James Investment Research INC Decreased Celanese Corporation (CE) Position by $5.98 Million

Palisade Asset Ltd Company stated it has 0.07% in Celanese Corporation (NYSE:CE). Quantum Capital Management holds 0.19% or 3,496 shares.

Celanese Corporation (NYSE:CE) LogoInvestors sentiment decreased to 0.89 in Q1 2019. Its down 0.16, from 1.05 in 2018Q4. It dropped, as 29 investors sold CE shares while 175 reduced holdings. 60 funds opened positions while 121 raised stakes. 117.23 million shares or 6.74% less from 125.70 million shares in 2018Q4 were reported. Dnb Asset As reported 22,049 shares. State Of Alaska Department Of Revenue, Alaska-based fund reported 25,832 shares. Fulton Bankshares Na invested in 5,490 shares or 0.04% of the stock. Royal London Asset stated it has 52,470 shares or 0% of all its holdings. Synovus Financial Corp holds 95 shares or 0% of its portfolio. Merian Glob (Uk) Limited has invested 0.64% in Celanese Corporation (NYSE:CE). Aviva Public Ltd Liability Corp invested in 0.03% or 48,209 shares. Martingale Asset LP invested in 0.13% or 117,288 shares. Price T Rowe Associate Md stated it has 397,993 shares or 0.01% of all its holdings. 43,971 are owned by Mackenzie Corporation. Palisade Asset Ltd Company stated it has 0.07% in Celanese Corporation (NYSE:CE). Quantum Capital Management holds 0.19% or 3,496 shares. New Mexico-based New Mexico Educational Retirement Board has invested 0.05% in Celanese Corporation (NYSE:CE). Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.02% in Celanese Corporation (NYSE:CE). Acadian Asset Llc invested in 637 shares or 0% of the stock.

James Investment Research Inc decreased its stake in Celanese Corporation (CE) by 22.42% based on its latest 2019Q1 regulatory filing with the SEC. James Investment Research Inc sold 61,002 shares as the company’s stock rose 2.41% with the market. The institutional investor held 211,099 shares of the major chemicals company at the end of 2019Q1, valued at $20.82M, down from 272,101 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Celanese Corporation for a number of months, seems to be less bullish one the $13.66B market cap company. The stock increased 1.54% or $1.62 during the last trading session, reaching $106.95. About 233,043 shares traded. Celanese Corporation (NYSE:CE) has declined 6.47% since July 12, 2018 and is downtrending. It has underperformed by 10.90% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $1.53B US Long portfolio, upped its stake in Ishares Short Treasury Bond Et (SHV) by 50,307 shares to 194,796 shares, valued at $21.54 million in 2019Q1, according to the filing. It also increased its holding in Health Care Select Sector Spdr (XLV) by 52,106 shares in the quarter, for a total of 107,038 shares, and has risen its stake in Capital One Financial Corp (NYSE:COF).

Analysts await Celanese Corporation (NYSE:CE) to report earnings on July, 18. They expect $2.48 EPS, down 14.48 % or $0.42 from last year’s $2.9 per share. CE’s profit will be $316.80 million for 10.78 P/E if the $2.48 EPS becomes a reality. After $2.62 actual EPS reported by Celanese Corporation for the previous quarter, Wall Street now forecasts -5.34 % negative EPS growth.

More notable recent Celanese Corporation (NYSE:CE) news were published by: Finance.Yahoo.com which released: “Merck, Coca-Cola and other top CEOs join NYSE’s new council to advance corporate diversity – Yahoo Finance” on June 25, 2019, also Globenewswire.com with their article: “CorMedix Receives Encouraging FDA Feedback on Neutrolin® LOCK-IT-100 Data – GlobeNewswire” published on July 09, 2019, Businesswire.com published: “Celanese Initiates Shutdown of Ocotlán, Mexico Manufacturing Facility – Business Wire” on June 28, 2019. More interesting news about Celanese Corporation (NYSE:CE) were released by: Seekingalpha.com and their article: “Frank’s International: Taking The Right Steps? – Seeking Alpha” published on July 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did Hedge Funds Drop The Ball On HEICO Corporation (HEI) ? – Yahoo Finance” with publication date: June 18, 2019.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 8 analysts covering Celanese (NYSE:CE), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Celanese had 17 analyst reports since January 14, 2019 according to SRatingsIntel. As per Monday, January 14, the company rating was downgraded by SunTrust. The firm has “Hold” rating given on Wednesday, April 24 by Deutsche Bank. BMO Capital Markets maintained it with “Market Perform” rating and $12600 target in Wednesday, April 24 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, April 9. Cowen & Co downgraded the shares of CE in report on Wednesday, February 6 to “Market Perform” rating. Robert W. Baird maintained the shares of CE in report on Wednesday, April 24 with “Outperform” rating. On Wednesday, April 24 the stock rating was maintained by Nomura with “Neutral”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 24. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, July 9. The firm earned “Hold” rating on Thursday, June 20 by BMO Capital Markets.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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Equistone inks agreement to acquire French group Vulcain Ingénierie

