Holding Company – Render Boy http://render-boy.com/ Wed, 23 Nov 2022 17:03:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://render-boy.com/wp-content/uploads/2021/04/render-boy-icon-150x150.png Holding Company – Render Boy http://render-boy.com/ 32 32 FERC Expands Definition of Affiliate; Increases Surveillance of Investors and Utilities | Steptoe & Johnson LLC https://render-boy.com/ferc-expands-definition-of-affiliate-increases-surveillance-of-investors-and-utilities-steptoe-johnson-llc/ Wed, 23 Nov 2022 16:33:49 +0000 https://render-boy.com/ferc-expands-definition-of-affiliate-increases-surveillance-of-investors-and-utilities-steptoe-johnson-llc/
On October 20, 2022, the Federal Energy Regulatory Commission (FERC) issued two orders expanding the definition of “affiliate” under federal electricity regulations. In accordance with Evergy Kansas Cent., Inc. and TransAlta Energy Mktg. (the “Orders”), FERC now considers an affiliate any person or company that has the power to appoint a member of the board of directors of a jurisdictional utility of FERC or its holding company. It is important to note that FERC has not indicated that the changes will be applied retroactively; however, the orders will have a prospective impact on FERC’s jurisdictional utilities and their third-party investors on two main fronts: market-based rate authorizations and utility transactions.
Prior to the orders, FERC used a threshold of 10% control to determine whether an entity was a subsidiary of a jurisdictional utility of FERC. Investors falling below the threshold had a rebuttable presumption of lack of control of the utility or holding company in question, and were therefore not considered affiliates. The previous clear line rule allowed third-party investors to acquire and hold FERC jurisdictional utility interests of up to 10% while avoiding the stringent regulatory hurdles imposed by Sections 203 and 205 of the Federal Power Act (FPA). With the changes imposed by the orders, investors can expect increased scrutiny from FERC.

Below Section 205 of the FPA, FERC has the authority to require authorization for electricity sales at market rates. To receive such authorization, utilities must demonstrate that they lack horizontal and vertical market power. In determining market power, FERC considers the market control of the utility in question and all subsidiaries operating in their area. In accordance with Evergy, a third-party entity is now considered an affiliate if only one member of the board of directors is “accountable” to said third-party entity. Importantly, FERC has not defined “responsible”; therefore, it will be important to work with legal counsel to monitor future developments to clarify this issue.

The order issued in Trans Alta will have a similar impact on utility transactions. Below Section 203 of the FPA, FERC must approve transactions that result in a “change of control” of a jurisdictional utility of FERC. Prior to Trans Alta, third-party investors held a rebuttable presumption that a change of control does not occur if the investor acquires less than 10% of the utility in question. Consequently Trans Altaif a transaction results in a third-party investor appointing a board member “accountable to the investor,” the transaction will require FERC’s prior approval.
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Post Holdings, Inc. (NYSE:POST) Receives Consensus ‘Moderate Buy’ Recommendation From Analysts https://render-boy.com/post-holdings-inc-nysepost-receives-consensus-moderate-buy-recommendation-from-analysts/ Fri, 18 Nov 2022 08:26:10 +0000 https://render-boy.com/post-holdings-inc-nysepost-receives-consensus-moderate-buy-recommendation-from-analysts/

Shares of Post Holdings, Inc. (New York Stock Exchange: POSTGet a rating) received an average rating of “moderate buy” from the eight research companies that currently cover the business, MarketBeat.com reports. Two analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The average 1-year target price among analysts who have rated the stock over the past year is $92.00.

A number of stock analysts have recently commented on the stock. Evercore ISI raised its price target on Post shares to $98.00 in a Monday, August 15 report. Piper Sandler lowered her price target on Post shares to $107.00 in a Thursday, October 13 report. Stifel Nicolaus raised his price target on Post shares from $95.00 to $100.00 in a Monday, August 8 report. To finish, StockNews.com launched coverage on Post shares in a research report on Wednesday, October 12. They set a “hold” rating for the company.

