Tag: Financial

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Extending Financial Planning’s Reach | Kiplinger

Extending Financial Planning’s Reach | Kiplinger

Kamila Elliott is the first Black chair of the Certified Financial Planner Board of Standards, a nonprofit that establishes and enforces the requirements for the CFP certification. Elliott is president of GRID 202 Partners, a wealth-management firm.

You’ve said one of your key goals as chair of the CFP Board is to increase the number of women and minority planners, along with attracting more young people to the profession. How do you plan to do that? By raising awareness. I didn’t know what a financial adviser was until I was in college. My mom didn’t have a financial planner, and neither did my grandparents. The CFP Board just hired someone whose goal is to work with high schools to create more financial literacy and awareness. At colleges, we have more than 300 programs where we help people reach CFP certification, and we want to increase the number of programs. We also have a goal to increase the number of CFP Board registered programs at HBCUs [historically Black colleges and universities].

Are some college grads deterred by the cost of becoming certified? We’re working to remove any financial impediments people may have on the path to certification. We have multiple scholarships available for CFP certification education and exams, and we have mentorship programs for diverse individuals and women. Financial professionals have a higher median salary than the average college graduate, and you’re helping people reach their financial goals. This is a profession where you can do good for yourself and do good for others.

What can the financial planning industry do to reach out to people who need advice but don’t have a lot of money to manage? We’re seeing a little more creativity in how firms structure their planning fees. Instead of using an assets-under-management model, they’re doing things like subscription models in which people pay a monthly planning fee. If you don’t have a lot of assets, you may not need as much complexity, so they are creating a structure in which the fees are commensurate with the level of planning provided.

At a time when individuals are turning to everything from TikTok to Reddit communities for investing advice, how can the CFP Board demonstrate the value of working with a CFP professional? On those forums, you don’t see much conversation about short-term and long-term capital gains rates. You don’t see conversations about whether you have the right estate plan. We’re happy that people are talking about investing, but we’re the ones they go to when they’ve made money. As you have more assets, there’s more complexity. This is a fairly new profession, and we’d like to do more research to show the public that when they work with a CFP professional, they’re able to reach their personal goals more quickly and see a difference in investment returns. Just as when you see a doctor you have better health, if you’re working with a CFP professional, you’ll have better financial health.

The market has been extremely volatile recently, particularly in specific sectors. Any advice for investors? I spent most of my career at the Vanguard Group, and the advice there was always “stay the course.” Your asset allocation should be reflective of your short-term and long-term goals. If you have the right allocation, there’s no need to make any changes to your portfolio right now, unless something has changed with you.

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Jefferies Financial Group Equities Analysts Boost Earnings Estimates for TopBuild Corp. (NYSE:BLD)

Jefferies Financial Group Equities Analysts Boost Earnings Estimates for TopBuild Corp. (NYSE:BLD)

TopBuild Corp. (NYSE:BLD – Get Rating) – Stock analysts at Jefferies Financial Group lifted their Q3 2022 earnings estimates for TopBuild in a research report issued on Tuesday, February 22nd. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings of $3.76 per share for the quarter, up from their prior estimate of $3.75. Jefferies Financial Group has a “Buy” rating and a $280.00 price target on the stock. Jefferies Financial Group also issued estimates for TopBuild’s FY2023 earnings at $15.14 EPS. TopBuild (NYSE:BLD – Get Rating) last released its quarterly earnings results on Monday, February 21st. The construction company reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.20. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. TopBuild had a net margin of 10.06{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 22.67{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s revenue was up 47.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. During the same period last year, the business earned $2.15 EPS.

BLD has been the subject of a number of other reports. Stephens raised their price target on shares of TopBuild from $260.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, November 4th. Truist Financial raised their price target on shares of TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research lowered shares of TopBuild from a “buy” rating to a “neutral” rating in a report on Friday, December 3rd. Zelman & Associates raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Thursday, December 23rd. Finally, KeyCorp raised their price objective on shares of TopBuild from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Buy” and an average price target of $275.00.

