Nordstrom (JWN) Shareholder Cambridge Financial Group INC Increased Stake by $871.56 Million as Shares Declined

April 16, 2018 - By Michael Higginson

Nordstrom, Inc. (NYSE:JWN) Corporate LogoBig Money Sentiment decreased to 0.96 in Q4 2017. It has change of 0.18, from 2017Q3’s 1.14. The ratio turned negative due to JWN positioning: 68 sold and 144 reduced. 60 funds took positions and 144 increased positions. Investors holded 88.99 million in 2017Q3 but now own 92.34 million shares or 3.76% more. Boston Private Wealth Lc reported 0.01% stake. Euclidean Technology Mgmt Llc, a New York-based fund reported 35,000 shs. Dean Investment Ltd Liability Corp invested in 14,775 shs. Quinn Opportunity Ptnrs Lc invested 0.04% in Nordstrom, Inc. (NYSE:JWN). Robeco Institutional Asset Bv invested in 0.12% or 489,341 shs. Amalgamated Retail Bank has invested 0.03% of its capital in Nordstrom, Inc. (NYSE:JWN). Cohen Klingenstein Limited Co owns 19,790 shs. Andra Ap owns 68,300 shs or 0.07% of their US capital. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.05% invested in Nordstrom, Inc. (NYSE:JWN) for 10,500 shs. Gamble Jones Inv Counsel owns 10,956 shs for 0.05% of their capital. Bridgewater Assocs Limited Partnership owns 0.01% invested in Nordstrom, Inc. (NYSE:JWN) for 13,089 shs. Uss Inv Management, a United Kingdom-based fund reported 584,700 shs. Fort Washington Inc Oh owns 20,179 shs. Cornerstone Advisors Inc has 0% invested in Nordstrom, Inc. (NYSE:JWN). Hsbc Pcl reported 0.03% of its capital in Nordstrom, Inc. (NYSE:JWN).

JWN had 3 sales and 0 insider buys since April 11, 2018. This’s net activity of $1.56 million. On Thursday, April 12 10,000 shs were sold by Meden Scott A, worth $490,200. Another trade for 13,703 shs valued at $671,036 was sold by Worzel Ken.

According to 2017Q4 Securities and Exchange filling the Cambridge Financial Group Inc increased its holdings in Nordstrom (JWN) by 16.16%. By buying 18,395 shares Cambridge Financial Group Inc made the stock sank with 0.36%. At the end of 2017Q4, the 132,228 shares of the consumer services company held by the institutional investor were priced at $6.26B, up from 113,833 at the end of the previous reported quarter. $8.03B is the market cap of Nordstrom. Its shares touched $47.87 on during the last trading session after 1.01% change.Nordstrom, Inc. has volume of 727,441 shares. Since April 16, 2017 JWN has risen 11.56% and is uptrending. JWN outperformed by 0.01% the S&P 500.

Cambridge Financial Group Inc manages about $202.41 billion US Long portfolio. It reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 1,562 shares to 86,354 shares, valued at $7.39B in 2017Q4, according to the filing. Cambridge Financial Group Inc has cut its stake in Bank Of America Corp (NYSE:BAC) and also reduced its holding in Amerisourcebergen Corporation (NYSE:ABC) by 72 shares in the quarter, for a total of 65,992 shares.

Nordstrom, Inc. (NYSE:JWN) Ratings Coverage

Total analysts of 14 have positions in Nordstrom Inc (NYSE:JWN) as follows: 2 rated it a “Buy”, 2 with “Sell” and 10 with “Hold”. The positive are 14%. Since October 18, 2017 according to StockzIntelligence Inc Nordstrom Inc has 26 analyst reports. On Friday, March 2 the stock of Nordstrom, Inc. (NYSE:JWN) has “Hold” rating given by RBC Capital Markets. On Friday, November 10 UBS maintained Nordstrom, Inc. (NYSE:JWN) rating. UBS has “Neutral” rating and $43 target. On Friday, January 19 the firm has “Buy” rating given by Cowen & Co. On Thursday, March 1 the stock has “Hold” rating by Piper Jaffray. On Friday, November 10 the company was maintained by BMO Capital Markets. On Friday, November 10 the stock of Nordstrom, Inc. (NYSE:JWN) earned “Outperform” rating by KeyBanc Capital Markets. On Thursday, December 21 the rating was maintained by Robert W. Baird with “Hold”. The stock rating was maintained by Robert W. Baird with “Hold” on Monday, October 30. On Tuesday, January 23 the firm earned “Hold” rating by William Blair. On Tuesday, January 23 the stock has “Hold” rating by Susquehanna.

Nordstrom, Inc. (NYSE:JWN) Institutional Investors Chart

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