Institutional post office

Hedge funds have recently changed their positions in the stock. Quadrant Capital Group LLC increased its position in Post by 48.8% in the third quarter. Quadrant Capital Group LLC now owns 357 shares of the company worth $29,000 after purchasing an additional 117 shares during the period. Victory Capital Management Inc. increased its position in Post shares by 1.0% in the second quarter. Victory Capital Management Inc. now owns 12,830 shares of the company valued at $1,057,000 after acquiring 128 additional shares during the period. Exchange Traded Concepts LLC increased its position in Post stock by 2.3% in the second quarter. Exchange Traded Concepts LLC now owns 5,786 shares of the company valued at $476,000 after acquiring 132 additional shares during the period. Rockefeller Capital Management LP increased its position in Post shares by 20.4% in the third quarter. Rockefeller Capital Management LP now owns 962 shares of the company valued at $78,000 after acquiring 163 additional shares during the period. Finally, Texas Permanent School Fund increased its position in Post shares by 0.4% in the second quarter. Texas Permanent School Fund now owns 40,513 shares of the company valued at $3,336,000 after acquiring an additional 166 shares during the period. 90.33% of the shares are held by institutional investors.

Performance after stock

Shares of New York Stock Exchange: POST opened at $89.61 on Friday. The company’s 50-day simple moving average is $86.36 and its 200-day simple moving average is $84.32. The stock has a market capitalization of $5.35 billion, a price-earnings ratio of 7.96 and a beta of 0.64. Post has a 1-year low of $62.83 and a 1-year high of $92.26. The company has a debt ratio of 1.77, a current ratio of 3.02 and a quick ratio of 2.33.

About the post

(Get a rating)

Post Holdings, Inc. operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post-Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands. The Post Consumer Brands segment manufactures, markets and sells branded and private label ready-to-eat (RTE) cereals and hot cereals.

Featured articles

Analyst Recommendations for Post (NYSE: POST)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Post, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Post wasn’t on the list.

Although Post currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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TFS Financial Corporation Declares Dividend https://render-boy.com/tfs-financial-corporation-declares-dividend/ Tue, 15 Nov 2022 21:34:01 +0000 https://render-boy.com/tfs-financial-corporation-declares-dividend/

TFS Financial Corporation (NASDAQ: TFSL) (the “Company”), the holding company of the Third Federal Savings and Loan Association of Cleveland (the “Association”), today announced that the Board of Directors has declared a quarterly cash dividend of $0.2825 per share. , payable on December 13, 2022 to shareholders of record on November 29, 2022.

This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20221115006449/en/

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Third Federal Savings and Loan Association of Cleveland, MHC (the “MHC”), the Company’s mutual holding company and owner of 227,119,132 shares, or 81.0% of the Company’s outstanding common stock, has waived his right to receive the dividend on his shares.

On July 12, 2022, MHC received approval from its members (depositors and certain lending clients of the Association) regarding the waiver of dividends, and subsequently received no objection from the Federal Reserve Bank of Cleveland , to waive the receipt of dividends on the common shares of the Company held by MHC up to an aggregate amount of $1.13 per share during the four quarters ending June 30, 2023. MHC has previously waived receive dividends paid by the Company in the aggregate amount of $0.2825 per share during the quarter ending September 30, 2022.

Third Federal is a leading provider of savings and mortgage products and operates under the values ​​of love, trust, respect, commitment to excellence and fun. Founded in Cleveland in 1938 as a membership association by Ben and Gerome Stefanski, Third Federal’s mission is to help people realize their dream of home ownership and financial security. It became a public company in 2007. Third Federal, which lends in 25 states and the District of Columbia, is dedicated to serving consumers with competitive rates and exceptional service. Third Federal, an equal housing lender, has 21 full-service branches in northeast Ohio, five loan offices in central and southern Ohio, and 16 full-service branches throughout Florida. As of September 30, 2022, the Company’s assets totaled $15.79 billion.

This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. Forward-looking statements contained herein include, but are not limited to, the Company’s plans with respect to its dividends. These forward-looking statements involve risks and uncertainties that could cause the Company’s results to differ materially from management’s current expectations. The company’s risks and uncertainties are detailed in its filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. Forward-looking statements are based on beliefs and our management’s assumptions. and information currently available. The Company disclaims any responsibility to publicly update or revise any forward-looking statement.

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Short-term stake in Veritex Holdings, Inc. (NASDAQ:VBTX) increases 33.3% https://render-boy.com/short-term-stake-in-veritex-holdings-inc-nasdaqvbtx-increases-33-3/ Sat, 12 Nov 2022 19:59:13 +0000 https://render-boy.com/short-term-stake-in-veritex-holdings-inc-nasdaqvbtx-increases-33-3/

Veritex Holdings, Inc. (NASDAQ:VBTXGet a rating) recorded a sharp increase in short-term interest during the month of October. As of October 31, there was short interest totaling 1,400,000 shares, an increase of 33.3% from the total of 1,050,000 shares as of October 15. Based on an average daily trading volume of 314,200 shares, the day-to-cover ratio is currently 4.5 days.

