Snap On (SNA) Holding Lifted by Legal & General Group Plc; Quantitative Systematic Strategies Stake In Iberiabank (IBKC) Was Lifted

May 22, 2018 - By Adrian Mccoy

IBERIABANK Corporation (NASDAQ:IBKC) Logo

Quantitative Systematic Strategies Llc increased its stake in Iberiabank Corp (IBKC) by 160.26% based on its latest 2017Q4 regulatory filing with the SEC. Quantitative Systematic Strategies Llc bought 15,861 shares as the company’s stock declined 2.14% with the market. The institutional investor held 25,758 shares of the major banks company at the end of 2017Q4, valued at $2.00 million, up from 9,897 at the end of the previous reported quarter. Quantitative Systematic Strategies Llc who had been investing in Iberiabank Corp for a number of months, seems to be bullish on the $4.64 billion market cap company. The stock increased 1.20% or $0.98 during the last trading session, reaching $81.93. About 270,370 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has risen 2.51% since May 22, 2017 and is uptrending. It has underperformed by 9.04% the S&P500.

Legal & General Group Plc increased its stake in Snap On Inc (SNA) by 1.64% based on its latest 2017Q4 regulatory filing with the SEC. Legal & General Group Plc bought 5,099 shares as the company’s stock declined 16.21% with the market. The institutional investor held 315,555 shares of the industrial machinery and components company at the end of 2017Q4, valued at $55.00 million, up from 310,456 at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Snap On Inc for a number of months, seems to be bullish on the $8.70B market cap company. The stock decreased 0.57% or $0.88 during the last trading session, reaching $153.66. About 318,549 shares traded. Snap-on Incorporated (NYSE:SNA) has declined 11.24% since May 22, 2017 and is downtrending. It has underperformed by 22.79% the S&P500.

Quantitative Systematic Strategies Llc, which manages about $315.26 million and $394.18 million US Long portfolio, decreased its stake in Eli Lilly & Co (NYSE:LLY) by 5,876 shares to 9,528 shares, valued at $805,000 in 2017Q4, according to the filing. It also reduced its holding in Cintas Corp (NASDAQ:CTAS) by 12,559 shares in the quarter, leaving it with 1,841 shares, and cut its stake in Us Bancorp (NYSE:USB).

Investors sentiment decreased to 1.16 in 2017 Q4. Its down 0.22, from 1.38 in 2017Q3. It dived, as 29 investors sold IBKC shares while 65 reduced holdings. 38 funds opened positions while 71 raised stakes. 45.24 million shares or 7.84% more from 41.95 million shares in 2017Q3 were reported. Summit Fin Wealth Advsr Ltd Liability Co stated it has 0.25% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Ontario – Canada-based Royal National Bank Of Canada has invested 0.01% in IBERIABANK Corporation (NASDAQ:IBKC). Amalgamated State Bank invested in 0.01% or 6,781 shares. Harvey Cap Management reported 0.35% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Mufg Americas Hldgs accumulated 180 shares. Envestnet Asset Mgmt holds 0% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC) for 979 shares. Balyasny Asset Mngmt Limited Liability Corporation accumulated 475,789 shares. Principal Grp has invested 0% in IBERIABANK Corporation (NASDAQ:IBKC). Teacher Retirement System Of Texas has invested 0.01% in IBERIABANK Corporation (NASDAQ:IBKC). Morgan Stanley has invested 0% in IBERIABANK Corporation (NASDAQ:IBKC). Moreover, Zweig has 0.14% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 16,374 shares. Kennedy Mgmt stated it has 358,270 shares or 0.5% of all its holdings. Moreover, Cubist Systematic Strategies Limited Co has 0.01% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 3,063 shares. Susquehanna Group Llp holds 0% or 26,642 shares in its portfolio. Schwab Charles Invest owns 294,566 shares or 0.02% of their US portfolio.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. IberiaBank had 57 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, April 24. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned “Hold” rating by Jefferies on Friday, August 11. The stock of IBERIABANK Corporation (NASDAQ:IBKC) has “Buy” rating given on Monday, January 8 by Jefferies. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, January 29. Keefe Bruyette & Woods maintained the shares of IBKC in report on Monday, October 23 with “Buy” rating. Piper Jaffray downgraded the stock to “Neutral” rating in Thursday, January 7 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The rating was downgraded by Raymond James to “Outperform” on Thursday, October 27. The company was downgraded on Wednesday, March 1 by Piper Jaffray. The rating was maintained by SunTrust on Wednesday, December 20 with “Buy”.