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BLD opened at $195.98 on Thursday. The company has a fifty day simple moving average of $245.00 and a 200 day simple moving average of $240.95. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.56 and a beta of 1.57. TopBuild has a twelve month low of $179.50 and a twelve month high of $284.07. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

In other news, CEO Robert M. Buck sold 2,000 shares of TopBuild stock in a transaction dated Wednesday, December 15th. The shares were sold at an average price of $273.33, for a total value of $546,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in TopBuild by 2.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. BlackRock Inc. now owns 3,174,752 shares of the construction company’s stock valued at $875,946,000 after purchasing an additional 61,751 shares during the last quarter. Findlay Park Partners LLP lifted its position in TopBuild by 26.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Findlay Park Partners LLP now owns 2,460,089 shares of the construction company’s stock valued at $678,763,000 after purchasing an additional 516,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in TopBuild by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Alliancebernstein L.P. now owns 1,795,396 shares of the construction company’s stock valued at $495,368,000 after purchasing an additional 31,188 shares during the last quarter. Pictet Asset Management SA lifted its position in TopBuild by 2.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Pictet Asset Management SA now owns 1,535,898 shares of the construction company’s stock valued at $423,770,000 after purchasing an additional 43,915 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in TopBuild by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Macquarie Group Ltd. now owns 1,145,882 shares of the construction company’s stock valued at $234,688,000 after purchasing an additional 66,627 shares during the last quarter. 95.52{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors and hedge funds.

TopBuild Company Profile (Get Rating)

TopBuild Corp. is an installer and distributor of insulation products and other building products to the U.S. construction industry. It operates through two segments: Installation and Distribution. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services business branches located in the U.S.

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Earnings History and Estimates for TopBuild (NYSE:BLD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in TopBuild right now?

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Financial adviser opens Wironen Aube Wealth Management in Westminster

Financial adviser opens Wironen Aube Wealth Management in Westminster
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Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Receives Consensus Recommendation of “Buy” from Analysts

Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Capstar Economical Holdings, Inc. (NASDAQ:CSTR) have been supplied an average advice of “Invest in” by the 8 analysts that are at this time covering the agency, MarketBeat stories. A single research analyst has rated the stock with a keep advice and 7 have assigned a obtain advice to the firm. The normal 1-yr concentrate on price tag among analysts that have up to date their protection on the inventory in the past 12 months is $23.40.

Quite a few study corporations have commented on CSTR. StockNews.com upgraded shares of Capstar Money from a “keep” score to a “invest in” rating in a research report on Monday. Zacks Investment decision Analysis reduce shares of Capstar Money from a “acquire” ranking to a “hold” rating in a exploration report on Wednesday, February 2nd. Last but not least, DA Davidson commenced coverage on shares of Capstar Monetary in a exploration report on Wednesday, January 12th. They issued a “acquire” rating and a $26.00 focus on value for the company.

Shares of NASDAQ:CSTR opened at $21.14 on Tuesday. The company has a speedy ratio of .84, a present-day ratio of .90 and a financial debt-to-fairness ratio of .08. Capstar Economic has a fifty-two 7 days lower of $15.31 and a fifty-two 7 days high of $23.00. The organization has a 50-day uncomplicated moving normal of $21.15 and a 200 working day simple going average of $21.38. The firm has a industry cap of $468.61 million, a PE ratio of 9.65 and a beta of 1.03.

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Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings info on Thursday, January 27th. The lender claimed $.56 earnings for each share for the quarter, beating analysts’ consensus estimates of $.51 by $.05. Capstar Fiscal had a web margin of 34.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on fairness of 13.66{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Throughout the same quarter in the prior calendar year, the firm posted $.51 earnings for every share. As a group, investigate analysts forecast that Capstar Monetary will put up 1.86 EPS for the recent fiscal calendar year.