Veritex Stock Performance

Veritex stock traded down $0.05 during Friday’s midday session, hitting $32.55. 228,157 shares of the company were traded, compared to its average volume of 340,088. The company has a 50-day simple moving average of $29.07 and a two-hundred-day simple moving average of $30.79 . Veritex has a fifty-two week low of $26.14 and a fifty-two week high of $43.71. The stock has a market capitalization of $1.76 billion, a price-earnings ratio of 11.63 and a beta of 1.47. The company has a debt ratio of 0.98, a current ratio of 1.05 and a quick ratio of 1.05.

Veritex (NASDAQ:VBTXGet a rating) last announced its quarterly results on Tuesday, October 25. The financial services provider reported earnings per share (EPS) of $0.80 for the quarter, beating the consensus estimate of $0.79 by $0.01. Veritex had a return on equity of 10.70% and a net margin of 33.87%. The company posted revenue of $114.06 million in the quarter, versus a consensus estimate of $109.70 million. On average, research analysts expect Veritex to post EPS of 2.88 for the current fiscal year.

Veritex announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25. Shareholders of record on Friday, November 11 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 2.46%. The ex-date of this dividend is Wednesday, November 9. Veritex’s dividend payout ratio is currently 28.57%.

Changes to analyst ratings

VBTX has been the subject of several recent analyst reports. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 19. Stephens raised its price target on Veritex from $32.00 to $38.00 and gave the company an “equal weight” rating in a Thursday, October 27 report. Raymond James raised his price target on Veritex from $36.00 to $38.00 and gave the company an “outperform” rating in a Thursday, October 27 report. Finally, Piper Sandler cut her price target on Veritex to $36.00 in a Thursday, September 29 report. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.33.

Institutional investors weigh in on Veritex

A number of hedge funds and other institutional investors have recently changed their holdings in VBTX. Assetmark Inc. increased its holdings of Veritex shares by 610.0% during the second quarter. Assetmark Inc. now owns 1,065 shares of the financial services provider worth $31,000 after buying 915 additional shares in the last quarter. Lazard Asset Management LLC acquired a new equity stake in Veritex during the first quarter at a value of $33,000. Private Capital Group LLC increased its position in Veritex shares by 122.1% in the second quarter. Private Capital Group LLC now owns 1,288 shares of the financial services provider worth $38,000 after purchasing an additional 708 shares during the period. Point72 Hong Kong Ltd bought a new position in Veritex shares in the first quarter worth $41,000. Finally, Picton Mahoney Asset Management bought a new position in Veritex stock in the third quarter worth $60,000. Institutional investors and hedge funds own 89.32% of the company’s shares.

About Veritex

(Get a rating)

Veritex Holdings, Inc. operates as a bank holding company for Veritex Community Bank which provides various commercial banking products and services to small and medium businesses and professionals. The Company accepts deposit products including current, savings, money market and term accounts. Its lending products include Commercial and General Commercial Real Estate, Warehouse Mortgages, Residential Real Estate, Construction and Land, Farmland, Consumer, Paycheck Protection Program, Residential Lending for 1 to 4 families, agricultural, multi-family residential and consumer, as well as in the form of purchased receivables financing.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Veritex, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Veritex wasn’t on the list.

Although Veritex currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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10 Sure Dividend Stocks Yielding Above 3% https://render-boy.com/10-sure-dividend-stocks-yielding-above-3/ Wed, 09 Nov 2022 20:42:49 +0000 https://render-boy.com/10-sure-dividend-stocks-yielding-above-3/

In this article, we discuss the 10 safe dividend stocks with a yield above 3%. If you want to skip our detailed analysis of these stocks, go directly to 5 Sure Dividend Stocks Yielding Over 3%.

Investors are flocking to dividend stocks this year amid the broader bloodbath crushing growth stocks. Dividend stocks that are used to increasing their payouts have become attractive because they offer a kind of safety for investors hungry for certainty, as the Fed has no intention of slowing interest rate hikes.

