Principal Financial Group Inc. decreased its holdings in shares of Great Western Bancorp, Inc. (NYSE:GWB) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 485,678 shares of the bank’s stock after selling 4,334 shares during the period. Principal Financial Group Inc. owned approximately 0.83% of Great Western Bancorp worth $20,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in shares of Great Western Bancorp by 13.4% in the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock worth $134,895,000 after acquiring an additional 389,922 shares during the period. State Street Corp grew its holdings in shares of Great Western Bancorp by 10.6% in the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after acquiring an additional 259,443 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Great Western Bancorp by 28.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock worth $105,490,000 after acquiring an additional 565,508 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Great Western Bancorp by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after acquiring an additional 147,426 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Great Western Bancorp by 13.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock worth $73,157,000 after acquiring an additional 210,971 shares during the period.

A number of equities research analysts recently weighed in on GWB shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $46.00 price target on shares of Great Western Bancorp in a report on Sunday, July 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a research note on Friday, July 28th. Stephens set a $46.00 target price on Great Western Bancorp and gave the company a “buy” rating in a research note on Friday, July 28th. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Deutsche Bank AG upped their target price on Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Great Western Bancorp has an average rating of “Hold” and an average target price of $45.22.

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Great Western Bancorp, Inc. (GWB) traded down $0.02 during mid-day trading on Friday, reaching $40.49. The company had a trading volume of 143,900 shares, compared to its average volume of 297,436. Great Western Bancorp, Inc. has a 12-month low of $33.27 and a 12-month high of $45.62. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2,382.19, a price-to-earnings ratio of 16.46, a P/E/G ratio of 2.03 and a beta of 1.72.

Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $117.75 million. During the same quarter in the prior year, the company earned $0.57 EPS. analysts anticipate that Great Western Bancorp, Inc. will post 2.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is presently 32.52%.

In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 1,304 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total transaction of $52,433.84. Following the transaction, the insider now owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kenneth James Karels sold 24,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.09, for a total value of $986,160.00. Following the transaction, the insider now directly owns 53,702 shares in the company, valued at approximately $2,206,615.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,280 shares of company stock worth $2,829,831. Corporate insiders own 0.23% of the company’s stock.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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