ST. LOUIS, June 18, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has entered into an agreement to sell its digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE.

Tue, Jun. 18, 2024

The agency MBS sector has emerged as one of the best relative valuation opportunities in the fixed income market over the past year. Given the stabilization in yields after the May FOMC meeting and the recent cooling of economic data, we believe agency MBS outperformance could continue. Mortgaged-backed securities (MBS) are bonds backed by both the principal and interest cash flows of underlying mortgages, which are pooled and repackaged into interest-bearing bonds through a process called securitization. The mortgage cash flows are passed through to the holders of those bonds. MBS can be backed by both residential and commercial real estate mortgages that are issued either by a housing agency – Fannie Mae (FNMA), Freddie Mac (FHLMC), or Ginnie Mae (GNMA) – or private financial institutions, commonly referred to as non-agency. The MBS market is one of the largest and most liquid global asset classes, with more than $12 trillion of securities outstanding and over $300 billion in average daily trading volume. For this Notes from the Desk, we will be focusing on agency-issued residential mortgages. One of the features of agency MBS is that they have a government-backed credit guarantee from one of the housing agencies. While these agencies aren’t owned by the federal government, they are often seen as backed by it. Thus, agency MBS are not considered to carry any credit risk. However, this doesn’t mean agency MBS are risk-free; there are three key risks associated with these bonds. First, prepayment risk is the possibility that mortgages within an MBS pool are prematurely paid back, which is detrimental to a bondholder as they would have lower future interest payments from the underlying home loans. The duration, or interest rate sensitivity, of an agency MBS would then get smaller as interest rates fall, and vice versa when yields rise, which results in MBS having negative convexity. The second key risk has emerged only in the quantitative easing era. As the Federal Reserve has been a large player in the MBS market, changing expectations around the Fed’s balance sheet policy has been a driver of MBS spreads. Third, US commercial banks are some of the largest buyers of MBS historically, and the regional banking crisis in 2023 has resulted in less demand for MBS, which has kept spreads elevated. The chart below shows the current coupon MBS spread versus BBB corporate bonds. Despite having no credit risk, MBS are trading at a discount to the lower end of the investment grade corporate bond quality segment. We continue to believe that the current valuation of agency MBS offers an opportunity to pick up a yield spread without taking on credit risk. As nearly 80% of mortgages have a rate below 5%, prepayment risk should not emerge as a key risk in the near term. Additionally, the FOMC has started to reduce the pace at which it is shrinking its balance sheet, which is a positive signal for MBS. Finally, the risk emanating from commercial banks should decrease as interest rates stabilize at or lower than current levels. The FOMC has all but ruled out interest rate hikes this year despite stronger-than-expected inflation in the first quarter, so the distribution of outcomes for interest rates remains skewed to the downside. Since rate volatility decreased after the May FOMC meeting and recent data fell short of expectations, the agency MBS market has responded accordingly, with excess returns over treasuries reaching a six-month high. This trend may continue, as agency MBS valuations remain attractive. For more news, information, and analysis, visit the ETF Strategist Channel. Disclosures: This is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase or sale of any security, strategy or investment product. Although the statements of fact, information, charts, analysis and data in this report have been obtained from, and are based upon, sources Sage believes to be reliable, we do not guarantee their accuracy, and the underlying information, data, figures and publicly available information has not been verified or audited for accuracy or completeness by Sage. Additionally, we do not represent that the information, data, analysis and charts are accurate or complete, and as such should not be relied upon as such. All results included in this report constitute Sage’s opinions as of the date of this report and are subject to change without notice due to various factors, such as market conditions. Investors should make their own decisions on investment strategies based on their specific investment objectives and financial circumstances. All investments contain risk and may lose value. Past performance is not a guarantee of future results. Sage Advisory Services, Ltd. Co. is a registered investment adviser that provides investment management services for a variety of institutions and high net worth individuals. For additional information on Sage and its investment management services, please view our web site at sageadvisory.com, or refer to our Form ADV, which is available upon request by calling 512.327.5530.

