finnCap Reaffirms a “Corporate” Rating on Lighthouse Group PLC (LON:LGT) and GBX 20.00 Target, Westwood Holdings Group Upped Allete (ALE) Holding By $726,720

July 18, 2017 - By Marie Mckinney

In a research note shared with investors and clients on 18 July, Lighthouse Group PLC (LON:LGT) stock “Corporate” was reiterated by finnCap. They currently have a GBX 20.00 PT on the stock. finnCap’s PT means a potential upside of 25.94% from the company’s previous close.

Westwood Holdings Group Inc increased Allete Inc (ALE) stake by 5.73% reported in 2016Q4 SEC filing. Westwood Holdings Group Inc acquired 11,355 shares as Allete Inc (ALE)’s stock rose 4.01%. The Westwood Holdings Group Inc holds 209,354 shares with $13.44M value, up from 197,999 last quarter. Allete Inc now has $3.60B valuation. The stock increased 0.38% or $0.27 on July 17, reaching $70.56. About shares traded. ALLETE Inc (NYSE:ALE) has risen 26.32% since July 18, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Among 5 analysts covering ALLETE Inc (NYSE:ALE), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. ALLETE Inc has $78 highest and $54 lowest target. $63’s average target is -10.71% below currents $70.56 stock price. ALLETE Inc had 9 analyst reports since October 15, 2015 according to SRatingsIntel. On Friday, November 4 the stock rating was initiated by Macquarie Research with “Neutral”. The firm has “Hold” rating given on Tuesday, March 29 by Williams Capital Group. Wunderlich downgraded ALLETE Inc (NYSE:ALE) on Monday, October 19 to “Hold” rating. The stock has “Underweight” rating by JP Morgan on Wednesday, March 30. The rating was initiated by Wells Fargo with “Market Perform” on Thursday, October 15. Williams Capital Group maintained the stock with “Buy” rating in Friday, April 21 report. Williams Capital Group maintained ALLETE Inc (NYSE:ALE) rating on Monday, June 19. Williams Capital Group has “Buy” rating and $78 target. The firm has “Buy” rating given on Tuesday, December 8 by Wunderlich.

Since May 9, 2017, it had 0 buys, and 1 sale for $139,340 activity. Another trade for 2,000 shares valued at $139,340 was sold by DeVinck Steven Q.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.39, from 1.44 in 2016Q3. It worsened, as 21 investors sold ALE shares while 76 reduced holdings. 34 funds opened positions while 68 raised stakes. 34.69 million shares or 1.00% less from 35.04 million shares in 2016Q3 were reported. Ahl Prns Llp owns 17,919 shares. Reilly Advsr Ltd holds 55 shares or 0% of its portfolio. Bancshares Of Montreal Can has invested 0% in ALLETE Inc (NYSE:ALE). Bank & Trust Of Ny Mellon Corp stated it has 845,847 shares. Valley Advisers Inc has 416 shares for 0.01% of their portfolio. California Public Employees Retirement Systems has 0.01% invested in ALLETE Inc (NYSE:ALE). First Trust Advisors Ltd Partnership reported 348,153 shares or 0.07% of all its holdings. Hudock Capital Lc owns 1,200 shares for 0.04% of their portfolio. New York State Teachers Retirement Sys stated it has 0.02% in ALLETE Inc (NYSE:ALE). 67,315 are held by Duff & Phelps Investment Mngmt Company. Natixis owns 5,356 shares. Allianz Asset Mngmt Ag invested 0.04% in ALLETE Inc (NYSE:ALE). Principal Fincl Grp accumulated 690,151 shares or 0.06% of the stock. 198,675 were accumulated by Eagle Asset Mgmt Incorporated. Victory Capital Mgmt reported 1.52M shares.

Westwood Holdings Group Inc decreased Schulman A Inc (NASDAQ:SHLM) stake by 339,265 shares to 1,575 valued at $53,000 in 2016Q4. It also reduced Columbia Bkg Sys Inc (NASDAQ:COLB) stake by 55,300 shares and now owns 320,285 shares. Home Bancshares Inc (NASDAQ:HOMB) was reduced too.

Lighthouse Group plc is a diverse financial advice firm in the United Kingdom. The company has market cap of 19.35 million GBP. The Company’s principal activities are the provision of financial advice to retail and corporate customers, and regulatory authorization to financial advisors operating from locations across the United Kingdom. It has a 7.61 P/E ratio. The Firm operates through three divisions, which include National, Network and Wealth management.

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