Innovator U.S. Equity Buffer ETF - May (BATS: BMAY)

Latest news for Innovator U.S. Equity Buffer ETF - May (BATS:BMAY)

The Fund invests at least 80 percent of its net assets in FLexible EXchange Options that reference the SPDR S&P 500 ETF Trust. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation. FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options

Innovator US Equity Buffer ETF - May

Innovator U.S. Equity Buffer ETF - May

JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Market Outperform and maintains $15 price target.

News

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on Whitestone REIT, Maintains $15 Price Target

JP Morgan analyst Anne Samuel maintains Progyny (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) with a Overweight and lowers the price target from $31 to $22.

PGNY

JP Morgan Maintains Overweight on Progyny, Lowers Price Target to $22

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading higher by 2.57% to $40.64 Thursday morning. Major indexes and several <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">bank stocks</a> are higher after the Federal Reserve cut interest rates by 50 basis points.
Why This Matters: Bank of America, like other large banks, generates a significant portion of its income through its net interest margin, which is the difference between the interest it earns on loans and the interest it pays on deposits. 
While a rate cut might initially lower the income from loans, lower rates can stimulate borrowing, potentially increasing loan demand. BofA could capitalize on this with higher volumes of loans, boosting overall interest income despite the lower rates.
As a major lender, BofA stands to benefit from increased loan origination, particularly in mortgage lending, personal loans and corporate financing. This could improve the company&#8217;s loan portfolio and revenue streams.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a>
What Else: With rate cuts, consumers may also be more inclined to refinance existing debt or take on new debt at favorable rates. BofA could see increased activity in its consumer banking division, including mortgages, auto loans and credit cards. 
Increased consumer spending could also drive higher transaction volumes, which would benefit its wealth management and transaction services divisions. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40938804/gamestop-ceo-ryan-cohen-penalized-nearly-1m-over-wells-fargo-share-acquisition">GameStop CEO Ryan Cohen Penalized Nearly $1M Over Wells Fargo Share Acquisition</a>
<h2 class="wp-block-heading">How To Buy BAC Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Bank of America&#8217;s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BAC has a 52-week high of $44.44 and a 52-week low of $24.96.

What's Going On With Bank Of America (BAC) Shares

JP Morgan analyst John Royall maintains World Kinect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WKC#NYSE">WKC</a>) with a Neutral and raises the price target from $29 to $32.

JP Morgan Maintains Neutral on World Kinect, Raises Price Target to $32

JMP Securities analyst Patrick Walravens reiterates Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Market Outperform and maintains $315 price target.

WDAY

JMP Securities Reiterates Market Outperform on Workday, Maintains $315 Price Target

- Reuters Citing Israeli Military Statement&nbsp;

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iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Two Israeli Soldiers Killed Near Lebanon Border

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and raises the price target from $58 to $66.

TRMB

JP Morgan Maintains Neutral on Trimble, Raises Price Target to $66

JMP Securities analyst Chris Muller reiterates BrightSpire Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRSP#NYSE">BRSP</a>) with a Market Outperform and maintains $7.5 price target.

BRSP

JMP Securities Reiterates Market Outperform on BrightSpire Capital, Maintains $7.5 Price Target

Trading Ideas

Associated Capital Group Shares Halted On Code News Pending

Associated Capital Group, Inc. ("AC" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>), today announced that its Board of Directors has declared a special cash dividend of $2.00 per share, payable on November 4, 2024, to Class A and Class B shareholders of record as of the close of business on October 21, 2024. The aggregate payment will be approximately $42.4 million, based on shares outstanding of 21.2 million as of the date of this release. &nbsp;
Since its inception as a public company in 2015 and including the current estimated special dividend, AC has returned approximately $81.1 million to shareholders through dividends.

Dividends

Associated Capital Group Announces Special Dividend Of $2 Per Share, Payable On November 4, 2024, To Class A And Class B Shareholders Of Record As Of The Close Of Business On October 21, 2024

Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares are trading higher on Thursday after the company commended Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and BlackRock, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40937058/rezolve-ai-welcomes-microsoft-and-blackrocks-30-billion-investment-in-ai-infrastructure-as-a-game-" rel="noreferrer noopener">$30 billion investment in AI infrastructure</a>.
Earlier this week, Microsoft partnered with investment company&nbsp;BlackRock&nbsp;and several other partners on a new&nbsp;$30 billion&nbsp;investment fund to target the growing&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">artificial intelligence sector.</a>
The new investment, which adds to Microsoft&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30527688/microsoft-ramps-efforts-to-build-ai-supercomputer-with-chatgpt-ahead-of-q2-earnings" rel="noreferrer noopener">growing bets on the AI space</a>, includes the participation of BlackRock,&nbsp;Global Infrastructure Partners&nbsp;and&nbsp;MGX.
Related: <a target="_blank" href="https://www.benzinga.com//node/40909973" rel="noreferrer noopener">BlackRock, Microsoft, Others Team Up For $30B Artificial Intelligence Fund: Help US Fuel &#8216;AI Innovation And Economic Growth&#8217;</a>
Rezolve AI said it is set to capitalize on the AI infrastructure upgrade, enhancing its proprietary solutions like the Brain Suite, driven by the brainpowa LLM, to advance hyper-personalization in commerce and customer engagement.
The investment by Microsoft and BlackRock underscores AI&#8217;s transformative potential on a large scale, positioning Rezolve AI to lead this evolution in the commerce sector.
Daniel M. Wagner, CEO of Rezolve AI, said, &#8220;The substantial investment by Microsoft and BlackRock into AI infrastructure reflects the accelerating pace of AI adoption across every industry.&#8221;
&#8220;For companies like Rezolve AI, this investment marks a pivotal shift in the landscape, providing the technological foundation that will allow AI innovators to scale more rapidly and deliver increasingly sophisticated solutions.&#8221;
&#8220;As a company committed to revolutionizing commerce through our suite of AI products, including Brain Commerce and Brain Checkout, we view this as a tremendous opportunity to leverage the evolving infrastructure and collaborate with major players in AI.&#8221;
Also, Rezolve AI responded to OpenAI&#8217;s new release, &#8220;Strawberry.&#8221; CEO Daniel M. Wagner emphasized his conviction that the future of AI lies in industry-specific<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40901998/rezolve-ai-joins-openais-latest-release-advocates-for-vertical-market-ai-solutions-in-retail-and-c" rel="noreferrer noopener"> solutions tailored to vertical markets</a>.
Price Action: RZLV shares are up 41.7% at $6.73 at the last check Thursday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40940207" target="_blank" rel="noreferrer noopener">Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy &#8211; What&#8217;s The Benefit?</a></li>
</ul>

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RZLV

Rezolve AI Set To Ride The AI Wave - What's Going On?

JP Morgan analyst Andrea Teixeira maintains Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) with a Overweight and raises the price target from $179 to $186.

JP Morgan Maintains Overweight on Procter & Gamble, Raises Price Target to $186

Stephens &amp; Co. analyst Scott Fidel reiterates Ardent Health Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARDT#NYSE">ARDT</a>) with a Overweight and maintains $24 price target.

ARDT

Stephens & Co. Reiterates Overweight on Ardent Health Partners, Maintains $24 Price Target

