Guardian Capital LP lifted its position in shares of Westpac Banking Corp (NYSE:WBK) by 49.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,418 shares of the bank’s stock after purchasing an additional 75,036 shares during the period. Guardian Capital LP’s holdings in Westpac Banking were worth $5,710,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Global Advisors LLC lifted its position in shares of Westpac Banking by 0.6% during the second quarter. Strategic Global Advisors LLC now owns 8,708 shares of the bank’s stock worth $204,000 after purchasing an additional 50 shares in the last quarter. IMS Capital Management lifted its position in shares of Westpac Banking by 1.7% during the second quarter. IMS Capital Management now owns 9,054 shares of the bank’s stock worth $212,000 after purchasing an additional 150 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Westpac Banking by 2.6% during the second quarter. Quadrant Capital Group LLC now owns 12,743 shares of the bank’s stock worth $268,000 after purchasing an additional 320 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in shares of Westpac Banking by 2.9% during the second quarter. Shoker Investment Counsel Inc. now owns 30,038 shares of the bank’s stock worth $702,000 after purchasing an additional 854 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Westpac Banking by 22.3% during the second quarter. Proficio Capital Partners LLC now owns 5,262 shares of the bank’s stock worth $134,000 after purchasing an additional 958 shares in the last quarter. 0.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Westpac Banking Corp (NYSE:WBK) traded up $0.01 during trading hours on Wednesday, hitting $23.84. 163,800 shares of the company were exchanged, compared to its average volume of 188,899. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.26 and a quick ratio of 1.26. Westpac Banking Corp has a fifty-two week low of $22.17 and a fifty-two week high of $27.05.
A number of research firms have recently commented on WBK. Zacks Investment Research cut shares of Westpac Banking from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine cut shares of Westpac Banking from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Credit Suisse Group cut shares of Westpac Banking from an “outperform” rating to a “neutral” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Westpac Banking presently has an average rating of “Hold” and a consensus price target of $28.00.
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About Westpac Banking
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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