The enterprise also a short while ago declared a quarterly dividend, which will be paid on Wednesday, February 23rd. Stockholders of history on Wednesday, February 9th will be paid a $.06 dividend. This represents a $.24 dividend on an annualized basis and a dividend generate of 1.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Tuesday, February 8th. Capstar Financial’s dividend payout ratio is at the moment 10.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Several substantial investors have not long ago modified their holdings of CSTR. River Oaks Funds LLC obtained a new stake in shares of Capstar Fiscal in the 4th quarter truly worth somewhere around $3,207,000. Wellington Administration Team LLP lifted its stake in shares of Capstar Money by 76.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Wellington Administration Group LLP now owns 666,354 shares of the bank’s inventory well worth $14,153,000 immediately after obtaining an additional 288,638 shares for the duration of the time period. Stieven Cash Advisors L.P. acquired a new stake in shares of Capstar Monetary in the 3rd quarter value close to $3,902,000. Voya Investment decision Administration LLC lifted its stake in shares of Capstar Economic by 822.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Voya Expenditure Management LLC now owns 143,570 shares of the bank’s stock well worth $3,049,000 right after getting an additional 128,012 shares through the period. At last, Lender of Montreal Can obtained a new stake in shares of Capstar Monetary in the 4th quarter really worth around $2,124,000. 43.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional buyers.

About Capstar Economical

CapStar Monetary Holdings, Inc is a lender keeping enterprise, which engages in the provision of industrial banking providers. Its products and solutions and providers contain professional and industrial loans to tiny and medium sized organizations, industrial genuine estate financial loans, home loan banking, and private banking and wealth administration services for the entrepreneurs and operators of its business enterprise consumers and other superior internet value men and women.

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Analyst Recommendations for Capstar Financial (NASDAQ:CSTR)

This instantaneous information alert was produced by narrative science technologies and economical information from MarketBeat in buy to offer readers with the speediest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. You should ship any thoughts or remarks about this story to [email protected]

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CI Financial To Acquire Corient Capital Partners, a US$5.0-Billion Wealth Management Firm Serving the Ultra-Affluent | News

CI Financial To Acquire Corient Capital Partners, a US$5.0-Billion Wealth Management Firm Serving the Ultra-Affluent | News

MIAMI & TORONTO & NEWPORT Seashore, Calif.–(Company WIRE)–Feb 22, 2022–

CI Fiscal Corp. (“CI”) (TSX: CIX, NYSE: CIXX), these days introduced an settlement beneath which CI will purchase Corient Cash Partners, LLC (“Corient”), a Newport Seaside-dependent prosperity management company overseeing US$5. billion on behalf of ultra-significant-internet-worthy of people today and family members across the United States.

Started in 2015 by a workforce of hugely skilled advisors, Corient provides a customer-targeted, extensive wealth management provider that aligns precisely with the eyesight of CI Private Prosperity. Corient brings together a holistic advisory design with an alternative investments platform developed to meet up with consumer wants in all spots of prosperity and investment decision management. Corient is household to 24 complete-time staff members, who perform mainly with business owners, executives, athletes, households and charitable foundations.

“Corient is an exceptional organization with a 1st-rate, very committed group,” reported Kurt MacAlpine, CI Main Executive Officer. “Corient’s deep interactions with their purchasers and commitment to their results have specifically contributed to the firm’s huge expansion, achieving $5 billion in belongings in just 7 decades.

“The team’s extensive knowledge and results in serving ultra-superior-internet-truly worth people and people will deepen CI Non-public Wealth’s presence and abilities in this crucial segment, and Corient’s place in the Los Angeles area, one of the country’s largest and most dynamic economies, is a reliable basis for continued solid growth.”

“We are psyched to be part of CI Personal Prosperity and partner with what are, devoid of concern, some of the best-high quality firms in our sector,” mentioned Darren Henderson, Corient Associate. “The CI Personal Wealth Partnership product supports the ongoing improvement of the solutions we provide our purchasers, even though as companions, we will take part thoroughly in the growth of a new, nationwide non-public prosperity organization.”

