Synovus Financial Raised 3M Co (MMM) Position by $395,076; Tjx Companies (TJX) Stake Maintained by Quantbot Technologies Lp

August 10, 2018 - By Estela Ashley

3M Company (NYSE:MMM) Logo

Synovus Financial Corp increased its stake in 3M Co (MMM) by 4.75% based on its latest 2018Q1 regulatory filing with the SEC. Synovus Financial Corp bought 1,804 shares as the company’s stock declined 18.48% with the market. The institutional investor held 39,770 shares of the medical and dental instruments company at the end of 2018Q1, valued at $8.73 million, up from 37,966 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in 3M Co for a number of months, seems to be bullish on the $120.13 billion market cap company. The stock decreased 1.14% or $2.36 during the last trading session, reaching $204.78. About 1.81 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since August 10, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 22/03/2018 – ENN ENERGY FY REV. 3M YUAN, EST. 43.65B YUAN; 05/03/2018 – 3M: Inge Thulin Appointed 3M Executive Chmn; 15/05/2018 – SOROS FUND MANAGEMENT DISSLOVES SHARE STAKE IN 3M – SEC FILING; 17/04/2018 – 3M Design and Architectural Markets Business Inspire Visitors at Milan Design Week 2018; 05/03/2018 – 3M CO – MICHAEL F. ROMAN SUCCEEDS INGE G. THULIN; 09/05/2018 – 3M: EVP, SAFETY-GRAPHICS GROUP FRANK LITTLE TO RETIRE JULY 1; 25/05/2018 – Hartford Value HLS Adds US Foods Holding, Exits 3M Co; 22/03/2018 – SAMHALLSBYGGNADSBOLAGET l NORDEN AB SBBb.ST – BONDS HAVE A FLOATING RATE CORRESPONDING TO STIBOR 3M PLUS 6.25 PERCENT AND ARE DUE IN JUNE 2018; 24/05/2018 – Malaysia 3M Interbank Yield at 3.70% by End-2Q18 (Survey); 24/04/2018 – 3M SEES FY 2018 ADJ. EPS $10.20 TO $10.55/SHR, EST. $10.53

Quantbot Technologies Lp increased its stake in Tjx Companies Inc (TJX) by 521.73% based on its latest 2018Q1 regulatory filing with the SEC. Quantbot Technologies Lp bought 40,554 shares as the company’s stock rose 11.74% while stock markets declined. The hedge fund held 48,327 shares of the consumer services company at the end of 2018Q1, valued at $3.94 million, up from 7,773 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Tjx Companies Inc for a number of months, seems to be bullish on the $62.40 billion market cap company. The stock increased 0.08% or $0.08 during the last trading session, reaching $99.81. About 2.32M shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 16.90% since August 10, 2017 and is uptrending. It has outperformed by 4.33% the S&P500. Some Historical TJX News: 22/05/2018 – Bargain-hungry shoppers help; 22/05/2018 – TJX COMPANIES INC – FULL YEAR GUIDANCE INCLUDES EXPECTED BENEFIT OF ABOUT $0.72 TO $0.73/SHARE DUE TO ITEMS RELATED TO THE 2017 TAX CUTS AND JOBS ACT; 22/05/2018 – TJX COMPANIES INC – QTRLY SHR $1.13; 22/05/2018 – TJX COMPANIES TJX.N CFO – MODELING SECOND QUARTER CONSOLIDATED SALES OF ABOUT $9 BILLION – CONF CALL; 04/04/2018 – TJX TJX.N SETS REGULAR QUARTERLY DIVIDEND OF $0.39/SHR; 12/03/2018 TJX COMPANIES INC TJX.N : CREDIT SUISSE STARTS WITH NEUTRAL RATING; $85 TARGET PRICE; 04/04/2018 – TJX COMPANIES – PLAN TO INCREASE SHARE BUYBACK PROGRAM, WITH APPROXIMATELY $2.5 TO $3.0 BLN OF REPURCHASES PLANNED FOR FISCAL 2019; 04/04/2018 – TJX Companies Raises Quarter Dividend to 39c; 22/05/2018 – TJX SEES 2Q EPS $1.02 TO $1.04, EST. $1.10; 22/05/2018 – TJX Cos Sees 2Q EPS $1.02-EPS $1.04

Since February 23, 2018, it had 0 insider buys, and 1 sale for $742,051 activity.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Dividend Champion Spotlight: 3M Company” on July 12, 2018, also Fool.com with their article: “3M Company Proves Critics Wrong, Yet Again” published on July 24, 2018, Benzinga.com published: “A Preview Of 3M’s Q2 Earnings” on July 23, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “Is This Stock Cheap At $200?” published on July 29, 2018 as well as Fool.com‘s news article titled: “What Should You Make of 3M Company Stock’s 16.4% Drop in 2018 So Far?” with publication date: July 16, 2018.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It dropped, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Parametric Assoc Ltd stated it has 0.47% in 3M Company (NYSE:MMM). Spears Abacus Advsr Limited Liability Corporation accumulated 0.15% or 5,338 shares. Wedgewood Incorporated Pa owns 5,692 shares or 1.07% of their US portfolio. Moreover, Meeder Asset has 0.01% invested in 3M Company (NYSE:MMM). Birmingham Cap Management Al invested 3.71% in 3M Company (NYSE:MMM). Argi Investment Serv Ltd Liability holds 0.05% or 3,553 shares in its portfolio. 5,758 are owned by Dynamic Advisor Solutions Limited Liability. Allen Investment Mgmt Limited Liability Co holds 0.19% of its portfolio in 3M Company (NYSE:MMM) for 20,614 shares. Boston Private Wealth Limited Co holds 0.45% or 53,323 shares in its portfolio. Bowen Hanes Communication holds 226,101 shares. De Burlo Group reported 0.54% in 3M Company (NYSE:MMM). Rhumbline Advisers stated it has 0.5% of its portfolio in 3M Company (NYSE:MMM). Beaumont Prtn Limited Liability Company has 2,663 shares for 0.07% of their portfolio. Alphamark Advisors Limited Liability reported 0.01% of its portfolio in 3M Company (NYSE:MMM). Van Cleef Asset Managementinc has invested 0.07% in 3M Company (NYSE:MMM).

