American International Group Inc. Raises Holdings in Great Western Bancorp Inc (GWB)
American International Group Inc. grew its position in Great Western Bancorp Inc (NYSE:GWB) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,840 shares of the bank’s stock after purchasing an additional 2,553 shares during the period. American International Group Inc. owned about 0.08% of Great Western Bancorp worth $1,934,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Great Western Bancorp by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock valued at $105,490,000 after acquiring an additional 565,508 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Great Western Bancorp by 13.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock valued at $134,895,000 after acquiring an additional 389,922 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Great Western Bancorp by 32.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock valued at $53,710,000 after acquiring an additional 320,067 shares during the last quarter. State Street Corp increased its holdings in shares of Great Western Bancorp by 10.6% during the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock valued at $110,148,000 after acquiring an additional 259,443 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Great Western Bancorp during the 2nd quarter valued at about $9,372,000.
Shares of Great Western Bancorp Inc (GWB) traded down $0.40 during trading hours on Tuesday, reaching $39.74. The company had a trading volume of 198,600 shares, compared to its average volume of 294,141. Great Western Bancorp Inc has a 1 year low of $33.27 and a 1 year high of $45.62. The company has a market cap of $2,362.39, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.01 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 announced its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The firm had revenue of $116.50 million during the quarter, compared to the consensus estimate of $117.75 million. During the same quarter in the prior year, the company earned $0.57 EPS. research analysts predict that Great Western Bancorp Inc will post 2.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.01%. Great Western Bancorp’s payout ratio is 32.52%.
In other Great Western Bancorp news, CEO Kenneth James Karels sold 12,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,464,075.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen John Ulenberg sold 5,397 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $217,067.34. Following the completion of the sale, the executive vice president now owns 20,505 shares of the company’s stock, valued at approximately $824,711.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,545 shares of company stock valued at $2,921,722. 0.19% of the stock is owned by corporate insiders.
GWB has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Great Western Bancorp in a report on Friday, September 8th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. TheStreet lowered Great Western Bancorp from a “b” rating to a “c” rating in a report on Thursday, September 7th. Deutsche Bank increased their price objective on Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $40.00 target price on shares of Great Western Bancorp in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Great Western Bancorp presently has a consensus rating of “Hold” and an average target price of $45.22.
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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