As First Rep Bk San Francisco C (FRC) Valuation Rose, Lomas Capital Management Has Decreased Stake by $1.57 Million; General Dynamics (GD) Market Valuation Declined While Balyasny Asset Management Has Boosted Its Holding

June 22, 2018 - By Dolores Ford

First Republic Bank (NYSE:FRC) Logo

Dmitry Balyasny increased its stake in General Dynamics Corp (GD) by 70.65% based on its latest 2018Q1 regulatory filing with the SEC. Balyasny Asset Management Llc bought 3,603 shares as the company’s stock declined 8.23% with the market. The hedge fund run by Dmitry Balyasny held 8,703 shares of the marine transportation company at the end of 2018Q1, valued at $1.92M, up from 5,100 at the end of the previous reported quarter. Balyasny Asset Management Llc who had been investing in General Dynamics Corp for a number of months, seems to be bullish on the $56.27B market cap company. The stock increased 0.54% or $1.019 during the last trading session, reaching $189.449. About 682,008 shares traded. General Dynamics Corporation (NYSE:GD) has risen 3.50% since June 22, 2017 and is uptrending. It has underperformed by 9.07% the S&P500. Some Historical GD News: 25/04/2018 – GENERAL DYNAMICS CEO SAYS TAX REFORM HELPING GULFSTREAM DEMAND; 27/03/2018 – GENERAL DYNAMICS – ON MARCH 23, ENTERED INTO RESIGNATION & APPOINTMENT AGREEMENT WITH JPMORGAN CHASE BANK, N.A., AS RESIGNING ADMINISTRATIVE AGENT; 24/04/2018 – blacq: CACI seeks to break up General Dynamics’ acquisition of CSRA: sources (Reuters) – U.S. def; 24/04/2018 – GULFSTREAM AEROSPACE CORP SAYS ANNOUNCED PLANS TO BUILD A NEW SERVICE CENTER AT SAVANNAH/HILTON HEAD INTERNATIONAL AIRPORT; 03/04/2018 – General Dynamics completes deal for peer CSRA; 19/03/2018 – General Dynamics Stands Pat With CSRA Bid as New Suitor Ups Ante; 02/04/2018 – Second Matson Containership Begins Construction at General Dynamics NASSCO; 03/04/2018 – General Dynamics Completes Acquisition Of CSRA; 07/03/2018 – General Dynamics Raises Dividend to 93c Vs. 84c; 29/05/2018 – Gulfstream G650ER Completes Record-Breaking Polar Flight

Daniel Lascano decreased its stake in First Rep Bk San Francisco C (FRC) by 22.18% based on its latest 2018Q1 regulatory filing with the SEC. Lomas Capital Management Llc sold 17,111 shares as the company’s stock rose 4.55% while stock markets declined. The hedge fund run by Daniel Lascano held 60,020 shares of the company at the end of 2018Q1, valued at $5.56M, down from 77,131 at the end of the previous reported quarter. Lomas Capital Management Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $16.31 billion market cap company. The stock decreased 0.27% or $0.27 during the last trading session, reaching $100.67. About 243,575 shares traded. First Republic Bank (NYSE:FRC) has risen 7.17% since June 22, 2017 and is uptrending. It has underperformed by 5.40% the S&P500. Some Historical FRC News: 06/03/2018 – FIRST REPUBLIC BANK FRC.N : BARCLAYS RAISES TARGET PRICE TO $110 FROM $93; 24/05/2018 – First Republic Short-Interest Ratio Rises 11% to 13 Days; 12/04/2018 – First Republic Bank Chairman and CEO Jim Herbert Appointed to Federal Reserve System’s Federal Advisory Council; 22/04/2018 – DJ First Republic Bank, Inst Holders, 1Q 2018 (FRC); 21/03/2018 – Moody’s assigns provisional ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2018-3; 13/04/2018 – First Republic Bank 1Q EPS $1.13; 22/03/2018 – First Republic Closes Below 50-Day Moving Average: Technicals; 18/04/2018 – Moody’s assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2018-5; 05/03/2018 – Trump’s Attorney Michael Cohen Tried to Reach Trump Before Paying Stormy Daniels; 30/04/2018 – Parnassus Invest Buys New 2.9% Position in First Republic

