|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.0450 - 4.0450|
|52 Week Range||3.8800 - 5.3000|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||3.70|
|Forward Dividend & Yield||0.33 (7.84%)|
|Ex-Dividend Date||Aug 22, 2019|
|1y Target Est||N/A|
The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have...
(Bloomberg) -- Tesla Inc.’s market value has climbed above Volkswagen AG’s for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.The electric-car maker’s shares soared as much as 8.6% on Wednesday to a new intraday high of $594.50. At that price, Tesla’s market capitalization was roughly $107.2 billion, exceeding Volkswagen’s $99.4 billion and trailing only Toyota Motor Corp.While Musk’s skeptics are dubious that Tesla should be worth more than a carmaker that sold almost 30 times as many vehicles last year, Volkswagen’s own Herbert Diess isn’t so dismissive. He’s been arguably the most vocal CEO among traditional carmakers to praise Tesla and point to its role in a radical shakeup of the more than century-old auto industry.After saying three months ago that Tesla was no niche manufacturer anymore, Diess told top Volkswagen executives at an internal meeting in Germany last week that connected vehicles will almost double the time consumers spend online, and that cars will “become the most important mobile device.”“If we see that, then we also understand why Tesla is so valuable from the view of analysts,” he said.Diess, 61, is rolling out the industry’s largest electric-car fleet and aims to boost the company’s value to a level rivaling Toyota, whose $232 billion market cap is still more than Tesla and VW’s combined.“Tesla has high innovative strength regarding battery-electric vehicles as well as connectivity, which can partly explain the high market capitalization,” Stefan Bratzel, a researcher at the Center of Automotive Management near Cologne, Germany, said in a report Wednesday. The relatively low valuation of traditional automakers is linked to uncertainty over whether they can navigate the looming industry shift, he said.The jump above $100 billion is about more than just bragging rights for Musk, Tesla’s billionaire chief executive officer. He’s eligible to receive the first tranche of an all-or-nothing pay award if the company’s market value stays above that threshold for a sustained period. On paper, the first chunk of the award would net him about $346 million.Tesla shares have more than doubled since the company reported a surprise third-quarter profit and told investors it was ahead of schedule bringing out its next product, the Model Y crossover, and opening its factory near Shanghai.The stock has room to run as Tesla grows in China, Wedbush analyst Dan Ives wrote in a report Wednesday. He boosted his target price to $550 from $370 while maintaining the equivalent of a hold rating.What Bloomberg Intelligence Says:“Tesla’s tepid 0.3% gain in 2019 domestic unit sales suggests a tapped-out U.S. Sales in China skew the U.S. demand picture, which should become clearer by year-end with the ramp-up in Shanghai output.”\- Kevin Tynan, senior autos analystClick here to read the researchGary Black, who was chief executive of Aegon Asset Management from mid 2016 through September and now holds Tesla as a private investor, said he expects Tesla to earn more than VW by 2025 and believes consensus estimates for vehicle deliveries this year are too low. He expects Musk to forecast at least 550,000 units for 2020 during next week’s earnings webcast and to tout the launch of the Model Y.While at least eight analysts have boosted their price targets by more than $100 since the year began, consensus is still well below where Tesla’s shares are trading. The average target is $363.92 with just 10 analysts rating the stock a buy, compared with 10 holds and 16 sells.(Updates with VW’s EV plans in sixth paragraph.)\--With assistance from Cécile Daurat, Tom Randall and Anders Melin.To contact the reporters on this story: Dana Hull in San Francisco at email@example.com;Christoph Rauwald in Frankfurt at firstname.lastname@example.org;Gregory Calderone in New York at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, ;Anthony Palazzo at email@example.com, Cécile DauratFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
British fund manager M&G Investments suspended dealing in its flagship UK property fund on Wednesday, blaming Brexit uncertainty and weakness in the retail sector for a surge in investor requests to cash out. The suspension comes hot on the heels of the high-profile meltdown of investment veteran Neil Woodford's equity income fund and applies further pressure on regulators to increase investor protections on open-ended funds.
