Earnest Partners Has Boosted Its Wesbanco (WSBC) Position; Global Payments Has 0.89 Sentiment

December 7, 2017 - By wolcottdaily

Earnest Partners Llc increased Wesbanco Inc (WSBC) stake by 0.78% reported in 2017Q2 SEC filing. Earnest Partners Llc acquired 11,643 shares as Wesbanco Inc (WSBC)’s stock declined 8.36%. The Earnest Partners Llc holds 1.51 million shares with $59.68 million value, up from 1.50M last quarter. Wesbanco Inc now has $1.81B valuation. The stock decreased 0.99% or $0.41 during the last trading session, reaching $41.1. About 54,100 shares traded. WesBanco, Inc. (NASDAQ:WSBC) has risen 18.72% since December 7, 2016 and is uptrending. It has outperformed by 2.02% the S&P500.

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. The company has market cap of $15.47 billion. It operates in three divisions: North America, Europe, and Asia-Pacific. It has a 75.4 P/E ratio. The companyÂ’s services include authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, on-line reporting, industry compliance, and payment card industry security services.

Investors sentiment increased to 1.32 in 2017 Q2. Its up 0.08, from 1.24 in 2017Q1. It is positive, as 14 investors sold WSBC shares while 39 reduced holdings. 20 funds opened positions while 50 raised stakes. 24.67 million shares or 0.34% less from 24.75 million shares in 2017Q1 were reported. First Advsrs Ltd Partnership owns 76,415 shares. Northern Trust owns 913,626 shares for 0.01% of their portfolio. Mcf Advsr Limited Liability has invested 0% of its portfolio in WesBanco, Inc. (NASDAQ:WSBC). California Employees Retirement Sys reported 54,216 shares or 0% of all its holdings. Victory Cap Management has 5,350 shares. Moreover, Pnc Finance Grp Incorporated has 0% invested in WesBanco, Inc. (NASDAQ:WSBC) for 19,029 shares. Bb&T invested 0.01% of its portfolio in WesBanco, Inc. (NASDAQ:WSBC). Sandy Spring Fincl Bank stated it has 1,000 shares. Invesco has invested 0% in WesBanco, Inc. (NASDAQ:WSBC). Lsv Asset Mgmt holds 338,511 shares. Northwestern Mutual Wealth Mngmt Company owns 0% invested in WesBanco, Inc. (NASDAQ:WSBC) for 5,695 shares. Envestnet Asset Mngmt Inc holds 9,308 shares. Oppenheimer Asset accumulated 0.03% or 29,070 shares. 18,362 are held by Voya Inv Mgmt Ltd. New York State Common Retirement Fund accumulated 456,426 shares.

Earnest Partners Llc decreased Amerisourceberge (NYSE:ABC) stake by 10,339 shares to 235,846 valued at $22.30 million in 2017Q2. It also reduced Everest Re Group (NYSE:RE) stake by 15,055 shares and now owns 652,941 shares. Total Sys Servs (NYSE:TSS) was reduced too.

Among 7 analysts covering Wesbanco Inc. (NASDAQ:WSBC), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Wesbanco Inc. had 16 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. FBR Capital downgraded the stock to “Market Perform” rating in Thursday, July 23 report. The firm earned “Hold” rating on Wednesday, June 7 by Boenning & Scattergood. As per Tuesday, August 11, the company rating was upgraded by Macquarie Research. The stock has “Hold” rating by Zacks on Friday, September 4. The company was upgraded on Friday, June 2 by DA Davidson. Sandler O’Neill downgraded the stock to “Hold” rating in Friday, October 20 report. The firm earned “Hold” rating on Tuesday, November 14 by FBR Capital. The firm has “Hold” rating given on Wednesday, July 19 by FBR Capital. The stock of WesBanco, Inc. (NASDAQ:WSBC) has “Mkt Perform” rating given on Thursday, January 28 by FBR Capital.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $13.74 million activity.

The stock increased 0.58% or $0.56 during the last trading session, reaching $97.19. About 1.63M shares traded or 51.20% up from the average. Global Payments Inc. (GPN) has risen 21.35% since December 7, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Ratings analysis reveals 78% of Global Payment’s analysts are positive. Out of 9 Wall Street analysts rating Global Payment, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $76.0 while the high is $88.0. The stock’s average target of $82.57 is -15.04% below today’s ($97.19) share price. GPN was included in 9 notes of analysts from September 9, 2016. The stock has “Buy” rating by Compass Point on Tuesday, November 15. The stock has “Buy” rating by Goldman Sachs on Thursday, September 15. The firm earned “Hold” rating on Friday, October 7 by Stifel Nicolaus. The firm has “Outperform” rating by Wedbush given on Friday, September 9. Barclays Capital maintained Global Payments Inc. (NYSE:GPN) rating on Friday, September 30. Barclays Capital has “Equal Weight” rating and $85.0 target. The rating was initiated by Guggenheim with “Buy” on Tuesday, December 20. The rating was maintained by RBC Capital Markets on Tuesday, January 10 with “Outperform”. The rating was initiated by Cantor Fitzgerald with “Overweight” on Friday, January 27. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, October 6 by Deutsche Bank.

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