Equistone Partners Europe, a leading marketing private equity firm present across four countries, recently announced that it has entered into an …

Equistone inks agreement to acquire French group Vulcain Ingénierie

The deal with Equistone will provide Vulcain with the support and resources that it needs to achieve global expansion

Equistone Partners Europe, a leading marketing private equity firm present across four countries, recently announced that it has entered into an agreement with Initiative & Finance, NiXEN Partners and the management team for acquiring Vulcain Ingénierie. It has been reported that the representatives of the employees and relevant authorities are yet to approve the deal.

According to reliable sources, Vulcain Ingénierie, a French engineering consultancy group, has gained a strong reputation in the market among its contracting parties due to its specialist positioning.

Partners at Equistone, Gregoire Chatillon and Stanislas Gaillard said that the company is impressed by the group’s quality in positioning, business model and its management team. The company supports the group’s perpetual development in its business, growth and expansion into other segments.

Vulcain Ingénierie’s co-CEOs, Frederic Grard and Alban Guilloteau acknowledged NiXEN and Initiative and Finance for their support over the past five years. It was due to their support that Vulcain was able to completely implement its strategic plans and confirm its position as a company that has specialized in consulting and engineering.

The company’s sole focus on the infrastructure sector, energy and erocess Industries has reinforced their position as an employer and gained recognition from diverse and loyal customers.

Vulcain expects to launch a new cycle of investment and development that will help strengthen their business expertise, reinforce their regional network and expand the international footprint of the Group. The Group is convinced that Equistone, a leading mid-market firm, will provide the company the support and resources it requires to achieve its goals, added the CEOs.

NiXEN Partner’s President, Jean-Paul Bernardini said that the deal with Equistone is a significant step led by the managing team, owing to a strong commercial development and the string of successful external growth operations done abroad and in France.

Source Credit- https://www.pehub.com/2019/06/equistone-partners-to-buy-vulcain-Ingénierie/

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Dollars in the detail: banks pan for gold in ‘data lakes’

Europe’s largest bank has struck a deal with Element AI, a Canadian company, to help it tap this so-called ‘data lake’. JPMorgan, meanwhile, is …

By Iain Withers and Lawrence White

LONDON (Reuters) – From sending special offers on restaurants to burger-loving current account holders to selling anonymized credit card records, banks are racing to monetize the huge troves of data they hold.

Wall Street trails Silicon Valley in using customer information to boost revenue but with tech giants such as Amazon and Google wading onto their turf with forays into lending and payments, banks including JPMorgan, HSBC and Barclays are moving to narrow the gap.

Mining mountains of trading data to predict stock moves; partnering with retailers on marketing campaigns and using artificial intelligence (AI) tools to try and speed up credit decisions are some of the areas banks are focusing on.

In the digital era, knowing how much people earn, where they spend it and what they buy – information some wouldn’t divulge to their closest confidants – is valuable, particularly when banks’ earnings from lending and trading are under pressure from persistently low interest rates and tougher regulation.

“We are now seeing some amazing uses of data in banking, and the reason is pretty simple: they know their clients better than anyone, they have a name and address, information about what you’re buying and once you have those you can do so much,” said Craig Macdonald, head of data monetization at Accenture.

The surge in data mining is happening against a changed regulatory backdrop. New European Union (EU) rules introduced last year allow technology companies to access banks’ customer data if they have customers’ permission.

The EU has also toughened its privacy laws. Companies now have to get permission before they can collect and use personal information gleaned online from people living in the bloc.

But even with the extra protections, sensitive data is still at risk of being exploited because many people are not aware of how they can shield themselves.

Less than a third of Europeans were aware of all their data rights and only 13 percent said they read privacy statements fully, according to a poll this year of 27,000 EU citizens.

Banks do not disclose how much they earn from analyzing and marketing customer data or other ways in which they monetize the information they hold. But, in comparison to the billions earned from lending and trading, the amounts generated are likely to be small.

“If there was a gold mine people would probably have found it by now,” said Benjamin Ensor, an analyst at Forrester. “But if you can generate some marginal incremental revenue at relatively little cost why wouldn’t you do that?”

CUSTOMER 12345

Tie-ups with retail firms is one way banks are monetizing their data.

Customers of Britain’s Lloyds and Spain’s Santander can get special offers from a range of retailers after the banks joined a digital loyalty scheme run by US-based data advertising firm Cardlytics.