Earlier this year, the Wall Street Journal cited Credit Suisse analysts, who said high-dividend stocks have continued to outperform companies with lower payouts since 2020. The WSJ report also quoted Max Wasserman, the founder of Miramar Capital, who said:

“If I have a choice between buying more of your stock from you or giving me the money…I’d rather have the money.”

Analysts believe the popularity of dividend-paying stocks is set to continue over the next year as investors now prefer stocks that pay stable payouts to growing companies that promise earnings far into the future, which is anything but. certain. The same WSJ article mentioned that as of May 24, the S&P 500 High Dividend Index was up 3.6% this year, compared to a 13% decline for the S&P 500 Buyback Index over the same period.

Beginner investors who are budget constrained are also crowding into dividend ETFs, which offer more diversification and risk mitigation.

Picture by Steve Buissinne of Pixabay

Methodology

For this article, we have selected dividend-paying stocks that are yielding more than 3% as of October 26. We also mentioned the number of hedge funds with holdings in these companies based on the Insider Monkey database of 865 hedge funds tracked at the end of the second quarter of this year. Our analysis also indicated that hedge funds prefer dividend stocks this year. They are also establishing large stakes in defensive players to prepare for a possible recession.

Dividend safe stocks with a yield above 3%

10. Real Estate Income Corporation (New York stock market :O)

Realty Income Corporation (NYSE:O) has become perhaps one of the most attractive dividend plays in 2022 for several reasons, the most important being the company’s monthly payouts. This monthly dividend stock, whose yield was more than 4% as of October 26, has increased its dividend for 26 years now. The current macroeconomic uncertainty and inflation did not prevent the company from breaking its dividend growth streak, as it announced a 0.2% increase in its dividend in October. Realty Income Corporation (NYSE:O) also recently announced that it invested approximately $1.8 billion in properties and properties under development or expansion in the third quarter, bringing its total investments to $5 billion.

Of the 895 hedge funds tracked by Insider Monkey, 19 held stakes in the company at the end of the June quarter, up from 22 in the previous quarter.

Stuart J. Zimmer’s Zimmer Partners was the company’s largest shareholder at the end of June with a stake worth more than $51 million.

9. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a high-yielding, dividend-paying stock that has seen its payout rise steadily over the past 47 years. The stock’s dividend yield is around 5.4% as of October 26. In October, the stock surged after the company reported strong fourth quarter results and also released guidance for fiscal year 2023. Fourth quarter revenue was $32.45 billion. dollars, exceeding estimates. . Walgreens Boots Alliance, Inc. (NASDAQ:WBA) increased its fiscal 2025 U.S. healthcare sales target to $11 billion to $12 billion, from the previous target from $9 billion to $10 billion. The segment is expected to achieve positive adjusted EBITDA by fiscal 2024.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) also reiterated its expectation of achieving teen-adjusted EPS growth in fiscal year 2025.

Hedge funds continue to pile on this strong stock despite macro volatility. 40 elite funds in the Insider Monkey database were WBA long at the end of the second quarter, up from 38 funds in the previous quarter. Stephen Dubois’ Camber Capital Management was the company’s largest shareholder at the end of the June quarter, as it held a $107 million stake in the company.

here Aristotle Capital Management Global Equity has to say about Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in its Q1 2022 Letter to Investors:

“We first invested in Walgreens Boots Alliance in early 2013. During our ownership period, Walgreens merged with UK-based Boots Alliance, establishing itself as one of the leading retail pharmacy chains in the world. world. CEO Stefano Pessina has set the company on a path of pursuing strategic partnerships (as opposed to vertical integration agreements) to increase in-store traffic and, over time, transform the company into a health destination of neighborhood around a more modern pharmacy. Thanks to its strong generation of FREE cash flow, the company has stepped up its investments in technology, aimed at accelerating the digitization of health information. Mr. Pessina, however, failed to turn around the company’s U.S. retail segment and faced mounting pressure on reimbursement for prescription drugs. He stepped down as CEO in 2020 and in 2021 Roz Brewer took over as CEO. We admire Ms. Brewer’s impressive track record at companies such as Starbucks (NASDAQ:SBUX) and Walmart (Sam’s Club). However, given management’s decision to divest core cash-generating businesses and redeploy capital to embryonic healthcare startups, we prefer to step aside while we monitor the company’s progress. »

8. Telephone and Data Systems, Inc. (New York stock market :TD)

Telephone and Data Systems, Inc. (NYSE:TDS) is a United States-based telecommunications services company. Although the company has a market capitalization of only $1.8 billion, its dividend yield stands at 4.48% and it has steadily increased its dividend for the past 48 years. In September, Citi included the stock among its top buys in the communications sector.

