Victory Capital Management Has Cut Its Zions Bancorporation (ZION) Holding by $1.09 Million; Meridian Management Co Decreased Schlumberger LTD (SLB) Stake as Share Price Declined

April 17, 2018 - By Linda Rogers

Schlumberger Limited (NYSE:SLB) Logo

Victory Capital Management Inc decreased its stake in Zions Bancorporation (ZION) by 2.47% based on its latest 2017Q4 regulatory filing with the SEC. Victory Capital Management Inc sold 21,821 shares as the company’s stock rose 1.34% while stock markets declined. The institutional investor held 860,111 shares of the major banks company at the end of 2017Q4, valued at $43.72M, down from 881,932 at the end of the previous reported quarter. Victory Capital Management Inc who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.22B market cap company. The stock decreased 2.42% or $1.29 during the last trading session, reaching $52.02. About 1.35 million shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since April 17, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

Meridian Management Co decreased its stake in Schlumberger Ltd (SLB) by 27.17% based on its latest 2017Q4 regulatory filing with the SEC. Meridian Management Co sold 7,433 shares as the company’s stock declined 4.39% with the market. The institutional investor held 19,924 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $1.34 million, down from 27,357 at the end of the previous reported quarter. Meridian Management Co who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $95.52B market cap company. The stock increased 0.58% or $0.4 during the last trading session, reaching $68.92. About 4.60 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Meridian Management Co, which manages about $439.37M and $214.25M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHA) by 11,725 shares to 94,740 shares, valued at $6.61 million in 2017Q4, according to the filing.

Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. It worsened, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Eqis Capital accumulated 15,161 shares. Sand Hill Global Advsr Limited Liability owns 63,360 shares. Scotia Capital Inc has invested 0.05% of its portfolio in Schlumberger Limited (NYSE:SLB). Nwq Inv Mngmt Llc holds 427,416 shares. Massachusetts-based Liberty Mutual Grp Asset Inc has invested 0.11% in Schlumberger Limited (NYSE:SLB). Asset Strategies Inc holds 26,575 shares or 0.48% of its portfolio. Klingenstein Fields Ltd Liability Corp holds 0.92% in Schlumberger Limited (NYSE:SLB) or 372,588 shares. Ngam Advsrs L P, a Massachusetts-based fund reported 1.29M shares. 919,476 are owned by Gateway Inv Advisers Limited Co. Moreover, Investment Mngmt Of Virginia Ltd Llc has 1% invested in Schlumberger Limited (NYSE:SLB). Tiverton Asset Mgmt Limited Liability Co holds 129,986 shares or 0.55% of its portfolio. Millennium Management Lc invested 0.01% in Schlumberger Limited (NYSE:SLB). Texan Cap Mgmt holds 0.55% in Schlumberger Limited (NYSE:SLB) or 12,638 shares. Jupiter Asset Mgmt holds 0.07% or 37,889 shares. Private Wealth Advsr Inc reported 25,082 shares stake.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 20 before the open. They expect $0.38 EPS, up 52.00% or $0.13 from last year’s $0.25 per share. SLB’s profit will be $526.66M for 45.34 P/E if the $0.38 EPS becomes a reality. After $0.48 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -20.83% negative EPS growth.

Since October 24, 2017, it had 3 insider purchases, and 3 selling transactions for $6.93 million activity. $219,205 worth of stock was sold by SANDVOLD TORE I on Tuesday, October 24. Schorn Patrick bought $323,950 worth of stock. 25,000 shares valued at $1.96 million were sold by Guild Howard on Monday, January 22. Another trade for 75,000 shares valued at $5.91M was made by AYAT SIMON on Wednesday, January 24. KIBSGAARD PAAL had bought 10,000 shares worth $646,800.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) earned “Equal-Weight” rating by Barclays Capital on Wednesday, October 25. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Wednesday, April 4 by Jefferies. On Monday, October 23 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Piper Jaffray on Friday, October 20 with “Buy”. The firm has “Market Perform” rating given on Wednesday, October 11 by BMO Capital Markets. The stock of Schlumberger Limited (NYSE:SLB) earned “Overweight” rating by Atlantic Securities on Monday, January 22. As per Tuesday, April 3, the company rating was upgraded by SunTrust. BMO Capital Markets maintained Schlumberger Limited (NYSE:SLB) on Wednesday, June 21 with “Buy” rating. The firm earned “Outperform” rating on Monday, January 25 by Oppenheimer. On Wednesday, August 26 the stock rating was upgraded by Standpoint Research to “Hold”.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on April, 23 after the close. They expect $0.83 EPS, up 36.07% or $0.22 from last year’s $0.61 per share. ZION’s profit will be $163.11 million for 15.67 P/E if the $0.83 EPS becomes a reality. After $0.80 actual EPS reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 3.75% EPS growth.

