Earnings Estimates

Investment Income – Operating represents investment income and losses, as well as dividend income received from invested assets. It may be reported as either a negative or a positive figure on the income statement.

Investment Income, Non-Operating represents income, other than interest, from investment securities. Such income may include dividend income, gain/loss on sale of investment securities, equity earnings in affiliates, unconsolidated subsidiaries or joint ventures (before taxes), or any other investment income.

Investment Securities Gains represents gains on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.

Investment Securities Losses represents losses on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.

Investment Securities, Gains/Losses represents a reversal of gains/losses on the sale of investment securities for banks and insurance companies. Although investments in securities other than investments in affiliated companies qualify as operating assets for banks and insurance companies, changes in such items are reported as investing activities, and gains/losses on the sale of such investments are reported as an elimination of gains/losses in the operating section.

Investment, Net represents changes in investments in securities. It is utilized when a company does not delineate the sale of investments and the purchase of investments on the cash flow statement.

Identifies the value, percent of shares outstanding, and number of shares held by top 10, top 25, top 50 and all institutional investors.

Value ($MM) – Is the sum of the top 10, top 20, top 50 and all institutional investors. Value is calculated for each holder by multiplying (closing stock price at the position date) * (share position).

%O/S(percent of outstanding shares held) – Is calculated by dividing the shares held by most recently reported total shares outstanding.

Identifies the value, percent of shares outstanding, and number of shares held by top 10, top 20, top 50 and all institutional investors.

Value ($MM) Is the sum of the top 10, top 20, top 50 and all institutional investors. Value is calculated for each holder by multiplying (closing stock price at the position date) * (share position). %O/S (percent of outstanding shares held) Is calculated by dividing the shares held by most recently reported total shares outstanding.

Identifies buyers, sellers, and calculates net change by comparing current ownership to previously reported positions.

Value Chg ($MM) – Is calculated by subtracting the total sum of current positions from total sum of previous positions.

%O/S (percent of outstanding shares held) – Is calculated by dividing the share change by most recently reported total shares outstanding.

Identifies buyers, sellers, and calculates net change by comparing current ownership to previously reported positions.

Value Chg ($MM) Is calculated by subtracting the total sum of current positions from total sum of previous positions.
%O/S (percent of outstanding shares held) Is calculated by dividing the share change by most recently reported total shares outstanding.