Decatur Capital Management Has Cut Aetna (AET) Holding; Ulysses Management Cut Bank Of California (BANC) Position By $4.60 Million

May 18, 2018 - By Matthew Harris

Aetna Inc. (NYSE:AET) Logo

Ulysses Management Llc decreased Bank Of California (BANC) stake by 48.94% reported in 2017Q4 SEC filing. Ulysses Management Llc sold 230,000 shares as Bank Of California (BANC)’s stock declined 11.29%. The Ulysses Management Llc holds 240,000 shares with $4.96M value, down from 470,000 last quarter. Bank Of California now has $952.32M valuation. The stock increased 0.13% or $0.03 during the last trading session, reaching $18.83. About 136,975 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since May 18, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

Decatur Capital Management Inc decreased Aetna (AET) stake by 13.59% reported in 2017Q4 SEC filing. Decatur Capital Management Inc sold 11,425 shares as Aetna (AET)’s stock declined 6.45%. The Decatur Capital Management Inc holds 72,625 shares with $13.10M value, down from 84,050 last quarter. Aetna now has $57.84 billion valuation. The stock decreased 0.11% or $0.2 during the last trading session, reaching $176.83. About 283,938 shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since May 18, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Another recent and important Aetna Inc. (NYSE:AET) news was published by Streetinsider.com which published an article titled: “Aetna (AET) Trump Proposal Unlikely To Impact Managed Care – Cantor Fitzgerald” on May 14, 2018.

Among 24 analysts covering Aetna (NYSE:AET), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Aetna had 75 analyst reports since July 30, 2015 according to SRatingsIntel. Bernstein downgraded Aetna Inc. (NYSE:AET) on Monday, November 14 to “Mkt Perform” rating. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, May 16. The rating was maintained by Jefferies on Thursday, August 3 with “Hold”. The firm earned “Neutral” rating on Friday, April 8 by Cleveland. RBC Capital Markets maintained it with “Buy” rating and $16200 target in Monday, July 10 report. Bernstein initiated Aetna Inc. (NYSE:AET) on Thursday, June 16 with “Outperform” rating. Cowen & Co maintained it with “Buy” rating and $17000 target in Thursday, July 13 report. The company was maintained on Monday, May 14 by Credit Suisse. Credit Suisse initiated Aetna Inc. (NYSE:AET) on Friday, November 3 with “Hold” rating. The stock of Aetna Inc. (NYSE:AET) earned “Buy” rating by Cowen & Co on Friday, May 26.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on August, 2. They expect $3.12 earnings per share, down 8.77% or $0.30 from last year’s $3.42 per share. AET’s profit will be $1.02B for 14.17 P/E if the $3.12 EPS becomes a reality. After $3.19 actual earnings per share reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -2.19% negative EPS growth.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.08, from 0.91 in 2017Q3. It dived, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. Ifc Holdings Fl reported 2,545 shares or 0.03% of all its holdings. Clarivest Asset Limited Liability has invested 0.91% in Aetna Inc. (NYSE:AET). Oak Ridge Invests Ltd Liability Corp owns 44,553 shares. Pittenger Anderson Inc has invested 0.29% of its portfolio in Aetna Inc. (NYSE:AET). Private Advisor Group Inc Ltd Liability has invested 0.08% of its portfolio in Aetna Inc. (NYSE:AET). Orbimed Advsrs Limited Liability invested 1.02% of its portfolio in Aetna Inc. (NYSE:AET). Westwood Grp Inc has invested 0.36% of its portfolio in Aetna Inc. (NYSE:AET). Meiji Yasuda Asset Mgmt Commerce Limited has invested 0.27% of its portfolio in Aetna Inc. (NYSE:AET). Violich Mgmt Inc holds 3.23% in Aetna Inc. (NYSE:AET) or 70,330 shares. Kistler holds 1,739 shares. The Switzerland-based Banque Pictet And Cie has invested 0.15% in Aetna Inc. (NYSE:AET). Scotia stated it has 0.06% of its portfolio in Aetna Inc. (NYSE:AET). Natl Bank Of Nova Scotia holds 0.16% of its portfolio in Aetna Inc. (NYSE:AET) for 191,436 shares. Motco reported 0% in Aetna Inc. (NYSE:AET). Moreover, Ledyard Financial Bank has 0.02% invested in Aetna Inc. (NYSE:AET).

