Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Westpac Banking Corporation (NYSE:WBK) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,294 shares of the bank’s stock after selling 340 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Westpac Banking Corporation were worth $451,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Aperio Group LLC grew its holdings in shares of Westpac Banking Corporation by 11.9% during the 2nd quarter. Aperio Group LLC now owns 1,160,935 shares of the bank’s stock valued at $27,166,000 after purchasing an additional 123,092 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Westpac Banking Corporation by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 478,261 shares of the bank’s stock valued at $12,779,000 after purchasing an additional 2,934 shares during the last quarter. UBS Group AG grew its holdings in shares of Westpac Banking Corporation by 7.4% during the 1st quarter. UBS Group AG now owns 310,494 shares of the bank’s stock valued at $8,296,000 after purchasing an additional 21,290 shares during the last quarter. Mawer Investment Management Ltd. bought a new position in shares of Westpac Banking Corporation during the 1st quarter valued at $3,798,000. Finally, Bollard Group LLC grew its holdings in shares of Westpac Banking Corporation by 1.1% during the 2nd quarter. Bollard Group LLC now owns 95,765 shares of the bank’s stock valued at $2,241,000 after purchasing an additional 1,010 shares during the last quarter. 0.58% of the stock is currently owned by institutional investors.

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Shares of Westpac Banking Corporation (NYSE WBK) opened at 25.22 on Friday. The company has a market cap of $84.43 billion, a price-to-earnings ratio of 14.32 and a beta of 1.28. The firm has a 50-day moving average of $25.35 and a 200-day moving average of $24.92. Westpac Banking Corporation has a one year low of $22.15 and a one year high of $27.05.

Several research firms recently commented on WBK. Goldman Sachs Group, Inc. (The) raised shares of Westpac Banking Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th. BidaskClub raised shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Citigroup Inc. raised shares of Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a report on Wednesday, July 19th. ValuEngine raised shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, July 22nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Westpac Banking Corporation presently has a consensus rating of “Buy” and an average price target of $30.00.

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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