Westpac Banking Corp (NYSE:WBK) gapped down prior to trading on Wednesday . The stock had previously closed at $22.35, but opened at $22.39. Westpac Banking Corp shares last traded at $22.54, with a volume of 79,154 shares traded.

A number of brokerages have issued reports on WBK. Zacks Investment Research lowered shares of Westpac Banking Corp from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Credit Agricole SA cut shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. cut shares of Westpac Banking Corp from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 11th. Finally, Macquarie raised shares of Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 24th.

The company has a market capitalization of $76.05 billion, a PE ratio of 12.56 and a beta of 1.45. The company has a 50 day moving average of $22.73 and a 200-day moving average of $22.74.

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A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Westpac Banking Corp by 13.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,638 shares of the company’s stock worth $102,000 after buying an additional 536 shares in the last quarter. Lebenthal Holdings LLC boosted its stake in Westpac Banking Corp by 14.8% in the second quarter. Lebenthal Holdings LLC now owns 31,676 shares of the company’s stock worth $700,000 after buying an additional 4,074 shares in the last quarter. Stifel Financial Corp boosted its stake in Westpac Banking Corp by 30.5% in the second quarter. Stifel Financial Corp now owns 43,099 shares of the company’s stock worth $953,000 after buying an additional 10,074 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in Westpac Banking Corp by 2.9% in the second quarter. Cypress Wealth Advisors LLC now owns 13,506 shares of the company’s stock worth $298,000 after buying an additional 383 shares in the last quarter. Finally, FDx Advisors Inc. boosted its stake in Westpac Banking Corp by 41.0% in the second quarter. FDx Advisors Inc. now owns 34,285 shares of the company’s stock worth $757,000 after buying an additional 9,967 shares in the last quarter.

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.

5 Day Chart for NYSE:WBK

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