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. Wood downgraded the stock to “Market Perform” rating in Friday, May 5 report. On Friday, July 1 the stock rating was initiated by FBR Capital with “Mkt Perform”. The stock has “Underperform” rating by Bank of America on Friday, April 6. As per Monday, August 28, the company rating was maintained by Keefe Bruyette & Woods. FBR Capital upgraded it to “Outperform” rating and $22 target in Thursday, January 26 report. The stock of Banc of California, Inc. (NYSE:BANC) has “Hold” rating given on Monday, June 5 by Keefe Bruyette & Woods. As per Thursday, October 20, the company rating was upgraded by DA Davidson. The company was maintained on Thursday, October 20 by FBR Capital. Keefe Bruyette & Woods maintained the shares of BANC in report on Thursday, March 15 with “Hold” rating. Keefe Bruyette & Woods maintained Banc of California, Inc. (NYSE:BANC) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $22.0 target.

More notable recent Banc of California, Inc. (NYSE:BANC) news were published by: Prnewswire.com which released: “Banc of California Announces Quarterly Dividends” on April 29, 2018, also Prnewswire.com with their article: “Banc of California to Present at DA Davidson Financial Institutions Conference on May 9, 2018” published on May 07, 2018, Seekingalpha.com published: “Banc of California’s (BANC) CEO Doug Bowers on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018. More interesting news about Banc of California, Inc. (NYSE:BANC) were released by: Globenewswire.com and their article: “Investor Expectations to Drive Momentum within Banc of California, Alarm, Consolidated Edison, Summit Midstream …” published on April 23, 2018 as well as Prnewswire.com‘s news article titled: “Banc of California Announces Schedule of First Quarter 2018 Earnings Release and Conference Call” with publication date: April 20, 2018.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.20, from 0.98 in 2017Q3. It dropped, 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. Wellington Gru Llp, Massachusetts-based fund reported 4.88M shares. Boston Ltd Liability Company holds 0.1% of its portfolio in Banc of California, Inc. (NYSE:BANC) for 228,383 shares. 9,387 are held by First Mercantile Trust. Glenmede Tru Com Na reported 146 shares. Moreover, Virginia Retirement System Et Al has 0.01% invested in Banc of California, Inc. (NYSE:BANC) for 35,600 shares. Parametric Portfolio Associate Ltd Com has 0% invested in Banc of California, Inc. (NYSE:BANC). Schwab Charles Investment Mngmt has invested 0% in Banc of California, Inc. (NYSE:BANC). Maltese Llc owns 860,141 shares for 1.34% of their portfolio. Forest Hill Capital has 670,673 shares for 3.92% of their portfolio. Vertex One Asset Mgmt reported 0.13% in Banc of California, Inc. (NYSE:BANC). Deutsche Bancorporation Ag reported 145,777 shares. Moreover, Guggenheim Lc has 0% invested in Banc of California, Inc. (NYSE:BANC) for 22,963 shares. Tower Rech Cap Lc (Trc) has invested 0.01% of its portfolio in Banc of California, Inc. (NYSE:BANC). Fsi Ltd Liability Com owns 3,350 shares. Us Retail Bank De invested 0% of its portfolio in Banc of California, Inc. (NYSE:BANC).

Ulysses Management Llc increased Ericsson (NASDAQ:ERIC) stake by 150,000 shares to 1.75M valued at $11.69M in 2017Q4. It also upped Comcast Corp. Cl A (Call) (NASDAQ:CMCSA) stake by 320,000 shares and now owns 400,000 shares. Liberty Interactive Corp (NASDAQ:QVCA) was raised too.

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 22.42 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.

Since February 1, 2018, it had 1 buying transaction, and 0 selling transactions for $386,000 activity. $386,000 worth of stock was bought by Bogler John A. on Thursday, February 1.

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