Envestnet Asset Management Inc Increased Glacier Bancorp Inc New (NASDAQ:GBCI) Stake by $11.03 Million

August 13, 2018 - By Elena Maslow

Investors sentiment increased to 1.48 in 2018 Q1. Its up 0.07, from 1.41 in 2017Q4. It is positive, as 12 investors sold GBCI shares while 52 reduced holdings. 28 funds opened positions while 67 raised stakes. 60.48 million shares or 1.26% more from 59.72 million shares in 2017Q4 were reported. 10.80M are owned by Blackrock. Texas Permanent School Fund reported 0.03% stake. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0% or 7,423 shares in its portfolio. State Of Tennessee Treasury Department accumulated 56,540 shares. Neuberger Berman Group Incorporated Ltd Liability has 0.1% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 2.38M shares. 194,057 are owned by California Public Employees Retirement Sys. Ftb Advsr Inc accumulated 684 shares. Df Dent & holds 22,674 shares or 0.02% of its portfolio. Dean Mgmt reported 1.63% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Northern Corporation holds 0.01% or 1.44 million shares in its portfolio. Argent holds 0.08% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 8,070 shares. Hightower Ltd Limited Liability Company has 36,503 shares for 0.01% of their portfolio. Keybank National Association Oh holds 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI) or 7,901 shares. Silvercrest Asset Group Inc Ltd Liability Co has 0.76% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI). Coldstream Management invested 0.16% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI).

Since March 13, 2018, it had 0 insider purchases, and 2 sales for $223,882 activity. 5,000 Glacier Bancorp, Inc. (NASDAQ:GBCI) shares with value of $205,050 were sold by ENGLISH JAMES M.

Envestnet Asset Management Inc increased its stake in Glacier Bancorp Inc New (NASDAQ:GBCI) by 864.52% based on its latest 2018Q2 regulatory filing with the SEC. Envestnet Asset Management Inc bought 290,150 shares as the company’s stock declined 1.53% with the market. The institutional investor held 323,712 shares of the finance company at the end of 2018Q2, valued at $12.52M, up from 33,562 at the end of the previous reported quarter. Envestnet Asset Management Inc who had been investing in Glacier Bancorp Inc New for a number of months, seems to be bullish on the $3.68 billion market cap company. The stock decreased 0.25% or $0.11 during the last trading session, reaching $43.54. About 265,997 shares traded. Glacier Bancorp, Inc. (NASDAQ:GBCI) has risen 21.13% since August 13, 2017 and is uptrending. It has outperformed by 8.56% the S&P500.

Envestnet Asset Management Inc, which manages about $60.39 billion and $43.79B US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLB) by 201,488 shares to 58,631 shares, valued at $3.40M in 2018Q2, according to the filing. It also reduced its holding in Vanguard Index Fds (VNQ) by 170,035 shares in the quarter, leaving it with 2.22M shares, and cut its stake in Vanguard Intl Equity Index F (VEU).

Envestnet Asset Management Inc is a Illinois-based institutional investor with more than $60.39 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Envestnet Asset Management Inc is the 81th largest institutional investor in our database. Taken from Envestnet Asset Management latest Adv, the fund reported to have 1070 full and part-time employees. Among which 58 performing investment advisory and research functions. The institutional investor had more than 209200 clients.

Glacier Bancorp, Inc. (NASDAQ:GBCI) Ratings Coverage

Among 4 analysts covering Glacier Bancorp (NASDAQ:GBCI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Glacier Bancorp had 5 analyst reports since March 29, 2018 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $4000 target in Friday, April 20 report. The rating was maintained by DA Davidson on Monday, April 23 with “Neutral”. Sandler O’Neill maintained Glacier Bancorp, Inc. (NASDAQ:GBCI) on Thursday, March 29 with “Hold” rating. The firm has “Hold” rating by Sandler O’Neill given on Friday, April 20. SunTrust maintained Glacier Bancorp, Inc. (NASDAQ:GBCI) rating on Friday, April 20. SunTrust has “Buy” rating and $4100 target.

Glacier Bancorp, Inc. operates as the holding firm for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company has market cap of $3.68 billion. It offers deposit products, including non-interest bearing demand accounts, interest bearing negotiable order of withdrawal and demand accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts. It has a 26.06 P/E ratio. The firm also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans.

More news for Glacier Bancorp, Inc. (NASDAQ:GBCI) were recently published by: Benzinga.com, which released: “Glacier Bancorp’s Earnings Preview” on July 19, 2018. Seekingalpha.com‘s article titled: “Glacier Bancorp, Inc. (GBCI) CEO Randall Chesler on Q2 2018 Results – Earnings Call Transcript” and published on July 20, 2018 is yet another important article.

Glacier Bancorp, Inc. (NASDAQ:GBCI) Institutional Positions Chart

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