First Republic (FRC) Market Valuation Rose While Karp Capital Management Trimmed Holding; Strategic Wealth Advisors Groupinc Has Boosted Raytheon Co (RTN) Stake by $766,326

April 17, 2018 - By wolcottdaily

First Republic Bank (NYSE:FRC) Logo

Strategic Wealth Advisors Groupinc increased its stake in Raytheon Co (RTN) by 26.45% based on its latest 2017Q4 regulatory filing with the SEC. Strategic Wealth Advisors Groupinc bought 4,098 shares as the company’s stock rose 14.84% while stock markets declined. The institutional investor held 19,589 shares of the industrial machinery and components company at the end of 2017Q4, valued at $3.68M, up from 15,491 at the end of the previous reported quarter. Strategic Wealth Advisors Groupinc who had been investing in Raytheon Co for a number of months, seems to be bullish on the $65.42 billion market cap company. The stock increased 0.73% or $1.65 during the last trading session, reaching $226.74. About 71,918 shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since April 17, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Karp Capital Management Corp decreased its stake in First Republic (FRC) by 53.77% based on its latest 2017Q4 regulatory filing with the SEC. Karp Capital Management Corp sold 13,124 shares as the company’s stock rose 3.67% while stock markets declined. The institutional investor held 11,285 shares of the company at the end of 2017Q4, valued at $978,000, down from 24,409 at the end of the previous reported quarter. Karp Capital Management Corp who had been investing in First Republic for a number of months, seems to be less bullish one the $14.80B market cap company. The stock increased 0.26% or $0.24 during the last trading session, reaching $91.4. About 49,280 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since April 17, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Since January 2, 2018, it had 0 buys, and 19 selling transactions for $31.66 million activity. 9,589 shares were sold by Kremer Wesley D, worth $2.03 million on Wednesday, March 28. Another trade for 6,076 shares valued at $1.30 million was made by Kennedy Thomas A on Thursday, March 29. 12,951 shares were sold by Lawrence Taylor W, worth $2.80 million. Shares for $2.56M were sold by RHOADS REBECCA R. $2.25 million worth of Raytheon Company (NYSE:RTN) was sold by O’Brien Anthony F. Jimenez Frank R sold $2.12 million worth of Raytheon Company (NYSE:RTN) on Tuesday, February 13.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It turned negative, as 36 investors sold RTN shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported. Adirondack Trust Co accumulated 765 shares. Blair William And Il reported 142,533 shares. Neville Rodie Shaw holds 1,650 shares. Perigon Wealth Management Lc invested in 360 shares or 0.03% of the stock. Palisade Asset Mgmt Llc invested in 0.24% or 7,969 shares. Boston Prtn stated it has 0.42% of its portfolio in Raytheon Company (NYSE:RTN). Clifford Swan Inv Counsel Limited Liability Co invested in 1,970 shares or 0.02% of the stock. Smith Graham And Invest Advsrs LP has 0.66% invested in Raytheon Company (NYSE:RTN). Dimensional Fund Advsrs LP reported 794,050 shares. 11,208 were accumulated by Raymond James Tru Na. State Of Alaska Department Of Revenue invested 0.16% of its portfolio in Raytheon Company (NYSE:RTN). Woodley Farra Manion Port has invested 0.74% in Raytheon Company (NYSE:RTN). State Treasurer State Of Michigan has invested 0.13% in Raytheon Company (NYSE:RTN). Private Advisor Gp Ltd Liability Co stated it has 14,889 shares or 0.12% of all its holdings. Howard Capital, a New York-based fund reported 51,536 shares.

Strategic Wealth Advisors Groupinc, which manages about $955.83M US Long portfolio, decreased its stake in Bristol Myers Squibb Co (NYSE:BMY) by 18,196 shares to 20,967 shares, valued at $1.29M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (IWM) by 12,696 shares in the quarter, leaving it with 28,909 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 79 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, December 5 the stock rating was maintained by Deutsche Bank with “Hold”. RBC Capital Markets initiated it with “Outperform” rating and $180 target in Thursday, January 12 report. The company was maintained on Thursday, July 27 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Monday, November 30 by Barclays Capital. The firm earned “Buy” rating on Thursday, August 10 by Cowen & Co. The company was maintained on Monday, October 30 by Bernstein. Wells Fargo maintained it with “Buy” rating and $202.0 target in Tuesday, November 28 report. The rating was maintained by RBC Capital Markets with “Buy” on Friday, June 2. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Wednesday, November 15 with “Buy” rating.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on July, 13. They expect $1.15 EPS, up 8.49% or $0.09 from last year’s $1.06 per share. FRC’s profit will be $186.15M for 19.87 P/E if the $1.15 EPS becomes a reality. After $1.13 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 1.77% EPS growth.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 86 analyst reports since October 6, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, November 16 by Morgan Stanley. FBR Capital maintained it with “Mkt Perform” rating and $73 target in Friday, July 15 report. The stock has “Market Perform” rating by Wells Fargo on Monday, January 9. FBR Capital maintained it with “Outperform” rating and $105.0 target in Tuesday, January 17 report. The rating was maintained by Piper Jaffray on Tuesday, January 16 with “Hold”. On Thursday, December 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of First Republic Bank (NYSE:FRC) earned “Buy” rating by Jefferies on Monday, April 3. The firm has “Hold” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. The rating was maintained by Maxim Group on Monday, July 17 with “Buy”. The firm has “Buy” rating by Maxim Group given on Tuesday, January 17.

Karp Capital Management Corp, which manages about $168.02 million and $236.44 million US Long portfolio, upped its stake in Global X Lithium by 9,840 shares to 32,072 shares, valued at $1.24 million in 2017Q4, according to the filing. It also increased its holding in I Shares Dow Jones U.S. R.E. I (IYR) by 8,734 shares in the quarter, for a total of 42,411 shares, and has risen its stake in Powershares Dynamic Leisure & Entertainment Portfolio Etf (PEJ).

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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