(Bloomberg) -- A fintech venture backed by some of the largest U.K. law firms and London Stock Exchange Group Plc has launched a product to digitize key parts of an archaic process of selling new bonds.The system, developed by London-based Nivaura, brings negotiation of the fine print in bond terms online so that legal documents can be drafted and signed digitally, according to a statement seen by Bloomberg News. It aims to speed up bond sales and potentially do away with laborious processes of submitting data by hand at banks, law firms and clearing houses.Nivaura raised $20 million in seed funding earlier this year from investors including LSEG, Allen & Overy, Linklaters, Banco Santander SA and Aegon NV. It also created the first regulated cryptocurrency bond in 2017.Nivaura’s system will start by targeting private placement notes issued from medium-term note programs - a market that sees almost $500 billion of issuance a year, according to the firm. It will later expand the platform to include syndicated transactions.A competing platform, Origin, set up by former Nomura Holdings Inc. traders Raja Palaniappan and Robert Taylor, is also digitizing legal contracts and connecting borrowers and dealers in debt markets. Luxembourg Stock Exchange has acquired a 10% stake in Origin, the company said Wednesday. Bloomberg LP, the parent of Bloomberg News, provides services that facilitate bond ordering and distributes information on new debt offerings.(Updates with Luxembourg Stock Exchange’s acquisition of Origin stake in fifth paragraph.)To contact the reporter on this story: Katie Linsell in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Vivianne Rodrigues at email@example.com, Chris VellacottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Rise and Aegon are done buying Seattle-area apartments together for the year, but Rise has another acquisition on the horizon.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
High-yield stocks with low price-to-earnings ratios tend to do well over time. It's also a good deal for investors when the earnings of the company are significantly higher than the dividends paid out. This allows the company to grow its dividends even further.Beating these averages on a single basis is not that hard. But using all three criteria, it is difficult. The average dividend yield of the S&P 500 is 1.9%. The average dividend payout ratio (dividends per share divided by earnings per share) is 35%. The median P/E ratio of the S&P 500 is 14.8 times.So finding high-yield stocks that have all three traits is actually not that easy. Part of the reason is that most high-yield stocks also tend to have high payout ratios. Their high yields may signal the fact that the market thinks that earnings do not cover the dividends. The fear is that the company will have to cut the dividend in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut I have chosen five stocks selling with dividend yields of 6%+ and with low payout ratios. The dividends of these stocks represent just 50% or so of earnings per share on a forward-looking basis. This is slightly higher than the average payout ratio of the S&P 500. But this is much better than typical high-yield stocks that have very high payout ratios. In addition, the dividend yields are three times higher than the average. * 7 Beverage Stocks to Buy Now In addition, these high-yield stocks have low P/E ratios, significantly below the average.These high-yield stocks are cheap and worth investing in over the long term. You can rely on them to continue to pay their dividends. Also, you get paid with these high-yield stocks to wait until the stock price rises. High-Yield Stocks: Invesco (IVZ)Dividend Yield: 8%Payout Ratio: 51%P/E Ratio: 6.4Invesco (NYS:IVZ) is an investment manager based in Atlanta, Georgia. As of Sept. 30 its assets under management were $1,184 billion -- over $1.1 trillion.IVZ stock trades at a low price-to-earnings ratio of 6.4 -- based on my calculations -- and is a very high-yield stock. IVZ pays out about half its earnings in dividends.The market has priced IVZ stock cheaply based on the flow of funds fears. Investors have been worried about the long-term outflow of funds from active investment managers like IVZ. Nevertheless, Invesco has had consistently higher AUM over each of the past 10 years.IVZ's dividends have been growing consistently over the past three years (+34%) and five years (+7%). Moreover, its payout ratio has been consistently between 50%-55% of its earnings.Look for IVZ stock to follow this consistent trend. IVZ has raised its dividend for 11 years. IVZ's dividends have plenty of room to grow given its low payout ratio history. Meredith Corporation (MDP)Dividend Yield: 7%Payout Ratio: 43.6%P/E Ratio: 6.2Meredith Corporation (NYSE:MDP) publishes People, In-Style, Better Homes and Gardens and Martha Stewart Living. In 2018 MDP also bought Time Magazine. It also owns 17 TV stations. Meredith Corporation is recognized