Horan Capital Management Raised Its Position in The Tjx Companies (TJX) as Market Value Rose; Advent International Has Raised Envestnet (ENV) Stake by $1.54 Million

August 12, 2018 - By Carolyn Hewitt

Envestnet, Inc. (NYSE:ENV) Logo

Advent International Corp increased its stake in Envestnet Inc (ENV) by 6.42% based on its latest 2018Q1 regulatory filing with the SEC. Advent International Corp bought 26,930 shares as the company’s stock declined 3.61% with the market. The hedge fund held 446,515 shares of the miscellaneous company at the end of 2018Q1, valued at $25.59M, up from 419,585 at the end of the previous reported quarter. Advent International Corp who had been investing in Envestnet Inc for a number of months, seems to be bullish on the $2.67 billion market cap company. It closed at $58.95 lastly. It is down 52.72% since August 12, 2017 and is uptrending. It has outperformed by 40.15% the S&P500. Some Historical ENV News: 17/05/2018 – Envestnet’s Technology Roadmap Focuses on Client Engagement and Enhanced Data Aggregation; 26/04/2018 – Envestnet l PMC Launches Three New Impact QPs; 01/05/2018 – Envestnet Announces 2018 Advisor Summit Highlights and Program Features; 09/05/2018 – ENVESTNET SEES 2Q ADJ EPS 37C, EST. 42C; 09/05/2018 – ENVESTNET SEES YR REV. $811.0M – $821.0M, EST. $817.3M; 16/05/2018 – New Envestnet Insurance Exchange Integrates Insurance Solutions into Wealth Management Practice; 16/05/2018 – Envestnet Announces New Enterprise Data Management Solution at Annual Advisor Summit; 15/05/2018 – Envestnet | Tamarac Takes Client Engagement to the Next Level; 15/05/2018 – Can Anyone Challenge Envestnet? — Barrons.com; 25/05/2018 – Envestnet, Inc. Announces Closing of Convertible Notes Offering

Horan Capital Management increased its stake in The Tjx Companies (TJX) by 21.38% based on its latest 2018Q1 regulatory filing with the SEC. Horan Capital Management bought 45,669 shares as the company’s stock rose 11.74% while stock markets declined. The institutional investor held 259,232 shares of the consumer services company at the end of 2018Q1, valued at $21.14M, up from 213,563 at the end of the previous reported quarter. Horan Capital Management who had been investing in The Tjx Companies for a number of months, seems to be bullish on the $62.96 billion market cap company. The stock increased 0.89% or $0.89 during the last trading session, reaching $100.7. About 3.83 million shares traded or 17.29% up from the average. The TJX Companies, Inc. (NYSE:TJX) has risen 16.90% since August 12, 2017 and is uptrending. It has outperformed by 4.33% the S&P500.

Among 13 analysts covering Envestnet (NYSE:ENV), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Envestnet had 32 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Sunday, November 5 by RBC Capital Markets. On Wednesday, August 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. Northland Capital maintained Envestnet, Inc. (NYSE:ENV) on Tuesday, November 10 with “Outperform” rating. On Friday, September 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Sandler O’Neill with “Hold” on Friday, February 23. The rating was maintained by Northland Capital with “Outperform” on Tuesday, August 11. On Tuesday, August 15 the stock rating was maintained by UBS with “Buy”. The company was maintained on Friday, August 10 by UBS. Stifel Nicolaus maintained the shares of ENV in report on Thursday, November 9 with “Buy” rating. Jefferies maintained the shares of ENV in report on Tuesday, September 26 with “Buy” rating.

Since February 15, 2018, it had 1 insider purchase, and 18 selling transactions for $4.94 million activity. CROWELL GAYLE A also sold $159,463 worth of Envestnet, Inc. (NYSE:ENV) shares. $223,200 worth of stock was sold by O’Brien Shelly on Monday, May 21. Roame Charles also bought $15,595 worth of Envestnet, Inc. (NYSE:ENV) on Tuesday, February 27. Shares for $2.39M were sold by Grinis Scott D on Thursday, March 22. Shares for $390,285 were sold by Mayer Joshua.

