Comerica Bank Position in Starwood Ppty Tr (STWD) Lowered by $1.69 Million; Palouse Capital Management Has Lowered Its Holding in Abbvie (ABBV) by $3.95 Million

February 23, 2018 - By Moses P. Lee

Palouse Capital Management Inc decreased its stake in Abbvie Inc (ABBV) by 39.99% based on its latest 2017Q3 regulatory filing with the SEC. Palouse Capital Management Inc sold 44,915 shares as the company’s stock rose 6.17% with the market. The institutional investor held 67,410 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.99 million, down from 112,325 at the end of the previous reported quarter. Palouse Capital Management Inc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $187.69B market cap company. The stock increased 0.54% or $0.6352 during the last trading session, reaching $118.1952. About 3.02M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 23, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Comerica Bank decreased its stake in Starwood Ppty Tr Inc (STWD) by 8.7% based on its latest 2017Q3 regulatory filing with the SEC. Comerica Bank sold 80,600 shares as the company’s stock declined 5.55% while stock markets rallied. The institutional investor held 845,963 shares of the consumer services company at the end of 2017Q3, valued at $18.15M, down from 926,563 at the end of the previous reported quarter. Comerica Bank who had been investing in Starwood Ppty Tr Inc for a number of months, seems to be less bullish one the $5.25 billion market cap company. The stock increased 1.10% or $0.22 during the last trading session, reaching $20.19. About 1.01M shares traded. Starwood Property Trust, Inc. (NYSE:STWD) has risen 8.65% since February 23, 2017 and is uptrending. It has underperformed by 8.05% the S&P500.

Among 10 analysts covering Starwood Property Trust Inc. (NYSE:STWD), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Starwood Property Trust Inc. had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Compass Point on Wednesday, October 25. FBR Capital maintained it with “Outperform” rating and $24 target in Tuesday, June 28 report. The rating was maintained by Credit Suisse with “Outperform” on Monday, September 26. On Thursday, September 14 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained Starwood Property Trust, Inc. (NYSE:STWD) on Wednesday, August 9 with “Buy” rating. The stock of Starwood Property Trust, Inc. (NYSE:STWD) earned “Neutral” rating by Compass Point on Monday, August 15. Bank of America downgraded the shares of STWD in report on Thursday, December 15 to “Neutral” rating. On Thursday, January 4 the stock rating was maintained by FBR Capital with “Buy”. The stock has “Outperform” rating by JMP Securities on Tuesday, December 1. The firm earned “Market Perform” rating on Wednesday, August 5 by Wells Fargo.

Analysts await Starwood Property Trust, Inc. (NYSE:STWD) to report earnings on February, 28 before the open. They expect $0.47 EPS, up 2.17% or $0.01 from last year’s $0.46 per share. STWD’s profit will be $122.31 million for 10.74 P/E if the $0.47 EPS becomes a reality. After $0.64 actual EPS reported by Starwood Property Trust, Inc. for the previous quarter, Wall Street now forecasts -26.56% negative EPS growth.

Since September 19, 2017, it had 0 buys, and 2 sales for $398,066 activity. Paniry Rina sold 6,867 shares worth $150,799.

Comerica Bank, which manages about $13.82B US Long portfolio, upped its stake in Becton Dickinson & Co (NYSE:BDX) by 3,985 shares to 92,076 shares, valued at $19.21 million in 2017Q3, according to the filing. It also increased its holding in Signature Bank (NASDAQ:SBNY) by 33,465 shares in the quarter, for a total of 78,998 shares, and has risen its stake in Genuine Parts Co (NYSE:GPC).

