Westpac Banking Corp (WBK) Shares Gap Down to $22.79
Westpac Banking Corp (NYSE:WBK)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $22.78, but opened at $22.79. Westpac Banking Corp shares last traded at $22.84, with a volume of 49,845 shares traded.
A number of brokerages have issued reports on WBK. Zacks Investment Research cut Westpac Banking Corp from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Macquarie raised Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 24th. Finally, Credit Agricole SA cut Westpac Banking Corp from an “underperform” rating to a “sell” rating in a report on Thursday, July 7th.
The company has a market capitalization of $75.85 billion and a P/E ratio of 12.29. The firm’s 50 day moving average is $22.03 and its 200 day moving average is $22.31.
The firm also recently disclosed a dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, May 12th were paid 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 was Tuesday, May 10th.
A number of large investors have bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Westpac Banking Corp by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,333 shares of the company’s stock valued at $11,929,000 after buying an additional 14,962 shares in the last quarter. Comerica Bank raised its stake in Westpac Banking Corp by 11.4% in the fourth quarter. Comerica Bank now owns 179,374 shares of the company’s stock valued at $3,804,000 after buying an additional 18,328 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Westpac Banking Corp by 8.3% in the fourth quarter. TD Asset Management Inc. now owns 43,706 shares of the company’s stock valued at $1,301,000 after buying an additional 3,340 shares in the last quarter.
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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