Is SVB Financial Group (SIVB) Stock a Sell after Christopher Edmondswaters’s Insider Deal?; Luminus Management Cut Its Westar Energy (WR) Stake

May 17, 2018 - By Jerrie Dane

Westar Energy, Inc. (NYSE:WR) Logo

Luminus Management Llc decreased Westar Energy Inc (WR) stake by 12.68% reported in 2017Q4 SEC filing. Luminus Management Llc sold 65,019 shares as Westar Energy Inc (WR)’s stock declined 2.07%. The Luminus Management Llc holds 447,647 shares with $23.64M value, down from 512,666 last quarter. Westar Energy Inc now has $7.63 billion valuation. The stock decreased 0.45% or $0.24 during the last trading session, reaching $53.66. About 529,140 shares traded. Westar Energy, Inc. (NYSE:WR) has declined 4.31% since May 17, 2017 and is downtrending. It has underperformed by 15.86% the S&P500.

Analysts await Westar Energy, Inc. (NYSE:WR) to report earnings on August, 14. They expect $0.52 earnings per share, up 4.00% or $0.02 from last year’s $0.5 per share. WR’s profit will be $73.96M for 25.80 P/E if the $0.52 EPS becomes a reality. After $0.42 actual earnings per share reported by Westar Energy, Inc. for the previous quarter, Wall Street now forecasts 23.81% EPS growth.

Among 9 analysts covering Westar Energy (NYSE:WR), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Westar Energy has $60 highest and $39 lowest target. $53.71’s average target is 0.09% above currents $53.66 stock price. Westar Energy had 20 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Westar Energy, Inc. (NYSE:WR) has “Neutral” rating given on Wednesday, June 1 by Mizuho. JP Morgan maintained the stock with “Overweight” rating in Tuesday, April 10 report. The stock of Westar Energy, Inc. (NYSE:WR) has “Neutral” rating given on Friday, March 11 by JP Morgan. As per Tuesday, August 11, the company rating was upgraded by Zacks. The firm has “Hold” rating given on Wednesday, June 1 by Gabelli. The firm earned “Buy” rating on Monday, March 14 by Mizuho. The stock of Westar Energy, Inc. (NYSE:WR) has “Neutral” rating given on Thursday, October 8 by UBS. UBS maintained Westar Energy, Inc. (NYSE:WR) on Monday, January 25 with “Neutral” rating. On Tuesday, October 13 the stock rating was maintained by Argus Research with “Buy”. The firm has “Buy” rating by J.P. Morgan given on Tuesday, July 11.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.18, from 1.28 in 2017Q3. It fall, as 23 investors sold WR shares while 101 reduced holdings. 44 funds opened positions while 93 raised stakes. 101.58 million shares or 1.34% more from 100.24 million shares in 2017Q3 were reported. Highvista Strategies Ltd Liability Corporation accumulated 1.16% or 78,631 shares. Catawba Management Va reported 6,793 shares. California State Teachers Retirement Systems reported 241,883 shares stake. Tarbox Family Office Inc stated it has 37 shares or 0% of all its holdings. Old Republic reported 330,000 shares. 1.38 million were accumulated by Citadel Lc. Moreover, Magellan Asset Management Limited has 0.02% invested in Westar Energy, Inc. (NYSE:WR). Bokf Na owns 5,007 shares. 130 were accumulated by Baystate Wealth Lc. Morgan Stanley owns 1.06 million shares. Jnba Advsrs holds 0% of its portfolio in Westar Energy, Inc. (NYSE:WR) for 73 shares. Principal Finance Group accumulated 600,174 shares or 0.03% of the stock. Brandywine Global Inv Mgmt Limited Liability invested in 0.04% or 122,211 shares. Global X Limited Liability holds 6,481 shares. Ubs Asset Management Americas reported 567,624 shares stake.

More important recent Westar Energy, Inc. (NYSE:WR) news were published by: Globenewswire.com which released: “Westar Energy Announces 1st Quarter 2018 Results” on May 08, 2018, also Seekingalpha.com published article titled: “Westar’s (WR) CEO Mark Ruelle on Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “Westar Energy schedules conference call to discuss 1st quarter results” on April 18, 2018. More interesting news about Westar Energy, Inc. (NYSE:WR) was released by: Prnewswire.com and their article: “Technical Insights on Utilities Stocks — Public Service Enterprise, Vectren, Westar Energy, and FuelCell Energy” with publication date: May 08, 2018.

Since March 13, 2018, it had 0 buys, and 8 insider sales for $3.64 million activity. The insider SOMMA ANTHONY D sold $599,147. Banning Jerl L. sold $210,056 worth of stock or 4,000 shares. 29,500 shares were sold by RUELLE MARK A, worth $1.51M. Another trade for 5,000 shares valued at $250,608 was made by GREENWOOD GREG A on Thursday, March 15. 5,000 shares were sold by IRICK LARRY D, worth $252,800. $278,259 worth of Westar Energy, Inc. (NYSE:WR) shares were sold by AKIN BRUCE A.

Luminus Management Llc increased Spdr S&P 500 Etf Tr (Put) (SPY) stake by 1.15M shares to 1.55 million valued at $413.37 million in 2017Q4. It also upped Stantec Inc (NYSE:STN) stake by 1.04 million shares and now owns 2.01M shares. Aecom (NYSE:ACM) was raised too.

