Arrow Financial Upped Its Position in Arrow Financial (AROW) by $315,576; Aes (AES) Shares Rose While Janney Montgomery Scott Decreased Position

The AES Corporation (NYSE:AES) Logo

Janney Montgomery Scott Llc decreased its stake in Aes Corp (AES) by 2.91% based on its latest 2018Q3 regulatory filing with the SEC. Janney Montgomery Scott Llc sold 32,099 shares as the company’s stock rose 19.29% while stock markets declined. The institutional investor held 1.07M shares of the central company at the end of 2018Q3, valued at $14.98M, down from 1.10M at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Aes Corp for a number of months, seems to be less bullish one the $9.99B market cap company. The stock increased 0.27% or $0.04 during the last trading session, reaching $15.09. About 274,620 shares traded. The AES Corporation (NYSE:AES) has risen 47.38% since January 9, 2018 and is uptrending. It has outperformed by 47.38% the S&P500. Some Historical AES News: 10/05/2018 – AES GENER CLOSES SALE OF SOCIEDAD ELECTRICA SANTIAGO: FILING; 08/05/2018 – AES Corp Backs 2018View of Adj EPS $1.15-Adj EPS $1.25; 07/05/2018 – AES TIETE 1Q NET BRL54.8M; 28/03/2018 – INDIA’S ENFORCEMENT DIRECTORATE – ATTACHES FUNDS WORTH 156.1 MLN RUPEES OF AES CHATTISGARH ENERGY UNDER PMLA IN COAL BLOCK ALLOCATION CASE; 25/05/2018 – Ceramic Fiber (RCF and AES Wool) Market – Global Forecast to 2022 – ResearchAndMarkets.com; 17/05/2018 – AES TO BB+ FROM BB BY FITCH, OUTLOOK TO STABLE FROM POSITIVE; 03/04/2018 – AES to Adopt Recommendations of Task Force on Climate-Related Financial Disclosures; 30/05/2018 – SRP, AES Launch Arizona’s First Standalone Energy Storage Project to Provide Flexible Peaking Capacity; 09/03/2018 – McChord AF Base: 92nd OG partners with 375th AES, enhance AE knowledge; 16/05/2018 – AUDENTES THERAPEUTICS INC – THERE HAVE BEEN AN ADDITIONAL 11 NON-SERIOUS AES IN ASPIRO, ALL DETERMINED TO BE NOT TREATMENT-RELATED

Arrow Financial Corp increased its stake in Arrow Financial Corporation (AROW) by 0.62% based on its latest 2018Q3 regulatory filing with the SEC. Arrow Financial Corp bought 8,766 shares as the company’s stock declined 11.63% with the market. The institutional investor held 1.42M shares of the major banks company at the end of 2018Q3, valued at $52.59 million, up from 1.41M at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Arrow Financial Corporation for a number of months, seems to be bullish on the $487.77 million market cap company. The stock increased 0.21% or $0.07 during the last trading session, reaching $33.75. About 256 shares traded. Arrow Financial Corporation (NASDAQ:AROW) has declined 4.51% since January 9, 2018 and is downtrending. It has underperformed by 4.51% the S&P500. Some Historical AROW News: 19/04/2018 DJ Arrow Financial Corporation, Inst Holders, 1Q 2018 (AROW); 23/04/2018 – Arrow Financial 1Q EPS 61c; 23/04/2018 – Arrow Reports Increase in First-Quarter Net Income; Double Digit Loan Growth Continues; 25/04/2018 – Arrow Declares June Cash Dividend; 23/04/2018 – Arrow Financial 1Q Net $8.53M

Analysts await The AES Corporation (NYSE:AES) to report earnings on February, 26. They expect $0.37 EPS, down 13.95% or $0.06 from last year’s $0.43 per share. AES’s profit will be $245.05M for 10.20 P/E if the $0.37 EPS becomes a reality. After $0.35 actual EPS reported by The AES Corporation for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Since December 26, 2018, it had 1 buying transaction, and 0 insider sales for $481,250 activity.

Janney Montgomery Scott Llc, which manages about $15.70B and $11.61 billion US Long portfolio, upped its stake in Jpmorgan Chase Co (NYSE:JPM) by 11,879 shares to 1.02M shares, valued at $115.54M in 2018Q3, according to the filing. It also increased its holding in Inv Qqq Etf by 10,068 shares in the quarter, for a total of 595,835 shares, and has risen its stake in Inv Dwa Momentum Etf.

Investors sentiment increased to 1.12 in Q3 2018. Its up 0.08, from 1.04 in 2018Q2. It improved, as 32 investors sold AES shares while 149 reduced holdings. 67 funds opened positions while 136 raised stakes. 607.21 million shares or 2.03% less from 619.80 million shares in 2018Q2 were reported. Macroview Inv Mngmt Ltd Liability has invested 0.01% in The AES Corporation (NYSE:AES). Mutual Of America Cap Limited reported 0.03% in The AES Corporation (NYSE:AES). Ledyard Comml Bank invested 0% of its portfolio in The AES Corporation (NYSE:AES). Moreover, Bb&T Secs Limited Liability Company has 0.01% invested in The AES Corporation (NYSE:AES) for 108,147 shares. Carret Asset Mngmt Lc invested 0.04% of its portfolio in The AES Corporation (NYSE:AES). Raymond James And invested in 258,247 shares or 0.01% of the stock. Meeder Asset Mngmt Inc invested in 241,326 shares or 0.25% of the stock. Gateway Invest Advisers Limited Company has 28,886 shares for 0% of their portfolio. Gotham Asset Mgmt Limited Co stated it has 19,762 shares. Janney Montgomery Scott Ltd Liability Corp holds 1.07M shares. Moreover, California Public Employees Retirement Sys has 0.03% invested in The AES Corporation (NYSE:AES). Stoneridge Inv Prtnrs Ltd Liability, a Pennsylvania-based fund reported 140,498 shares. Guardian Life Insurance Of America has 1,864 shares for 0% of their portfolio. Andra Ap stated it has 0.1% in The AES Corporation (NYSE:AES). Brinker Capital Inc invested 0.06% in The AES Corporation (NYSE:AES).

Among 11 analysts covering AES Corporation (NYSE:AES), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. AES Corporation had 24 analyst reports since September 24, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Thursday, March 23 with “Hold”. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, October 4. The rating was downgraded by Argus Research on Monday, October 19 to “Hold”. As per Monday, March 19, the company rating was maintained by JP Morgan. The company was downgraded on Wednesday, May 16 by Bank of America. The rating was downgraded by Bank of America to “Underperform” on Tuesday, November 22. The stock of The AES Corporation (NYSE:AES) earned “Peer Perform” rating by Wolfe Research on Wednesday, November 4. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, December 13. On Wednesday, June 20 the stock rating was maintained by UBS with “Neutral”. The stock has “Sel” rating by UBS on Monday, October 3.

More recent The AES Corporation (NYSE:AES) news were published by: Benzinga.com which released: “Jim Cramer Gives His Opinion On Walmart, IBM And More – Benzinga” on December 14, 2018. Also Businesswire.com published the news titled: “AES and KIUC Make History with World’s Largest Solar PV Peaker Plant – Business Wire” on January 08, 2019. Nasdaq.com‘s news article titled: “New Research Coverage Highlights Electronic Arts, NEXEO SOLUTIONS, The AES, Meritor, H&R Block, and American International Group — Consolidated Revenues, Company Growth, and Expectations for 2019 – Nasdaq” with publication date: December 21, 2018 was also an interesting one.

Since July 30, 2018, it had 0 insider purchases, and 6 insider sales for $149,937 activity. $37,547 worth of Arrow Financial Corporation (NASDAQ:AROW) was sold by Kaiser David D on Wednesday, August 29.

More notable recent Arrow Financial Corporation (NASDAQ:AROW) news were published by: Bizjournals.com which released: “These community banks are saving hundreds of thousands of dollars a quarter following Trump’s tax cuts – Albany Business Review” on October 23, 2018, also Seekingalpha.com with their article: “17 Upcoming Dividend Increases Including 1 King – Seeking Alpha” published on August 23, 2018, Seekingalpha.com published: “An Insider’s Comprehensive Guide To The Community Bank Industry – Seeking Alpha” on June 27, 2017. More interesting news about Arrow Financial Corporation (NASDAQ:AROW) were released by: Bizjournals.com and their article: “How much this community bank pays its board – Albany Business Review” published on March 27, 2017 as well as Finance.Yahoo.com‘s news article titled: “Smart Money Isn’t Rushing Into IBM Common Stock (IBM) Just Yet – Yahoo News” with publication date: November 05, 2018.

Investors sentiment increased to 4.5 in 2018 Q3. Its up 2.82, from 1.68 in 2018Q2. It increased, as 4 investors sold AROW shares while 10 reduced holdings. 12 funds opened positions while 51 raised stakes. 11.76 million shares or 107.26% more from 5.67 million shares in 2018Q2 were reported. Wedge Management L Limited Partnership Nc has invested 0.01% in Arrow Financial Corporation (NASDAQ:AROW). Adirondack stated it has 2,496 shares or 0.06% of all its holdings. Bnp Paribas Arbitrage Sa reported 0% stake. Hotchkis & Wiley Capital Mngmt Limited Liability Com, California-based fund reported 33,909 shares. Smith Asset Mgmt Gp LP reported 7,051 shares stake. 5,024 are owned by Barclays Public Ltd Liability Corporation. Geode Capital Management Limited Company reported 0% in Arrow Financial Corporation (NASDAQ:AROW). 32,006 are owned by Martingale Asset Mngmt Limited Partnership. Tower Rech Ltd Liability Co (Trc) reported 0% in Arrow Financial Corporation (NASDAQ:AROW). Fmr Llc stated it has 0% in Arrow Financial Corporation (NASDAQ:AROW). Northern Tru Corporation owns 203,860 shares. 5,908 were reported by Los Angeles Mngmt And Equity. Moreover, Arrow has 11.04% invested in Arrow Financial Corporation (NASDAQ:AROW) for 1.42 million shares. Credit Suisse Ag has 20,348 shares for 0% of their portfolio. Dimensional Fund Limited Partnership has 649,877 shares.

Arrow Financial Corporation (NASDAQ:AROW) Institutional Positions Chart