Over the past 30 days, the stock is up 11%, as of October 26. Telephone and Data Systems, Inc. (NYSE:TDS) saw a spike in hedge fund sentiment in the second quarter. Of the 895 funds tracked by Insider Monkey, 16 funds reported holdings in the company at the end of the quarter, up from 12 funds in the prior quarter.

Several notable hedge funds are major players in TDS, as of the end of the second quarter. For example, the company’s largest stakeholder in our database was Mario Gabelli’s GAMCO, who reported holding a $27 million stake in the company at the end of June this year.

7. Stanley Black & Decker, Inc. (New York stock market :SWK)

Stanley Black & Decker, Inc. (NYSE: SWK) is a Fortune 500 company that sells household and hardware products. The stock has a dividend yield of 4% as of October 26. This company has increased its dividend for 55 years without interruption. Stanley Black & Decker, Inc. (NYSE: SWK) operates in the power tool market and is exposed to cyclical trends. It also has huge exposure to international markets, which creates problems when foreign currency headwinds are strong. The stock has lost 57% in value since the start of the year. However, analysts believe that the company could perform well when inflation starts to decline around the world.

At the end of the second quarter, 32 hedge funds tracked by Insider Monkey held stakes in Stanley Black & Decker, Inc. (NYSE: SWK). The total value of these interests was approximately $497 million. This is compared to 38 funds in the prior quarter that had holdings worth $922 million. Billionaire DE Shaw had a $99 million stake in the company at the end of the June quarter, according to the Insider Monkey database.

here what Saturna Capital Sextant Funds has to say about Stanley Black & Decker, Inc. in its Q3 2021 Letter to Investors:

“Stanley Black & Decker performed well during the first part of the year, but struggled over the summer. China accounts for a large portion of its production, and its zero-tolerance approach to measures security in the event of a pandemic has led to disruptions, compounded by difficulties in shipping and increased expenditure on materials. We continue to believe that one of the results of the pandemic will be a buoyant home improvement market, given that you never know when the next pandemic lockdown might happen.

6. Northwest Natural Holding Company (New York stock market :NWN)

Northwest Natural Holding Company (NYSE: NWN) is an Oregon-based natural gas supplier. The company is a non-fancy, headline-less dividend stock that has been increasing its payouts for 67 years. Its dividend yield is 4.16% as of October 26. In the second quarter, Northwest Natural Holding Company (NYSE: NWN) GAAP EPS came in at $0.05, beating street consensus by $0.07. Revenue for the period jumped 30.9% year over year to $37.75 million. Northwest Natural Holding Company (NYSE:NWN) reiterated its 2022 earnings forecast. It expects EPS to be between $2.45 and $2.65 per share against the consensus of $2.52.

More importantly, the utility company also reaffirmed its earnings per share growth rate target of 4% to 6% compounded annually from 2022 to 2027.

However, Northwest Natural Holding Company (NYSE:NWN) has recently seen a decline in interest in hedge funds. Only 10 funds in our database of 895 funds reported holdings in the company at the end of the second quarter, down from 22 in the first quarter.

Click to continue reading and view 5 Sure Dividend Stocks Yielding Over 3%.

Suggested items:

Disclosure: none. 10 Sure Dividend Stocks Yielding Above 3% is originally published on Insider Monkey.

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Grand Brilliance Group Holdings Q2 2023 results: EPS: HK$0.002 (vs HK$0.003 in 2Q 2022) https://render-boy.com/grand-brilliance-group-holdings-q2-2023-results-eps-hk0-002-vs-hk0-003-in-2q-2022/ Mon, 07 Nov 2022 00:24:55 +0000 https://render-boy.com/grand-brilliance-group-holdings-q2-2023-results-eps-hk0-002-vs-hk0-003-in-2q-2022/

Grand Brilliance Group Holdings (CHF:8372) Results for the second quarter of 2023

Main financial results

  • Revenue: HK$17.3 million (fixed in Q2 2022).
  • Net profit: HK$1.47 million (down 37% from Q2 2022).
  • Profit margin: 8.5% (vs. 13% in 2Q 2022).
  • EPS: HK$0.002 (vs. HK$0.003 in 2Q 2022).
SEHK: 8372 Earnings & Revenue History November 7, 2022

All figures shown in the table above are for the 12 month period (TTM)

Shares of Grand Brilliance Group Holdings are down 6.8% from a week ago.