The transaction was supported by Service provider Expenditure Management, LLC, which has been an fairness investor in Corient given that 2020.

“We thank the Merchant crew for their partnership,” stated Corient Associate Chris Copps. “Working with them has been a enjoyment and we enjoy the confidence they put in our organization.”

This transaction is predicted to maximize property in CI’s U.S. Wealth Management phase to around US$125 billion (C$158 billion). With the completion of other remarkable transactions, CI’s full assets underneath administration and advisement globally are anticipated to attain close to US$311 billion (C$393 billion).

The transaction is predicted to close in the second quarter of 2022, subject matter to regulatory approvals and other customary closing ailments. Ernst & Younger Cash Advisors, LLC served as advisors to Corient and legal guidance was delivered by Alston & Chicken. CI’s authorized advisor was Hogan Lovells US LLP. Fiscal terms have been not disclosed.

Economical amounts are as at December 31, 2021.

About Merchant Financial commitment Management

Merchant is a private partnership giving development money, management methods, strategic prospects and way to independent money providers organizations, notably those people concentrated on wealth and asset management. For more data, remember to visit www.merchantim.com.

About CI Fiscal

CI Economical Corp. is an built-in worldwide prosperity and asset administration organization. CI managed and encouraged on around C$384.1 billion (US$304. billion) in shopper property as at December 31, 2021. CI’s main asset administration organizations are CI Global Asset Management (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian prosperity management by means of CI Assante Prosperity Administration (Assante Wealth Administration (Canada) Ltd.), CI Private Counsel LP, Aligned Money Partners Inc., CI Direct Investing (WealthBar Financial Solutions Inc.), and CI Financial commitment Services Inc.

CI’s U.S. prosperity administration companies consist of Barrett Asset Management, LLC, Balasa Dinverno Foltz LLC, BRR OpCo, LLC, Bowling Portfolio Management LLC, Brightworth, LLC, The Cabana Group, LLC, CPWM, LLC, Congress Prosperity Management LLC, Dowling & Yahnke, LLC, Doyle Wealth Management, LLC, Gofen & Glossberg, LLC, Matrix Money Advisors, LLC, McCutchen Group LLC, OCM Cash Partners, LLC, Portola Partners Group LLC, Radnor Monetary Advisors, LLC, RegentAtlantic Capital, LLC, The Roosevelt Investment Team, LLC, RGT Wealth Advisors, LLC, R.H. Bluestein & Co., Segall Bryant & Hamill, LLC, Stavis & Cohen Personal Prosperity, LLC, and Surevest LLC.

CI is outlined on the Toronto Stock Trade below CIX and on the New York Inventory Exchange less than CIXX. More information and facts is readily available at www.cifinancial.com.

This press release contains ahead-searching statements concerning predicted long run gatherings, success, situations, functionality or expectations with regard to CI Economical Corp. (“CI”) and its goods and products and services, like its small business functions, tactic and economical functionality and situation. Forward-looking statements are generally identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and equivalent references to upcoming periods, or conditional verbs these kinds of as “will”, “may”, “should”, “could” or “would”. These statements are not historic facts but alternatively signify management beliefs regarding future occasions, a lot of of which by their mother nature are inherently unsure and past management’s handle. Even though administration thinks that the expectations mirrored in this sort of ahead-searching statements are primarily based on acceptable assumptions, this kind of statements require challenges and uncertainties. The content aspects and assumptions utilized in reaching the conclusions contained in these ahead-wanting statements consist of that the acquisitions of Corient and Northwood Loved ones Office Ltd. will be finished and their asset degrees will continue being secure and that the expense fund marketplace will remain stable and that desire prices will continue to be fairly steady. Things that could trigger precise success to vary materially from anticipations include things like, amid other factors, basic financial and sector disorders, including fascination and overseas exchange charges, world-wide economic markets, modifications in governing administration polices or in tax regulations, field competition, technological developments and other aspects described or reviewed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing record is not exhaustive and the reader is cautioned to take into consideration these and other things cautiously and not to spot undue reliance on forward- on the lookout statements. Other than as especially necessary by applicable law, CI undertakes no obligation to update or change any forward-wanting statement soon after the date on which it is designed, whether or not to replicate new information, potential events or usually.

