Macquarie Group Ltd. decreased its stake in shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,846,314 shares of the bank’s stock after selling 1,682 shares during the quarter. Macquarie Group Ltd. owned approximately 3.39% of Boston Private Financial Holdings worth $43,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Boston Private Financial Holdings by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock valued at $22,801,000 after buying an additional 14,659 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Boston Private Financial Holdings by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock valued at $8,035,000 after buying an additional 29,297 shares in the last quarter. Washington Trust Bank bought a new stake in Boston Private Financial Holdings during the 2nd quarter valued at about $259,000. Victory Capital Management Inc. lifted its holdings in Boston Private Financial Holdings by 28.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock valued at $18,212,000 after buying an additional 262,435 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Boston Private Financial Holdings by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 651,420 shares of the bank’s stock valued at $10,683,000 after buying an additional 23,138 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.

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A number of brokerages recently weighed in on BPFH. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.40.

Shares of Boston Private Financial Holdings, Inc. (BPFH) opened at 16.60 on Friday. Boston Private Financial Holdings, Inc. has a 12-month low of $12.45 and a 12-month high of $17.88. The stock has a 50 day moving average of $15.25 and a 200 day moving average of $15.39. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 19.55 and a beta of 1.09.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The business had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Analysts forecast that Boston Private Financial Holdings, Inc. will post $0.90 earnings per share for the current year.

Boston Private Financial Holdings Profile

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Institutional Ownership by Quarter for Boston Private Financial Holdings (NASDAQ:BPFH)

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