Enterprise Financial Service (EFSC) Shareholder Enterprise Financial Services Trimmed Its Stake by $7.22 Million; As Qualcomm (QCOM) Market Valuation Declined, First Foundation Advisors Trimmed Stake

April 22, 2018 - By Stephen Andrade

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Enterprise Financial Services Corp decreased its stake in Enterprise Financial Service (EFSC) by 29.49% based on its latest 2017Q4 regulatory filing with the SEC. Enterprise Financial Services Corp sold 160,490 shares as the company’s stock rose 3.54% while stock markets declined. The institutional investor held 383,788 shares of the major banks company at the end of 2017Q4, valued at $17.33M, down from 544,278 at the end of the previous reported quarter. Enterprise Financial Services Corp who had been investing in Enterprise Financial Service for a number of months, seems to be less bullish one the $1.12 billion market cap company. The stock increased 0.62% or $0.3 during the last trading session, reaching $48.35. About 58,484 shares traded. Enterprise Financial Services Corp (NASDAQ:EFSC) has risen 15.29% since April 22, 2017 and is uptrending. It has outperformed by 3.74% the S&P500.

First Foundation Advisors decreased its stake in Qualcomm Inc (QCOM) by 16.28% based on its latest 2017Q4 regulatory filing with the SEC. First Foundation Advisors sold 48,587 shares as the company’s stock declined 15.28% with the market. The hedge fund held 249,774 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $15.99M, down from 298,361 at the end of the previous reported quarter. First Foundation Advisors who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $76.15 billion market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 22, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Since October 27, 2017, it had 0 insider purchases, and 6 sales for $6.14 million activity. The insider ROGERS ALEXANDER H sold $37,519. THOMPSON JAMES H also sold $3.14M worth of QUALCOMM Incorporated (NASDAQ:QCOM) on Friday, March 9.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It fall, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. Guinness Atkinson Asset Management has invested 0.73% in QUALCOMM Incorporated (NASDAQ:QCOM). 1.18M are held by Waddell Reed Fin. Osher Van De Voorde Investment Mgmt holds 155,687 shares. Pr Herzig & holds 39,650 shares. Patten Patten Tn, a Tennessee-based fund reported 49,915 shares. Oppenheimer And holds 0.31% or 185,387 shares in its portfolio. Bangor Bancshares has invested 0.35% in QUALCOMM Incorporated (NASDAQ:QCOM). Greenleaf Tru holds 21,442 shares or 0.03% of its portfolio. Moreover, North Star Inv Mgmt has 0.24% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 30,710 shares. Evergreen Ltd Com invested 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Eagleclaw Capital Managment Ltd Limited Liability Company invested in 0.77% or 23,915 shares. Tig Advsr Ltd Liability Corp invested in 3.89% or 1.10M shares. Triangle Secs Wealth Management has 0.37% invested in QUALCOMM Incorporated (NASDAQ:QCOM). 205,432 were accumulated by 10. Bluemountain Capital Management stated it has 273,987 shares or 0.35% of all its holdings.

First Foundation Advisors, which manages about $3.20B and $1.85B US Long portfolio, upped its stake in Blackrock Inc Co (NYSE:BLK) by 675 shares to 49,476 shares, valued at $25.42 million in 2017Q4, according to the filing. It also increased its holding in Altria Group Inc (NYSE:MO) by 7,501 shares in the quarter, for a total of 471,715 shares, and has risen its stake in Spdr S&P 500 Etf Unit Trust (SPY).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on April, 25 after the close. They expect $0.55 EPS, down 54.17% or $0.65 from last year’s $1.2 per share. QCOM’s profit will be $814.20M for 23.38 P/E if the $0.55 EPS becomes a reality. After $0.85 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 145 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 29 by Argus Research. The company was maintained on Monday, March 19 by Morgan Stanley. The firm has “Buy” rating given on Thursday, November 5 by Canaccord Genuity. The rating was maintained by BMO Capital Markets on Monday, November 20 with “Hold”. BMO Capital Markets maintained it with “Hold” rating and $5400 target in Monday, July 10 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, March 7. Canaccord Genuity maintained it with “Buy” rating and $86.0 target in Tuesday, March 13 report. The firm has “Outperform” rating given on Thursday, July 21 by RBC Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Hold” rating by RBC Capital Markets on Friday, September 29. Nomura maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, July 20. Nomura has “Hold” rating and $5800 target.

Since February 15, 2018, it had 0 buys, and 1 sale for $57,062 activity.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.01, from 0.98 in 2017Q3. It turned negative, as 9 investors sold EFSC shares while 59 reduced holdings. 17 funds opened positions while 49 raised stakes. 16.61 million shares or 1.11% less from 16.80 million shares in 2017Q3 were reported. Acropolis Mngmt Ltd Liability Com holds 7,620 shares or 0.05% of its portfolio. First Quadrant Ltd Partnership Ca owns 12,611 shares or 0.01% of their US portfolio. Wellington Management Group Limited Liability Partnership has invested 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Cortina Asset Limited Com has 0.32% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 160,328 shares. The New York-based Morgan Stanley has invested 0% in Enterprise Financial Services Corp (NASDAQ:EFSC). Virginia Retirement Et Al holds 18,100 shares or 0.01% of its portfolio. Smith Moore has 0.12% invested in Enterprise Financial Services Corp (NASDAQ:EFSC). Moreover, Moneta Group Inc Investment Lc has 0.49% invested in Enterprise Financial Services Corp (NASDAQ:EFSC) for 72,010 shares. State Board Of Administration Of Florida Retirement Sys reported 0% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Bessemer Gp owns 25,400 shares for 0% of their portfolio. Oberweis Asset Mgmt reported 0.33% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Corporation owns 383,788 shares for 8.42% of their portfolio. Wells Fargo Mn stated it has 0% of its portfolio in Enterprise Financial Services Corp (NASDAQ:EFSC). Stifel Financial Corp holds 7,185 shares or 0% of its portfolio. Deutsche Bancshares Ag holds 0% in Enterprise Financial Services Corp (NASDAQ:EFSC) or 53,553 shares.

Analysts await Enterprise Financial Services Corp (NASDAQ:EFSC) to report earnings on April, 23 after the close. They expect $0.86 earnings per share, up 45.76% or $0.27 from last year’s $0.59 per share. EFSC’s profit will be $19.87 million for 14.06 P/E if the $0.86 EPS becomes a reality. After $0.77 actual earnings per share reported by Enterprise Financial Services Corp for the previous quarter, Wall Street now forecasts 11.69% EPS growth.

Among 4 analysts covering Enterprise Financial Services (NASDAQ:EFSC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Enterprise Financial Services had 18 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. On Thursday, November 12 the stock rating was downgraded by DA Davidson to “Neutral”. The rating was maintained by Piper Jaffray on Wednesday, December 6 with “Buy”. The firm earned “Buy” rating on Wednesday, April 4 by Piper Jaffray. Piper Jaffray maintained Enterprise Financial Services Corp (NASDAQ:EFSC) rating on Thursday, July 13. Piper Jaffray has “Buy” rating and $5000 target. The firm has “Buy” rating given on Tuesday, January 23 by Sandler O’Neill. The firm has “Buy” rating given on Thursday, October 26 by Piper Jaffray. Keefe Bruyette & Woods maintained Enterprise Financial Services Corp (NASDAQ:EFSC) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $55.0 target.

Enterprise Financial Services Corp (NASDAQ:EFSC) Institutional Positions Chart

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