Trading Report: Today, Camelot Portfolios LLC invests in Westpac Banking Corp. (WBK) Shares

Today, Camelot Portfolios LLC invests in Westpac Banking Corp. (WBK) Shares

Camelot Portfolios LLC increased its position in Westpac Banking Corp. (NYSE:WBK) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,643 shares of the company’s stock after buying an additional 1,208 shares during the period. Camelot Portfolios LLC’s holdings in Westpac Banking Corp. were worth $651,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WBK. Northwestern Mutual Wealth Management Co. increased its position in shares of Westpac Banking Corp. by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,638 shares of the company’s stock worth $102,000 after buying an additional 536 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Westpac Banking Corp. by 5.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,645 shares of the company’s stock worth $103,000 after buying an additional 229 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Westpac Banking Corp. by 23.2% in the third quarter. Quadrant Capital Group LLC now owns 5,581 shares of the company’s stock worth $116,000 after buying an additional 1,051 shares in the last quarter. Creative Planning increased its position in shares of Westpac Banking Corp. by 5.2% in the third quarter. Creative Planning now owns 5,915 shares of the company’s stock worth $135,000 after buying an additional 294 shares in the last quarter. Finally, MSI Financial Services Inc increased its position in shares of Westpac Banking Corp. by 2,366.0% in the third quarter. MSI Financial Services Inc now owns 6,313 shares of the company’s stock worth $144,000 after buying an additional 6,057 shares in the last quarter. 0.48% of the stock is owned by institutional investors.

Shares of Westpac Banking Corp. (NYSE:WBK) opened at 23.38 on Friday. Westpac Banking Corp. has a 1-year low of $19.83 and a 1-year high of $25.32. The company’s 50 day moving average is $23.25 and its 200-day moving average is $22.63. The company has a market capitalization of $78.02 billion, a P/E ratio of 14.33 and a beta of 1.35.

The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, November 14th will be paid a dividend of $0.712 per share. The ex-dividend date is Tuesday, November 15th.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Westpac Banking Corp. from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 11th. Zacks Investment Research downgraded shares of Westpac Banking Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th.

About Westpac Banking Corp.

Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand.

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