Financial Counselors Inc. trimmed its holdings in Westpac Banking Corporation (NYSE:WBK) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,297 shares of the bank’s stock after selling 374 shares during the period. Financial Counselors Inc.’s holdings in Westpac Banking Corporation were worth $475,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Huntington National Bank grew its position in Westpac Banking Corporation by 5.1% in the second quarter. Huntington National Bank now owns 4,784 shares of the bank’s stock worth $112,000 after acquiring an additional 230 shares during the period. Proficio Capital Partners LLC grew its position in Westpac Banking Corporation by 22.3% in the second quarter. Proficio Capital Partners LLC now owns 5,262 shares of the bank’s stock worth $134,000 after acquiring an additional 958 shares during the period. SG Americas Securities LLC purchased a new position in Westpac Banking Corporation in the first quarter worth approximately $162,000. IMS Capital Management grew its position in Westpac Banking Corporation by 1.7% in the second quarter. IMS Capital Management now owns 9,054 shares of the bank’s stock worth $212,000 after acquiring an additional 150 shares during the period. Finally, American Trust Investment Advisors LLC purchased a new position in Westpac Banking Corporation in the first quarter worth approximately $226,000. Institutional investors own 0.58% of the company’s stock.

Several research analysts recently weighed in on the company. Citigroup Inc. upgraded Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 19th. ValuEngine cut Westpac Banking Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research upgraded Westpac Banking Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded Westpac Banking Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) upgraded Westpac Banking Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.00.

Westpac Banking Corporation (NYSE:WBK) opened at 25.51 on Wednesday. The firm has a market capitalization of $85.40 billion, a PE ratio of 14.49 and a beta of 1.28. The firm’s 50-day moving average price is $25.41 and its 200-day moving average price is $24.93. Westpac Banking Corporation has a 1-year low of $21.23 and a 1-year high of $27.05.

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Westpac Banking Corporation Company Profile

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.

Institutional Ownership by Quarter for Westpac Banking Corporation (NYSE:WBK)

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