Investors Bancorp New (ISBC) Shareholder Boston Partners Has Trimmed Holding as Valuation Declined; Bank Of Stockton Increased Its Phillips 66 (PSX) Position by $358,085

January 14, 2018 - By Ellis Scott

Boston Partners decreased its stake in Investors Bancorp Inc New (ISBC) by 55.47% based on its latest 2017Q3 regulatory filing with the SEC. Boston Partners sold 378,318 shares as the company’s stock declined 12.01% while stock markets rallied. The institutional investor held 303,670 shares of the finance company at the end of 2017Q3, valued at $4.14 million, down from 681,988 at the end of the previous reported quarter. Boston Partners who had been investing in Investors Bancorp Inc New for a number of months, seems to be less bullish one the $4.40B market cap company. The stock increased 0.35% or $0.05 during the last trading session, reaching $14.36. About 1.52 million shares traded. Investors Bancorp, Inc. (NASDAQ:ISBC) has risen 13.02% since January 14, 2017 and is uptrending. It has underperformed by 3.68% the S&P500.

Bank Of Stockton increased its stake in Phillips 66 (PSX) by 127.26% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Stockton bought 3,935 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 7,027 shares of the integrated oil company at the end of 2017Q3, valued at $643,000, up from 3,092 at the end of the previous reported quarter. Bank Of Stockton who had been investing in Phillips 66 for a number of months, seems to be bullish on the $53.69B market cap company. The stock increased 2.54% or $2.6 during the last trading session, reaching $104.97. About 1.85M shares traded or 6.66% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since January 14, 2017 and is uptrending. It has underperformed by 15.93% the S&P500.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 had 64 analyst reports since August 4, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, August 2 report. As per Monday, December 18, the company rating was upgraded by Goldman Sachs. The stock has “Overweight” rating by PiperJaffray on Thursday, May 25. Mizuho maintained Phillips 66 (NYSE:PSX) rating on Monday, February 6. Mizuho has “Buy” rating and $63 target. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) rating on Wednesday, October 18. RBC Capital Markets has “Hold” rating and $93.0 target. The rating was downgraded by Barclays Capital on Wednesday, July 13 to “Equal-Weight”. UBS maintained it with “Neutral” rating and $92 target in Wednesday, November 15 report. As per Tuesday, October 17, the company rating was maintained by Cowen & Co. The rating was maintained by Scotia Capital with “Buy” on Thursday, December 21. The rating was maintained by Piper Jaffray with “Neutral” on Monday, August 22.

Since September 19, 2017, it had 0 insider buys, and 2 sales for $373,204 activity.

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.07, from 0.85 in 2017Q2. It improved, as 40 investors sold PSX shares while 369 reduced holdings. 94 funds opened positions while 282 raised stakes. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Edgemoor Investment Advsr Incorporated stated it has 2,644 shares. Aristotle Capital Mngmt Ltd Llc reported 3.48 million shares. Segall Bryant Hamill Ltd holds 0.08% or 37,136 shares in its portfolio. Advisory Ser accumulated 3,013 shares. Cypress Capital Mgmt Ltd (Wy) has 0.11% invested in Phillips 66 (NYSE:PSX) for 1,050 shares. Proshare Advsr Ltd Com holds 0.08% of its portfolio in Phillips 66 (NYSE:PSX) for 92,563 shares. Alpine Woods Capital Ltd Llc stated it has 0.05% of its portfolio in Phillips 66 (NYSE:PSX). 16,099 were reported by Carroll Financial Assoc. Tompkins Finance Corporation invested in 0.04% or 1,747 shares. Exxonmobil Investment Management Tx has 0.18% invested in Phillips 66 (NYSE:PSX). Obermeyer Wood Investment Counsel Lllp has 6,098 shares for 0.05% of their portfolio. 2,302 are held by Liberty Management. Wellington Mgmt Grp Ltd Liability Partnership has invested 0.19% in Phillips 66 (NYSE:PSX). 24,294 are owned by Parallax Volatility Advisers Limited Partnership. 3,273 are held by Cwm Llc.