Risk analysis

Remember that there may still be risks. For example, we have identified 3 warning signs for Grand Brilliance Group Holdings (1 cannot be skipped) you should be aware.

Valuation is complex, but we help make it simple.

Find out if Grand Brilliance Holdings Group is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Is Lenovo Group Limited (HKG:992) potentially undervalued? https://render-boy.com/is-lenovo-group-limited-hkg992-potentially-undervalued/ Mon, 31 Oct 2022 01:11:55 +0000 https://render-boy.com/is-lenovo-group-limited-hkg992-potentially-undervalued/

While Lenovo Group Limited (HKG:992) may not be the best-known stock right now, it has seen a double-digit share price rise of more than 10% in the past two months on the SEHK. As a mid-cap stock with high analyst coverage, you can assume that any recent changes in the company’s outlook are already priced into the stock. However, could the stock still trade at a relatively cheap price? Let’s take a closer look at Lenovo Group’s valuation and outlook to see if there’s still a bargain opportunity.

Check opportunities and risks within the HK Tech industry.

What is the opportunity in the Lenovo Group?

According to my multiple price model, which compares the company’s price-earnings ratio to the industry average, the stock price seems justified. In this case, I used the Price/Earnings (PE) ratio since there is not enough information to reliably predict the stock’s cash flow. I find that Lenovo Group’s 4.5x ratio trades slightly below the 8.35x ratio of its industry peers, which means that if you buy Lenovo Group today, you’ll pay a decent price for it. And if you think Lenovo Group should be trading at this level for the long term, there’s not a lot of upside to gain over other industry peers. Although there may be an opportunity to buy in the future. This is because Lenovo Group’s beta (a measure of stock price volatility) is high, which means that its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s stock will likely fall more than the rest of the market, providing an excellent buying opportunity.

What kind of growth will Lenovo Group generate?

SEHK: 992 Profit and Revenue Growth Oct 31, 2022

Investors looking for portfolio growth may want to consider a company’s prospects before buying its stock. Although value investors argue that it is intrinsic value relative to price that matters most, a more compelling investment thesis would be high growth potential at a cheap price. Although in the case of Lenovo Group, it is expected to post negative earnings growth of -4.7%, which does not help bolster its investment thesis. It seems that the risk of future uncertainty is high, at least in the short term.

What this means for you

Are you a shareholder? The price of 992 currently looks close to its industry peers, but given the uncertainty of negative returns going forward, now could be a good time to de-risk your portfolio. Is your current exposure to the security optimal for your entire portfolio? And is the opportunity cost of holding a stock with a negative outlook too high? Before deciding on 992, see if its fundamentals have changed.

Are you a potential investor? If you’ve been keeping an eye on 992 for a while, now might not be the best time to buy, given that it’s trading around industry price multiples. This means that there is less benefit from erroneous prices. Additionally, the negative growth outlook increases the risk of owning the stock. However, there are also other important factors that we have not considered today that can help crystallize your opinion on 992 if the price fluctuates below the industry PE ratio.

It can be very useful to consider what analysts expect from the Lenovo Group based on their most recent forecasts. Fortunately, you can consult what analysts predict by clicking here.

If you are no longer interested in Lenovo Group, you can use our free platform to see our list of more 50 other stocks with strong growth potential.

Valuation is complex, but we help make it simple.

Find out if Lenovo Group is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Saudi Kingdom Holding Co. Transfers Ownership of $1.89 Billion in Twitter Shares to Musk’s Twitter https://render-boy.com/saudi-kingdom-holding-co-transfers-ownership-of-1-89-billion-in-twitter-shares-to-musks-twitter/ Fri, 28 Oct 2022 13:29:37 +0000 https://render-boy.com/saudi-kingdom-holding-co-transfers-ownership-of-1-89-billion-in-twitter-shares-to-musks-twitter/

LONDON: Global equity markets slid for the second day in a row on Friday as a weekly wipeout of nearly $1 trillion in high-tech stocks outweighed hopes of a slower rate hike in the Fed and ECB and on the news that the US economy is not in recession.

