Atria Investments LLC acquired a new stake in shares of Westpac (NYSE:WBK) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 9,207 shares of the bank’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. St. James Investment Company LLC purchased a new position in shares of Westpac during the fourth quarter valued at approximately $202,000. Advisor Partners LLC purchased a new position in shares of Westpac during the fourth quarter valued at approximately $209,000. Lake Street Advisors Group LLC purchased a new stake in Westpac during the fourth quarter valued at approximately $247,000. Citadel Advisors LLC purchased a new stake in Westpac during the fourth quarter valued at approximately $318,000. Finally, Rodgers Brothers Inc. increased its holdings in Westpac by 78.0% during the fourth quarter. Rodgers Brothers Inc. now owns 14,833 shares of the bank’s stock valued at $362,000 after buying an additional 6,500 shares during the last quarter. 0.60% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on WBK. UBS cut shares of Westpac from a “neutral” rating to a “sell” rating in a report on Thursday, April 26th. Zacks Investment Research raised shares of Westpac from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Sunday, January 21st. Bank of America cut shares of Westpac from a “buy” rating to an “underperform” rating in a report on Wednesday, March 7th. JPMorgan Chase raised shares of Westpac from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 30th. Finally, ValuEngine cut shares of Westpac from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Shares of WBK stock opened at $21.84 on Thursday. Westpac has a 12 month low of $21.82 and a 12 month high of $21.96. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 3.92 and a beta of 1.27. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.25 and a quick ratio of 1.26.

The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, July 16th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.702 per share. The ex-dividend date of this dividend is Wednesday, May 16th. Westpac’s dividend payout ratio is currently 81.71%.

Westpac Profile

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services.

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Institutional Ownership by Quarter for Westpac (NYSE:WBK)

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