First American Corporation (New (NYSE:FAF).
Fisher Asset Management, LLC bought 71,581 shares in the previous quarter increasing its holdings in First American Corporation (New by 5.1%. Its stake stood at $66,129,000 an increase of $10,817,000 according to the filing.
Here are some other firms who have updated their holdings. As of quarter end Clinton Group Inc had disposed of a total 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 a change of $225,000 since the last quarter. As of the end of the quarter Creative Planning had bought 114 shares growing its stake by 5.3%. The value of the investment in First American Corporation (New went from $85,000 to $102,000 a change of 20.0% quarter to quarter.
Bank Of Montreal /can/ bolstered its ownership by buying 10 shares an increase of 0.2% in the quarter. Bank Of Montreal /can/ currently owns 5,503 shares valued at $246,000. The total value of its holdings increased 13.9%.
February 12 investment analysts at Barclays kept the stock rating at “Overweight” but lowered the price expectation to $41.00 from $43.00. On January 13 the company was downgraded to “Sell” from “Neutral” in a statement from Goldman Sachs.
On October 26 Keefe Bruyette & Woods left the company rating at “Market Perform” and lowered the price expectation from $40.00 to $39.00. September 25 investment analysts at Piper Jaffray left the stock rating at “Neutral” but moved down the price target to $42.00 from $43.00.
On July 16 the stock rating was downgraded from “Buy” to “Neutral” by Janney Capital. On April 24 Barclays kept the company rating at “Overweight” but raised the price target to $40.00 from $38.00.
The company is so far trading up by 1.30 percent from yesterday’s close. The company also recently declared a dividend paid on Thursday the 15th of June 2017. The dividend was $0.340 per share for the quarter or $1.36 annualized. This dividend amount was represent a yeild of $3.06. The ex-dividend date was set for Tuesday the 6th of June 2017.
Company shares last traded at $45.22 barely above the 50 day moving average which is $43.69 and a tad higher than the 200 day moving average of $39.93. The 50 day moving average went up $1.53 or +3.50% and the 200 day average went up by +13.24%.
The company currently has a P/E ratio of 14.42 and market cap is 5.00B. As of 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 will be $0.97 and the next full year EPS is anticipated to be $3.47.Advertisement