Banque Pictet & Cie Sa Lifted By $1.26 Million Its Amerisourcebergen (ABC) Stake; Shorts at AUSTRALIA &amp N Z BKG GRP ORD ORDINARY (ANEWF) Raised By 7.46%

April 26, 2018 - By Russell Anderson

Australia and New Zealand Banking Group Limited (OTCMKTS:ANEWF) Logo

Banque Pictet & Cie Sa increased Amerisourcebergen Corp (ABC) stake by 60.72% reported in 2017Q4 SEC filing. Banque Pictet & Cie Sa acquired 13,845 shares as Amerisourcebergen Corp (ABC)’s stock declined 9.14%. The Banque Pictet & Cie Sa holds 36,645 shares with $3.37 million value, up from 22,800 last quarter. Amerisourcebergen Corp now has $20.27 billion valuation. The stock increased 0.91% or $0.83 during the last trading session, reaching $92.26. About 496,062 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since April 26, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

AUSTRALIA &amp N Z BKG GRP ORD ORDINARY (OTCMKTS:ANEWF) had an increase of 7.46% in short interest. ANEWF’s SI was 2.64M shares in April as released by FINRA. Its up 7.46% from 2.46M shares previously. With 3,200 avg volume, 826 days are for AUSTRALIA &amp N Z BKG GRP ORD ORDINARY (OTCMKTS:ANEWF)’s short sellers to cover ANEWF’s short positions. The SI to AUSTRALIA &amp N Z BKG GRP ORD ORDINARY’s float is 0.09%. It closed at $20.91 lastly. It is down 0.00% since April 26, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Zacks given on Thursday, September 17. The firm earned “Buy” rating on Wednesday, February 7 by Credit Suisse. Jefferies maintained it with “Hold” rating and $9500 target in Thursday, July 27 report. The company was maintained on Wednesday, January 17 by Robert W. Baird. The firm has “Outperform” rating by Credit Suisse given on Tuesday, November 17. The rating was maintained by Bank of America with “Neutral” on Tuesday, June 7. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Buy” rating by Robert W. Baird on Friday, December 1. The rating was maintained by Needham with “Buy” on Wednesday, November 22. Robert W. Baird maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Monday, November 6. Robert W. Baird has “Buy” rating and $96.0 target. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Outperform” rating given on Thursday, October 5 by Robert W. Baird.

Banque Pictet & Cie Sa decreased Ishares Tr (EPOL) stake by 15,000 shares to 125,000 valued at $3.39 million in 2017Q4. It also reduced Zoetis Inc (NYSE:ZTS) stake by 12,000 shares and now owns 29,907 shares. Lilly Eli & Co (NYSE:LLY) was reduced too.

Australia and New Zealand Banking Group Limited, together with its subsidiaries, provides various banking and financial services and products to retail, high net worth, small business, corporate, commercial, and institutional customers. The company has market cap of $59.54 billion. The companyÂ’s Australia division provides retail services and products to consumer and private banking clients in Australia through the branch network, mortgage specialists, the contact center, and various self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and corporate and commercial banking services comprising asset financing through dedicated managers focusing on privately owned small, medium, and large enterprises, as well as the agricultural business segment. It has a 12.92 P/E ratio. The Company’s Institutional division provides working capital and liquidity solutions, including documentary trade, supply chain financing, cash management solutions, deposits, payments, and clearing; specialized loan structuring and execution, loan syndication, project and export finance, debt structuring and acquisition finance, structured asset finance, structured trade finance, and corporate advisory services; and risk management services on foreign exchange, interest rates, credit, commodities, debt capital markets, and wealth solutions.

AmerisourceBergen Corporation (NYSE:ABC) Ratings Chart

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