Shares of Westpac Banking Corp (NYSE:WBK) gapped down before the market opened on Friday . The stock had previously closed at $23.09, but opened at $23.13. Westpac Banking Corp shares last traded at $23.61, with a volume of 86,982 shares changing hands.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Westpac Banking Corp from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Macquarie raised shares of Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 24th. Finally, Credit Agricole SA cut shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a report on Thursday, July 7th.

The firm has a market capitalization of $78.48 billion and a price-to-earnings ratio of 12.95. The company’s 50 day moving average price is $22.13 and its 200 day moving average price is $22.35.

The firm also recently announced a dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, May 12th were given a dividend of $0.71 per share. This is an increase from Westpac Banking Corp’s previous dividend of $0.66. The ex-dividend date was Tuesday, May 10th.

A hedge fund recently raised its stake in Westpac Banking Corp stock. Dimensional Fund Advisors LP boosted its position in shares of Westpac Banking Corp (NYSE:WBK) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 492,333 shares of the company’s stock after buying an additional 14,962 shares during the period. Dimensional Fund Advisors LP’s holdings in Westpac Banking Corp were worth $11,929,000 as of its most recent filing with the SEC.

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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