Truist Financial Corp Trims Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Truist Financial Corp trimmed its holdings in CBIZ, Inc. (NYSE:CBZ) by 5.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,138 shares of the business services provider’s stock after selling 817 shares during the quarter. Truist Financial Corp’s holdings in CBIZ were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CBZ. Creative Planning grew its stake in CBIZ by 10.2% in the 3rd quarter. Creative Planning now owns 17,562 shares of the business services provider’s stock valued at $1,182,000 after buying an additional 1,630 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in CBIZ by 70.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,800 shares of the business services provider’s stock valued at $2,476,000 after buying an additional 15,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in CBIZ by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock valued at $1,111,000 after buying an additional 279 shares in the last quarter. US Bancorp DE grew its stake in CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after buying an additional 249 shares in the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in CBIZ in the 3rd quarter valued at approximately $740,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBZ. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a report on Thursday.

CBIZ Trading Up 0.2 %

CBIZ stock opened at $78.24 on Friday. The stock has a market cap of $3.93 billion, a P/E ratio of 33.15 and a beta of 0.95. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $90.13. The firm’s fifty day moving average price is $84.16 and its 200-day moving average price is $76.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.