More notable recent IBERIABANK Corporation (NASDAQ:IBKC) news were published by: Globenewswire.com which released: “Report: Exploring Fundamental Drivers Behind Reliance Steel & Aluminum, Goldman Sachs BDC, IBERIABANK …” on May 04, 2018, also Seekingalpha.com with their article: “IBERIABANK announces branch closures and consolidations” published on May 21, 2018, Streetinsider.com published: “IBERIABANK Corp. (IBKC) Approves 1.14M Share Buyback” on May 10, 2018. More interesting news about IBERIABANK Corporation (NASDAQ:IBKC) were released by: Streetinsider.com and their article: “IBERIABANK Corp. (IBKC) to Close or Consolidate 22 Branches” published on May 18, 2018 as well as Streetinsider.com‘s news article titled: “IBERIABANK Corp. (IBKC) Appoints Rosa Sugranes to Board” with publication date: May 09, 2018.

Since February 15, 2018, it had 0 buys, and 3 selling transactions for $16.44 million activity. Shares for $15.40 million were sold by KASSOUF THOMAS L. on Monday, February 26. $918,460 worth of Snap-on Incorporated (NYSE:SNA) was sold by Ward Thomas J.

Among 10 analysts covering Snap-on (NYSE:SNA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Snap-on had 33 analyst reports since August 20, 2015 according to SRatingsIntel. Robert W. Baird maintained Snap-on Incorporated (NYSE:SNA) on Tuesday, August 1 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $184.0 target in Friday, November 10 report. The stock of Snap-on Incorporated (NYSE:SNA) earned “Hold” rating by Jefferies on Thursday, July 6. The company was upgraded on Monday, October 23 by Barrington. The company was maintained on Thursday, October 5 by Robert W. Baird. The company was initiated on Tuesday, June 28 by CL King. Northcoast maintained Snap-on Incorporated (NYSE:SNA) rating on Monday, April 23. Northcoast has “Buy” rating and $17800 target. Robert W. Baird maintained it with “Buy” rating and $220.0 target in Monday, January 29 report. The stock has “Buy” rating by Oppenheimer on Sunday, June 11. The stock of Snap-on Incorporated (NYSE:SNA) has “Outperform” rating given on Wednesday, April 12 by Oppenheimer.

Legal & General Group Plc, which manages about $138.20 billion US Long portfolio, decreased its stake in Check Point Software Tech Lt (NASDAQ:CHKP) by 3,577 shares to 583,906 shares, valued at $60.51M in 2017Q4, according to the filing. It also reduced its holding in At&T Inc (NYSE:T) by 1.00 million shares in the quarter, leaving it with 37.86 million shares, and cut its stake in United Technologies Corp (NYSE:UTX).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.16, from 1.23 in 2017Q3. It worsened, as 44 investors sold SNA shares while 174 reduced holdings. 67 funds opened positions while 167 raised stakes. 69.02 million shares or 26.89% more from 54.39 million shares in 2017Q3 were reported. Thompson Siegel And Walmsley Limited Company has invested 0% in Snap-on Incorporated (NYSE:SNA). Synovus Fincl stated it has 3,953 shares or 0.01% of all its holdings. First Pacific Ltd Com holds 5,400 shares. Albert D Mason holds 9,130 shares. Peoples Fin Svcs invested in 47 shares or 0% of the stock. Colony Grp Ltd invested 0.09% of its portfolio in Snap-on Incorporated (NYSE:SNA). Olstein Mgmt Lp has invested 1.15% in Snap-on Incorporated (NYSE:SNA). Ngam Advsr LP holds 0.32% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 181,048 shares. Metropolitan Life Ins New York holds 0.02% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 9,162 shares. 271,064 are held by Century Companies. Kennedy Capital Mgmt Inc has invested 0.12% in Snap-on Incorporated (NYSE:SNA). Suntrust Banks Inc holds 0.06% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 59,869 shares. Lenox Wealth Advisors reported 23 shares stake. Creative Planning invested in 5,816 shares or 0% of the stock. Amalgamated State Bank has invested 0.06% in Snap-on Incorporated (NYSE:SNA).

IBERIABANK Corporation (NASDAQ:IBKC) Institutional Positions Chart

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