Synovus Financial Corp, which manages about $5.91B US Long portfolio, decreased its stake in F M C Corp (NYSE:FMC) by 31,552 shares to 9,667 shares, valued at $740,000 in 2018Q1, according to the filing. It also reduced its holding in Exxon Mobil Corp (NYSE:XOM) by 6,213 shares in the quarter, leaving it with 372,729 shares, and cut its stake in Total Sys Svcs Inc (NYSE:TSS).

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 6 Hold. Therefore 41% are positive. 3M had 95 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, May 26. RBC Capital Markets maintained it with “Underperform” rating and $155 target in Wednesday, October 26 report. As per Tuesday, March 15, the company rating was maintained by Credit Suisse. Bank of America maintained 3M Company (NYSE:MMM) on Wednesday, October 25 with “Buy” rating. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Tuesday, July 25. RBC Capital Markets has “Hold” rating and $20900 target. The company was maintained on Monday, March 26 by Barclays Capital. Deutsche Bank upgraded it to “Buy” rating and $275.0 target in Tuesday, February 13 report. Jefferies maintained the shares of MMM in report on Thursday, June 1 with “Buy” rating. The firm has “Buy” rating given on Wednesday, December 16 by UBS. Stifel Nicolaus maintained it with “Hold” rating and $262.0 target in Friday, January 26 report.

Among 31 analysts covering The TJX Companies (NYSE:TJX), 23 have Buy rating, 1 Sell and 7 Hold. Therefore 74% are positive. The TJX Companies had 92 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 30 by RBC Capital Markets. Nomura maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, March 1 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 16. The company was upgraded on Wednesday, May 17 by Morgan Stanley. Northcoast maintained the shares of TJX in report on Friday, March 2 with “Buy” rating. On Wednesday, November 15 the stock rating was maintained by Nomura with “Buy”. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 8. The rating was maintained by RBC Capital Markets on Monday, September 18 with “Buy”. Deutsche Bank maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, March 1 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, July 12.

More recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Fool.com which released: “After a Strong Run, Do TJX and Ross Stores Shares Have More Upside?” on July 25, 2018. Also Nasdaq.com published the news titled: “Market Trends Toward New Normal in ING Group, NV, Altaba, Steel Dynamics, The TJX Companies, Colgate …” on August 09, 2018. Fool.com‘s news article titled: “Better Buy: TJX Companies vs. Ross Stores” with publication date: July 23, 2018 was also an interesting one.

Since March 1, 2018, it had 0 buys, and 9 selling transactions for $17.25 million activity. Goldenberg Scott sold $1.36M worth of stock. Sherr Richard sold $195,425 worth of stock or 2,220 shares. LANE AMY B sold $82,805 worth of The TJX Companies, Inc. (NYSE:TJX) on Thursday, March 1. 132,262 shares were sold by MEYROWITZ CAROL, worth $11.08M on Thursday, March 1.

Quantbot Technologies Lp, which manages about $581.51 million and $1.16B US Long portfolio, decreased its stake in Booz Allen Hamilton Holdings (NYSE:BAH) by 12,115 shares to 9,489 shares, valued at $367,000 in 2018Q1, according to the filing. It also reduced its holding in Bankunited Inc (NYSE:BKU) by 12,943 shares in the quarter, leaving it with 2,503 shares, and cut its stake in Horizon Pharma Plc (NASDAQ:HZNP).

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.16, from 1.07 in 2017Q4. It dropped, as 64 investors sold TJX shares while 387 reduced holdings. 99 funds opened positions while 311 raised stakes. 535.05 million shares or 1.96% less from 545.74 million shares in 2017Q4 were reported. Ferguson Wellman Capital Management, Oregon-based fund reported 23,742 shares. Wisconsin-based Fiduciary Mgmt Wi has invested 3.95% in The TJX Companies, Inc. (NYSE:TJX). Montag Caldwell Ltd Liability Com holds 0.03% or 9,600 shares. 279,421 were accumulated by Harvey Investment Company Ltd Company. Us Comml Bank De holds 0.08% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 316,285 shares. Robeco Institutional Asset Mngmt Bv owns 359,096 shares. Hsbc Hldgs Public Limited Company has invested 0.08% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Summit Asset Mngmt Limited Company accumulated 0.17% or 4,249 shares. Northeast Investment Mgmt holds 3,354 shares or 0.02% of its portfolio. C Grp Inc Incorporated A S holds 0.02% or 14,945 shares. Bb&T Corp has 0.3% invested in The TJX Companies, Inc. (NYSE:TJX). Lazard Asset Management Ltd Liability has invested 0.12% in The TJX Companies, Inc. (NYSE:TJX). Proshare Advsr Llc accumulated 90,702 shares. Jones Fincl Lllp stated it has 0.02% in The TJX Companies, Inc. (NYSE:TJX). Private Ocean Ltd Llc owns 75 shares for 0% of their portfolio.

The TJX Companies, Inc. (NYSE:TJX) Institutional Positions Chart

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