Baxter International (BAX) Holder John G Ullman & Associates Lowered Position by $1.44 Million as Stock Value Rose; As Credit Suisse Group Adr (CS) Valuation Declined, Amg National Trust Bank Has Upped Position by $317,662

May 18, 2018 - By Stephen Andrade

Credit Suisse Group AG (NYSE:CS) Logo

John G Ullman & Associates Inc decreased its stake in Baxter International Inc (BAX) by 22.66% based on its latest 2017Q4 regulatory filing with the SEC. John G Ullman & Associates Inc sold 22,431 shares as the company’s stock rose 0.23% while stock markets declined. The institutional investor held 76,577 shares of the medical and dental instruments company at the end of 2017Q4, valued at $4.95 million, down from 99,008 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $37.91 billion market cap company. The stock increased 0.20% or $0.14 during the last trading session, reaching $70.79. About 1.87 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 25.16% since May 18, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Amg National Trust Bank increased its stake in Credit Suisse Group Adr (CS) by 11.08% based on its latest 2017Q4 regulatory filing with the SEC. Amg National Trust Bank bought 18,686 shares as the company’s stock declined 7.85% with the market. The institutional investor held 187,315 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $3.34 million, up from 168,629 at the end of the previous reported quarter. Amg National Trust Bank who had been investing in Credit Suisse Group Adr for a number of months, seems to be bullish on the $42.62 billion market cap company. The stock decreased 0.69% or $0.115 during the last trading session, reaching $16.615. About 915,428 shares traded. Credit Suisse Group AG (NYSE:CS) has risen 14.88% since May 18, 2017 and is uptrending. It has outperformed by 3.33% the S&P500.

More news for Credit Suisse Group AG (NYSE:CS) were recently published by: Investorplace.com, which released: “Credit Suisse Group AG (ADR) Earnings Show It Has Turned a Corner” on April 25, 2018. Seekingalpha.com‘s article titled: “Big earnings turnaround for Credit Suisse” and published on April 25, 2018 is yet another important article.

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Credit Suisse Group Ag had 24 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Underweight” rating by JP Morgan given on Monday, June 27. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Thursday, November 10. The firm has “Buy” rating by Morgan Stanley given on Tuesday, June 20. JP Morgan upgraded the shares of CS in report on Thursday, December 8 to “Overweight” rating. The stock of Credit Suisse Group AG (NYSE:CS) has “Buy” rating given on Friday, January 22 by Benchmark. The stock of Credit Suisse Group AG (NYSE:CS) earned “Buy” rating by Societe Generale on Tuesday, September 12. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, February 17 report. JP Morgan initiated the shares of CS in report on Monday, June 26 with “Overweight” rating. Vetr upgraded Credit Suisse Group AG (NYSE:CS) rating on Wednesday, August 26. Vetr has “Hold” rating and $29.30 target. The stock has “Buy” rating by Deutsche Bank on Monday, June 19.

Amg National Trust Bank, which manages about $1.54B US Long portfolio, decreased its stake in Ishares (IYE) by 41,999 shares to 621,755 shares, valued at $24.65 million in 2017Q4, according to the filing. It also reduced its holding in Ppg (NYSE:PPG) by 3,641 shares in the quarter, leaving it with 3,633 shares, and cut its stake in Ishares (DVY).

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on July, 25. They expect $0.71 earnings per share, up 12.70% or $0.08 from last year’s $0.63 per share. BAX’s profit will be $380.19 million for 24.93 P/E if the $0.71 EPS becomes a reality. After $0.70 actual earnings per share reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts 1.43% EPS growth.

More recent Baxter International Inc. (NYSE:BAX) news were published by: Seekingalpha.com which released: “Baxter Is Quickly Rebuilding Its Solid Dividend” on May 17, 2018. Also Streetinsider.com published the news titled: “Baxter (BAX) Announces US FDA Clearance of New Spectrum IQ Infusion System” on May 14, 2018. Livetradingnews.com‘s news article titled: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” with publication date: May 18, 2018 was also an interesting one.

Among 21 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Baxter International had 60 analyst reports since July 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of BAX in report on Friday, April 28 with “Hold” rating. Barclays Capital maintained it with “Overweight” rating and $45.0 target in Tuesday, August 11 report. Deutsche Bank upgraded Baxter International Inc. (NYSE:BAX) rating on Tuesday, February 20. Deutsche Bank has “Buy” rating and $80.0 target. Stifel Nicolaus maintained it with “Hold” rating and $72 target in Monday, April 30 report. The firm earned “Neutral” rating on Tuesday, February 6 by Citigroup. Piper Jaffray initiated the shares of BAX in report on Thursday, May 17 with “Buy” rating. As per Wednesday, November 22, the company rating was maintained by RBC Capital Markets. Cantor Fitzgerald initiated Baxter International Inc. (NYSE:BAX) rating on Friday, June 30. Cantor Fitzgerald has “Overweight” rating and $70 target. RBC Capital Markets maintained Baxter International Inc. (NYSE:BAX) rating on Thursday, April 27. RBC Capital Markets has “Sector Perform” rating and $58 target. Leerink Swann maintained Baxter International Inc. (NYSE:BAX) rating on Wednesday, October 28. Leerink Swann has “Market Perform” rating and $42 target.

Investors sentiment is 0.97 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Cannell Peter B & Inc holds 73,310 shares or 0.16% of its portfolio. Amica Retiree Med stated it has 0.15% in Baxter International Inc. (NYSE:BAX). South Dakota-based Dorsey And Whitney Limited Liability Corporation has invested 0.72% in Baxter International Inc. (NYSE:BAX). Blume Cap Management Inc reported 900 shares. Moors Cabot Inc reported 0.48% stake. Intact Inv holds 0.01% in Baxter International Inc. (NYSE:BAX) or 3,500 shares. Catalyst Capital Advisors Limited Liability Co stated it has 1,340 shares. Virginia Retirement Et Al stated it has 525,300 shares or 0.4% of all its holdings. Jpmorgan Chase Co reported 3.00M shares or 0.04% of all its holdings. Heritage Investors Management Corp owns 47,734 shares or 0.19% of their US portfolio. Penobscot Investment Mngmt Incorporated owns 3,990 shares or 0.07% of their US portfolio. Perkins Cap Inc reported 3,500 shares. Altavista Wealth Management holds 6,092 shares. Gateway Inv Advisers Ltd Liability Corp invested 0.24% of its portfolio in Baxter International Inc. (NYSE:BAX). Cibc World Markets holds 0.01% or 22,462 shares.

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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