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About Coconut Grove Bank

Coconut Grove Bank is a retail banking company based out of Miami, Florida.

Coconut Grove Bank Headquarter Location

2701 South Bayshore Drive

Miami, Florida, 33133,

United States

(305)858-6666

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Latest Coconut Grove Bank News

Coconut Grove Bank Invests $293,000 in EMC Co. (EMC)

Feb 8, 2016

Tweet Coconut Grove Bank purchased a new stake in EMC Co. (NYSE:EMC) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,436 shares of the information technology service provider’s stock, valued at approximately $293,000. A number of other hedge funds and other institutional investors also recently made changes to their positions in EMC. Gateway Investment Advisers LLC raised its position in shares of EMC by 4.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,540,727 shares of the information technology service provider’s stock worth $39,566,000 after buying an additional 62,086 shares during the period. Cheyne Capital Management bought a new position in shares of EMC during the fourth quarter worth approximately $24,615,000. Penn Davis Mcfarland Inc. raised its position in shares of EMC by 0.4% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 669,414 shares of the information technology service provider’s stock worth $17,191,000 after buying an additional 2,395 shares during the period. Dearborn Partners LLC raised its position in shares of EMC by 0.6% in the fourth quarter. Dearborn Partners LLC now owns 653,469 shares of the information technology service provider’s stock worth $16,781,000 after buying an additional 3,611 shares during the period. Finally, Lathrop Investment Management Corp raised its position in shares of EMC by 0.5% in the fourth quarter. Lathrop Investment Management Corp now owns 390,399 shares of the information technology service provider’s stock worth $10,025,000 after buying an additional 2,100 shares during the period. EMC Co. ( NYSE:EMC ) traded down 2.36% during trading on Monday, hitting $23.97. 15,707,153 shares of the stock traded hands. The firm has a 50-day moving average price of $24.89 and a 200 day moving average price of $25.42. EMC Co. has a 52-week low of $22.66 and a 52-week high of $29.24. The company has a market cap of $46.57 billion and a P/E ratio of 23.73. EMC (NYSE:EMC) last released its earnings results on Wednesday, January 27th. The information technology service provider reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. The business earned $7 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that EMC Co. will post $1.87 EPS for the current year. The firm also recently announced a quarterly dividend, which was paid on Friday, January 22nd. Stockholders of record on Monday, January 4th were given a $0.115 dividend. This is a boost from EMC’s previous quarterly dividend of $0.10. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, December 30th. A number of research analysts recently commented on the stock. CLSA lowered shares of EMC from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 13th. Credit Agricole downgraded shares of EMC from an “outperform” rating to an “underperform” rating in a report on Tuesday, October 13th. Argus downgraded shares of EMC from a “buy” rating to a “hold” rating and cut their price objective for the company from $33.15 to $24.05 in a report on Tuesday, October 13th. Longbow Research reissued a “buy” rating on shares of EMC in a report on Tuesday, October 13th. Finally, Vetr downgraded shares of EMC from a “buy” rating to a “hold” rating and set a $28.25 price objective for the company. in a report on Monday, October 12th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. EMC currently has a consensus rating of “Buy” and a consensus price target of $29.35. EMC Corporation ( NYSE:EMC ) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. This story was originally published by American Banking News (http://www.americanbankingnews.com) and is the sole property of American Banking News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.americanbankingnews.com/2016/02/08/coconut-grove-bank-invests-293000-in-emc-co-emc-2/ Receive News & Ratings for EMC Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMC Co. and related companies with MarketBeat.com's FREE daily email newsletter . Leave a Reply

  • Where is Coconut Grove Bank's headquarters?

    Coconut Grove Bank's headquarters is located at 2701 South Bayshore Drive, Miami.

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