Westpac Banking Corp (WBK) Shares Bought by Weather Gauge Advisory LLC

Weather Gauge Advisory LLC boosted its stake in Westpac Banking Corp (NYSE:WBK) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,905 shares of the bank’s stock after buying an additional 1,000 shares during the period. Weather Gauge Advisory LLC’s holdings in Westpac Banking were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WBK. Millennium Management LLC purchased a new stake in Westpac Banking in the fourth quarter worth about $5,567,000. D. E. Shaw & Co. Inc. increased its stake in shares of Westpac Banking by 116.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 239,030 shares of the bank’s stock valued at $4,176,000 after purchasing an additional 128,394 shares in the last quarter. OLD Mission Capital LLC increased its stake in shares of Westpac Banking by 79.7% during the fourth quarter. OLD Mission Capital LLC now owns 187,277 shares of the bank’s stock valued at $3,272,000 after purchasing an additional 83,058 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Westpac Banking during the first quarter valued at approximately $1,171,000. Finally, Renaissance Technologies LLC increased its stake in shares of Westpac Banking by 5.2% during the third quarter. Renaissance Technologies LLC now owns 1,261,400 shares of the bank’s stock valued at $25,241,000 after purchasing an additional 62,500 shares in the last quarter. Institutional investors and hedge funds own 0.54% of the company’s stock.

Shares of WBK traded up $0.02 during trading hours on Monday, reaching $18.62. 200,394 shares of the stock traded hands, compared to its average volume of 243,126. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.26 and a current ratio of 1.26. Westpac Banking Corp has a 52-week low of $16.41 and a 52-week high of $22.65. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 7.74 and a beta of 1.06.



A number of brokerages have weighed in on WBK. JPMorgan Chase & Co. downgraded shares of Westpac Banking from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. Zacks Investment Research raised shares of Westpac Banking from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Goldman Sachs Group downgraded shares of Westpac Banking from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. ValuEngine downgraded shares of Westpac Banking from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Morgan Stanley downgraded shares of Westpac Banking from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 31st. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Westpac Banking currently has an average rating of “Hold” and a consensus price target of $25.00.

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Westpac Banking Profile

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.

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

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