European stocks and Wall Street futures were both 0.5% lower as Thursday’s weak forecasts from Amazon and Apple sent Europe’s tech sector down more than 2% and the outlook for new COVID-19 restrictions in China hit mining and oil companies.

In bond markets, borrowing costs were also starting to climb again, although what analysts described as a dovish ECB meeting on Thursday meant German 10-year Bund yields were set to see their biggest weekly drop since October. 1987.

The yen weakened again after Bank of Japan Governor Haruhiko Kuroda said he had “no plans to raise interest rates or head for an exit (from interest rates). ‘ultra low interest) anytime soon’ despite rising inflation expectations.

Sharp falls in China meant Asia-Pacific shares closed 1.65% lower at 135 points, just above a 2.5-year low hit on Monday.

MSCI’s main global index, which tracks 47 countries, fell 0.5% on the day even though it, like European and US markets, was heading for its third weekly gain in the past four.

It is the disappointing earnings forecast that has hit the markets in recent days.

Amazon.com and Apple were the latest tech giants to face stiff investor penalties over their numbers on Thursday and nearly $1 trillion could be wiped from big US tech giants this week alone .

Facebook’s parent company Meta plunged 25%, taking its year-to-date plunge to 70% or more than $670 billion in value, while Amazon’s disappointing forecast for the season traditionally lucrative parties allowed him to share more than 13% of pre-market trade. .

“If that holds today, it would drop it to a market cap of less than $1 trillion. In November of last year, we were as high as $1.9 trillion, so a hell of a drop, to say the least,” said Deutsche Bank strategist Jim Reid.

Doves and Bluebirds

The tech damage also raised questions about the $44 billion Tesla billionaire Elon Musk eventually agreed to pay for Twitter.

Musk took to Twitter on Thursday night, immediately firing top executives and tweeting that “the bird is out.”

But he provided little clarity on how to achieve the lofty ambitions he has set for the social media platform, including making it a bastion of free speech and a “super app” that offers everything, from money transfers to shopping and taxis.

The BOJ’s widely expected decision in Asian trade to keep policy loose came less than 24 hours after the European Central Bank raised interest rates by 75 basis points, but said “substantial” progress had already been achieved in the fight against inflation.

Investors are now turning their attention to the Federal Reserve meeting next week. While a 75 basis point rate hike at the end of its November 1-2 policy meeting is all but assured, the probability of a smaller 50 basis point hike in December was 55%, according to the report. CME’s FedWatch tool.

“I don’t think there will be any surprises here (in terms of rate hikes), but it will be more about the message the Fed will deliver,” Societe Generale’s Benzimra said.

The less hawkish comments from the ECB bolstered expectations that central banks will need to ease the pace of monetary tightening, particularly after the Bank of Canada announced a lower-than-expected rate hike on Wednesday.

Citi strategists say markets have started trading a Fed pivot again, but that’s defined as a rise in smaller increments, not a “proper” pivot from bulls to cuts, noting that an actual pause is still far.

“No Powell Pivot, no Santa?” Citi Emerging Economies analysts asked, referring to the so-called “Santa Claus rally” that markets often see towards the end of the year.

In China, the stock market fell 2.25%, with Hong Kong’s Hang Seng index down 3.6%, rounding off a tough week. Dismal industrial earnings numbers and widening COVID-19 outbreaks all weighed on sentiment.

The dollar index rose 0.3% on the day but fell for the second consecutive week. The euro was back below parity at $0.9944, while the BOJ stance pushed the yen down 0.8% to 147.43 to the dollar.

Oil prices also fell 1.3% to $95.7 a barrel of Brent. But they were also on course for a fourth weekly rise in the past five years and many market veterans see prices remaining around $100 a barrel in the months ahead.

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Palomar Holdings, Inc. Announcement – GuruFocus.com https://render-boy.com/palomar-holdings-inc-announcement-gurufocus-com/ Thu, 20 Oct 2022 21:17:49 +0000 https://render-boy.com/palomar-holdings-inc-announcement-gurufocus-com/

LA JOLLA, Calif., Oct. 20, 2022 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (PLMR) (“Palomar”) today announced estimated pretax catastrophe losses of $12.5 million, net of of Reinsurance, for the third quarter of 2022 This anticipates a total retention loss of $12.5 million due to Hurricane Ian. Losses from Hurricane Ian also result in an additional ceded reinsurance premium of $3.1 million, with $1.3 million recognized in the third quarter of 2022 and the remaining $1.8 million recognized on a pro rata basis. October 1, 2022 to May 31, 2023.

