Timessquare Capital Management Llc Increased Pacwest Bancorp. (PACW) Stake by $19.94 Million; Blackrock Enhanced Equity Dividend Trust (BDJ)’s Sentiment Is 1.69

May 18, 2018 - By Hazel Jackson

Timessquare Capital Management Llc increased Pacwest Bancorp. (NASDAQ:PACW) stake by 37.74% reported in 2018Q1 SEC filing. Timessquare Capital Management Llc acquired 406,889 shares as Pacwest Bancorp. (NASDAQ:PACW)’s stock declined 3.81%. The Timessquare Capital Management Llc holds 1.48M shares with $73.55 million value, up from 1.08 million last quarter. Pacwest Bancorp. now has $6.85B valuation. The stock increased 0.61% or $0.33 during the last trading session, reaching $54.71. About 1.13 million shares traded or 33.91% up from the average. PacWest Bancorp (NASDAQ:PACW) has declined 4.60% since May 18, 2017 and is downtrending. It has underperformed by 16.15% the S&P500.

Blackrock Enhanced Equity Dividend Trust (BDJ) investors sentiment increased to 1.69 in Q4 2017. It’s up 0.62, from 1.07 in 2017Q3. The ratio has improved, as 59 investment managers started new and increased stock positions, while 35 decreased and sold their holdings in Blackrock Enhanced Equity Dividend Trust. The investment managers in our database now hold: 29.74 million shares, down from 30.76 million shares in 2017Q3. Also, the number of investment managers holding Blackrock Enhanced Equity Dividend Trust in top ten stock positions increased from 0 to 1 for an increase of 1. Sold All: 12 Reduced: 23 Increased: 37 New Position: 22.

Among 14 analysts covering Pacwest Bancorp (NASDAQ:PACW), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Pacwest Bancorp had 48 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Hold” rating by FBR Capital on Monday, January 22. The firm has “Outperform” rating given on Thursday, March 24 by Wood. The company was maintained on Thursday, January 18 by Piper Jaffray. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Buy” rating by Stephens on Friday, July 14. Keefe Bruyette & Woods maintained it with “Buy” rating and $54.0 target in Monday, September 18 report. The company was maintained on Friday, January 19 by Stephens. The rating was maintained by Keefe Bruyette & Woods on Monday, August 14 with “Buy”. The company was maintained on Thursday, January 18 by Sandler O’Neill. The stock has “Buy” rating by DA Davidson on Thursday, September 7. On Thursday, November 30 the stock rating was maintained by Raymond James with “Hold”.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.85 billion. The firm accepts demand, money market, and time deposits. It has a 18.81 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

Timessquare Capital Management Llc decreased Global Payments Inc (NYSE:GPN) stake by 1.00 million shares to 2.04M valued at $227.79 million in 2018Q1. It also reduced Electronic Arts Inc. (NASDAQ:EA) stake by 97,115 shares and now owns 631,300 shares. Gartner Inc (NYSE:IT) was reduced too.

Timessquare Capital Management Llc is a New York-based institutional investor with more than $20.35 billion AUM in March, 2014. Taken from Timessquare Capital Management latest Adv, the fund reported to have 44 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.13, from 1.31 in 2017Q3. It improved, as 35 investors sold PACW shares while 84 reduced holdings. 45 funds opened positions while 126 raised stakes. 107.44 million shares or 2.56% more from 104.75 million shares in 2017Q3 were reported. Prudential Fincl has invested 0.08% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Ledyard Savings Bank owns 199,918 shares. Principal Financial Gru Incorporated reported 3.67M shares stake. Dimensional Fund Advsrs L P stated it has 0.07% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Cap Fincl Advisers Llc, California-based fund reported 32,321 shares. Channing Cap Mgmt Ltd Llc reported 275,742 shares. 179,223 were reported by Guggenheim. 105,001 are held by Family. Bancorp Of Ny Mellon Corporation accumulated 2.10 million shares or 0.03% of the stock. Stifel holds 0% in PacWest Bancorp (NASDAQ:PACW) or 23,823 shares. Neuberger Berman Ltd Liability has 0.11% invested in PacWest Bancorp (NASDAQ:PACW). Blackrock Inc has invested 0.03% in PacWest Bancorp (NASDAQ:PACW). Us State Bank De accumulated 31,924 shares. Atlantic Tru Ltd Liability Corp reported 0% stake. Smith Graham And Invest Advisors Lp holds 148,123 shares or 0.7% of its portfolio.

The stock decreased 1.08% or $0.1 during the last trading session, reaching $9.14. About 508,547 shares traded or 7.60% up from the average. BlackRock Enhanced Equity Dividend Trust (BDJ) has risen 3.60% since May 18, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The company has market cap of $1.72 billion. The fund is managed by BlackRock Advisors, LLC. It has a 6.88 P/E ratio. It invests in the public equity markets of the United States.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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