Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

2/13/24 2:17:07 PM ET

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Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Morgan Stanley $MS	11/15/2024	$142.00	Underweight → Equal Weight	Wells Fargo
BankUnited Inc. $BKU	11/13/2024	$38.00 → $48.00	Equal Weight → Overweight	Wells Fargo
Bridge Investment Group Holdings Inc. $BRDG	11/8/2024	$14.00 → $11.00	Overweight → Equal-Weight	Morgan Stanley
Ally Financial Inc. $ALLY	10/21/2024		Underperform → Mkt Perform	Raymond James
Victory Capital Holdings Inc. $VCTR	10/18/2024	$40.00 → $60.00	Underweight → Equal-Weight	Morgan Stanley
Cohen & Steers Inc $CNS	10/17/2024	$63.00 → $102.00	Sell → Neutral	UBS
Bridge Investment Group Holdings Inc. $BRDG	10/14/2024	$10.00 → $10.50	Buy → Hold	TD Cowen
Blackstone Inc. $BX	10/9/2024	$149.00	Overweight → Neutral	Piper Sandler

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Press Releases

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Financial Advisor Jason L. Zachter joins UBS in New York City
UBS Wealth Management today announced that Jason L. Zachter has joined the firm as a Managing Director and Financial Advisor in Manhattan. He will be based in the firm's 1285 Avenue of the Americas office, run by Market Director Kellie Brady, and will report to Market Director Neal Cooper. Jason brings more than a decade of experience advising successful individuals and families on their wealth management needs. "On behalf of UBS, I'm excited to welcome Jason to the firm," said Kellie Brady, Market Director of the 1285 Avenue of the Americas office at UBS Wealth Management. "Jason brings a wealth of experience, a passion for advising clients on complex financial matters, and his unique pe
11/21/24 10:00:00 AM ET
$UBS
Major Banks
Finance
Morgan Stanley Identifies 6 Key Focus Areas for the Future-Ready Family Office
Morgan Stanley reports on the rising need for flexible structures in family offices Offices adapting to address need to uphold values, safeguard legacies, educate heirs, and maximize tech amid complex markets Morgan Stanley Wealth Management today released a comprehensive report identifying essential focus areas and recommended steps for family offices to target growth more effectively. With the number of family offices projected to expand 75% by 2030,1 trends indicate growing urgency and demand for adaptable structures that help families express values, protect legacies, educate the next generation and leverage technology to navigate cybersecurity challenges and change amid comple
11/21/24 9:30:00 AM ET
$MS
Investment Bankers/Brokers/Service
Finance
Blackstone to Present at the Goldman Sachs 2024 US Financial Services Conference
Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024 at 12:20pm ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone's website shortly after the event. About Blackstone Blackstone is the world's largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our
11/21/24 8:30:00 AM ET
$BX
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UBS Announces Redemption of Seven ETNs
UBS AG announced today that it will redeem all of the outstanding securities in each of the seven series of UBS-issued exchange traded notes set forth in the following table (collectively, the "ETNs"). UBS AG expects to deliver redemption notices with respect to each of the ETNs to holders of the applicable ETNs with Call Settlement Dates as set forth in the table below. Table-1 ETN Ticker ETN Name and Prospectus Supplement [1] CUSIP Call Settlement Date DJCB ETRACS Bloomberg Commodity Index Total ReturnSM ETN Series B due October 31, 2039[2] 90269A450 12/12/2024 WUCT ETRACS Whitney US Critical Technologies ETN due March 13, 20
11/20/24 5:05:00 PM ET
$UBS
Major Banks
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BlackRock® Canada Announces Estimated 2024 Annual Reinvested Capital Gains Distributions for the iShares® ETFs
TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the estimated 2024 annual reinvested capital gains distributions for the iShares ETFs listed on the TSX or Cboe Canada.Please note that these are estimated capital gains amounts only, as of October 31, 2024. As these are estimated amounts, the final capital gains distributions may change by the Funds' December 15, 2024 or December 31, 2024, in the case of iShares Premium Money Market ETF ("CMR"), tax year-ends. These estimates are for the annual non-cash capital gains distributions, which are typica
11/20/24 5:00:00 PM ET
$BLK
Investment Bankers/Brokers/Service
Finance
BlackRock Declares Quarterly Dividend of $5.10 on Common Stock
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable December 23, 2024 to shareholders of record at the close of business on December 5, 2024. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate. View source version on businesswire.com: https://www.businessw
11/20/24 11:42:00 AM ET
$BLK
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Peering Into Blackstone's Recent Short Interest
Blackstone's (NYSE:BX) short percent of float has fallen 10.99% since its last report. The company recently reported that it has 17.49 million shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.25 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
7/25/24 9:15:15 AM ET
$BX
Investment Managers
Finance
Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings
Workers often forego billions of dollars in gains that they could have made off their retirement plans. Why? They unknowingly roll their savings into cash holdings instead of new investments after they switch jobs. When a 401(k) balance from an old company’s plan is rolled over into an individual retirement account (IRA), that money is usually held as cash until it is put into new investments held by the IRA. Almost a third of workers who rolled savings into IRAs at Vanguard Group in 2015 still had the balance sitting in cash seven years later, the New York Times reported. Americans with IRAs that hold a lot of cash forfeit more than $172 billion a year in retirement wealth tha
7/25/24 9:12:29 AM ET
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$TROW
EDP Services
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Carlyle's $4B Purchase Of Baxter's Kidney Division Backed By Ares And HPS Financing
Ares Management Corp. (NYSE:ARES) and HPS Investment Partners are spearheading a $3 billion credit facility to finance Carlyle Group Inc.’s (NASDAQ:CG) potential acquisition of Baxter International Inc.’s (NYSE:BAX) kidney-care division. This debt package includes a $2.5 billion unitranche loan and a $450 million revolver. Oaktree Capital Management is also involved in the financing, and smaller lenders may participate after signing. Also Read: Medical Devices Giant Baxter Secures FDA Approval For New Infusion Pump System. The financing terms suggest an interest rate five percentage points above the Secured Overnight Financing Rate, placing the division Vantive’s leverage at 4.2
7/24/24 3:16:17 PM ET
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TerraForm Power Names Mark Noyes as CEO
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- TerraForm Power, a leading developer, builder, and operator of renewable power, announced today that it has named Mark Noyes as Chief Executive Officer and President to further the company's strategy across existing and new opportunities for growth. Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy's leadership team where he was the Chief Executive Officer. Under his leadership, RWE Clean Energy grew significantly through both development and acquisition, ending 2023 with 10,000 megawatts of operating assets and a 30,000-megawatt pipeline. Prior to his role at RWE Clean E
11/19/24 12:03:39 PM ET
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Cohen & Steers Appoints Karen Wilson Thissen to Board of Directors
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc.'s (NYSE:CNS) Board of Directors has appointed Karen Wilson Thissen as a director of the company. Ms. Thissen has also been appointed as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. Ms. Thissen is currently General Counsel and Secretary of General Mills, Inc. Prior to joining General Mills, she spent 17 years at Ameriprise Financial, Inc., serving most recently as Executive Vice President and General Counsel from 2017 to 2022. She also serves on the board of directors of Northside Achievement Zone, a nonprofit organization, and previously served on the board of d
11/8/24 8:00:00 AM ET
$CNS
Investment Managers
Finance
Blackstone Tactical Opportunities Announces Leadership Transition
Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International Blackstone (NYSE:BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities ("Tac Opps"), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end. Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Ta
11/5/24 12:00:00 PM ET
$BX
Investment Managers
Finance

Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

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Recent Analyst Ratings for $ALLY$BAM$BEN$BK

$ALLY$BAM$BEN$BK Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by BlackRock Inc.

Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

Amendment: SEC Form SC 13D/A filed by The Carlyle Group Inc.

$ALLY$BAM$BEN$BK Press Releases

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Financial Advisor Jason L. Zachter joins UBS in New York City

Morgan Stanley Identifies 6 Key Focus Areas for the Future-Ready Family Office

Blackstone to Present at the Goldman Sachs 2024 US Financial Services Conference

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Morgan Stanley upgraded by Wells Fargo with a new price target

BankUnited upgraded by Wells Fargo with a new price target

Bridge Investment Group downgraded by Morgan Stanley with a new price target

$ALLY$BAM$BEN$BK Financials

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UBS Announces Redemption of Seven ETNs

BlackRock® Canada Announces Estimated 2024 Annual Reinvested Capital Gains Distributions for the iShares® ETFs

BlackRock Declares Quarterly Dividend of $5.10 on Common Stock

$ALLY$BAM$BEN$BK Market Insights

Live Market Insights

Peering Into Blackstone's Recent Short Interest

Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings

Carlyle's $4B Purchase Of Baxter's Kidney Division Backed By Ares And HPS Financing

$ALLY$BAM$BEN$BK Leadership Updates

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TerraForm Power Names Mark Noyes as CEO

Cohen & Steers Appoints Karen Wilson Thissen to Board of Directors

Blackstone Tactical Opportunities Announces Leadership Transition

$ALLY$BAM$BEN$BK SEC Filings

SEC Form 8-K filed by The Bank of New York Mellon Corporation

SEC Form 6-K filed by Brookfield Corporation

SEC Form FWP filed by Goldman Sachs Group Inc.

$ALLY$BAM$BEN$BK Insider Trading

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$ALLY$BAM$BEN$BK Insider Purchases

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Director Dodds Christopher V sold $755,981 worth of shares (9,284 units at $81.43) and exercised 9,284 shares at a strike of $37.94, increasing direct ownership by 119% to 9,204 units (SEC Form 4)

Officer of Subsidiary Richards Jay D. sold $102,950 worth of shares (2,500 units at $41.18), decreasing direct ownership by 7% to 34,687 units (SEC Form 4)

Director Schwab-Pomerantz Carolyn sold $720,289 worth of shares (9,000 units at $80.03) (SEC Form 4)

Director Meaney William L bought $10,551 worth of shares (140 units at $75.37) and sold $2,212 worth of shares (30 units at $73.72), increasing direct ownership by 0.23% to 21,512 units (SEC Form 4)

Chief Financial Officer Pangburn Marc T. bought $100,485 worth of shares (3,500 units at $28.71), increasing direct ownership by 7% to 56,791 units (SEC Form 4)

Equitable Holdings, Inc. bought $24,581,900 worth of Units (700,000 units at $35.12) (SEC Form 4)

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