The scheme uses spending data to give customers discounts at shops they already frequent or which are in their neighborhood. So, burger-aficionados get deals at local burger restaurants and fashion fans get ads about discounts at clothing stores.

The banks get a percentage of the fee charged by Cardlytics for running the campaign. Cardlytics gets insights on consumer behavior which help the retailers tailor and fund the offers and discounts.

Cardlytics, Lloyds and Santander declined to comment on what percentage of the fee banks get.

“We leverage transaction data that’s created every time the card is tapped, every time a direct debit is made by a customer, in an anonymized way,” said Campbell Shaw, London-based head of bank partnerships at Cardlytics.

“We only need to know it’s customer 12345, we don’t need to know the name of the customer for any reason.”

Bank clients have to enroll in the rewards program.

A spokesman for Santander said their customer spending data was only shared with Cardlytics if customers choose to receive retail offers. The bank said the information was shared on an anonymized basis meaning the customer’s name is replaced by a unique identifying number.

Lloyds declined to comment on the specifics of the deal. Its privacy policy said the scheme would use customers’ mobile location data only with their permission.

Even with the tougher regulations around big data, privacy experts warn there is still scope for abuse, for example, if highly-indebted people are targeted with unsuitable offers for high interest loans or credit cards.

“If you can use data to get a customer to buy something that they otherwise wouldn’t, it’s good for the bank but not necessarily for the customer and the potential for misuse is significant,” said Paul Bernal, an expert in data privacy at University of East Anglia.

Ashok Vaswani, global head of consumer and payments at Barclays, told attendees at AI conference CogX in London this month that the bank would crunch data in an ethical way.

“We’re going to do it in a transparent and understandable fashion,” he said. “If I can’t explain it [to a customer] I’m not going to offer it.”

Like many banks, Barclays markets anonymized spending data to a range of businesses including mall operators who can see from the information which retail chains attract the most customers and are therefore worth targeting as tenants.

Barclays said it doesn’t share personally identifiable information and it sends privacy notices to customers through a combination of email, text, post and via mobile apps. It also has a page on its website explaining its data privacy policy.

DATA LAKES

Using data to improve risk analysis, make faster credit decisions and anticipate customer needs is particularly appealing for banks looking to cut costs.

HSBC plans to use AI tools to rake through its 10 petabytes of data – roughly equivalent to the storage capacity of 2 million DVDs – from investment banking clients in 66 countries.

Europe’s largest bank has struck a deal with Element AI, a Canadian company, to help it tap this so-called ‘data lake’.

JPMorgan, meanwhile, is developing a raft of AI applications to better predict stock moves and to map and mine 3 billion transactions it handles annually.

The bank hired Manuela Veloso, the head of the machine learning department at Carnegie Mellon University, to be its head of AI research last year.

In comparison to newer, tech-focused companies, banks are often at a disadvantage when they look to extract value from their data – they lack inhouse experts and their businesses are often siloed with legacy IT systems.

To speed things up, lenders are set to spend $26 billion on big data and business analytics this year, according to analysis by International Data Corporation, up from $23 billion last year and $19.7 billion in 2017.

Hires for senior leaders with digital experience at financial firms have doubled year on year for the last five years, according to London-based headhunters Heidrick & Struggles.

“These skills are now a necessity within senior leadership teams,” says Marcus De Luca, UK financial services practice leader at the recruiter.

“We are often asked if there is someone who works at Amazon, Google, Netflix, or Facebook who could be tempted to join.”

(This story corrects to show banks get a percentage of a fee charged not purchases made in digital marketing scheme)

(Editing by Carmel Crimmins)

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Poehling Capital Management LLC Purchases 2396 Shares of BlackRock, Inc. (NYSE:BLK)

Poehling Capital Management LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 250.9% in the 1st quarter, according to the company in its most …

BlackRock logoPoehling Capital Management LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 250.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,351 shares of the asset manager’s stock after acquiring an additional 2,396 shares during the quarter. Poehling Capital Management LLC’s holdings in BlackRock were worth $1,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Norges Bank purchased a new stake in BlackRock during the fourth quarter valued at about $1,092,934,000. Pennsylvania Trust Co lifted its holdings in shares of BlackRock by 5,049.8% in the first quarter. Pennsylvania Trust Co now owns 1,084,132 shares of the asset manager’s stock worth $44,805,000 after buying an additional 1,063,080 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in shares of BlackRock by 114.1% in the fourth quarter. Flossbach Von Storch AG now owns 582,743 shares of the asset manager’s stock worth $228,913,000 after buying an additional 310,623 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new stake in shares of BlackRock in the fourth quarter worth about $6,039,000. Finally, Partner Fund Management L.P. purchased a new stake in shares of BlackRock in the fourth quarter worth about $65,513,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

A number of brokerages recently weighed in on BLK. Wells Fargo & Co increased their price target on shares of BlackRock from $460.00 to $480.00 and gave the company an “average” rating in a research report on Wednesday, April 17th. Barclays increased their price target on shares of BlackRock from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Morgan Stanley increased their price target on shares of BlackRock from $536.00 to $545.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Deutsche Bank raised their target price on shares of BlackRock from $428.00 to $431.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Finally, Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $491.00 target price on the stock in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. BlackRock presently has a consensus rating of “Buy” and a consensus target price of $509.38.

