Morgan Stanley Sells 80,081 Shares of Boston Private Financial Holdings, Inc. (BPFH)

Morgan Stanley decreased its position in Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 27.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,049 shares of the bank’s stock after selling 80,081 shares during the period. Morgan Stanley owned 0.25% of Boston Private Financial Holdings worth $3,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock worth $124,044,000 after buying an additional 1,422,619 shares during the period. Vanguard Group Inc. raised its position in shares of Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock worth $124,500,000 after buying an additional 446,786 shares during the period. William Blair Investment Management LLC raised its position in shares of Boston Private Financial Holdings by 29.7% in the first quarter. William Blair Investment Management LLC now owns 1,395,254 shares of the bank’s stock worth $22,882,000 after buying an additional 319,910 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of Boston Private Financial Holdings by 9.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,418,710 shares of the bank’s stock worth $56,067,000 after buying an additional 288,819 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Boston Private Financial Holdings during the first quarter worth $1,700,000. Institutional investors own 91.18% of the company’s stock.

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) traded up 0.35% during trading on Friday, reaching $14.35. The company’s stock had a trading volume of 98,694 shares. Boston Private Financial Holdings, Inc. has a 12 month low of $12.30 and a 12 month high of $17.88. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 16.90 and a beta of 1.06. The stock’s 50 day moving average is $15.21 and its 200 day moving average is $15.80.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. On average, equities analysts expect that Boston Private Financial Holdings, Inc. will post $0.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.44 annualized dividend and a dividend yield of 3.08%. Boston Private Financial Holdings’s payout ratio is currently 51.16%.

WARNING: This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.com-unik.info/2017/08/18/morgan-stanley-sells-80081-shares-of-boston-private-financial-holdings-inc-bpfh.html.

BPFH has been the topic of a number of recent research reports. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Boston Private Financial Holdings has an average rating of “Hold” and an average target price of $15.60.

Boston Private Financial Holdings Company Profile

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Institutional Ownership by Quarter for Boston Private Financial Holdings (NASDAQ:BPFH)

What are top analysts saying about Boston Private Financial Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Boston Private Financial Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit