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Wells Fargo & Company reported earnings of $1.43 per share, surpassing estimates of $1.34, while revenue reached $20.38 billion, slightly below the expected $20.58 billion. The company declared a quarterly dividend of $0.40, yielding 2.26%, and has a payout ratio of 29.74%. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $74.97.
Cars.com (NYSE:CARS) saw its price target lowered by JPMorgan Chase & Co. from $17.00 to $14.00, maintaining a "neutral" rating, while Barrington Research set a higher target of $25.00 with an "outperform" rating. The stock currently has a "Moderate Buy" rating with an average target price of $19.90, trading at $11.82, down from a 12-month high of $21.24. Hedge funds hold 89.15% of the company's stock, indicating strong institutional interest.
Gordian Capital Singapore Pte Ltd now holds 8,500 shares of Vertiv, valued at $846,000, after acquiring 4,500 shares last quarter. Nordea Investment Management AB significantly increased its stake by 3,417.9%, owning 964,104 shares worth $110,544,000. Institutional investors control 89.92% of the stock, while Barclays has lowered its price target for Vertiv from $111.00 to $100.00, maintaining an equal weight rating. Vertiv's stock is currently under pressure, trading at $81.73, with a market cap of $31.12 billion and a recent quarterly EPS of $0.99.
JPMorgan Chase & Co. has reduced its price target for Enphase Energy from $112 to $91, maintaining an "overweight" rating. Currently, the stock has a consensus rating of "Hold" with a price target of $90.42, while shares opened at $61.63, down from a one-year high of $141.63. Recent earnings showed a $0.57 EPS, missing estimates, and the company has a market cap of $8.16 billion.
Laiqon has appointed a former UBS executive to its Board of Directors, enhancing its leadership team. Henrik af Donner, who previously served as managing partner at Meander Capital, has been named Head of Sales for Northern Europe at BNP Paribas Asset Management, bringing extensive experience from Axa Investment Managers and UBS Global Asset Management.
Barclays PLC increased its stake in Colgate-Palmolive to 7,644,189 shares valued at $793.5 million, while State Street Corp and Nordea Investment Management also expanded their holdings. Analysts have adjusted price targets for the stock, with UBS Group setting a new target of $104, indicating a potential upside of 17.93%. Colgate-Palmolive's shares traded at $88.19, with a market cap of $72.05 billion and a P/E ratio of 25.26.
Nordea Investment Management AB
Companies
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