Westpac Banking Corp. (wbk) Declares Dividend Increase – $0.71 Per Share
Westpac Banking Corp. (NYSE:wbk) announced a dividend on Wednesday, November 9th. Stockholders of record on Monday, November 21st will be paid a dividend of 0.712 per share on Monday, January 2nd. The ex-dividend date is Thursday, November 17th. This is a positive change from Westpac Banking Corp.’s previous dividend of $0.71.
Shares of Westpac Banking Corp. (NYSE:WBK) opened at 23.55 on Thursday. The stock has a market cap of $78.34 billion, a PE ratio of 12.64 and a beta of 1.35. Westpac Banking Corp. has a 52 week low of $19.83 and a 52 week high of $25.32. The stock has a 50 day moving average of $23.11 and a 200-day moving average of $22.62.
A number of large investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Westpac Banking Corp. by 107.4% in the second quarter. Sei Investments Co. now owns 8,199 shares of the company’s stock worth $181,000 after buying an additional 4,246 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Westpac Banking Corp. during the second quarter worth approximately $211,000. Advisor Group Inc. purchased a new stake in Westpac Banking Corp. during the second quarter worth approximately $256,000. Fort Washington Investment Advisors Inc OH boosted its stake in Westpac Banking Corp. by 1.5% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 14,065 shares of the company’s stock worth $310,000 after buying an additional 203 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Westpac Banking Corp. during the second quarter worth approximately $370,000. Institutional investors own 0.48% of the company’s stock.
Several equities analysts have recently weighed in on WBK shares. JPMorgan Chase & Co. cut shares of Westpac Banking Corp. from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 11th. Zacks Investment Research upgraded shares of Westpac Banking Corp. from a “sell” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, July 27th.
Westpac Banking Corp. Company Profile
Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand.
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