Westpac (NYSE:WBK) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Westpac (NYSE:WBK) by 530.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 228,800 shares of the bank’s stock after acquiring an additional 192,501 shares during the period. Deutsche Bank AG’s holdings in Westpac were worth $5,578,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in shares of Westpac by 15.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,999,094 shares of the bank’s stock valued at $50,417,000 after buying an additional 266,397 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Westpac by 14.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,406,100 shares of the bank’s stock worth $34,281,000 after purchasing an additional 177,401 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Westpac by 1.9% in the 4th quarter. Aperio Group LLC now owns 1,288,863 shares of the bank’s stock worth $31,422,000 after purchasing an additional 23,680 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Westpac by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 332,489 shares of the bank’s stock valued at $8,106,000 after acquiring an additional 4,079 shares during the period. Finally, Guardian Capital LP boosted its holdings in Westpac by 49.6% during the 3rd quarter. Guardian Capital LP now owns 226,418 shares of the bank’s stock valued at $5,710,000 after acquiring an additional 75,036 shares during the period. 0.60% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE:WBK opened at $22.33 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.74. Westpac has a 1 year low of $21.73 and a 1 year high of $26.72. The company has a market cap of $75,087.99, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.64 and a beta of 1.28.

A number of research analysts have commented on the company. ValuEngine lowered Westpac from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research restated a “hold” rating on shares of Westpac in a research note on Saturday, January 13th. Macquarie upgraded Westpac from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 17th. JPMorgan Chase upgraded Westpac from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 30th. Finally, Bank of America cut Westpac from a “buy” rating to an “underperform” rating in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.00.

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Westpac 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, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services.

Institutional Ownership by Quarter for Westpac (NYSE:WBK)

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