Trade Report: The Westpac Banking Corp. (WBK) Position Decreased by IMS Capital Management

The Westpac Banking Corp. (WBK) Position Decreased by IMS Capital Management

IMS Capital Management reduced its stake in Westpac Banking Corp. (NYSE:WBK) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,120 shares of the company’s stock after selling 400 shares during the period. IMS Capital Management’s holdings in Westpac Banking Corp. were worth $201,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WBK. Kistler Tiffany Companies LLC raised its stake in Westpac Banking Corp. by 5.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,645 shares of the company’s stock valued at $103,000 after buying an additional 229 shares in the last quarter. Huntington National Bank acquired a new position in shares of Westpac Banking Corp. during the second quarter worth about $157,000. Boys Arnold & Co. Inc. acquired a new position in shares of Westpac Banking Corp. during the second quarter worth about $212,000. Sequoia Financial Advisors LLC acquired a new position in shares of Westpac Banking Corp. during the second quarter worth about $221,000. Finally, 1st Global Advisors Inc. raised its position in shares of Westpac Banking Corp. by 15.6% in the second quarter. 1st Global Advisors Inc. now owns 10,551 shares of the company’s stock worth $233,000 after buying an additional 1,420 shares during the period. Institutional investors and hedge funds own 0.48% of the company’s stock.

Westpac Banking Corp. (NYSE:WBK) traded down 0.82% on Friday, reaching $22.97. The company had a trading volume of 55,059 shares. Westpac Banking Corp. has a 52-week low of $19.83 and a 52-week high of $25.32. The company has a market capitalization of $76.41 billion, a PE ratio of 12.40 and a beta of 1.49. The company’s 50-day moving average is $22.85 and its 200-day moving average is $22.66.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Westpac Banking Corp. from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 11th. Zacks Investment Research lowered Westpac Banking Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Finally, Credit Agricole SA lowered Westpac Banking Corp. from an “underperform” rating to a “sell” rating in a research report on Thursday, July 7th.

Westpac Banking Corp. Company Profile

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.

Related posts

Leave a Comment