Investors sentiment is 1.09 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 47 investors sold STWD shares while 82 reduced holdings. only 41 funds opened positions while 100 raised stakes. 216.73 million shares or 2.27% more from 211.91 million shares in 2017Q2 were reported. Birch Run Capital LP reported 2.29% of its portfolio in Starwood Property Trust, Inc. (NYSE:STWD). Hm Payson And Company holds 0.01% or 10,000 shares. Nfc Invests Limited Liability Corporation has 602,583 shares for 4.49% of their portfolio. 1832 Asset Management Ltd Partnership reported 1.68 million shares. Naples Glob Llc reported 0.19% stake. Bancshares Of Ny Mellon Corp holds 2.58M shares. Penn Mutual Life Insur reported 1.33% in Starwood Property Trust, Inc. (NYSE:STWD). Brown Advisory Inc invested in 23,970 shares or 0% of the stock. Sandy Spring Savings Bank invested in 0% or 500 shares. Northwestern Mutual Wealth Mngmt Company holds 0% of its portfolio in Starwood Property Trust, Inc. (NYSE:STWD) for 1,000 shares. The Ontario – Canada-based Mackenzie Fin has invested 0.05% in Starwood Property Trust, Inc. (NYSE:STWD). Boston Family Office Limited Liability Com reported 0.09% in Starwood Property Trust, Inc. (NYSE:STWD). Massachusetts Svcs Com Ma holds 0.03% or 3.71M shares. Employees Retirement Association Of Colorado has 0.01% invested in Starwood Property Trust, Inc. (NYSE:STWD). Advsr Capital Ltd Liability Corp invested in 504,880 shares or 0.89% of the stock.

Since September 11, 2017, it had 0 insider purchases, and 6 insider sales for $25.71 million activity. Gosebruch Henry O sold $1.66M worth of stock. $14.07 million worth of stock was sold by Schumacher Laura J on Thursday, December 14. Shares for $8.57M were sold by RICHMOND TIMOTHY J.. Another trade for 992 shares valued at $119,351 was sold by Michael Robert A..

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It is negative, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Veritas Invest Management Llp stated it has 1,600 shares. Geller Family Office Svcs Ltd Liability Corp has invested 0.1% in AbbVie Inc. (NYSE:ABBV). Curbstone Fin Mgmt, New Hampshire-based fund reported 20,062 shares. Payden & Rygel stated it has 1.19% in AbbVie Inc. (NYSE:ABBV). State Treasurer State Of Michigan owns 0.49% invested in AbbVie Inc. (NYSE:ABBV) for 686,503 shares. Metropolitan Life Ins accumulated 0.46% or 828,461 shares. Old Natl Bancorporation In reported 1.27% of its portfolio in AbbVie Inc. (NYSE:ABBV). Bokf Na stated it has 135,933 shares or 0.35% of all its holdings. Eaton Vance Management has 0.71% invested in AbbVie Inc. (NYSE:ABBV). Leavell Inv invested in 0.75% or 68,206 shares. Telemus Ltd Llc invested in 28,477 shares or 0.4% of the stock. Alps Advsrs reported 542,883 shares or 0.34% of all its holdings. Mason Street Advsr Ltd Llc holds 0.48% or 221,290 shares in its portfolio. Kingfisher Capital Limited Liability Company reported 8,950 shares or 0.53% of all its holdings. Loudon Investment Limited Liability invested 2.34% of its portfolio in AbbVie Inc. (NYSE:ABBV).

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Friday, January 26 report. On Friday, June 10 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of AbbVie Inc. (NYSE:ABBV) has “Buy” rating given on Thursday, September 28 by Piper Jaffray. The stock of AbbVie Inc. (NYSE:ABBV) earned “Buy” rating by Jefferies on Friday, July 14. Leerink Swann downgraded AbbVie Inc. (NYSE:ABBV) on Monday, January 29 to “Hold” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Wednesday, June 8. As per Friday, July 28, the company rating was maintained by Cowen & Co. Jefferies maintained it with “Buy” rating and $120.0 target in Thursday, January 4 report. Atlantic Securities initiated the shares of ABBV in report on Friday, December 18 with “Neutral” rating. The stock of AbbVie Inc. (NYSE:ABBV) earned “Buy” rating by TheStreet on Tuesday, August 11.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on April, 26. They expect $1.78 earnings per share, up 39.06% or $0.50 from last year’s $1.28 per share. ABBV’s profit will be $2.83B for 16.60 P/E if the $1.78 EPS becomes a reality. After $1.48 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 20.27% EPS growth.

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By1 Moses P. Lee

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