Millennium Management LLC acquired a new stake in Westpac Banking Corp. (NYSE: WBK) shares in the first quarter, according to the latest 13F filings with the SEC. The fund bought 37,130 shares of the bank's share, worth about $ 824,000.
Several other institutional investors and hedge funds have recently also increased or reduced their interests in the company. Wells Fargo & Company MN grew by 191.9% in Westpac Banking shares in the first quarter. Wells Fargo & Company MN now holds 219,961 shares of the bank's share of $ 4,879,000 after the acquisition of 144,618 additional shares during the last quarter. Oxbow Advisors LLC increased its holdings in Westpac Banking by 1.8% in the first quarter. Oxbow Advisors LLC now owns 259,316 shares of the bank's share of $ 5,752,000 after purchasing an additional 4,694 shares in the last quarter. Atria Investments LLC acquired a new stake in Westpac Banking worth $ 204,000 in the first quarter. M & T Bank Corp increased its holdings in Westpac Banking by 12.4% in the first quarter. M & T Bank Corp. now holds 76,263 shares of the bank's share of $ 1,691,000 after the purchase of additional 8,417 shares in the last quarter. Finally, Wetherby Asset Management Inc. has its shareholdings in Westpac Banking increased by 11.7% in the first quarter. Wetherby Asset Management Inc. now holds 71,422 shares of the bank's share of $ 1,584,000 after purchasing an additional 7,482 shares in the last quarter. Hedge funds and other institutional investors hold 0.61% of the company's shares.
A number of brokers have weighed on WBK. Macquarie lowered Westpac Banking from an "outperform" rating to a "neutral" rating in a report on Friday, August 17. Zacks Investment Research has upgraded Westpac Banking from a "sell" rating to a "buy" rating and set a price target of $ 25.00 for the company in a research note on Sunday, July 15. Finally, ValuEngine Westpac Banking lowered a hold rating to a sell rating in a research note on Saturday, June 2. Three investment analysts have rated the shares with a sell rating, three have a hold rating and two have assigned a buy-rating to the company's shares. Westpac Banking currently has a consensus rating of "Hold" and an average target price of $ 25.00.
NYSE shares: WBK opened at $ 20.11 on Friday. The company has a market capitalization of $ 71.94 billion, a P / E ratio of 11.49, a P / E / G ratio of 8.42 and a beta of 1.32. Westpac Banking Corp has a 12 month low of $ 20.05 and a 12 month high of $ 26.38.
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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