Investors sentiment decreased to 1.36 in 2018 Q1. Its down 0.37, from 1.73 in 2017Q4. It dived, as 20 investors sold ENV shares while 52 reduced holdings. 34 funds opened positions while 64 raised stakes. 40.31 million shares or 0.76% more from 40.01 million shares in 2017Q4 were reported. Fin Consulate Inc holds 1.95% in Envestnet, Inc. (NYSE:ENV) or 64,416 shares. Panagora Asset Mngmt holds 2,117 shares. 6,555 are held by Utd Services Automobile Association. Moreover, First Advsr Lp has 0.01% invested in Envestnet, Inc. (NYSE:ENV) for 50,414 shares. Balyasny Asset Mngmt Limited Liability has invested 0.01% in Envestnet, Inc. (NYSE:ENV). Oak Ridge Ltd Limited Liability Company owns 279,789 shares for 0.89% of their portfolio. Ashford Mgmt Incorporated owns 313,009 shares for 2.7% of their portfolio. Blair William & Il holds 119,555 shares or 0.05% of its portfolio. Brown Advisory reported 0.05% of its portfolio in Envestnet, Inc. (NYSE:ENV). 32,835 were reported by Raymond James & Associate. Parallax Volatility Advisers Limited Partnership has invested 0% of its portfolio in Envestnet, Inc. (NYSE:ENV). Cramer Rosenthal Mcglynn Limited Liability holds 370,635 shares or 0.35% of its portfolio. Scout Invs reported 97,550 shares or 0.13% of all its holdings. State Street Corp holds 843,017 shares. 5,306 were accumulated by Great West Life Assurance Company Can.

More news for Envestnet, Inc. (NYSE:ENV) were recently published by: Seekingalpha.com, which released: “Envestnet (ENV) Q2 2018 Results – Earnings Call Transcript” on August 08, 2018. Businesswire.com‘s article titled: “Envestnet Reports Second Quarter 2018 Financial Results” and published on August 07, 2018 is yet another important article.

Advent International Corp, which manages about $32.03 billion and $4.99 billion US Long portfolio, decreased its stake in Mistras Group Inc (NYSE:MG) by 115,666 shares to 296,495 shares, valued at $5.62M in 2018Q1, according to the filing.

Horan Capital Management, which manages about $446.88 million and $460.89 million US Long portfolio, decreased its stake in U.S. Bancorp (NYSE:USB) by 179,234 shares to 2,035 shares, valued at $102,000 in 2018Q1, according to the filing. It also reduced its holding in Procter & Gamble Co (NYSE:PG) by 5,156 shares in the quarter, leaving it with 178,934 shares, and cut its stake in Amazon.Com Inc.

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. BMO Capital Markets maintained the shares of TJX in report on Thursday, June 8 with “Buy” rating. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Buy” rating given on Friday, March 2 by Northcoast. The stock has “Buy” rating by Guggenheim on Thursday, December 14. The firm has “Buy” rating given on Thursday, March 1 by Deutsche Bank. The company was maintained on Wednesday, August 16 by Nomura. The firm has “Buy” rating given on Monday, September 11 by UBS. The firm earned “Buy” rating on Thursday, March 1 by Buckingham Research. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Outperform” rating by Wedbush on Wednesday, August 17. Bernstein maintained it with “Outperform” rating and $83 target in Wednesday, May 18 report. The company was reinitiated on Thursday, October 22 by Wells Fargo.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.16, from 1.07 in 2017Q4. It worsened, 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. Massachusetts-based Fmr Ltd Llc has invested 0.23% in The TJX Companies, Inc. (NYSE:TJX). Spectrum Mgmt Grp Inc holds 245 shares. Torch Wealth Mngmt Ltd Co, Ohio-based fund reported 15,340 shares. Louisiana State Employees Retirement Systems reported 38,600 shares. Edge Wealth Management Ltd Llc owns 0.01% invested in The TJX Companies, Inc. (NYSE:TJX) for 325 shares. Wilbanks Smith Thomas Asset Mgmt Lc holds 0.02% in The TJX Companies, Inc. (NYSE:TJX) or 3,038 shares. Flossbach Von Storch Ag has 3.48 million shares for 2.91% of their portfolio. Envestnet Asset Management Inc has invested 0.03% in The TJX Companies, Inc. (NYSE:TJX). Copeland Capital Mgmt Limited Liability Co has 25,126 shares. Stephens Invest Gp Ltd Limited Liability Company invested in 825 shares. Mutual Of America Capital Management Limited Co holds 80,739 shares. Moreover, Hemenway Trust Ltd Liability has 0.22% invested in The TJX Companies, Inc. (NYSE:TJX). Petrus Tru Lta accumulated 3.63% or 191,229 shares. Bridgecreek Inv Mngmt Llc owns 5,000 shares for 0.09% of their portfolio. Primecap Ca stated it has 10.96M shares or 0.67% of all its holdings.

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

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

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