as the number-one magazine operator in the U.S.MDP stock is very cheap at just 6.2 times forward earnings.Moreover, its $2.30 dividend rate is only 43.6% of projected earnings. That is a very low payout ratio. It allows room for MDP to continue to raise its dividend.The chart above shows that its payout ratio has been consistently low. This has allowed MDP to raise its dividend over the past 26 years. * 10 Super Boring Stocks to Buy With Super Safe Returns Concerns about the company's weak earnings outlook and missed expectations have kept MDP stock cheap. Despite underperforming growth expectations, MDP stock continues to offer a high dividend yield, low P/E and low payout ratio. This is the kind of formula to which value investors are very attracted. The Chemours Company (CC)Dividend Yield: 7.5%Payout Ratio: 39.4%P/E Ratio: 5.3Chemours (NYSE:CC) is a specialized chemical company that makes products like refrigerants, fire suppression chemicals and titanium dioxide.CC stock was spun off from Dow (NYSE:DOW) in 2015. Right now CC stock has a 7.5% dividend yield. But earnings are over twice its dividend rate. The payout ratio is only 39%.Given the market's concern about Chemour's cyclical nature and its potential legal liabilities, the CC stock trades for just 5.3 times forward earnings expectations. Analysts note that most of the environmental liability issues have been settled. But CC stock still has a residual cheapness related to these concerns.Again, value investors are attracted to these kinds of unloved stocks. The low payout ratio allows room for the dividend to be increased over time. In the past two years, dividends have risen by over 47%. Investors get paid a high yield while they wait for CC stock to rise. Triton International (TRTN)Dividend Yield: 6.3%Payout Ratio: 45%P/E Ratio: 7.2Triton International (NYSE:TRTN) is the largest transportation leasing and equipment rental company in the U.S. -- it mostly leases intermodal shipping containers.TRTN stock has a high dividend of 6.3%, but its dividends only account for 45% of earnings. The stock is also cheap since its forward P/E ratio is just 7.2 times. The stock is a general play on international economic growth.TRTN stock is cheap now because of concerns about the effect of the U.S.-China trade war on its future growth. However, a minor amount of containers are dedicated to U.S-China trade. * 10 Great Biotech Stocks to Buy in Q4 Given that analysts expect earnings to be $4.62 this year, its P/E ratio is just 7.2 times forward earnings. Moreover, the $2.08 dividend, up 11.7% from the $1.80 rate last year, represents just 45% of its earnings. There is plenty of room for the TRTN stock dividend to rise. Meanwhile, investors receive high-yield dividends until the stock rises to its real value. Aegon (AEG)Dividend Yield: 8.3%Payout Ratio: 50%P/E Ratio: 14.1Aegon (NYSE:AEG) is a Dutch insurance company, pension manager and asset management firm. AEG stock pays a very healthy dividend of 8.3%. But its dividend is just 50% of its earnings.There is really no good reason for AEG stock to be so cheap. Its return on equity is about 10%. Yet AEG stock, at $4.20, trades for just 32% of its $13.54 book value per share.Investors can wait for the stock to recognize this incredible value. In the meantime they receive a high 8.9% dividend yield. Annualized growth over the last three years is 6.8%.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. The Guide focuses on high total yield value stocks, which includes both dividend and buyback yields. In addition, subscribers a two-week free trial. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post 5 Excellent High-Yield Dividend Stocks to Buy appeared first on InvestorPlace.
The Financial Conduct Authority (FCA) said it will introduce a new category of funds investing in inherently illiquid assets, or FIIA, from September 2020, confirming proposals made last October. "The new rules and guidance are designed to protect the interests of investors, particularly during stressed market conditions," said Christopher Woolard, the FCA's executive director for strategy and competition. The funds will be subject to additional requirements, including standard risk warnings in financial promotions, enhanced depositary oversight, and a requirement to produce liquidity risk contingency plans, it said.
The Indian arm of Dutch-based insurer Aegon NV said it was investigating an incident in which some customer information was leaked on its website, but added the episode was not related to any hack. Up to 10,000 customers of Aegon Life Insurance, a joint venture between Aegon and Indian media company Times Group, were possibly affected due to a website vulnerability that exposed information of clients who communicated with the insurer online. "This incident was not the result of a hack or malicious activity and Aegon Life does not have evidence that customer information was taken," the company told Reuters in a statement.