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.19, from 1.07 in 2017Q4. It worsened, as 52 investors sold GD shares while 361 reduced holdings. 100 funds opened positions while 263 raised stakes. 230.81 million shares or 0.50% more from 229.66 million shares in 2017Q4 were reported. The California-based Hanson Mcclain Incorporated has invested 0.01% in General Dynamics Corporation (NYSE:GD). West Oak Cap Ltd Liability Corporation has invested 0% of its portfolio in General Dynamics Corporation (NYSE:GD). Shell Asset Mngmt reported 0.15% of its portfolio in General Dynamics Corporation (NYSE:GD). Abner Herrman & Brock Ltd Liability reported 0.78% of its portfolio in General Dynamics Corporation (NYSE:GD). Linscomb And Williams Inc accumulated 1,843 shares. Retirement Of Alabama reported 0.17% of its portfolio in General Dynamics Corporation (NYSE:GD). Bnp Paribas Arbitrage invested 0% of its portfolio in General Dynamics Corporation (NYSE:GD). Btc Management invested 1.67% in General Dynamics Corporation (NYSE:GD). Evercore Wealth Management Limited Liability Corp owns 10,192 shares. Iridian Asset Mngmt Ltd Limited Liability Company Ct, a Connecticut-based fund reported 1.30 million shares. First National Tru Communication accumulated 0.52% or 20,614 shares. Tokio Marine Asset Mgmt owns 0.04% invested in General Dynamics Corporation (NYSE:GD) for 943 shares. 6.03M are held by Wells Fargo Mn. Cue Financial Group invested in 0.58% or 3,976 shares. Acg Wealth has 0.1% invested in General Dynamics Corporation (NYSE:GD).

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation had 79 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, November 19, the company rating was upgraded by Argus Research. The rating was maintained by Wells Fargo with “Buy” on Tuesday, February 13. The firm has “Buy” rating given on Wednesday, February 14 by Robert W. Baird. The firm has “Buy” rating by Cowen & Co given on Wednesday, July 26. The company was downgraded on Tuesday, August 25 by Zacks. The firm earned “Buy” rating on Wednesday, May 31 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Friday, September 15. The rating was maintained by Credit Suisse with “Buy” on Tuesday, May 22. Argus Research maintained the stock with “Buy” rating in Tuesday, August 2 report. The stock of General Dynamics Corporation (NYSE:GD) has “Outperform” rating given on Thursday, January 25 by Credit Suisse.

Since February 14, 2018, it had 0 buys, and 8 sales for $8.28 million activity. $899,843 worth of General Dynamics Corporation (NYSE:GD) was sold by Johnson S. Daniel on Friday, March 9. LYLES LESTER L also sold $1.15 million worth of General Dynamics Corporation (NYSE:GD) shares. Shares for $931,045 were sold by CASEY JOHN PATRICK. 1,800 shares valued at $389,574 were sold by KEANE JOHN M on Wednesday, February 14. 5,977 General Dynamics Corporation (NYSE:GD) shares with value of $1.34 million were sold by Whited Gary L.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Investorplace.com which released: “3 Reasons to Buy Lockheed Martin Stock on Weakness” on June 21, 2018, also 247Wallst.com with their article: “General Electric, Starbucks Drop into Thursday’s 52-Week Low Club” published on June 21, 2018, Investorplace.com published: “What the Stryker Land Vehicle Deal Can Do for General Dynamics Stock” on June 22, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Benzinga.com and their article: “8 Biggest Price Target Changes For Friday” published on June 22, 2018 as well as Fool.com‘s news article titled: “Is General Dynamics Corporation (GD) a Buy?” with publication date: June 01, 2018.

Balyasny Asset Management Llc, which manages about $14.49 billion and $23.94B US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 277,662 shares to 521,138 shares, valued at $58.09 million in 2018Q1, according to the filing. It also reduced its holding in Taubman Ctrs Inc (NYSE:TCO) by 229,354 shares in the quarter, leaving it with 224,065 shares, and cut its stake in Northwestern Corp.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on July, 13. They expect $1.15 EPS, up 8.49% or $0.09 from last year’s $1.06 per share. FRC’s profit will be $186.28M for 21.88 P/E if the $1.15 EPS becomes a reality. After $1.13 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 1.77% EPS growth.

Among 21 analysts covering First Republic Bank (NYSE:FRC), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. First Republic Bank had 89 analyst reports since October 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained First Republic Bank (NYSE:FRC) rating on Tuesday, October 3. BMO Capital Markets has “Hold” rating and $96.0 target. The stock has “Hold” rating by RBC Capital Markets on Tuesday, January 16. As per Friday, October 13, the company rating was maintained by BMO Capital Markets. The rating was maintained by Sandler O’Neill with “Hold” on Tuesday, January 16. Maxim Group maintained First Republic Bank (NYSE:FRC) rating on Friday, October 14. Maxim Group has “Buy” rating and $86 target. Wood maintained the shares of FRC in report on Friday, October 14 with “Market Perform” rating. The company was maintained on Monday, July 17 by Maxim Group. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, September 28. The rating was maintained by Jefferies on Wednesday, April 18 with “Hold”. As per Monday, October 19, the company rating was maintained by RBC Capital Markets.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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