Svb Financial Group Head of Human Resources Christopher Edmondswaters on the 16-05-2018 unloaded a total of 2,314 shares of the Pinksheet-listed company worth around $738,504 USD. This is based on an average price per share of $319.1 USD. He also sold 3,663 shares with a total value of about $1,124,138 USD in the last month. Because it was a significant trade, it’s not likely to stay undiscovered one. Christopher Edmondswaters currently owns 6,274 shares or 0.01% of the Company’s total market cap.

SVB Financial Group, a diversified financial services company, provides various banking and financial services and products. The company has market cap of $17.06 billion. The Company’s Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit services and products comprising term loans, equipment loans, asset loans, revolving lines of credit, accounts-receivable lines of credit, capital call lines of credit, and credit cards; and payment and cash management services and products, including wire transfer and automated clearing house payment, bill pay, debit cards account analysis, and disbursement, as well as online and mobile banking services. It has a 35.01 P/E ratio. This segment also provides various loan and credit facilities; foreign exchange services; export, import, and standby letters of credit; investment services and solutions; investment advisory services; third party money market mutual funds and fixed-income securities; vineyard development loans and community development loans to clients in the wine industry; and equity valuation services to companies and venture capital/private equity firms, as well as invests in debt funds.

Since February 2, 2018, it had 0 insider buys, and 11 insider sales for $9.85 million activity. Another trade for 3,663 shares valued at $1.12M was made by Edmonds-Waters Christopher on Tuesday, May 1. BECKER GREGORY W had sold 4,500 shares worth $1.10 million. Another trade for 11,325 shares valued at $3.41M was made by Descheneaux Michael on Wednesday, May 2. Another trade for 1,175 shares valued at $297,007 was made by Cox Philip C on Friday, February 2. The insider DRAPER MICHELLE sold $624,854. $480,576 worth of SVB Financial Group (NASDAQ:SIVB) was sold by Husain Kamran F.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.21, from 0.98 in 2017Q3. It increased, as 30 investors sold SVB Financial Group shares while 133 reduced holdings. 75 funds opened positions while 119 raised stakes. 45.46 million shares or 9.47% less from 50.21 million shares in 2017Q3 were reported. Pillar Pacific Capital Mgmt Limited Liability Company holds 22,792 shares or 0.65% of its portfolio. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.1% invested in SVB Financial Group (NASDAQ:SIVB) for 36,994 shares. Bradley Foster & Sargent Ct has 6,780 shares for 0.06% of their portfolio. Sheets Smith Wealth Mngmt stated it has 2,012 shares. Hanseatic Mgmt Ser Inc has invested 0.99% in SVB Financial Group (NASDAQ:SIVB). 705,500 were accumulated by . Peddock Cap Advisors Ltd Liability Com stated it has 740 shares. Nordea Mgmt owns 1,664 shares or 0% of their US portfolio. Peloton Wealth Strategists accumulated 1.79% or 10,300 shares. Middleton And Incorporated Ma stated it has 0.32% of its portfolio in SVB Financial Group (NASDAQ:SIVB). State Street Corp, Massachusetts-based fund reported 2.43M shares. Mason Street Advsr Ltd Liability Corporation accumulated 25,984 shares. Commonwealth Bancorporation Of Aus invested in 522 shares or 0% of the stock. Cap Research reported 0.08% of its portfolio in SVB Financial Group (NASDAQ:SIVB). Rmb Management Ltd Liability invested 0.16% in SVB Financial Group (NASDAQ:SIVB).

More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Nasdaq.com which released: “Why SVB Financial Group, Exact Sciences, and Sprint Jumped Today” on April 27, 2018, also Seekingalpha.com with their article: “SVB Financial’s (SIVB) CEO Greg Becker on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018, Finance.Yahoo.com published: “Here’s Why SVB Financial Group Is Soaring Today” on April 28, 2018. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Mixed; Phillips 66 Earnings Beat Views” published on April 27, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: DMC Global Surges Following Q1 Results; Biglari Holdings Shares Plummet” with publication date: April 27, 2018.

Among 18 analysts covering SVB Financial Group (NASDAQ:SIVB), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. SVB Financial Group has $35000 highest and $125 lowest target. $279.82’s average target is -13.12% below currents $322.09 stock price. SVB Financial Group had 70 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, October 27 the stock rating was maintained by SunTrust with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $125 target in Friday, January 22 report. Sandler O’Neill maintained it with “Buy” rating and $28000 target in Thursday, March 29 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, March 24. The rating was maintained by Maxim Group with “Buy” on Monday, July 31. The stock has “Overweight” rating by Barclays Capital on Friday, October 9. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Hold” rating by Barclays Capital on Tuesday, January 2. The firm has “Buy” rating by DA Davidson given on Friday, August 28. The stock has “Buy” rating by Maxim Group on Monday, December 19. Jefferies maintained SVB Financial Group (NASDAQ:SIVB) on Friday, December 15 with “Buy” rating.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on July, 26. They expect $3.86 EPS, up 66.38% or $1.54 from last year’s $2.32 per share. SIVB’s profit will be $204.47 million for 20.86 P/E if the $3.86 EPS becomes a reality. After $3.63 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts 6.34% EPS growth.

Westar Energy, Inc. (NYSE:WR) Institutional Positions Chart