The process behind top-shelf cheeses, aged meats, reserved wines and premium cannabis all relies on one thing: precise control of time, temperature and moisture. Whether aging cheddar or curing cannabis, the science of preservation unlocks quality. 
Nested in Vermont, Cannatrol is a family-owned venture that applies these same principles to cannabis drying, boosting growers&#8217; profits by reducing labor, product loss and inefficiencies. By minimizing touch points and preserving valuable terpenes, the system helps growers maintain potency and quality, ensuring profits don't evaporate in postharvest handling.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h2 class="wp-block-heading">The Problem, The Solution And The Market Need</h2>
Founded by Jane and David Sandelman, Cannatrol is transforming postharvest cannabis processing with its innovative drying and curing technology.
David, an inventor with a background in energy and temperature controls, saw a common problem facing cheesemakers: the difficulty of achieving precise aging conditions without access to traditional cheese caves.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="894" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190019/Bethany-Farm-New-Logo-1-894x1024.jpg" alt="" class="wp-image-555103" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190019/Bethany-Farm-New-Logo-1-894x1024.jpg 894w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190019/Bethany-Farm-New-Logo-1-262x300.jpg 262w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190019/Bethany-Farm-New-Logo-1-768x880.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190019/Bethany-Farm-New-Logo-1.jpg 943w" sizes="(max-width: 894px) 100vw, 894px" /><figcaption class="wp-element-caption">Courtesy of Cannatrol</figcaption></figure>
Using his experience in temperature control, David developed a method to manage vapor pressure in these environments. When cannabis began its path toward legalization, it became clear that this same technology could be adapted for drying and curing cannabis flowers.
"The physics of drying cheese and cannabis are remarkably similar," David explained. "Both require precise moisture and temperature control to preserve quality, whether you're producing a fine cheese or top-shelf cannabis."&nbsp;
Unlike conventional drying methods that rely on air conditioners and dehumidifiers, Cannatrol ensures there are no fluctuating temperatures and moisture levels are stable throughout the process, drying evenly and consistently. 
"Minimal variations in airflow, temperature and humidity can damage the glands that cover the flower. These glands known as trichomes, host cannabinoids and <a href="https://www.benzinga.com/general/biotech/24/05/38626097/why-does-tangie-smell-so-fruity-because-non-terpene-compounds-include-guava-papaya-and-passionfru">terpenes</a>, and give the flower its quality and potency. These represent the true value in premium cannabis," David noted. 
Read Also: <a href="https://www.benzinga.com/markets/cannabis/23/02/30847170/exclusive-how-to-retail-cannabis-meet-california-brand-gelato-with-a-down-to-earth-approach-for-">EXCLUSIVE: How To Retail Cannabis, Meet California Brand &#8216;Gelato&#8217; With A Down-To-Earth Approach For Organic Growth</a>
<h3 class="wp-block-heading">Tech For Top-Line Revenue&nbsp;</h3>
At the core of Cannatrol's success is its patented approach to controlling temperature and dew point independently, which allows for pinpoint control of vapor pressure. "We're not just controlling humidity," David emphasized. "We're controlling the entire environment, down to the molecular level."
This precise control leads to a significantly better product. Research conducted in partnership with the Cannabis Research Coalition found that flowers dried using Cannatrol's technology retained 17% more <a href="https://www.benzinga.com/general/biotech/23/10/35472080/is-there-untapped-business-potential-beyond-terpenes-in-exotic-cannabis-new-study-sheds-light">terpenes</a> than cannabis dried with conventional methods.&nbsp;
Additionally, damage to the <a href="https://www.benzinga.com/markets/cannabis/23/04/31806591/what-are-cannabis-trichomes-and-whats-their-importance">trichome heads</a>—a key factor in cannabis potency—was reduced to just 1–2%, compared to 25–35% with air conditioners and dehumidifiers​.
David explained: "The trichomes are where all the <a href="https://www.benzinga.com/markets/cannabis/23/12/36394288/cannabis-2024-experts-weigh-in-what-to-expect-from-dc-and-business-outlook-exciting-point-in-tim">valuable cannabinoids</a> and terpenes are stored, so any damage directly affects the product's quality and potency. By preserving more of the trichomes, growers not only improve the overall quality of their cannabis but also protect their top-line revenue."
<h3 class="wp-block-heading">Modular Features&nbsp;</h3>
The technology itself is adaptable, with options ranging from a consumer-grade unit the size of a dorm fridge to large-scale commercial systems capable of handling up to 720 pounds of wet flowers. "Our units are turnkey," said Jane, who leads Cannatrol's marketing efforts. "They're designed for easy setup, whether it's a home grower or a large commercial operation."
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="700" height="525" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190046/Old-Growth-Project-Page-Pictures-1.png" alt="" class="wp-image-555104" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190046/Old-Growth-Project-Page-Pictures-1.png 700w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18190046/Old-Growth-Project-Page-Pictures-1-300x225.png 300w" sizes="(max-width: 700px) 100vw, 700px" /><figcaption class="wp-element-caption">Courtesy of Cannatrol</figcaption></figure>
What sets Cannatrol apart is the elimination of manual labor and guesswork. Traditional drying rooms require constant monitoring to prevent over-drying or mold growth, which can lead to product loss and reduced shelf life. Cannatrol's systems remove these risks. "Once the flower is in our system, it doesn't need to be moved or checked," Jane noted. "You don't risk over-drying and the flower is ready to be stored or consumed directly from the unit."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/23/01/30453778/exclusive-presidential-cannabis-californias-blunt-kings-share-their-recipe-to-succeed-in-retail">EXCLUSIVE: Presidential Cannabis — California&#8217;s Blunt Kings Share Their Recipe To Succeed In Retail</a>
<h3 class="wp-block-heading">The Business Advantage: Cutting Costs And Boosting Quality</h3>
David highlighted the financial impact of investing in postharvest processes: "Facilities using conventional methods can lose as much as 5% of their revenue by overdrying their flower and volatilizing terpenes. That's throwing money out the door. We're not just helping growers save money—we're helping them build a brand based on consistent, <a href="https://www.benzinga.com/markets/cannabis/24/09/40886620/how-this-former-dea-consultant-is-making-craft-cannabis-profitable-in-new-jersey-a-dirt-y-little">high-quality flowers</a>."
Moreover, Cannatrol's systems allow growers to maintain shelf stability for a longer time, which is critical for brands looking to differentiate themselves in a crowded market. "We've had clients tell us that our system has led to longer-lasting products on dispensary shelves, which ultimately translates to better consumer satisfaction," Jane added.
<h3 class="wp-block-heading">Entrepreneurial Spirit And Innovation</h3>
At the heart of Cannatrol's success is the Sandelmans&#8217; drive to solve problems with technical innovation. Their journey from Vermont restaurateurs to cannabis industry pioneers is a testament to the power of engineering and invention.&nbsp;
"We didn't set out to revolutionize cannabis drying," David reflected. "We saw a problem, and we came up with a solution. The cannabis industry was just the next frontier."
For the Sandelmans, it's not just about profit margins or flashy new technology: it's about crafting solutions that work. "Our focus has always been on creating the best product possible," Jane said. "If you're solving a problem and making something better, the business success will follow."
With thousands of units sold across 16 countries and growing demand from large-scale commercial operations, the Sandelmans' vision is expanding rapidly—and they're showing no signs of slowing down. 
Read Next: <a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">Cannabis Robots: Meet The Company Boosting Efficiency And Margins Through Packaging Automation</a>

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How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door

Litecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) price has increased 3.58% over the past 24 hours to $65.12. Over the past week, LTC has experienced an uptick of over 5.0%, moving from $61.93 to its current price. As it stands right now, the coin's all-time high is $410.26. 
The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726758227_0.png" alt="price_chart" />
Litecoin's trading volume has climbed 22.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.38%. This brings the circulating supply to 74.99 million, which makes up an estimated 89.28% of its max supply of 84.00 million. According to our data, the current market cap ranking for LTC is #25 at $4.88 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726758227_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$LTC

Cryptocurrency Litecoin Rises More Than 3% In 24 hours

Over the past 24 hours, Aptos's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">APT</a>) price rose 14.46% to $6.61. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $6.12 to its current price. As it stands right now, the coin's all-time high is $19.92. 
The chart below compares the price movement and volatility for Aptos over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726758156_0.png" alt="price_chart" />
The trading volume for the coin has increased 106.0% over the past week while the overall circulating supply of the coin has increased 2.84% to over 500.08 million. The current market cap ranking for APT is #32 at $3.31 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726758157_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$APT

Cryptocurrency Aptos's Price Increased More Than 14% Within 24 hours

Over the past 24 hours, Wrapped stETH's (CRYPTO:WSTETH) price has risen 5.99% to $2,868.31. This continues its positive trend over the past week where it has experienced a 4.0% gain, moving from $2,758.98 to its current price. As it stands right now, the coin's all-time high is $7,256.02. 
The chart below compares the price movement and volatility for Wrapped stETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726758148_0.png" alt="price_chart" />
Wrapped stETH's trading volume has climbed 13.0% over the past week along with the circulating supply of the coin, which has increased 0.3%. This brings the circulating supply to 3.46 million. According to our data, the current market cap ranking for WSTETH is #14 at $9.91 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726758148_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wrapped stETH Up More Than 5% In 24 hours

Over the past 24 hours, WETH's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WETH</a>) price has risen 5.67% to $2,428.12. This continues its positive trend over the past week where it has experienced a 4.0% gain, moving from $2,334.73 to its current price. As it stands right now, the coin's all-time high is $4,799.89. 
The chart below compares the price movement and volatility for WETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726758078_0.png" alt="price_chart" />
The trading volume for the coin has climbed 41.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 1.28%. This brings the circulating supply to 2.92 million. According to our data, the current market cap ranking for WETH is #17 at $7.08 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726758078_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$WETH

WETH Up More Than 5% In 24 hours

Making a noteworthy insider sell on September 18, Edmond Villani, Board Member at Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>), is reported in the latest SEC filing.
What Happened: Villani's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001284812/000128481224000328//Archives/edgar/data/1284812/000128481224000328/0001284812-24-000328-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled the sale of 3,000 shares of Cohen &amp; Steers. The total transaction value is $290,280.
As of Thursday morning, Cohen &amp; Steers shares are down by 0.0%, currently priced at $95.37.
<h3>All You Need to Know About Cohen &amp; Steers</h3>
Cohen &amp; Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen &amp; Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.
<h3>Understanding the Numbers: Cohen &amp; Steers's Finances</h3>
Revenue Growth: Over the 3 months period, Cohen &amp; Steers showcased positive performance, achieving a revenue growth rate of 2.19% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 47.65%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Cohen &amp; Steers's EPS reflects a decline, falling below the industry average with a current EPS of 0.63.
</li>
</ul>
Debt Management: Cohen &amp; Steers's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 37.4 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.45 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 24.37, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001284812">Check Out The Full List Of Cohen &amp; Steers's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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