Jensen Investment Management Continues to Hold Stake in Scotts Miracle Gro Co (SMG); Picton Mahoney Asset Management Decreased Position in First Rep Bk San Francisco C (FRC) by $8.41 Million

May 26, 2018 - By Winifred Garcia

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Jensen Investment Management Inc increased its stake in Scotts Miracle Gro Co (SMG) by 166.42% based on its latest 2017Q4 regulatory filing with the SEC. Jensen Investment Management Inc bought 4,410 shares as the company’s stock declined 16.58% with the market. The institutional investor held 7,060 shares of the agricultural chemicals company at the end of 2017Q4, valued at $755,000, up from 2,650 at the end of the previous reported quarter. Jensen Investment Management Inc who had been investing in Scotts Miracle Gro Co for a number of months, seems to be bullish on the $4.76B market cap company. The stock increased 0.39% or $0.33 during the last trading session, reaching $85.91. About 550,263 shares traded. The Scotts Miracle-Gro Company (NYSE:SMG) has declined 6.67% since May 26, 2017 and is downtrending. It has underperformed by 18.22% the S&P500.




Picton Mahoney Asset Management decreased its stake in First Rep Bk San Francisco C (FRC) by 66.84% based on its latest 2017Q4 regulatory filing with the SEC. Picton Mahoney Asset Management sold 97,750 shares as the company’s stock rose 3.67% while stock markets declined. The institutional investor held 48,500 shares of the company at the end of 2017Q4, valued at $4.20M, down from 146,250 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $16.18 billion market cap company. The stock decreased 0.71% or $0.71 during the last trading session, reaching $99.91. About 761,530 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since May 26, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Jensen Investment Management Inc, which manages about $7.21B and $7.84 billion US Long portfolio, decreased its stake in Accenture Plc Ireland (NYSE:ACN) by 261,023 shares to 1.99 million shares, valued at $304.28 million in 2017Q4, according to the filing. It also reduced its holding in Becton Dickinson & Co (NYSE:BDX) by 163,819 shares in the quarter, leaving it with 2.20 million shares, and cut its stake in Equifax Inc (NYSE:EFX).

More notable recent The Scotts Miracle-Gro Company (NYSE:SMG) news were published by: Fool.com which released: “Scotts Miracle-Gro Moves Further Into Marijuana With $450 Million Deal” on April 28, 2018, also Seekingalpha.com with their article: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” published on May 11, 2018, Globenewswire.com published: “The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment” on April 30, 2018. More interesting news about The Scotts Miracle-Gro Company (NYSE:SMG) were released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Urstadt Biddle Properties, Scotts Miracle-Gro, Universal, PetMed Express …” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Scotts Miracle-Gro: Dividend Stock Analysis” with publication date: May 11, 2018.

Among 7 analysts covering Scotts Miracle-Gro Company (The) (NYSE:SMG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Scotts Miracle-Gro Company (The) had 16 analyst reports since March 22, 2016 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Wednesday, November 8. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, October 16. The stock of The Scotts Miracle-Gro Company (NYSE:SMG) has “Hold” rating given on Monday, August 28 by KeyBanc Capital Markets. On Tuesday, May 15 the stock rating was upgraded by SunTrust to “Buy”. On Thursday, December 8 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Hold” rating given on Wednesday, November 8 by J.P. Morgan. The stock has “Underperform” rating by Bank of America on Wednesday, May 2. On Wednesday, November 22 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of The Scotts Miracle-Gro Company (NYSE:SMG) has “Overweight” rating given on Thursday, August 4 by JP Morgan. Gabelli initiated it with “Buy” rating and $113 target in Thursday, October 20 report.

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.14, from 0.94 in 2017Q3. It is positive, as 35 investors sold SMG shares while 93 reduced holdings. 48 funds opened positions while 90 raised stakes. 35.74 million shares or 6.92% less from 38.40 million shares in 2017Q3 were reported. Proshare Advsr Ltd Liability stated it has 0% of its portfolio in The Scotts Miracle-Gro Company (NYSE:SMG). Financial Bank Of America Corp De owns 507,587 shares. Shelton Cap has invested 0.02% in The Scotts Miracle-Gro Company (NYSE:SMG). Goldman Sachs invested in 0% or 114,866 shares. Bessemer Grp Incorporated invested in 0% or 600 shares. Pacific Global Investment Management accumulated 0.23% or 10,047 shares. Atlantic Tru Group Limited Liability Corporation, Georgia-based fund reported 2,850 shares. Advsrs Asset has invested 0.05% of its portfolio in The Scotts Miracle-Gro Company (NYSE:SMG). Hillsdale Inv Management Inc has 12 shares. Landscape Mgmt Limited Liability holds 1.18% or 123,923 shares. Johnson Investment Counsel holds 0.02% in The Scotts Miracle-Gro Company (NYSE:SMG) or 8,695 shares. Leavell Inv Inc invested in 2,500 shares or 0.03% of the stock. Amalgamated Fincl Bank holds 0.03% or 9,006 shares. Gotham Asset Management Ltd Co reported 154,864 shares or 0.24% of all its holdings. Moreover, Vanguard has 0.02% invested in The Scotts Miracle-Gro Company (NYSE:SMG).

Since February 2, 2018, it had 1 buy, and 6 sales for $7.65 million activity. 1,650 The Scotts Miracle-Gro Company (NYSE:SMG) shares with value of $130,103 were sold by Johnson Stephen L. Another trade for 2,892 shares valued at $258,834 was made by HAGEDORN KATHERINE LITTLEFIELD on Friday, February 2. HAGEDORN JAMES also sold $1.53M worth of The Scotts Miracle-Gro Company (NYSE:SMG) on Friday, May 11. Another trade for 7,500 shares valued at $599,648 was bought by FINN BRIAN D. $701,646 worth of The Scotts Miracle-Gro Company (NYSE:SMG) shares were sold by Lukemire Michael C.

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 $186.28 million for 21.72 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.

More news for First Republic Bank (NYSE:FRC) were recently published by: Bizjournals.com, which released: “Why First Republic Bank is chasing the wealthy in Wyoming” on May 07, 2018. Bizjournals.com‘s article titled: “Inside First Republic Bank’s culture of success” and published on May 17, 2018 is yet another important article.

Picton Mahoney Asset Management, which manages about $1.40 billion US Long portfolio, upped its stake in Morgan Stanley (NYSE:MS) by 31,000 shares to 473,562 shares, valued at $24.85M in 2017Q4, according to the filing. It also increased its holding in Spdr S And P 500 Etf Tr (Put) (SPY) by 1,250 shares in the quarter, for a total of 2,000 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 87 analyst reports since October 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $92.0 target in Friday, October 13 report. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was maintained by Piper Jaffray on Friday, September 1 with “Hold”. RBC Capital Markets maintained First Republic Bank (NYSE:FRC) on Friday, April 13 with “Hold” rating. Maxim Group maintained it with “Buy” rating and $11000 target in Friday, April 13 report. As per Friday, October 14, the company rating was maintained by Barclays Capital. BMO Capital Markets maintained it with “Hold” rating and $97 target in Monday, May 29 report. Keefe Bruyette & Woods maintained the stock with “Market Perform” rating in Friday, July 15 report. The company was maintained on Wednesday, November 29 by Keefe Bruyette & Woods. The firm has “Hold” rating by RBC Capital Markets given on Friday, August 18.

The Scotts Miracle-Gro Company (NYSE:SMG) Institutional Positions Chart

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