Dnb Asset Management As Has Boosted Targa Resources (TRGP) Position; Regional Management Corp. (RM) Covered By 2 Bulls

April 17, 2018 - By rebbecca

Dnb Asset Management As increased Targa Resources Corp (TRGP) stake by 8.21% reported in 2017Q4 SEC filing. Dnb Asset Management As acquired 1,700 shares as Targa Resources Corp (TRGP)’s stock declined 3.67%. The Dnb Asset Management As holds 22,400 shares with $1.08B value, up from 20,700 last quarter. Targa Resources Corp now has $10.21 billion valuation. The stock increased 3.19% or $1.44 during the last trading session, reaching $46.64. About 1.98M shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 20.04% since April 17, 2017 and is downtrending. It has underperformed by 31.59% the S&P500.

Among 7 analysts covering Regional Management Corporation (NYSE:RM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Regional Management Corporation had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Stephens maintained Regional Management Corp. (NYSE:RM) on Wednesday, January 3 with “Hold” rating. The firm has “Buy” rating given on Friday, March 23 by Jefferies. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, November 18. The firm has “Hold” rating given on Tuesday, February 13 by Keefe Bruyette & Woods. As per Wednesday, January 10, the company rating was maintained by Jefferies. Jefferies upgraded Regional Management Corp. (NYSE:RM) rating on Wednesday, September 23. Jefferies has “Buy” rating and $21 target. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. The stock has “Market Outperform” rating by JMP Securities on Tuesday, June 13. Wood maintained Regional Management Corp. (NYSE:RM) rating on Wednesday, April 12. Wood has “Hold” rating and $22 target. See Regional Management Corp. (NYSE:RM) latest ratings:

08/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $35.0000 Maintain
23/03/2018 Broker: Jefferies Rating: Buy New Target: $38.0000 Maintain
13/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.0 Maintain
10/01/2018 Broker: Jefferies Rating: Buy New Target: $33.0 Maintain
03/01/2018 Broker: Stephens Rating: Hold New Target: $30.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $27.0 Maintain
09/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $25.0 Maintain

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources has $110 highest and $24 lowest target. $56.18’s average target is 20.45% above currents $46.64 stock price. Targa Resources had 86 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup on Thursday, November 2 to “Buy”. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Credit Suisse given on Thursday, May 25. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, January 17. RBC Capital Markets maintained Targa Resources Corp. (NYSE:TRGP) rating on Thursday, November 3. RBC Capital Markets has “Outperform” rating and $52 target. On Thursday, June 22 the stock rating was maintained by Jefferies with “Hold”. Citigroup maintained it with “Buy” rating and $55 target in Tuesday, February 6 report. Robert W. Baird maintained the stock with “Buy” rating in Thursday, September 14 report. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Buy” rating by Stifel Nicolaus on Thursday, October 5. Wells Fargo downgraded Targa Resources Corp. (NYSE:TRGP) rating on Tuesday, November 7. Wells Fargo has “Hold” rating and $49.0 target.

Dnb Asset Management As decreased Cigna Corp (NYSE:CI) stake by 28,200 shares to 74,759 valued at $15.18 billion in 2017Q4. It also reduced Nike Inc (NYSE:NKE) stake by 181,468 shares and now owns 374,449 shares. Aptiv Plc was reduced too.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.19, from 1.24 in 2017Q3. It is negative, as 31 investors sold TRGP shares while 119 reduced holdings. 45 funds opened positions while 112 raised stakes. 193.64 million shares or 5.92% more from 182.82 million shares in 2017Q3 were reported. Gulf Retail Bank (Uk) Ltd holds 73,715 shares. 148 are owned by Korea Invest. Boothbay Fund Limited Liability Corporation owns 0.04% invested in Targa Resources Corp. (NYSE:TRGP) for 5,544 shares. Mitsubishi Ufj And Bk owns 490,049 shares or 0.04% of their US portfolio. Caisse De Depot Et Placement Du Quebec has invested 0.01% in Targa Resources Corp. (NYSE:TRGP). First Tru Advsrs Ltd Partnership reported 0% stake. Pointstate Cap Limited Partnership holds 4.61 million shares. Raymond James Fincl Svcs owns 0.05% invested in Targa Resources Corp. (NYSE:TRGP) for 151,017 shares. Glg Lc holds 0.03% or 8,853 shares. Starr Int Incorporated invested in 83,057 shares or 0.36% of the stock. Advsr Capital Management Ltd Liability holds 0.83% in Targa Resources Corp. (NYSE:TRGP) or 217,528 shares. Cbre Clarion Secs Lc stated it has 48,996 shares. Bollard Group Ltd Liability reported 2,590 shares. Profund Advsr Limited Liability Corporation holds 0.02% or 8,818 shares in its portfolio. Guyasuta Invest Advisors Incorporated holds 0.02% or 4,360 shares in its portfolio.

Since December 29, 2017, it had 2 insider purchases, and 2 sales for $523,598 activity. BASSWOOD CAPITAL MANAGEMENT – L.L.C. had sold 25,962 shares worth $715,370 on Friday, January 19. Campos Roel C bought $74,912 worth of stock or 2,400 shares. Taggart Daniel J. also sold $97,440 worth of Regional Management Corp. (NYSE:RM) shares.

The stock increased 2.01% or $0.65 during the last trading session, reaching $33. About 37,733 shares traded. Regional Management Corp. (NYSE:RM) has risen 60.49% since April 17, 2017 and is uptrending. It has outperformed by 48.94% the S&P500.

Investors sentiment increased to 1.12 in Q4 2017. Its up 0.25, from 0.87 in 2017Q3. It improved, as 2 investors sold Regional Management Corp. shares while 31 reduced holdings. 13 funds opened positions while 24 raised stakes. 10.32 million shares or 2.46% more from 10.07 million shares in 2017Q3 were reported. Massachusetts Fincl Company Ma invested in 45,429 shares. Wedge Cap Management L Ltd Partnership Nc invested in 0.01% or 59,800 shares. Envestnet Asset Mngmt Inc holds 0% in Regional Management Corp. (NYSE:RM) or 86 shares. Bnp Paribas Arbitrage Sa, New York-based fund reported 3,521 shares. Pacific Mngmt invested in 0.47% or 82,075 shares. American holds 0% in Regional Management Corp. (NYSE:RM) or 6,872 shares. 637,299 are held by Lsv Asset Mngmt. Meeder Asset Mngmt Inc holds 465 shares or 0% of its portfolio. Ameritas Incorporated has invested 0% in Regional Management Corp. (NYSE:RM). Los Angeles Cap Mgmt Equity Research Inc has 8,951 shares for 0% of their portfolio. 8,489 were accumulated by Manufacturers Life Ins Company The. Moreover, Rhumbline Advisers has 0% invested in Regional Management Corp. (NYSE:RM). Wells Fargo & Mn holds 35,812 shares or 0% of its portfolio. Tower Ltd Llc (Trc) holds 309 shares or 0% of its portfolio. State Street Corporation accumulated 190,780 shares.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart