US Bancorp DE Trims Holdings in Envestnet, Inc. (NYSE:ENV)

US Bancorp DE lowered its stake in shares of Envestnet, Inc. (NYSE:ENV) by 81.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,233 shares of the business services provider’s stock after selling 18,250 shares during the period. US Bancorp DE’s holdings in Envestnet were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ENV. Innealta Capital LLC purchased a new stake in Envestnet during the second quarter worth about $46,000. Quest Partners LLC increased its stake in Envestnet by 6,220.8% during the 2nd quarter. Quest Partners LLC now owns 1,517 shares of the business services provider’s stock worth $95,000 after buying an additional 1,493 shares during the period. SG Americas Securities LLC acquired a new stake in Envestnet during the 1st quarter worth approximately $168,000. Federated Hermes Inc. boosted its position in Envestnet by 80.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,700 shares of the business services provider’s stock valued at $169,000 after buying an additional 1,200 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Envestnet in the second quarter worth $191,000.

Analyst Ratings Changes

ENV has been the topic of several analyst reports. DA Davidson reiterated a “neutral” rating and issued a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com began coverage on Envestnet in a research report on Tuesday. They issued a “sell” rating on the stock. Finally, Raymond James downgraded Envestnet from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.88.

Envestnet Trading Up 0.1 %

ENV opened at $62.97 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 0.59. Envestnet, Inc. has a one year low of $34.87 and a one year high of $73.04. The company has a market cap of $3.49 billion, a P/E ratio of -13.20 and a beta of 1.25. The business’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $63.10.

Envestnet Company Profile

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.