Since December 8, 2017, it had 0 buys, and 12 insider sales for $4.31 million activity. 3,060 shares valued at $159,120 were sold by Linderman LeeAnne B on Tuesday, February 13. 1,059 shares were sold by BLACKFORD DAVID E, worth $60,098 on Friday, February 23. Hume Alexander sold $387,649 worth of Zions Bancorporation (NASDAQ:ZION) on Wednesday, January 31. Shares for $1.76M were sold by MCLEAN SCOTT J on Friday, February 23. Another trade for 1,250 shares valued at $67,844 was sold by LAURSEN THOMAS E. STEPHENS STEVEN DAN sold $389,577 worth of Zions Bancorporation (NASDAQ:ZION) on Monday, February 26.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.02, from 1.05 in 2017Q3. It increased, as 38 investors sold ZION shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. Korea Invest Corporation invested in 121,400 shares. Chevy Chase Tru Holdings reported 173,034 shares or 0.04% of all its holdings. Bnp Paribas Arbitrage owns 102,665 shares for 0.01% of their portfolio. Mcf Advsr Limited Co holds 0.01% in Zions Bancorporation (NASDAQ:ZION) or 886 shares. Adage Capital Ptnrs Grp Limited Liability Company accumulated 560,500 shares or 0.06% of the stock. Moreover, Raymond James Financial Advsrs has 0% invested in Zions Bancorporation (NASDAQ:ZION). Highlander Cap Ltd Llc invested 0.11% in Zions Bancorporation (NASDAQ:ZION). Hbk Sorce Advisory Lc reported 14,967 shares or 0.09% of all its holdings. Rnc Mngmt Ltd Liability, a California-based fund reported 4,000 shares. Third Avenue Mngmt Ltd Liability Co reported 559,625 shares or 1.37% of all its holdings. King Luther reported 1.41M shares stake. Prudential holds 0.02% in Zions Bancorporation (NASDAQ:ZION) or 279,439 shares. Renaissance Techs Ltd Liability Company accumulated 0.03% or 484,795 shares. 88,183 were accumulated by Toronto Dominion Financial Bank. National Pension Serv invested 0% in Zions Bancorporation (NASDAQ:ZION).

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation had 133 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, March 23 with “Hold”. On Tuesday, January 23 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Mkt Perform” rating by Bernstein on Wednesday, November 16. The company was maintained on Friday, September 15 by Jefferies. Barclays Capital maintained it with “Overweight” rating and $59 target in Friday, March 2 report. The rating was maintained by SunTrust with “Buy” on Tuesday, November 28. Robert W. Baird downgraded Zions Bancorporation (NASDAQ:ZION) on Monday, October 2 to “Underperform” rating. The rating was upgraded by Susquehanna on Tuesday, June 7 to “Positive”. On Tuesday, April 26 the stock rating was maintained by Macquarie Research with “Outperform”. The company was maintained on Thursday, September 7 by RBC Capital Markets.

Victory Capital Management Inc, which manages about $35.27 billion and $47.51B US Long portfolio, upped its stake in Genesco Inc (NYSE:GCO) by 9,744 shares to 552,829 shares, valued at $17.97 million in 2017Q4, according to the filing. It also increased its holding in Zoetis Inc (NYSE:ZTS) by 792,000 shares in the quarter, for a total of 1.06M shares, and has risen its stake in Lci Inds.

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart

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