Highstreet Asset Management Trimmed Its Holding in Norfolk Southern Corp. (NSC) as Share Price Declined; Grupo Financiero Galicia S A (GGAL) Stock Value Declined While Prince Street Capital Management Lowered Position by $15.52 Million

May 22, 2018 - By Adrian Erickson

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Logo

Highstreet Asset Management Inc decreased its stake in Norfolk Southern Corp. (NSC) by 40.61% based on its latest 2017Q4 regulatory filing with the SEC. Highstreet Asset Management Inc sold 4,392 shares as the company’s stock declined 7.56% with the market. The institutional investor held 6,423 shares of the railroads company at the end of 2017Q4, valued at $931,000, down from 10,815 at the end of the previous reported quarter. Highstreet Asset Management Inc who had been investing in Norfolk Southern Corp. for a number of months, seems to be less bullish one the $43.37 billion market cap company. The stock increased 0.61% or $0.93 during the last trading session, reaching $153.5. About 733,961 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since May 22, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Prince Street Capital Management Llc decreased its stake in Grupo Financiero Galicia S A (GGAL) by 49.45% based on its latest 2017Q4 regulatory filing with the SEC. Prince Street Capital Management Llc sold 238,700 shares as the company’s stock declined 0.09% with the market. The institutional investor held 244,000 shares of the commercial banks company at the end of 2017Q4, valued at $16.07 million, down from 482,700 at the end of the previous reported quarter. Prince Street Capital Management Llc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $6.45B market cap company. The stock decreased 2.23% or $1.04 during the last trading session, reaching $45.65. About 340,370 shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 69.37% since May 22, 2017 and is uptrending. It has outperformed by 57.82% the S&P500.

More important recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Forbes.com which released: “Higher Intermodal Freight Pricing Will Aid Norfolk Southern’s Overall Growth In The Near Term” on May 21, 2018, also Seekingalpha.com published article titled: “Norfolk Southern Keeps Impressing”, Seekingalpha.com published: “Norfolk Southern (NSC) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. More interesting news about Norfolk Southern Corporation (NYSE:NSC) was released by: Seekingalpha.com and their article: “Is Norfolk Southern’s Q1 Performance Sustainable?” with publication date: May 14, 2018.

Since February 1, 2018, it had 0 buys, and 7 selling transactions for $3.77 million activity. Shares for $994,340 were sold by Earhart Cynthia C on Thursday, May 10. Another trade for 10,000 shares valued at $1.50 million was made by Squires James A on Thursday, February 1. Wheeler Michael Joseph had sold 1,699 shares worth $244,011.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.23 earnings per share, up 30.41% or $0.52 from last year’s $1.71 per share. NSC’s profit will be $630.07 million for 17.21 P/E if the $2.23 EPS becomes a reality. After $1.93 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 15.54% EPS growth.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 8 have Buy rating, 5 Sell and 18 Hold. Therefore 26% are positive. Norfolk Southern Corp. had 107 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, October 16 by Wells Fargo. The firm has “Sector Perform” rating given on Thursday, October 29 by RBC Capital Markets. The firm earned “Market Perform” rating on Thursday, October 26 by BMO Capital Markets. Credit Suisse maintained it with “Outperform” rating and $178 target in Thursday, January 25 report. The rating was maintained by Loop Capital with “Sell” on Thursday, March 15. JP Morgan maintained the stock with “Neutral” rating in Thursday, October 12 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 28. Cowen & Co maintained it with “Buy” rating and $13000 target in Friday, August 11 report. The firm has “Buy” rating by Argus Research given on Wednesday, November 2. As per Thursday, November 30, the company rating was maintained by BMO Capital Markets.

Highstreet Asset Management Inc, which manages about $1.69B US Long portfolio, upped its stake in The Allstate Corp. (NYSE:ALL) by 14,566 shares to 20,892 shares, valued at $2.19 million in 2017Q4, according to the filing. It also increased its holding in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3,476 shares in the quarter, for a total of 9,239 shares, and has risen its stake in Duke Energy Corp. (NYSE:DUK).

Investors sentiment is 0.83 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. Sumitomo Mitsui owns 844,276 shares. Trustmark Commercial Bank Trust Department owns 3,310 shares. Cornerstone Advisors has invested 0.13% in Norfolk Southern Corporation (NYSE:NSC). 458,706 are owned by Barclays Public Ltd Company. Creative Planning owns 37,302 shares. Allsquare Wealth Mgmt Ltd Liability Co has invested 0.03% in Norfolk Southern Corporation (NYSE:NSC). Independent Investors Inc, New York-based fund reported 18,100 shares. Peapack Gladstone Corp, New Jersey-based fund reported 7,768 shares. The Pennsylvania-based Cookson Peirce And Co Inc has invested 2.11% in Norfolk Southern Corporation (NYSE:NSC). Tnb Financial accumulated 3,765 shares. Parallax Volatility Advisers Lp holds 0.03% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 164,385 shares. Amf Pensionsforsakring owns 234,212 shares for 0.33% of their portfolio. Smith Salley & reported 9,507 shares. Louisiana-based Waters Parkerson Ltd Com has invested 1.47% in Norfolk Southern Corporation (NYSE:NSC). Cipher Cap Ltd Partnership reported 1,748 shares.

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, February 9 by JP Morgan. The rating was downgraded by Zacks to “Buy” on Friday, August 7. On Friday, October 28 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Neutral” rating given on Tuesday, March 29 by Credit Suisse. The firm has “Neutral” rating given on Monday, August 22 by Citigroup.

Another recent and important Grupo Financiero Galicia S.A. (NASDAQ:GGAL) news was published by Seekingalpha.com which published an article titled: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” on May 22, 2018.

Prince Street Capital Management Llc, which manages about $1.36B and $533.38 million US Long portfolio, upped its stake in Randgold Res Ltd (NASDAQ:GOLD) by 45,200 shares to 298,700 shares, valued at $29.54M in 2017Q4, according to the filing. It also increased its holding in Gran Tierra Energy Inc (NYSEMKT:GTE) by 218,000 shares in the quarter, for a total of 1.88 million shares, and has risen its stake in Beigene Ltd.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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