Swedbank AB (SWDBY) Downgraded by Berenberg Bank
Swedbank AB (OTCMKTS:SWDBY) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued on Friday.
SWDBY has been the topic of a number of other research reports. J P Morgan Chase & Co upgraded Swedbank AB from a “neutral” rating to an “overweight” rating in a research note on Tuesday, August 29th. Macquarie reiterated an “underperform” rating on shares of Swedbank AB in a research note on Friday, October 13th. ValuEngine upgraded Swedbank AB from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered Swedbank AB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold”.
An institutional investor recently raised its position in Swedbank AB stock. EisnerAmper Wealth Management increased its stake in shares of Swedbank AB (OTCMKTS:SWDBY) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,979 shares of the financial services provider’s stock after buying an additional 4,596 shares during the quarter. EisnerAmper Wealth Management’s holdings in Swedbank AB were worth $703,000 at the end of the most recent reporting period. 0.09% of the stock is currently owned by hedge funds and other institutional investors.
Swedbank AB Company Profile
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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