PEAPACK GLADSTONE FINANCIAL CORP Buys 1, Sells 4 in 2nd Quarter

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Aug 13, 2022
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PEAPACK GLADSTONE FINANCIAL CORP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

500 HILLS DRIVE BEDMINSTER, NJ 07921

As of the latest 13F report, the guru’s equity portfolio contained 652 stocks valued at a total of $4.38Bil. The top holdings were AAPL(4.28%), Y(3.38%), and MSFT(2.55%).

According to GuruFocus data, these were PEAPACK GLADSTONE FINANCIAL CORP’s top five trades of the quarter.

Comcast Corp


PEAPACK GLADSTONE FINANCIAL CORP reduced their investment in NAS:CMCSA by 177,977 shares. The trade had a 0.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $42.94.

On 08/13/2022, Comcast Corp traded for a price of $40 per share and a market cap of $176.53Bil. The stock has returned -30.48% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Comcast Corp has a price-earnings ratio of 13.08, a price-book ratio of 1.92, a price-earnings-to-growth (PEG) ratio of 1.79, a EV-to-Ebitda ratio of 7.22 and a price-sales ratio of 1.50.

The price-to-GF Value ratio is 0.76, earning the stock a GF Value rank of 10.

Qualcomm Inc


PEAPACK GLADSTONE FINANCIAL CORP reduced their investment in NAS:QCOM by 45,151 shares. The trade had a 0.14% impact on the equity portfolio. During the quarter, the stock traded for an average price of $136.07.

On 08/13/2022, Qualcomm Inc traded for a price of $151.29 per share and a market cap of $169.90Bil. The stock has returned 4.71% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Qualcomm Inc has a price-earnings ratio of 13.37, a price-book ratio of 10.62, a price-earnings-to-growth (PEG) ratio of 0.63, a EV-to-Ebitda ratio of 10.53 and a price-sales ratio of 4.09.

The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.

Apple Inc


PEAPACK GLADSTONE FINANCIAL CORP reduced their investment in NAS:AAPL by 35,799 shares. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $151.81.

On 08/13/2022, Apple Inc traded for a price of $172.1 per share and a market cap of $2,765.78Bil. The stock has returned 16.19% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Apple Inc has a price-earnings ratio of 28.38, a price-book ratio of 47.64, a price-earnings-to-growth (PEG) ratio of 2.00, a EV-to-Ebitda ratio of 21.54 and a price-sales ratio of 7.33.

The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 6.

iShares iBoxx USD Investment Grade Corporate Bond ETF


During the quarter, PEAPACK GLADSTONE FINANCIAL CORP bought 51,075 shares of ARCA:LQD for a total holding of 53,656. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $112.46.

On 08/13/2022, iShares iBoxx USD Investment Grade Corporate Bond ETF traded for a price of $114.24 per share and a market cap of $36.24Bil. The stock has returned -12.90% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

SVB Financial Group


The guru sold out of their 11,164-share investment in NAS:SIVB. Previously, the stock had a 0.12% weight in the equity portfolio. Shares traded for an average price of $472.45 during the quarter.

On 08/13/2022, SVB Financial Group traded for a price of $464.24 per share and a market cap of $27.43Bil. The stock has returned -21.44% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, SVB Financial Group has a price-earnings ratio of 17.86, a price-book ratio of 2.23, a price-earnings-to-growth (PEG) ratio of 0.72 and a price-sales ratio of 4.47.

The price-to-GF Value ratio is 0.94, earning the stock a GF Value rank of 9.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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