Westpac Banking Corp (NYSE:WBK) gapped up before the market opened on Monday . The stock had previously closed at $21.22, but opened at $21.62. Westpac Banking Corp shares last traded at $22.15, with a volume of 64,274 shares changing hands.

A number of equities research analysts have commented on WBK shares. Credit Agricole SA cut Westpac Banking Corp from an “underperform” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised Westpac Banking Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Saturday, April 30th. Finally, Macquarie raised Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 24th.

The firm’s 50-day moving average price is $21.84 and its 200 day moving average price is $22.34. The stock has a market capitalization of $73.49 billion and a PE ratio of 12.18.

The business also recently disclosed a dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.71 per share. This is a boost from Westpac Banking Corp’s previous dividend of $0.66. The ex-dividend date is Tuesday, May 10th.

Several large investors recently made changes to their positions in the stock. Comerica Bank raised its stake in shares of Westpac Banking Corp by 11.4% in the fourth quarter. Comerica Bank now owns 179,374 shares of the company’s stock worth $3,804,000 after buying an additional 18,328 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Westpac Banking Corp by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,333 shares of the company’s stock worth $11,929,000 after buying an additional 14,962 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Westpac Banking Corp by 16.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 51,341 shares of the company’s stock worth $1,244,000 after buying an additional 7,171 shares during the period. Todd Asset Management LLC raised its stake in shares of Westpac Banking Corp by 12.1% in the fourth quarter. Todd Asset Management LLC now owns 64,940 shares of the company’s stock worth $1,573,000 after buying an additional 7,013 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of Westpac Banking Corp by 8.3% in the fourth quarter. TD Asset Management Inc. now owns 43,706 shares of the company’s stock worth $1,301,000 after buying an additional 3,340 shares during the period.

Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand.

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