Ppl (PPL) Stock Price Declined While Gradient Investments Has Raised Stake by $524,400; 683 Capital Management Lowered Holding in Banc Of California (BANC) by $7.51 Million as Stock Declined

May 24, 2018 - By wolcottdaily

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Gradient Investments Llc increased its stake in Ppl Corp (PPL) by 9.56% based on its latest 2017Q4 regulatory filing with the SEC. Gradient Investments Llc bought 17,480 shares as the company’s stock declined 10.38% with the market. The institutional investor held 200,416 shares of the central company at the end of 2017Q4, valued at $6.20 million, up from 182,936 at the end of the previous reported quarter. Gradient Investments Llc who had been investing in Ppl Corp for a number of months, seems to be bullish on the $20.92 billion market cap company. The stock increased 0.48% or $0.13 during the last trading session, reaching $27.44. About 5.39 million shares traded. PPL Corporation (NYSE:PPL) has declined 25.72% since May 24, 2017 and is downtrending. It has underperformed by 37.27% the S&P500.

683 Capital Management Llc decreased its stake in Banc Of California Inc (BANC) by 91.48% based on its latest 2017Q4 regulatory filing with the SEC. 683 Capital Management Llc sold 375,600 shares as the company’s stock declined 11.29% with the market. The hedge fund held 35,000 shares of the finance company at the end of 2017Q4, valued at $723,000, down from 410,600 at the end of the previous reported quarter. 683 Capital Management Llc who had been investing in Banc Of California Inc for a number of months, seems to be less bullish one the $986.60M market cap company. It closed at $19.5 lastly. It is down 9.16% since May 24, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

Gradient Investments Llc, which manages about $696.72M and $1.73B US Long portfolio, decreased its stake in Ishares Tr (HYG) by 3,880 shares to 356 shares, valued at $31,000 in 2017Q4, according to the filing. It also reduced its holding in Extra Space Storage Inc (NYSE:EXR) by 89,960 shares in the quarter, leaving it with 237 shares, and cut its stake in First Tr Exchange (FPE).

Another recent and important PPL Corporation (NYSE:PPL) news was published by Seekingalpha.com which published an article titled: “PPL Corporation 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018.

Among 14 analysts covering PPL Corporation (NYSE:PPL), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. PPL Corporation had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Sunday, September 24 by RBC Capital Markets. The stock of PPL Corporation (NYSE:PPL) earned “Hold” rating by Jefferies on Thursday, July 14. The rating was downgraded by Barclays Capital to “Equal-Weight” on Monday, June 27. The stock of PPL Corporation (NYSE:PPL) has “Neutral” rating given on Monday, June 26 by Goldman Sachs. Barclays Capital maintained PPL Corporation (NYSE:PPL) on Monday, July 18 with “Equalweight” rating. Deutsche Bank upgraded PPL Corporation (NYSE:PPL) on Friday, October 30 to “Buy” rating. The firm has “Buy” rating by Argus Research given on Thursday, December 31. The firm has “Neutral” rating by Bank of America given on Tuesday, November 22. The stock of PPL Corporation (NYSE:PPL) has “Hold” rating given on Sunday, October 29 by RBC Capital Markets. The firm has “Outperform” rating by Wolfe Research given on Wednesday, September 14.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.05, from 1.1 in 2017Q3. It increased, as 52 investors sold PPL shares while 213 reduced holdings. 79 funds opened positions while 226 raised stakes. 479.50 million shares or 0.01% less from 479.53 million shares in 2017Q3 were reported. Legal And General Grp Public Limited Co has 0.13% invested in PPL Corporation (NYSE:PPL). Jackson Wealth Mngmt Limited Liability Corporation owns 17,320 shares. Riggs Asset Managment invested 0.04% in PPL Corporation (NYSE:PPL). Hancock Com accumulated 25,404 shares. Mai Cap Mgmt accumulated 0.02% or 11,075 shares. Voya Limited Liability holds 0.02% or 354,425 shares in its portfolio. 203 were reported by Patten Grp Incorporated. Usca Ria Lc reported 0.69% in PPL Corporation (NYSE:PPL). Nomura accumulated 81,561 shares. Rampart Investment Mngmt Company Ltd Company invested 0.1% in PPL Corporation (NYSE:PPL). Strs Ohio reported 0.03% of its portfolio in PPL Corporation (NYSE:PPL). Jane Street Limited Liability Corporation reported 29,414 shares stake. Gemmer Asset Management Limited Liability Co stated it has 0.01% of its portfolio in PPL Corporation (NYSE:PPL). The Pennsylvania-based Wheatland Advsrs has invested 1.65% in PPL Corporation (NYSE:PPL). Nordea Inv Management Ab holds 0.04% of its portfolio in PPL Corporation (NYSE:PPL) for 589,644 shares.

