Moody National Bank Trust Division acquired a new position in Westpac Banking Corps shares (NYSE: WBK) in the third quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund acquired 138,500 shares in the bank's share, valued at approximately SEK 2,771,000.
Other major investors bought and recently sold shares in the company. Glenmede Trust Co. NA increased its position in Westpac Banking by 1,960.1% in the second quarter. Glenmede Trust Co. NA now owns 320,887 shares in the bank's stock valued at $ 6.957,000 after purchasing additional 305,311 shares during the last quarter. Northern Trust Corp raised its position in Westpac Banking shares by 6.8% in the second quarter. Northern Trust Corp now owns 3,137,776 shares in the bank's share worth $ 68,027,000 after purchasing additional 201,083 shares in the last quarter. Old Mission Capital LLC acquired a new position in Westpac Banking shares in the second quarter worth approximately 2,562,000 dollars. Jane Street Group LLC acquired a new position in Westpac Banking shares during the second quarter worth about $ 1,647,000. Finally, Millennium Management LLC acquired a new position in Westpac Banking shares worth approximately $ 824,000 in the first quarter. Institutional investors own 0.56% of the company's share.
Stocks of NYSE: WBK opened at $ 19.26 on Friday. Westpac Banking Corp. has 52 weeks low at $ 18.22 and 52 weeks high at $ 25.59.
The company also recently announced a special dividend, payable on Monday 31 December. Shareholders in record Tuesday, November 13, will pay a dividend of $ 0.6766. This represents a yield of 7.09%. The dividend date for this dividend is Friday, November 9th. Westpac Bank's payment rate is currently 79.31%.
A number of brokerage companies have recently issued reports on WBK. Zacks Investment Research lowered Westpac Banking shares from a "team" rating to a "sell" rating in a research report Tuesday, 28 August. Citigroup raised Westpac Banking shares from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 6th. Finally, Macquarie downgraded Westpac Banking shares from an "outperform" rating to a "neutral" rating in a research note Friday 17th of August. Three investment analysts have rated the share with a sales rating, three have awarded a holding rating and two have given a purchase price to the company's share. The company currently has an average rating of "Team" and an average price target of $ 25.00.
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Westpac Banking Company Profile
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, Pacific and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. It offers everyday banks, savings, time-limited deposits, moving to Australia, under 21 years and students, business, social solutions, one, profitable savings and currency accounts. time-limited, tailor made and farm-based deposits; debit, credit and travel credit cards; home, personal, investment, small business and commercial loans; and equipment, vehicle, cash flow, real estate and insurance premium financing services.
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