First American Corporation (New (NYSE:FAF).
Fisher Asset Management, LLC reports that it bought 71,581 shares in quarter ending 06/30/2017 increasing its exposure to First American Corporation (New by 5.1%. Its stake stood at $66,129,000 an increase of $10,817,000 as of the end of the quarter.
Here are some other firms who have updated their holdings. As of the end of the quarter Clinton Group Inc had disposed of 8,209 shares trimming its position 22.2%. The value of the investment in (FAF) decreased from $1,357,000 to $1,132,000 decreasing 16.6% since the last quarter. Creative Planning bolstered its stake by buying 114 shares an increase of 5.3% from 03/31/2017 to 06/30/2017. Creative Planning owns 2,284 shares valued at $102,000. The value of the position overall is up by 20.0%.
As of quarter end Bank Of Montreal /can/ had bought a total of 10 shares growing its holdings by 0.2%. The value in dollars went from $216,000 to $246,000 a change of 13.9% quarter over quarter.
February 12 investment analysts at Barclays held the company rating at “Overweight” and lowered the price target to $41.00 from $43.00. On January 13, 2016 the stock rating was rated “Sell” in a report from Goldman Sachs a cut from the previous “Neutral” rating.
On October 26 Keefe Bruyette & Woods left the stock rating at “Market Perform” and moved down the price target from $40.00 to $39.00. On September 25 Piper Jaffray made no change to the stock rating of “Neutral” but moved down the price target to $42.00 from $43.00.
On July 16 the company was changed to a “Neutral” by Janney Capital which was a cut from the previous “Buy” rating. April 24 investment analysts at Barclays kept the stock rating at “Overweight” but raised the price expectation from $38.00 to $40.00.
In the market the company is trading up from yesterday’s close of $44.64. Additionally First American Corporation (New announced a dividend for shareholders that was paid on Thursday the 15th of June 2017. The dividend was $0.340 per share for the quarter or $1.36 annualized. The dividend yield was $3.06. The ex-dividend date was Tuesday the 6th of June 2017.
Shares of the company are trading at $45.22 a bit higher than $43.69, the 50 day moving average and marginally over the 200 day moving average of $39.93. The 50 day moving average was up by +3.50% whereas the 200 day average was up by +13.24%.
The company currently has a P/E ratio of 14.42 and the market cap is 5.00B. In the last earnings report the EPS was $3.14 and is estimated to be $3.27 for the current year with 110,530,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.97 with next year’s EPS anticipated to be $3.47.