First National Bank of Omaha Trims Holding in Broadcom Inc (AVGO)

First National Bank of Omaha decreased its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 4.0% during the 4th quarter, HoldingsChannel …

First National Bank of Omaha decreased its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,052 shares of the semiconductor manufacturer’s stock after selling 1,000 shares during the period. First National Bank of Omaha’s holdings in Broadcom were worth $6,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in Broadcom by 134.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,591 shares of the semiconductor manufacturer’s stock worth $4,834,000 after buying an additional 11,234 shares in the last quarter. Cobiz Wealth LLC lifted its position in Broadcom by 2.6% during the 4th quarter. Cobiz Wealth LLC now owns 26,674 shares of the semiconductor manufacturer’s stock worth $6,783,000 after buying an additional 665 shares in the last quarter. Dubuque Bank & Trust Co. lifted its position in Broadcom by 8.4% during the 4th quarter. Dubuque Bank & Trust Co. now owns 7,400 shares of the semiconductor manufacturer’s stock worth $1,882,000 after buying an additional 572 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Broadcom by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 30,800 shares of the semiconductor manufacturer’s stock worth $7,600,000 after purchasing an additional 309 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in Broadcom by 16.8% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 52,505 shares of the semiconductor manufacturer’s stock worth $12,956,000 after purchasing an additional 7,571 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

In related news, insider Hock E. Tan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $254.99, for a total transaction of $5,099,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Charlie B. Kawwas sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $259.19, for a total value of $2,591,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,723 shares of company stock valued at $24,926,174. 3.30% of the stock is currently owned by company insiders.

Shares of AVGO stock traded down $2.02 on Wednesday, reaching $256.27. The company had a trading volume of 1,855,409 shares, compared to its average volume of 3,172,976. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.90 and a quick ratio of 3.41. The stock has a market cap of $106.22 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. Broadcom Inc has a 12 month low of $197.46 and a 12 month high of $273.85.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 6th. The semiconductor manufacturer reported $5.85 EPS for the quarter, beating analysts’ consensus estimates of $5.58 by $0.27. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Broadcom had a return on equity of 29.03% and a net margin of 58.80%. Broadcom’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.59 EPS. As a group, research analysts anticipate that Broadcom Inc will post 18.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Wednesday, December 19th were paid a $2.65 dividend. The ex-dividend date of this dividend was Tuesday, December 18th. This is a boost from Broadcom’s previous quarterly dividend of $1.75. This represents a $10.60 dividend on an annualized basis and a dividend yield of 4.14%. Broadcom’s dividend payout ratio is 56.29%.

AVGO has been the subject of several recent research reports. Deutsche Bank dropped their price objective on Broadcom from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 3rd. Credit Suisse Group initiated coverage on Broadcom in a report on Friday, November 16th. They set an “outperform” rating and a $300.00 price objective for the company. ValuEngine raised Broadcom from a “sell” rating to a “hold” rating in a report on Friday, November 16th. UBS Group dropped their price objective on Broadcom from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, December 7th. Finally, BidaskClub raised Broadcom from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Nine research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Broadcom presently has an average rating of “Buy” and a consensus price target of $288.93.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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XRP (CRYPTO:XRP) Price Down 3.6% Over Last Week

One XRP coin can now be bought for $0.32 or 0.00008832 BTC on popular … XRP’s official Twitter account is @Ripple and its Facebook page is …

XRP logoXRP (CURRENCY:XRP) traded 1% lower against the U.S. dollar during the one day period ending at 20:00 PM Eastern on January 16th. XRP has a total market capitalization of $12.98 billion and $377.65 million worth of XRP was traded on exchanges in the last 24 hours. During the last week, XRP has traded down 3.6% against the U.S. dollar. One XRP coin can now be bought for $0.32 or 0.00008832 BTC on popular cryptocurrency exchanges including Upbit, Bitso, Poloniex and Bits Blockchain.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Tether (USDT) traded up 0.2% against the dollar and now trades at $1.01 or 0.00028219 BTC.
  • Stellar (XLM) traded down 1.5% against the dollar and now trades at $0.10 or 0.00002851 BTC.
  • TRON (TRX) traded 0.7% higher against the dollar and now trades at $0.0264 or 0.00000737 BTC.
  • Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $75.43 or 0.02105550 BTC.
  • Binance Coin (BNB) traded down 0.3% against the dollar and now trades at $6.50 or 0.00181232 BTC.
  • NEO (NEO) traded 1.8% lower against the dollar and now trades at $7.58 or 0.00211342 BTC.
  • VeChain (VET) traded down 2.8% against the dollar and now trades at $0.0044 or 0.00000122 BTC.
  • TrueUSD (TUSD) traded up 0.3% against the dollar and now trades at $1.01 or 0.00028224 BTC.
  • 0x (ZRX) traded 7.3% higher against the dollar and now trades at $0.31 or 0.00008602 BTC.
  • Zilliqa (ZIL) traded 4.5% lower against the dollar and now trades at $0.0217 or 0.00000606 BTC.

XRP Profile

XRP was first traded on February 2nd, 2013. XRP’s total supply is 99,991,724,864 coins and its circulating supply is 41,040,405,095 coins. XRP’s official website is ripple.com/xrp. XRP’s official Twitter account is @Ripple and its Facebook page is accessible here. The Reddit community for XRP is /r/ripple and the currency’s Github account can be viewed here. XRP’s official message board is www.xrpchat.com.

According to CryptoCompare, “The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.”

XRP Coin Trading

XRP can be purchased on these cryptocurrency exchanges: Bits Blockchain, OKEx, Stellar Decentralized Exchange, Cryptohub, Coinone, FCoin, ABCC, CoinEgg, DigiFinex, Fatbtc, Altcoin Trader, BTC Markets, Bitfinex, Binance, Poloniex, Vebitcoin, CEX.IO, Coinrail, OTCBTC, Independent Reserve, Instant Bitex, Coinbe, Liquid, BCEX, Upbit, MBAex, LiteBit.eu, Huobi, Bitstamp (Ripple Gateway), Bitbns, CoinFalcon, Gate.io, Covesting, Stellarport, ZB.COM, Bitinka, Tripe Dice Exchange, GOPAX, LakeBTC, BtcTurk, Cryptomate, BitFlip, Exmo, BitMarket, Bitsane, Zebpay, BX Thailand, HitBTC, Coinhub, BTC Trade UA, RippleFox, CoinBene, Kuna, Indodax, Bitlish, OpenLedger DEX, Bitstamp, Korbit, Bitso, Exrates, WazirX, Coindeal, Koinex, Coinsquare, Bitbank, DragonEX, Braziliex, B2BX, C2CX, Gatehub, Bittrex, Sistemkoin, Coinsuper, Kraken, BitBay, Ovis, Bithumb, Koineks and Ripple China. It is usually not presently possible to buy alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to acquire XRP should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy XRP using one of the exchanges listed above.

Receive News & Ratings for XRP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for XRP and related companies with MarketBeat.com’s FREE daily email newsletter.

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Cornerstone Advisors Inc. Trims Holdings in CME Group Inc (NASDAQ:CME)

Cornerstone Advisors Inc. decreased its position in shares of CME Group Inc (NASDAQ:CME) by 19.7% during the 4th quarter, according to the …

CME Group logoCornerstone Advisors Inc. decreased its position in shares of CME Group Inc (NASDAQ:CME) by 19.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,065 shares of the financial services provider’s stock after selling 507 shares during the quarter. Cornerstone Advisors Inc.’s holdings in CME Group were worth $388,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp bought a new stake in shares of CME Group in the 2nd quarter valued at $672,000. Voya Investment Management LLC increased its position in shares of CME Group by 2.0% in the 2nd quarter. Voya Investment Management LLC now owns 118,830 shares of the financial services provider’s stock valued at $19,479,000 after buying an additional 2,284 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in CME Group by 88.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,512 shares of the financial services provider’s stock worth $1,231,000 after purchasing an additional 3,527 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in CME Group by 23.6% during the 2nd quarter. Vident Investment Advisory LLC now owns 5,125 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 978 shares in the last quarter. Finally, Zacks Investment Management bought a new position in CME Group during the 2nd quarter worth about $255,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Charles P. Carey sold 2,800 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $183.45, for a total transaction of $513,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John W. Pietrowicz sold 17,960 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $186.92, for a total transaction of $3,357,083.20. Following the completion of the sale, the chief financial officer now directly owns 44,780 shares of the company’s stock, valued at $8,370,277.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,647 shares of company stock worth $11,107,550. 0.43% of the stock is owned by company insiders.

A number of equities analysts have issued reports on CME shares. UBS Group cut CME Group from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $204.00 in a report on Wednesday, November 28th. Jefferies Financial Group increased their target price on CME Group to $203.00 and gave the stock a “buy” rating in a report on Monday, October 8th. Deutsche Bank restated a “buy” rating and set a $192.00 price objective (up from $185.00) on shares of CME Group in a research note on Thursday, October 11th. Bank of America restated a “buy” rating and set a $200.00 price objective on shares of CME Group in a research note on Monday, November 5th. Finally, Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $193.00.

NASDAQ:CME traded up $1.49 during mid-day trading on Wednesday, reaching $187.82. The stock had a trading volume of 1,136,763 shares, compared to its average volume of 1,779,600. The stock has a market capitalization of $62.34 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.09. CME Group Inc has a 12 month low of $149.38 and a 12 month high of $197.08.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. The business had revenue of $904.20 million for the quarter, compared to analysts’ expectations of $910.50 million. CME Group had a net margin of 113.67% and a return on equity of 9.18%. As a group, analysts anticipate that CME Group Inc will post 6.8 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Wednesday, January 16th. Shareholders of record on Friday, December 28th were paid a dividend of $1.75 per share. The ex-dividend date was Thursday, December 27th. CME Group’s payout ratio is presently 58.70%.