See resource edition on businesswire.com:https://www.businesswire.com/information/home/20220222005563/en/

Get in touch with: Investor Relations

Jason Weyeneth, CFA

Vice-President, Trader Relations & System

416-681-8779

jweyeneth@ci.comMedia Relations

Canada

Murray Oxby

Vice-President, Communications

416-681-3254

moxby@ci.comUnited States

Trevor Davis, Gregory FCA for CI Fiscal

610-415-1145

cifinancial@gregoryfca.com

Keyword: CALIFORNIA FLORIDA UNITED STATES NORTH The us CANADA

Market Keyword: BANKING Skilled Services FINANCE

Source: CI Money Corp.

Copyright Enterprise Wire 2022.

PUB: 02/22/2022 06:55 AM/DISC: 02/22/2022 06:56 AM

http://www.businesswire.com/information/residence/20220222005563/en

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Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Devon Energy Co. (NYSE:DVN) – Investment analysts at Truist Financial boosted their Q1 2022 earnings estimates for Devon Energy in a research note issued on Wednesday, February 16th. Truist Financial analyst N. Dingmann now anticipates that the energy company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.34. Truist Financial has a “Buy” rating and a $65.00 price target on the stock. Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Monday, February 14th. The energy company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.15. Devon Energy had a return on equity of 26.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 23.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

DVN has been the topic of a number of other reports. Credit Suisse Group boosted their price target on Devon Energy from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. StockNews.com raised Devon Energy from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark raised Devon Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, November 3rd. Barclays upped their price objective on Devon Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Finally, Citigroup upped their price objective on Devon Energy from $39.00 to $57.00 in a research note on Thursday, January 20th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $48.19.

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NYSE DVN opened at $54.78 on Monday. The stock’s 50 day moving average is $48.09 and its 200 day moving average is $40.31. The company has a current ratio of 1.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. Devon Energy has a 12 month low of $19.61 and a 12 month high of $56.42. The stock has a market cap of $37.09 billion, a PE ratio of 13.14, a P/E/G ratio of 0.23 and a beta of 2.87.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Devon Energy by 1.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. State Street Corp now owns 40,381,741 shares of the energy company’s stock worth $1,178,743,000 after buying an additional 460,138 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Devon Energy by 36.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 32,658,423 shares of the energy company’s stock worth $953,299,000 after buying an additional 8,679,826 shares in the last quarter. Invesco Ltd. lifted its position in Devon Energy by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Invesco Ltd. now owns 25,897,429 shares of the energy company’s stock worth $919,617,000 after buying an additional 84,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Devon Energy by 9.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Bank of New York Mellon Corp now owns 14,567,536 shares of the energy company’s stock worth $517,294,000 after buying an additional 1,270,392 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Devon Energy by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. GQG Partners LLC now owns 14,507,422 shares of the energy company’s stock worth $638,965,000 after buying an additional 595,212 shares in the last quarter. Institutional investors and hedge funds own 88.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

In other Devon Energy news, CAO Jeremy D. Humphers sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The stock was sold at an average price of $40.64, for a total value of $81,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tana K. Cashion sold 41,883 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The shares were sold at an average price of $40.13, for a total value of $1,680,764.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,812 shares of company stock worth $1,801,555. 0.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

Devon Energy announced that its board has approved a share buyback plan on Tuesday, November 2nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 31st. Investors of record on Monday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a positive change from Devon Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 11th. Devon Energy’s dividend payout ratio (DPR) is 10.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

See Also

Earnings History and Estimates for Devon Energy (NYSE:DVN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Devon Energy right now?

Before you consider Devon Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Devon Energy wasn’t on the list.

While Devon Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here