Legal & General Group Plc Increases Stake in Great Western Bancorp Inc (GWB)

Legal & General Group Plc increased its position in shares of Great Western Bancorp Inc (NYSE:GWB) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,153 shares of the bank’s stock after buying an additional 2,383 shares during the period. Legal & General Group Plc owned about 0.20% of Great Western Bancorp worth $4,796,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Great Western Bancorp by 18.5% during the second quarter. Citigroup Inc. now owns 71,552 shares of the bank’s stock valued at $2,920,000 after buying an additional 11,161 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Great Western Bancorp by 4.0% during the second quarter. Ameriprise Financial Inc. now owns 619,306 shares of the bank’s stock valued at $25,273,000 after buying an additional 23,795 shares during the period. Prudential Financial Inc. increased its stake in shares of Great Western Bancorp by 4.6% during the third quarter. Prudential Financial Inc. now owns 392,351 shares of the bank’s stock valued at $16,196,000 after buying an additional 17,210 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Great Western Bancorp by 6.4% during the second quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock valued at $99,807,000 after buying an additional 147,426 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Great Western Bancorp by 8.1% during the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock valued at $147,562,000 after buying an additional 269,230 shares during the period.

Shares of Great Western Bancorp Inc (GWB) opened at $41.01 on Tuesday. Great Western Bancorp Inc has a 12-month low of $33.27 and a 12-month high of $45.62. The firm has a market capitalization of $2,378.28, a PE ratio of 16.43, a P/E/G ratio of 2.02 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $117.75 million. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. During the same quarter last year, the company earned $0.57 earnings per share. equities analysts expect that Great Western Bancorp Inc will post 2.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is presently 32.52%.

Several brokerages have recently commented on GWB. Piper Jaffray Companies restated a “hold” rating and set a $40.00 price target on shares of Great Western Bancorp in a research note on Friday, October 27th. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. FBR & Co downgraded Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Tuesday, October 31st. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, B. Riley downgraded Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.22.

In other Great Western Bancorp news, CEO Kenneth James Karels sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total value of $475,920.00. Following the completion of the sale, the chief executive officer now owns 62,130 shares of the company’s stock, valued at $2,464,075.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the sale, the insider now directly owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The disclosure for this sale can be found here. In the last three months, insiders sold 71,545 shares of company stock valued at $2,921,722. Corporate insiders own 0.19% of the company’s stock.

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Great Western Bancorp Profile

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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