Wellington Management Group Llp Has Increased Independent Bk Group (IBTX) Position; 5 Analysts Bullish Ferrexpo Plc (LON:FXPO)

June 20, 2017 - By Nellie Frank

Wellington Management Group Llp increased Independent Bk Group Inc (IBTX) stake by 63.24% reported in 2016Q4 SEC filing. Wellington Management Group Llp acquired 419,955 shares as Independent Bk Group Inc (IBTX)’s stock declined 11.54%. The Wellington Management Group Llp holds 1.08M shares with $67.65M value, up from 664,117 last quarter. Independent Bk Group Inc now has $1.61B valuation. The stock declined 1.79% or $1.05 reaching $57.75 on the news. About 19,179 shares traded. Independent Bank Group Inc (NASDAQ:IBTX) has risen 64.06% since June 20, 2016 and is uptrending. It has outperformed by 47.36% the S&P500.

Among 16 analysts covering Ferrexpo PLC (LON:FXPO), 5 have Buy rating, 8 Sell and 3 Hold. Therefore 31% are positive. Ferrexpo PLC had 138 analyst reports since July 23, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, December 7 report. Numis Securities maintained Ferrexpo Plc (LON:FXPO) rating on Thursday, August 13. Numis Securities has “Reduce” rating and GBX 50 target. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 2. The stock of Ferrexpo Plc (LON:FXPO) earned “Buy” rating by Deutsche Bank on Tuesday, August 9. The rating was maintained by Cantor Fitzgerald on Monday, January 9 with “Buy”. Macquarie Research maintained it with “Neutral” rating and GBX 35 target in Monday, November 16 report. On Tuesday, February 7 the stock rating was maintained by JP Morgan with “Overweight”. On Friday, May 20 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. JP Morgan maintained Ferrexpo Plc (LON:FXPO) on Wednesday, December 14 with “Neutral” rating. Numis Securities maintained the shares of FXPO in report on Tuesday, July 21 with “Reduce” rating. See Ferrexpo Plc (LON:FXPO) latest ratings:

05/06/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 195.00 New Target: GBX 180.00 Maintain
10/05/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 70.00 New Target: GBX 70.00 Maintain
03/05/2017 Broker: Barclays Capital Rating: Underweight New Target: GBX 130.00 Maintain
02/05/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 220.00 New Target: GBX 195.00 Maintain
21/04/2017 Broker: Barclays Capital Rating: Underweight Old Target: GBX 50.00 New Target: GBX 130.00 Maintain
10/04/2017 Broker: Credit Suisse Rating: Neutral Old Target: GBX 167.00 New Target: GBX 200.00 Maintain
07/04/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 220.00 New Target: GBX 220.00 Maintain
23/03/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 215.00 New Target: GBX 220.00 Maintain
23/03/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 280.00 New Target: GBX 280.00 Maintain
22/03/2017 Broker: Cantor Fitzgerald Rating: Buy Old Target: GBX 166.00 New Target: GBX 166.00 Maintain

Among 8 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Independent Bank Group Inc had 14 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, December 9, the company rating was downgraded by Stephens. Evercore downgraded the shares of IBTX in report on Friday, September 11 to “Hold” rating. The rating was downgraded by TheStreet on Thursday, August 27 to “Buy”. The stock of Independent Bank Group Inc (NASDAQ:IBTX) earned “Market Perform” rating by Hovde Group on Wednesday, November 23. The stock of Independent Bank Group Inc (NASDAQ:IBTX) earned “Overweight” rating by Piper Jaffray on Monday, April 25. The rating was downgraded by Sandler O’Neill on Friday, October 23 to “Hold”. Evercore upgraded Independent Bank Group Inc (NASDAQ:IBTX) on Thursday, June 9 to “Buy” rating.

Since January 30, 2017, it had 0 buys, and 8 sales for $16.05 million activity. On Monday, February 13 the insider Viola Vincent J sold $3.77M. $662,980 worth of Independent Bank Group Inc (NASDAQ:IBTX) was sold by SMITH G STACY.

Investors sentiment increased to 1.62 in 2016 Q4. Its up 0.48, from 1.14 in 2016Q3. It increased, as 9 investors sold IBTX shares while 30 reduced holdings. 27 funds opened positions while 36 raised stakes. 7.67 million shares or 17.89% more from 6.51 million shares in 2016Q3 were reported. Mesirow Financial Invest Mgmt stated it has 6,190 shares. Jpmorgan Chase & Company invested in 48,872 shares or 0% of the stock. Moreover, Price T Rowe Associates Md has 0.01% invested in Independent Bank Group Inc (NASDAQ:IBTX). Wellington Grp Llp reported 1.08M shares. D E Shaw & owns 23,870 shares for 0% of their portfolio. Cortina Asset Mngmt Lc has 0.18% invested in Independent Bank Group Inc (NASDAQ:IBTX). Blackrock Advsr Ltd Co stated it has 6,082 shares or 0% of all its holdings. Blackrock Fund Advsrs has invested 0% of its portfolio in Independent Bank Group Inc (NASDAQ:IBTX). Hillsdale Incorporated stated it has 0.22% of its portfolio in Independent Bank Group Inc (NASDAQ:IBTX). Metropolitan Life Ny holds 8,159 shares or 0% of its portfolio. Parametric Assoc Lc invested 0% in Independent Bank Group Inc (NASDAQ:IBTX). The Iowa-based Principal Finance Grp Inc has invested 0% in Independent Bank Group Inc (NASDAQ:IBTX). Envestnet Asset Incorporated has invested 0% in Independent Bank Group Inc (NASDAQ:IBTX). State Board Of Administration Of Florida Retirement Sys invested in 7,977 shares or 0% of the stock. Blackrock Institutional Commerce Na holds 0% or 320,506 shares.

Wellington Management Group Llp decreased Allegiant Travel Co (NASDAQ:ALGT) stake by 3,470 shares to 34,552 valued at $5.75M in 2016Q4. It also reduced Torchmark Corp (NYSE:TMK) stake by 158,200 shares and now owns 2.68M shares. T Mobile Us Inc (NYSE:TMUS) was reduced too.

Ferrexpo plc is an iron ore pellet producer. The company has market cap of 1.06 billion GBP. The Firm produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. It has a 7.15 P/E ratio. The Company’s activities are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: