Aperio Group LLC increased its position in shares of Westpac Banking Corporation (NYSE:WBK) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,935 shares of the bank’s stock after buying an additional 123,092 shares during the period. Aperio Group LLC’s holdings in Westpac Banking Corporation were worth $27,166,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new position in Westpac Banking Corporation during the first quarter worth about $149,000. SG Americas Securities LLC purchased a new position in Westpac Banking Corporation during the first quarter worth about $162,000. Zevin Asset Management LLC purchased a new position in Westpac Banking Corporation during the first quarter worth about $200,000. Armor Investment Advisors LLC purchased a new position in Westpac Banking Corporation during the first quarter worth about $214,000. Finally, American Investment Services Inc. purchased a new position in Westpac Banking Corporation during the first quarter worth about $219,000. Institutional investors and hedge funds own 0.58% of the company’s stock.
Westpac Banking Corporation (NYSE WBK) opened at 25.20 on Friday. The firm’s 50-day moving average price is $24.11 and its 200 day moving average price is $24.85. Westpac Banking Corporation has a 52-week low of $21.23 and a 52-week high of $27.05. The stock has a market cap of $84.36 billion, a P/E ratio of 14.27 and a beta of 1.29.
The firm also recently declared a semiannual dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, May 18th were given a dividend of $0.689 per share. The ex-dividend date was Tuesday, May 16th. This represents a yield of 5.72%.
A number of research firms have weighed in on WBK. Goldman Sachs Group, Inc. (The) raised Westpac Banking Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 12th. BidaskClub raised Westpac Banking Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Citigroup Inc. raised Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a report on Wednesday, July 19th. ValuEngine raised Westpac Banking Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research cut Westpac Banking Corporation from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.00.
About Westpac Banking Corporation
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.
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