Crossmark Global Holdings Inc. Takes $8.28 Million Position in Westpac Banking Corporation (WBK)

Crossmark Global Holdings Inc. acquired a new position in shares of Westpac Banking Corporation (NYSE:WBK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 328,410 shares of the bank’s stock, valued at approximately $8,283,000.

A number of other large investors have also bought and sold shares of the stock. Strategic Global Advisors LLC boosted its stake in Westpac Banking Corporation by 0.6% during the second quarter. Strategic Global Advisors LLC now owns 8,708 shares of the bank’s stock worth $204,000 after acquiring an additional 50 shares in the last quarter. IMS Capital Management boosted its stake 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 in the last quarter. Huntington National Bank boosted its stake 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 in the last quarter. Quadrant Capital Group LLC boosted its stake in Westpac Banking Corporation by 2.6% during the second quarter. Quadrant Capital Group LLC now owns 12,743 shares of the bank’s stock worth $268,000 after acquiring an additional 320 shares in the last quarter. Finally, Shoker Investment Counsel Inc. boosted its stake in Westpac Banking Corporation by 2.9% during the second quarter. Shoker Investment Counsel Inc. now owns 30,038 shares of the bank’s stock worth $702,000 after acquiring an additional 854 shares in the last quarter. 0.57% of the stock is currently owned by institutional investors and hedge funds.

WBK has been the topic of several research reports. ValuEngine raised shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) raised shares of Westpac Banking Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Westpac Banking Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub raised shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Citigroup Inc. raised shares of Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.00.

Westpac Banking Corporation (NYSE WBK) opened at 25.38 on Wednesday. Westpac Banking Corporation has a one year low of $22.17 and a one year high of $27.05. The stock has a market capitalization of $84.97 billion, a PE ratio of 14.91 and a beta of 1.29. The firm has a 50-day moving average of $25.50 and a 200 day moving average of $24.75.

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About Westpac Banking Corporation

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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