Firstmerit Corp (FMER) : Perella Weinberg Partners Capital Management Lp added new position in Firstmerit Corp during the most recent quarter end. The investment management firm now holds 83,170 shares of Firstmerit Corp which is valued at $1,766,531 , the company said in a statement filed on Aug 15, 2016 with the SEC.Firstmerit Corp makes up approximately 0.73% of Perella Weinberg Partners Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Tudor Investment Corp Et Al added FMER to its portfolio by purchasing 240,605 company shares during the most recent quarter which is valued at $5,110,450. Firstmerit Corp makes up approx 0.20% of Tudor Investment Corp Et Al’s portfolio. Kennedy Capital Management sold out all of its stake in FMER during the most recent quarter. The investment firm sold 117,509 shares of FMER which is valued $2,495,891.Parametric Portfolio Associates boosted its stake in FMER in the latest quarter, The investment management firm added 3,774 additional shares and now holds a total of 133,390 shares of Firstmerit Corp which is valued at $2,833,204.Advantus Capital Management Inc reduced its stake in FMER by selling 2,181 shares or 9.76% in the most recent quarter. The Hedge Fund company now holds 20,164 shares of FMER which is valued at $428,283. Firstmerit Corp makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.
On the company’s financial health, Firstmerit Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.33.Analysts expectations of $ 257.30.During the same quarter in the previous year, the company posted $0.33 EPS.
FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries providing a range of banking fiduciary financial insurance and investment services to corporate institutional and individual customers. It operates in four segments: Commercial Retail Wealth and Other. The Commercial segment provides a range of lending depository and related financial services. The Retail segment includes consumer lending and deposit gathering residential mortgage loan origination and servicing and branch-based small business banking. The Wealth segment offers an array of asset management private banking financial planning estate settlement and administration credit and deposit products and services. The Other segment includes activities of the parent company eliminations companies community development operations and the treasury group.