Bank Of Stockton, which manages about $219.34 million US Long portfolio, decreased its stake in Nike Inc. (NYSE:NKE) by 6,100 shares to 9,260 shares, valued at $480,000 in 2017Q3, according to the filing. It also reduced its holding in Guggenheim Midcap Pure Value (RFV) by 28,660 shares in the quarter, leaving it with 72,707 shares, and cut its stake in Guggenheim Midcap Pure Gr (RFG).

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.29, from 1.09 in 2017Q2. It dropped, as 31 investors sold ISBC shares while 71 reduced holdings. 29 funds opened positions while 53 raised stakes. 232.20 million shares or 2.38% more from 226.80 million shares in 2017Q2 were reported. Vaughan Nelson Mgmt Ltd Partnership stated it has 1.18% in Investors Bancorp, Inc. (NASDAQ:ISBC). Independent Investors holds 51,100 shares or 0.29% of its portfolio. Altfest L J And Co owns 42,839 shares or 0.28% of their US portfolio. Guggenheim Cap Limited Co invested 0.01% in Investors Bancorp, Inc. (NASDAQ:ISBC). Citigroup holds 4,671 shares. Pax Mgmt Llc holds 1.91% or 2.45M shares. Quantbot Techs LP reported 0.02% of its portfolio in Investors Bancorp, Inc. (NASDAQ:ISBC). Qs Ltd Com holds 0% of its portfolio in Investors Bancorp, Inc. (NASDAQ:ISBC) for 11,773 shares. Comml Bank Of Nova Scotia, Ontario – Canada-based fund reported 753,400 shares. Amer Incorporated holds 0.01% or 173,918 shares. Prudential Plc accumulated 12,200 shares. Moreover, Blackrock has 0.01% invested in Investors Bancorp, Inc. (NASDAQ:ISBC) for 17.16M shares. Eidelman Virant Capital owns 0.09% invested in Investors Bancorp, Inc. (NASDAQ:ISBC) for 11,000 shares. Moreover, Ameritas Ptnrs has 0.01% invested in Investors Bancorp, Inc. (NASDAQ:ISBC) for 22,769 shares. One Trading Ltd Partnership has 4,500 shares for 0% of their portfolio.

Among 11 analysts covering Investors Bancorp Inc (NASDAQ:ISBC), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Investors Bancorp Inc had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Thursday, November 30. The stock of Investors Bancorp, Inc. (NASDAQ:ISBC) has “Market Perform” rating given on Friday, October 30 by Wells Fargo. The firm earned “Buy” rating on Thursday, August 31 by Keefe Bruyette & Woods. As per Friday, January 29, the company rating was downgraded by Compass Point. Piper Jaffray upgraded the shares of ISBC in report on Friday, August 19 to “Overweight” rating. Barclays Capital downgraded the stock to “Underweight” rating in Tuesday, December 6 report. The stock has “Buy” rating by RBC Capital Markets on Friday, July 7. The firm has “Buy” rating given on Thursday, June 1 by Keefe Bruyette & Woods. The rating was downgraded by PiperJaffray to “Neutral” on Wednesday, November 29. Wood downgraded the shares of ISBC in report on Monday, October 30 to “Market Perform” rating.

Boston Partners, which manages about $53.18B and $80.93B US Long portfolio, upped its stake in Anadarko Pete Corp (NYSE:APC) by 2.76 million shares to 3.65 million shares, valued at $178.36M in 2017Q3, according to the filing. It also increased its holding in Slm Corp (NASDAQ:SLM) by 380,719 shares in the quarter, for a total of 30.61M shares, and has risen its stake in Team Inc (NYSE:TISI).

Analysts await Investors Bancorp, Inc. (NASDAQ:ISBC) to report earnings on January, 25. They expect $0.15 earnings per share, down 16.67% or $0.03 from last year’s $0.18 per share. ISBC’s profit will be $45.92M for 23.93 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Investors Bancorp, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>