Fort Washington Investment Advisors Inc. OH Continues to Hold Holdings in Westpac Banking Corporation (WBK)

Fort Washington Investment Advisors Inc. OH maintained its stake in shares of Westpac Banking Corporation (NYSE:WBK) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,651 shares of the bank’s stock at the end of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Westpac Banking Corporation were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cypress Wealth Advisors LLC lifted its position in Westpac Banking Corporation by 0.3% during the first quarter. Cypress Wealth Advisors LLC now owns 17,206 shares of the bank’s stock worth $460,000 after acquiring an additional 57 shares during the last quarter. IMS Capital Management lifted its position in Westpac Banking Corporation by 1.7% during 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 last quarter. Huntington National Bank lifted its position in Westpac Banking Corporation by 5.1% during 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 last quarter. Stifel Financial Corp lifted its position in Westpac Banking Corporation by 0.8% during the first quarter. Stifel Financial Corp now owns 28,953 shares of the bank’s stock worth $776,000 after acquiring an additional 238 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Westpac Banking Corporation by 1.4% during the first quarter. Bank of Montreal Can now owns 30,994 shares of the bank’s stock worth $828,000 after acquiring an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

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Westpac Banking Corporation (NYSE WBK) opened at 25.44 on Wednesday. The stock’s 50 day moving average is $25.34 and its 200 day moving average is $24.90. Westpac Banking Corporation has a one year low of $22.17 and a one year high of $27.05. The company has a market capitalization of $85.17 billion, a PE ratio of 14.45 and a beta of 1.28.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Westpac Banking Corporation from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Saturday, August 19th. Morgan Stanley upgraded shares of Westpac Banking Corporation from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 20th. Citigroup Inc. upgraded shares of Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price 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.

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

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