Palomar’s financial close and review procedures for the fiscal quarter are not yet complete. Palomar’s loss estimates are subject to change due to the complexity of the claims and the preliminary nature of the information available to prepare the estimates. Updated catastrophe loss estimates will be reflected in Palomar’s third quarter 2022 results.

Additionally, Palomar will release its third quarter 2022 results after market close on Wednesday, November 2, 2022 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Thursday, November 3, 2022.

The conference call can be accessed live by dialing 1-877-423-9813 or, for international callers, 1-201-689-8573, and requesting to join the third quarter 2022 earnings conference call from Palomar. A replay will be available beginning at 3 p.m. (Eastern time) on November 3, 2022 and can be accessed by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode for the replay is 13732950. The replay will be available until 11:59 p.m. EST on November 10, 2022.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging into the Investor Relations section of Palomar’s website at https://ir.palomarspecialty.com/. The online replay will remain available for a limited time beginning immediately after the call.

About Palomar Holdings, Inc.

Palomar Holdings, Inc. is the holding company of the subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc. and Palomar Excess and Surplus Insurance Company (“PESIC”). Palomar is an innovative insurer serving residential and commercial customers in specialty markets, including the earthquake insurance market. Palomar’s insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd. and Palomar Excess and Surplus Insurance Company, have a financial strength rating of “A-” (Excellent) from AM Best.

To learn more, visit plmr.com

Follow Palomar on Facebook, LinkedIn and Twitter: @PLMRInsurance

Contact

Media inquiries
Lindsay Conner
1-551-206-6217
[email protected]

Investor Relations
Jamie Lilis
1-203-428-3223
[email protected]

Source: Palomar Holdings, Inc.

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Is it still a good decision to increase your FedEx (FDX) stake? https://render-boy.com/is-it-still-a-good-decision-to-increase-your-fedex-fdx-stake/ Tue, 18 Oct 2022 17:17:31 +0000 https://render-boy.com/is-it-still-a-good-decision-to-increase-your-fedex-fdx-stake/

Leaven Partners, an investment management firm, has released its third quarter 2022 letter to investors – a copy of which can be downloaded here. Fund assets were down -2.2% in the third quarter and down -8.5% for the year. The halving of earnings growth estimates will generally put downward pressure on stock prices – especially now that the euphoria is dissipating and corporate earnings seem to matter again. Try taking the time to check out the fund’s top 5 holdings to get an idea of ​​their top stock picks in 2022.

In its letter to investors for the third quarter of 2022, Leaven Partners mentioned FedEx Corporation (NYSE:FDX) and explained his ideas for the company. Founded in 1971, FedEx Corporation (NYSE: FDX) is a multinational conglomerate holding company based in Memphis, Tennessee, with a market capitalization of $40.8 billion. FedEx Corporation (NYSE:FDX) has returned -39.31% year-to-date, while its 12-month returns are down -31.55%. The stock closed at $156.98 per share on October 14, 2022.

Here’s what Leaven Partners has to say about FedEx Corporation (NYSE: FDX) in its Q3 2022 Letter to Investors:

In our last quarterly newsletter, I briefly mentioned that the consensus estimates for corporate earnings seemed a little too optimistic. I referenced a Reuters article that reported that as of June 17, Wall Street expects S&P 500 earnings to rise 9.6% in 2022, from 8.8% in April and 8, 4% in January. This tune began to change in late July and accelerated through August and September as major players, such as fedex (NYSE: FDX), recently issued earnings warnings and/or withdrew its guidance. In response, Wall Street changed its outlook: lowering third-quarter earnings growth to 4.6%[2] 7.2% in early August and reducing full-year earnings growth to 4.5%.

Our calculations show that FedEx Corporation (NYSE:FDX) fell short and did not make it to our list of 30 most popular stocks among hedge funds. FedEx Corporation (NYSE:FDX) was in 63 hedge fund portfolios at the end of the second quarter of 2022, up from 52 funds in the prior quarter. FedEx Corporation (NYSE:FDX) has returned -30.36% over the past 3 months.

In October 2022, we also shared another hedge fund’s perspective on FedEx Corporation (NYSE:FDX) by another article. You can find other letters from hedge fund investors and leading investors on our letters to hedge fund investors 2022 Q3 page.

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Disclosure: none. This article originally appeared on Insider Monkey.

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