Chicago Equity Partners LLC decreased its position in Cummins (NYSE:CMI) by 9.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,290 shares of the company’s stock after selling 3,515 shares during the period. Chicago Equity Partners LLC’s holdings in Cummins were worth $5,720,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisor Partners LLC boosted its holdings in shares of Cummins by 8.1% in the fourth quarter. Advisor Partners LLC now owns 3,596 shares of the company’s stock valued at $680,000 after purchasing an additional 269 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Cummins by 6.4% in the fourth quarter. Parallel Advisors LLC now owns 5,004 shares of the company’s stock valued at $884,000 after purchasing an additional 303 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Cummins by 1.1% in the fourth quarter. Baird Financial Group Inc. now owns 28,069 shares of the company’s stock valued at $4,958,000 after purchasing an additional 310 shares during the period. Jacobs & Co. CA boosted its holdings in shares of Cummins by 1.3% in the fourth quarter. Jacobs & Co. CA now owns 25,673 shares of the company’s stock valued at $4,483,000 after purchasing an additional 330 shares during the period. Finally, Blue Chip Partners Inc. boosted its holdings in shares of Cummins by 9.2% in the fourth quarter. Blue Chip Partners Inc. now owns 4,179 shares of the company’s stock valued at $738,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.
Top Blue Chip Stocks To Watch Right Now: HSBC Holdings plc(HSBC)
Advisors' Opinion:- [By Stephan Byrd]
HSBC (NYSE:HSBC) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, The Fly reports.
- [By ]
HSBC Holdings PLC (NYSE: HSBC)
In order to grow, economies need capital. HSBC has it. With $2.52 trillion in total assets, HSBC holds the spot as the world's seventh largest bank by total assets and is currently ranked as Europe's largest bank. Covering the full gamut of financial services, from banking to wealth management to capital markets, HSBC's international and emerging market focus make the bank the company to own going forward. Also, normalizing interest rates should benefit the company's bottom line. - [By Lee Jackson]
This is a top international financial and a solid purchase for growth and income accounts. HSBC Holdings PLC (NYSE: HSBC) is the leading cross-border international banking group, with particular strength in Asia, but also the United Kingdom, Middle East and the Americas. Regional franchises are largely focused on retail and business banking in the U.K. and Hong Kong home markets.
- [By Shane Hupp]
Flagstar Bancorp (NYSE: HSBC) and HSBC (NYSE:HSBC) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, dividends, risk, institutional ownership, valuation, profitability and analyst recommendations.
- [By Shane Hupp]
Oppenheimer & Co. Inc. lifted its position in HSBC Holdings plc (NYSE:HSBC) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,288 shares of the financial services provider’s stock after purchasing an additional 2,468 shares during the period. Oppenheimer & Co. Inc.’s holdings in HSBC were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Top Blue Chip Stocks To Watch Right Now: GlaxoSmithKline PLC(GSK)
Advisors' Opinion:- [By ]
While vaccines are not thought to be as effective this year, the severity of the season could drive higher volume for drug makers. Experts have said the AstraZeneca (NYSE: AZN) vaccine FluMist may not be effective against this year's strain of flu and are instead recommending the Sanofi (NYSE: SNY) FluZone vaccine. GlaxoSmithKline (NYSE: GSK) has recently been approved for use of its FluLaval vaccine in children as young as six months.
- [By Shane Hupp]
GlaxoSmithKline plc (LON:GSK) has been given a consensus recommendation of “Hold” by the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,602.89 ($20.45).
- [By Daniel B. Kline]
The company did that with its recent $5.1 billion deal to acquire Costa Limited, a coffee company that's a major brand in the United Kingdom and in roughly 30 other markets. Now, The Sunday Telegraph reports that Coke is considering a $3.9 billion bid for Horlicks, a malt-based "health drink" currently owned by GlaxoSmithKline (NYSE:GSK).
Top Blue Chip Stocks To Watch Right Now: Cliffs Natural Resources Inc.(CLF)
Advisors' Opinion:- [By Garrett Baldwin] Shares of General Electric Co. (NYSE: GE) are in focus after the company reported earnings before the bell. GE stock popped 5.6% after the firm topped earnings per share (EPS) estimates by $0.05 and backed its 2018 outlook. The firm reported EPS of $0.16 on top of $28.66 billion in revenue. GE stock had been off nearly 18% from its last earnings report on January 24 due to ongoing financial and legal problems. Crude oil prices dipped Friday after U.S. President Donald Trump took aim at OPEC. Trump accused the cartel of keeping oil prices "artificially high" despite "record amounts of oil all over the place." Brent crude and WTI crude oil both hit three-year highs this week after Saudi Arabia suggested that it was working to press oil prices back above $100 per barrel. Three Stocks to Watch Today: PM, MO, WFC Shares of Philip Morris International Inc. (NYSE: PM) fell this morning after the firm experienced its worst trading day since its spin-off from Altria Group Inc. (NYSE: MO). Shares of PM fell as much as 16% after the firm fell short of revenue expectations after the bell. MO stock fell roughly 6% on the day. Shares of Wells Fargo & Co. (NYSE: WFC) are under pressure after The New York Times reported that the firm may be facing a $1 billion fine. The fines would cover a variety of "alleged" misdeeds that include the firm's push on customers to purchase auto insurance they didn't need and charging mortgage customers fees for services that they were not using. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will most likely announce the fine today. Money Morning Capital Wave Strategist Shah Gilani weighed in on the topic this week, and he offers a scorching indictment. Qualcomm Inc. (Nasdaq: QCOM) is on the move today after the semiconductor giant announced plans to lay off 1,500 employees. The cuts are expected to hit employees in California and cities around the globe. The cuts are part of the fi
- [By Tyler Crowe, Rich Smith, and Keith Noonan]
A stock that gains 25% in less than a year is going to turn a lot of heads on Wall Street. It's also going to make you ask yourself if the stock still has lots of room to run or if it's headed for a crash. Three companies that have gained more than that amount this year are Baozun (NASDAQ:BZUN), SolarEdge Technologies (NASDAQ:SEDG), and Cleveland-Cliffs (NYSE:CLF).
- [By Ethan Ryder]
Shares of Cleveland-Cliffs Inc (NYSE:CLF) have received an average rating of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $11.40.
- [By Tyler Crowe]
It wasn't that long ago that Cleveland-Cliffs (NYSE:CLF) looked like a company on the brink of insolvency. A few incredibly ill-advised investments right at the height of the commodity boom in 2010 left the company with loads of unprofitable assets and an onerous debt load. These factors were a large reason activist investors shook things up and put current CEO Lourenco Goncalves in charge.
- [By Max Byerly]
COPYRIGHT VIOLATION WARNING: “BB&T Securities LLC Grows Position in Cleveland-Cliffs Inc (CLF)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4158309/bbt-securities-llc-grows-position-in-cleveland-cliffs-inc-clf.html.
- [By Ethan Ryder]
An issue of Cleveland-Cliffs Inc (NYSE:CLF) bonds fell 1.1% as a percentage of their face value during trading on Wednesday. The high-yield issue of debt has a 5.75% coupon and will mature on March 1, 2025. The debt is now trading at $95.44 and was trading at $97.00 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
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