Westpac Banking Corporation (WBK) Shares Sold by Shoker Investment Counsel Inc.
Shoker Investment Counsel Inc. trimmed its holdings in Westpac Banking Corporation (NYSE:WBK) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,656 shares of the bank’s stock after selling 2,382 shares during the period. Shoker Investment Counsel Inc.’s holdings in Westpac Banking were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of WBK. Huntington National Bank grew its stake in Westpac Banking by 5.1% in the second quarter. Huntington National Bank now owns 4,784 shares of the bank’s stock valued at $112,000 after acquiring an additional 230 shares during the period. Proficio Capital Partners LLC grew its stake in Westpac Banking by 22.3% in the second quarter. Proficio Capital Partners LLC now owns 5,262 shares of the bank’s stock valued at $134,000 after acquiring an additional 958 shares during the period. Armor Investment Advisors LLC acquired a new position in Westpac Banking in the third quarter valued at about $202,000. Strategic Global Advisors LLC grew its stake in Westpac Banking by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 8,708 shares of the bank’s stock valued at $204,000 after acquiring an additional 50 shares during the period. Finally, Rodgers Brothers Inc. acquired a new position in Westpac Banking in the third quarter valued at about $210,000. 0.59% of the stock is owned by hedge funds and other institutional investors.
Westpac Banking Corporation (NYSE:WBK) traded down $0.09 during mid-day trading on Monday, hitting $24.14. The stock had a trading volume of 96,800 shares, compared to its average volume of 186,354. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.74. Westpac Banking Corporation has a 52 week low of $22.17 and a 52 week high of $27.05.
The company also recently disclosed a None dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, November 13th will be given a dividend of $0.717 per share. This is a boost from Westpac Banking’s previous None dividend of $0.71. This represents a dividend yield of 5.82%. The ex-dividend date is Friday, November 10th. Westpac Banking’s dividend payout ratio is currently 81.14%.
WBK has been the subject of several recent research reports. Zacks Investment Research cut Westpac Banking from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group cut Westpac Banking from an “outperform” rating to a “neutral” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.
About Westpac Banking
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.
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