BLK opened at $454.95 on Thursday. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $69.43 billion, a PE ratio of 16.72, a P/E/G ratio of 1.62 and a beta of 1.50. BlackRock, Inc. has a 1 year low of $360.79 and a 1 year high of $530.58.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, April 16th. The asset manager reported $6.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.13 by $0.48. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.30 billion. BlackRock had a return on equity of 13.46% and a net margin of 30.58%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.48 EPS. Sell-side analysts forecast that BlackRock, Inc. will post 27.71 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $3.30 per share. The ex-dividend date is Wednesday, June 5th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.90%. BlackRock’s dividend payout ratio is currently 49.02%.

In related news, Chairman Laurence Fink sold 31,250 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $481.79, for a total transaction of $15,055,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff A. Smith sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $468.22, for a total value of $140,466.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,525 shares of company stock valued at $16,591,075. Corporate insiders own 1.42% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Poehling Capital Management LLC Purchases 2,396 Shares of BlackRock, Inc. (NYSE:BLK)” was first published by Rockland Register and is the sole property of of Rockland Register. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://rocklandregister.com/2019/06/20/poehling-capital-management-llc-purchases-2396-shares-of-blackrock-inc-blk.html.

BlackRock Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Further Reading: Trading Ex-Dividend Strategy

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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Why Deutsche Bank Has Just Restated Their Hold Rating For Direct Line Insurance Group PLC …

This Morning, Monday, 17 June, Direct Line Insurance Group PLC (LON:DLG)’s Hold rating was reaffirmed by Deutsche Bank in a note.

Direct Line Insurance Group plc (LON:DLG) Logo

Direct Line Insurance Group PLC (LON:DLG) Rating Reaffirmed

This Morning, Monday, 17 June, Direct Line Insurance Group PLC (LON:DLG)‘s Hold rating was reaffirmed by Deutsche Bank in a note.

Direct Line Insurance Group plc (LON:DLG) Ratings Coverage

Among 6 analysts covering Direct Line Insurance Group PLC (LON:DLG), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Direct Line Insurance Group PLC has GBX 424 highest and GBX 339 lowest target. GBX 370.83’s average target is 14.00% above currents GBX 325.3 stock price. Direct Line Insurance Group PLC had 30 analyst reports since January 7, 2019 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Thursday, May 9 report. BNP Paribas maintained Direct Line Insurance Group plc (LON:DLG) on Thursday, January 24 with “Outperform” rating. Barclays Capital maintained Direct Line Insurance Group plc (LON:DLG) on Wednesday, April 3 with “Equal Weight” rating. As per Tuesday, January 22, the company rating was maintained by JP Morgan. The rating was maintained by HSBC on Wednesday, January 23 with “Buy”. The stock of Direct Line Insurance Group plc (LON:DLG) earned “Neutral” rating by Goldman Sachs on Thursday, March 14. Deutsche Bank maintained Direct Line Insurance Group plc (LON:DLG) on Monday, May 13 with “Hold” rating. The rating was maintained by Berenberg on Friday, May 10 with “Hold”. As per Monday, January 28, the company rating was maintained by Barclays Capital. On Wednesday, March 6 the stock rating was maintained by JP Morgan with “Overweight”.

The stock increased 0.62% or GBX 2 during the last trading session, reaching GBX 325.3. About 875,494 shares traded. Direct Line Insurance Group plc (LON:DLG) has 0.00% since June 17, 2018 and is . It has underperformed by 4.43% the S&P500.

Direct Line Insurance Group plc provides general insurance services and products in the United Kingdom. The company has market cap of 4.44 billion GBP. The firm operates through Motor, Home, Rescue and Other Personal Lines, and Commercial divisions. It has a 9.83 P/E ratio. It offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.

More news for Direct Line Insurance Group plc (LON:DLG) were recently published by: Finance.Yahoo.com, which released: “What Should We Expect From Direct Line Insurance Group plc’s (LON:DLG) Earnings Over The Next Few Years? – Yahoo Finance” on May 08, 2019. Finance.Yahoo.com‘s article titled: “Why Direct Line Insurance Group plc (LON:DLG) Is An Attractive Investment To Consider – Yahoo Finance” and published on May 29, 2019 is yet another important article.

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