Guggenheim Capital LLC Grows Position in Westpac (WBK)

Guggenheim Capital LLC increased its position in shares of Westpac (NYSE:WBK) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 142,969 shares of the bank’s stock after purchasing an additional 14,119 shares during the quarter. Guggenheim Capital LLC’s holdings in Westpac were worth $3,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC lifted its holdings in Westpac by 4.4% during the 4th quarter. Gilman Hill Asset Management LLC now owns 52,520 shares of the bank’s stock worth $1,280,000 after purchasing an additional 2,225 shares during the last quarter. Jane Street Group LLC lifted its holdings in Westpac by 27.0% during the 3rd quarter. Jane Street Group LLC now owns 14,512 shares of the bank’s stock worth $366,000 after purchasing an additional 3,081 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Westpac by 27.4% during the 4th quarter. Ballentine Partners LLC now owns 15,460 shares of the bank’s stock worth $377,000 after purchasing an additional 3,327 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in Westpac by 19.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 24,033 shares of the bank’s stock worth $606,000 after purchasing an additional 3,844 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Westpac by 1.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 332,489 shares of the bank’s stock valued at $8,106,000 after acquiring an additional 4,079 shares in the last quarter. 0.60% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have weighed in on the company. JPMorgan Chase raised Westpac from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research reaffirmed a “hold” rating on shares of Westpac in a report on Saturday, January 13th. Morgan Stanley cut Westpac from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Macquarie raised Westpac from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 17th. Finally, Bank of America cut Westpac from a “buy” rating to an “underperform” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.00.

Shares of NYSE WBK opened at $22.18 on Friday. The firm has a market capitalization of $74,753.38, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.62 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.74. Westpac has a fifty-two week low of $21.73 and a fifty-two week high of $26.72.

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About Westpac

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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Institutional Ownership by Quarter for Westpac (NYSE:WBK)

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