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CME Group Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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Yelp Inc (NYSE:YELP) Shares Bought by Vanguard Group Inc

Vanguard Group Inc boosted its position in shares of Yelp Inc (NYSE:YELP) by 0.6% during the 3rd quarter, according to its most recent 13F filing with …

Yelp logoVanguard Group Inc boosted its position in shares of Yelp Inc (NYSE:YELP) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,889,974 shares of the local business review company’s stock after purchasing an additional 42,759 shares during the quarter. Vanguard Group Inc owned about 8.29% of Yelp worth $338,987,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rehmann Capital Advisory Group bought a new position in Yelp during the 3rd quarter valued at about $161,000. Steward Partners Investment Advisory LLC bought a new position in Yelp during the 3rd quarter valued at about $194,000. Janus Henderson Group PLC bought a new position in Yelp during the 2nd quarter valued at about $206,000. Ibex Investors LLC bought a new position in Yelp during the 3rd quarter valued at about $206,000. Finally, Hartford Investment Management Co. bought a new position in Yelp during the 3rd quarter valued at about $232,000. 90.71% of the stock is currently owned by institutional investors.

In related news, insider Alan Ramsay sold 6,355 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $31.20, for a total value of $198,276.00. Following the completion of the transaction, the insider now directly owns 28,879 shares of the company’s stock, valued at $901,024.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $34.09, for a total transaction of $68,180.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,483 shares of company stock valued at $2,514,036. Insiders own 9.00% of the company’s stock.

YELP traded up $0.10 during trading on Wednesday, reaching $35.47. 1,128,490 shares of the company traded hands, compared to its average volume of 1,834,813. Yelp Inc has a 12-month low of $29.33 and a 12-month high of $52.50. The firm has a market cap of $3.01 billion, a P/E ratio of 506.71, a price-to-earnings-growth ratio of 2.89 and a beta of 0.99.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The business had revenue of $241.10 million during the quarter, compared to analyst estimates of $245.55 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Yelp Inc will post 0.37 EPS for the current year.

YELP has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Thursday, September 27th. Raymond James cut shares of Yelp from an “outperform” rating to a “market perform” rating in a research note on Friday, November 9th. Wedbush cut shares of Yelp from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $60.00 to $32.00 in a research note on Friday, November 9th. Deutsche Bank cut shares of Yelp from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $64.00 to $34.00 in a research note on Friday, November 9th. Finally, JPMorgan Chase & Co. cut shares of Yelp from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $57.00 to $36.00 in a research note on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus price target of $40.18.

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Yelp Company Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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Traiana Provides Central Clearing Connectivity to HKEX OTC Clear for FX Deliverables

… be used to address a number of challenges associated with standard bi-lateral trade lifecycle management.” Traiana is a part of CME Group. CME-G.

HONG KONG, LONDON and NEW YORK, Jan. 23, 2019 /PRNewswire/ — Traiana, a leading infrastructure service which provides trade life-cycle and risk management solutions, today announced that it has provided direct central clearing connectivity to the Hong Kong Exchanges (HKEXs) and Clearing’s OTC Clearing Hong Kong (OTC Clear).

Market participants can now access HKEXs OTC Clear service to clear USD/CNH and USD/HKD FX forward and swaps, via Traiana’s Clearing Hub (CCP Connect), which provides affirmation, matching and trade processing capabilities.

HKEXs OTC Clear Deliverable FX service can be used to mitigate settlement risk which arises when payments and receipts of different currencies occur at different intervals during a standard bilateral settlement process. The service can also be used to offset settlement exposure with its clearing house cross currency swaps service.

Member banks are now able to clear deliverable FX trades, irrespective of how they were executed, using one of Traiana’s many connectivity and workflow options. Existing Traiana clients and electronic trading venues can enable the HKEX clearing workflow as an add-on to their existing Traiana FX post-trade processing services.

“We are very happy to be working with Traiana,” said Jacky Mak, Head of OTC and FIC Business Development in HKEX’s Clearing Division. “It enhances our ability to connect with the growing number of market participants interested in HKEX’s broad range of services including RMB-related services.”

“As the number of firms looking to voluntary clear FX instruments continues to rise, central clearing connectivity is becoming more and more important to our client base,” said CME Head of Optimization Asia, Guy Rowcliffe. “Our partnership with HKEX, provides the market with an innovative initiative which can be used to address a number of challenges associated with standard bi-lateral trade lifecycle management.”

Traiana is a part of CME Group.

CME-G

SOURCE CME Group

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