Since February 1, 2018, it had 1 buy, and 1 sale for $63,612 activity. $449,612 worth of Banc of California, Inc. (NYSE:BANC) was sold by Grosvenor John C..

Among 12 analysts covering Banc of California (NYSE:BANC), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Banc of California had 30 analyst reports since November 9, 2015 according to SRatingsIntel. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, February 1 report. The rating was maintained by Keefe Bruyette & Woods on Thursday, September 28 with “Hold”. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 28. FBR Capital maintained the shares of BANC in report on Thursday, May 4 with “Outperform” rating. As per Tuesday, April 11, the company rating was upgraded by Wells Fargo. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 8 report. The stock of Banc of California, Inc. (NYSE:BANC) has “Buy” rating given on Friday, March 16 by Sandler O’Neill. The stock has “Buy” rating by UBS on Monday, May 23. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, February 26 report. The company was upgraded on Thursday, October 20 by DA Davidson.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.20, from 0.98 in 2017Q3. It turned negative, as 22 investors sold BANC shares while 66 reduced holdings. 26 funds opened positions while 43 raised stakes. 56.03 million shares or 5.95% less from 59.57 million shares in 2017Q3 were reported. Hennessy Advsr Inc holds 0.29% in Banc of California, Inc. (NYSE:BANC) or 465,000 shares. Indexiq invested in 0.05% or 68,062 shares. Trexquant Inv Lp accumulated 19,586 shares or 0.04% of the stock. Macquarie Grp Inc holds 0% or 400 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 16,487 shares. New York State Common Retirement Fund has invested 0.02% in Banc of California, Inc. (NYSE:BANC). Fsi Grp holds 0.06% in Banc of California, Inc. (NYSE:BANC) or 3,350 shares. Brandywine Global Invest Mngmt reported 157,696 shares stake. Ironwood Invest Management Limited Liability Company reported 79,164 shares. Qs has invested 0.04% in Banc of California, Inc. (NYSE:BANC). Ulysses Management Ltd holds 0.53% or 240,000 shares. Regions Corporation reported 91 shares. California-based Parallax Volatility Advisers Ltd Partnership has invested 0% in Banc of California, Inc. (NYSE:BANC). Citigroup stated it has 0% in Banc of California, Inc. (NYSE:BANC). Dimensional Fund Advsrs Lp holds 0.02% of its portfolio in Banc of California, Inc. (NYSE:BANC) for 2.37M shares.

683 Capital Management Llc, which manages about $566.08 million and $1.19 billion US Long portfolio, upped its stake in Trivago N V by 2.02M shares to 2.32 million shares, valued at $15.86M in 2017Q4, according to the filing. It also increased its holding in Kellogg Co (Put) (NYSE:K) by 100,000 shares in the quarter, for a total of 200,000 shares, and has risen its stake in Aldeyra Therapeutics Inc (NASDAQ:ALDX).

Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on July, 25. They expect $0.21 earnings per share, up 5.00% or $0.01 from last year’s $0.2 per share. BANC’s profit will be $10.62 million for 23.21 P/E if the $0.21 EPS becomes a reality. After $0.05 actual earnings per share reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts 320.00% EPS growth.

PPL Corporation (NYSE:PPL) Institutional Positions Chart

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