Atlas Capital Advisors LLC acquired a new stake in Westpac Banking Corp. (NYSE: WBK) in the second quarter, the company said in its most recent Form 13F application to the Securities and Exchange Commission. The fund acquired 8,338 shares of the bank's share, worth about $ 183,000.
Other hedge funds have also recently changed their holdings to the company. Bollard Group LLC increased its stake in Westpac Banking by 55.0% in the first quarter. Bollard Group LLC now holds 105,245 shares of the bank's share of $ 2,334,000 after the purchase of 37,366 additional shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in Westpac Banking shares in the second quarter of approximately $ 1,478,000. Citigroup Inc. increased its stake in Westpac Banking by 9.1% in the first quarter. Citigroup Inc. now owns 35,223 shares of the bank's share with a value of $ 781,000 after the purchase of 2,926 additional shares in the last quarter. Brinker Capital Inc. increased its stake in Westpac Banking shares by 24.8% in the first quarter. Brinker Capital Inc. now owns 26,270 shares of the bank's share of $ 583,000 after the purchase of another 5,217 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Westpac Banking by 530.3% in the fourth quarter. Deutsche Bank AG now holds 228,800 shares of the bank's share with a value of $ 5,578,000 after the purchase of 192,501 additional shares in the last quarter. 0.61% of the shares are held by institutional investors and hedge funds.
NYSE: WBK traded $ 0.63 Friday during trading hours and reached $ 20.11. 749,700 shares of the shares were exchanged, compared with the average volume of 244,134. Westpac Banking Corp has a low of 52 weeks of $ 20.05 and a height of 52 weeks of $ 26.38. The company has a market capitalization of $ 71.94 billion, a K / W ratio of 11.49, a price-earnings ratio of 8.42 and a beta of 1.32.
Several stock research analysts have commented on the company. ValuEngine lowered Westpac Banking from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research note on Saturday, June 2. Zacks Investment Research has upgraded Westpac Banking from a "sell" classification to a "hold" rating in a research note on Thursday, June 14th. Ultimately, Macquarie Westpac Banking lowered an "outperform" rating to a "neutral" rating in a study letter on Friday, August 17. Three investment analysts have rated the shares with a sell rating, three have given a hold rating and two have been assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and an average price target of $ 25.00.
Westpac Banking profile
Westpac Banking Corporation offers various banking and financial services in Australia, New Zealand, Asia, the Pacific and internationally. It operates in five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. It offers daily banking, savings, term deposit & # 39; s, moving to Australia, under 21 and students, companies, community solutions one, not-for-profit savings, and foreign currency accounts; term deposits & # 39; s and deposits for business management; debit, credit and travel cards; private, investment, small and commercial loans; and equipment, automotive, cash flow, property and insurance premiums.
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