Mon, May. 20, 2024

First United Bank & Trust raised its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,150 shares of the computer hardware maker’s stock after purchasing an additional 117 shares during the quarter. First United Bank & Trust’s holdings in NVIDIA were worth $2,055,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Sycomore Asset Management boosted its position in NVIDIA by 1.6% in the third quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after buying an additional 1,102 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in shares of NVIDIA by 9.0% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co boosted its holdings in shares of NVIDIA by 80.5% during the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock valued at $769,000 after acquiring an additional 789 shares in the last quarter. Brady Family Wealth LLC grew its position in NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after acquiring an additional 86 shares during the last quarter. Finally, ING Groep NV increased its holdings in NVIDIA by 28.8% in the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock worth $575,263,000 after purchasing an additional 295,618 shares in the last quarter. Institutional investors own 65.27% of the company’s stock. Insider Buying and Selling at NVIDIA In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last three months. 4.23% of the stock is currently owned by insiders. Wall Street Analyst Weigh In Several analysts have recently weighed in on NVDA shares. Susquehanna restated a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a report on Thursday, April 4th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. Wolfe Research raised their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. TD Cowen upped their target price on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Evercore ISI assumed coverage on NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $966.55. Read Our Latest Stock Analysis on NVIDIA NVIDIA Stock Performance Shares of NVDA stock opened at $924.79 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00. The firm’s 50-day simple moving average is $882.98 and its two-hundred day simple moving average is $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%. NVIDIA Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Mon, May. 20, 2024

Pinnacle Wealth Planning Services Inc. decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,847 shares of the computer hardware maker’s stock after selling 4,959 shares during the quarter. NVIDIA makes up 1.1% of Pinnacle Wealth Planning Services Inc.’s holdings, making the stock its 13th largest holding. Pinnacle Wealth Planning Services Inc.’s holdings in NVIDIA were worth $7,353,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company. Sycomore Asset Management raised its position in shares of NVIDIA by 1.6% during the third quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after buying an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV increased its holdings in NVIDIA by 9.0% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co lifted its stake in NVIDIA by 80.5% in the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after purchasing an additional 789 shares in the last quarter. Brady Family Wealth LLC boosted its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock valued at $1,082,000 after purchasing an additional 86 shares during the last quarter. Finally, ING Groep NV grew its position in shares of NVIDIA by 28.8% during the third quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock valued at $575,263,000 after purchasing an additional 295,618 shares in the last quarter. Institutional investors own 65.27% of the company’s stock. Insider Buying and Selling at NVIDIA In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last three months. Corporate insiders own 4.23% of the company’s stock. NVIDIA Stock Performance Shares of NASDAQ:NVDA opened at $924.79 on Monday. The firm has a 50 day moving average of $882.98 and a 200 day moving average of $687.42. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00. NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on NVDA shares. The Goldman Sachs Group increased their price target on NVIDIA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Loop Capital started coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Susquehanna reiterated a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $966.55. Check Out Our Latest Analysis on NVIDIA NVIDIA Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. See Also Five stocks we like better than NVIDIA Why Invest in Biotech Stocks Canada Goose Flies Higher Driven By DTC Growth Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness CVS Health Stock Has a Silver Lining Called Value What is Put Option Volume? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?

Mon, May. 20, 2024

Wambolt & Associates LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,611 shares of the computer hardware maker’s stock after purchasing an additional 2,102 shares during the period. NVIDIA makes up 0.8% of Wambolt & Associates LLC’s investment portfolio, making the stock its 10th biggest holding. Wambolt & Associates LLC’s holdings in NVIDIA were worth $4,264,000 as of its most recent SEC filing. A number of other large investors have also recently bought and sold shares of NVDA. Sycomore Asset Management lifted its position in NVIDIA by 1.6% during the 3rd quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock worth $28,803,000 after acquiring an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV lifted its position in NVIDIA by 9.0% during the 3rd quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock worth $238,000 after acquiring an additional 47 shares during the last quarter. Dubuque Bank & Trust Co lifted its position in NVIDIA by 80.5% during the 3rd quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after acquiring an additional 789 shares during the last quarter. Brady Family Wealth LLC lifted its position in NVIDIA by 3.6% during the 3rd quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after acquiring an additional 86 shares during the last quarter. Finally, ING Groep NV lifted its position in NVIDIA by 28.8% during the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock worth $575,263,000 after acquiring an additional 295,618 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors. Insider Buying and Selling at NVIDIA In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 4.23% of the stock is currently owned by company insiders. Analyst Ratings Changes A number of research analysts have recently commented on NVDA shares. Citigroup upped their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Tigress Financial upped their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Loop Capital started coverage on shares of NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $966.55. Get Our Latest Analysis on NVDA NVIDIA Stock Performance NVDA stock opened at $924.79 on Monday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00. The business’s fifty day moving average is $882.98 and its 200-day moving average is $687.42. The company has a market cap of $2.27 trillion, a P/E ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 22.9 EPS for the current year. NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%. About NVIDIA (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Mon, May. 20, 2024