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Shares of Westpac Banking Corp. (NYSE: WBK) have received a consensus recommendation "Hold" from the eight research companies that cover the market. Company Reports Marketbeat.com Three financial analysts evaluated the stock with a sales recommendation, two issued a buyback recommendation and three assigned a buy recommendation to the company, an average price target of 12 months among the brokerages that published a report. WBK has been the subject of several analyst reports: ValuEngine has cut Westpac Banking's shares from a "buy" rating to a "hold" rating in a report on Monday, April 2nd. On Thursday, May 10, as part of a report, the UBS group lowered the shares of Westpac Banking from a "hold" rating to a "sell" rating. report on T on Thursday, April 26.
A number of hedge funds and other institutional investors recently bought and sold shares. Citigroup Inc. increased its holdings in Westpac Banking by 9.1% in the first quarter. Citigroup Inc. now holds 35,223 shares of the bank valued at $ 781,000 after purchasing an additional 2,926 shares in the last quarter. Suntrust Banks Inc. increased its holdings in Westpac Banking by 27.0% in the first quarter. Suntrust Banks Inc. now holds 13,842 shares of the bank valued at $ 306,000 after purchasing an additional 2,945 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Westpac Banking by 526.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,075 shares of the bank valued at $ 131,000 after purchasing 3,424 additional shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Westpac Banking by 18.9% in the first quarter. PNC Financial Services Group Inc. now holds 25,983 shares of the bank valued at $ 578,000 after purchasing 4,138 additional shares in the last quarter. Finally, Oxbow Advisors LLC increased its holdings in Westpac Banking by 1.8% in the first quarter. Oxbow Advisors LLC now holds 259,316 shares of the bank valued at $ 5,752,000 after purchasing 4,694 additional shares in the last quarter. 0.59% of the stock is held by hedge funds and other institutional investors.
NYSE WBK has traded up $ 0.30 during Friday trading hours, hitting $ 22.17. 153,232 shares were exchanged for an average volume of 198,339 shares. The stock has a market capitalization of 73.18 billion dollars, a P / E ratio of 12.67, a P / E / G ratio of 8.56 and a beta of 1.33. Westpac Banking has a 12-month low of $ 20.52 and a 12-month high of $ 26.38.
The company also recently declared a semi-annual dividend, which was paid on Monday, July 16th. Investors who registered on Thursday, May 17, received a dividend of $ 0.702 per share. The ex-dividend date was Wednesday, May 16th. The dividend distribution rate of Westpac Banking is currently 78.86%.
Westpac Banking Company Profile
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific Rim and internationally. It is present in five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. It offers current banking services, savings, term deposit, relocate to Australia, under 21 and students, businesses, community solutions, nonprofit savings and foreign currency accounts; term deposits, tailor-made and farm management; debit, credit and travel cards; personal, personal, investment, small business and commercial loans; and equipment, auto, cash flow, goods and services financing insurance premiums.
Read more: Basic Principles of Price / Earnings Ratio
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