Latest news with #equitymarket
Yahoo
2 days ago
- Business
- Yahoo
Marex to buy Winterflood Securities for £103.9m
Financial services company Marex Group has brokered a deal to acquire Winterflood Securities, a UK equity market maker, from Close Brothers Group for approximately £103.9m ($139.5m) in cash. Winterflood provides execution services to more than 400 institutional clients. It has a market share of around 15% by volume on the London Stock Exchange. In addition to its market-making activities, Winterflood operates Winterflood Business Services, which offers outsourced dealing, settlement, and custody services to a variety of clients. The clients include large institutions, investment platforms, wealth managers, and retail aggregators. Winterflood Securities CEO Bradley Dyer said: 'We're delighted to become part of Marex, which is a high-growth, global financial services company with a strong balance sheet. 'Our clients will continue to be served by the same team, while also benefitting from the backing of a large and growing company as well as access to a broader range of products and services from Marex.' The acquisition is anticipated to strengthen Marex's existing UK cash equities operations. This move is also expected to broaden Marex's distribution capabilities, particularly in servicing the UK institutional sector, which includes asset and wealth management firms. Marex Group CEO Ian Lowitt said: 'This acquisition gives us an opportunity to transform our existing equity market making business into a leading franchise, utilising the technology and connectivity of what is the leading brand in this market. 'This deal is consistent with our strict financial criteria, and we see opportunities to materially improve Winterflood's profitability and pay back its premium within two to three years.' The completion of the acquisition is contingent upon regulatory approval and is expected to be finalised in early 2026. Marex Group is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets. It offers a wide range of services, including clearing, agency and execution, market making, and hedging and investment solutions. "Marex to buy Winterflood Securities for £103.9m" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 days ago
- Business
- Yahoo
Aristotle Capital Exited Xylem (XYL) Despite Its Potential and Long-Term Catalysts. Here's Why
Aristotle Capital Management, LLC, an investment management company, released its 'Value Equity Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. Although the U.S. equity market started with volatility in the second quarter, it rebounded with strength, with the S&P 500 Index rising 10.94% during the quarter. The composite returned 4.88% gross of fees (4.75% net of fees) in the first quarter, outperforming the 3.78% return of the Russell 1000 Value Index and underperforming the 10.94% return of the S&P 500 Index. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Aristotle Capital Value Equity Strategy highlighted stocks such as Xylem Inc. (NYSE:XYL). Headquartered in Washington, District of Columbia, Xylem Inc. (NYSE:XYL) designs, manufactures, and services engineered products and solutions for the utility, industrial, and residential and commercial building services. The one-month return of Xylem Inc. (NYSE:XYL) was 2.79%, and its shares lost 4.14% of their value over the last 52 weeks. On July 22, 2025, Xylem Inc. (NYSE:XYL) stock closed at $131.05 per share, with a market capitalization of $31.891 billion. Aristotle Capital Value Equity Strategy stated the following regarding Xylem Inc. (NYSE:XYL) in its second quarter 2025 investor letter: "During the quarter, we sold our position in Xylem Inc. (NYSE:XYL) and invested in Uber. We first invested in Xylem, the global water technology company, in the first quarter of 2020. During our holding period, the company made meaningful progress on its initiatives to improve profitability, driven in part by a strategic shift toward higher-margin software and services. In addition, the acquisition of Evoqua further strengthened its water treatment capabilities and broadened its exposure to resilient industrial end markets. Xylem also continued to expand its portfolio across utility and industrial customers, reinforcing its leadership in water-related technologies. In early 2024, the company underwent a leadership transition, with Matthew Pine stepping in as CEO and Bill Grogan as CFO. Pine, formerly COO, brought operational experience from Carrier Residential, while Grogan joined from IDEX, where he helped drive the successful adoption of the 80/20 operating model. Under their leadership, Xylem has begun refocusing its strategy from scaling an ESG-led vision to pursuing operational efficiency through 80/20 principles, a shift still in its early stages. While we continue to recognize Xylem's potential and long-term catalysts, we chose to exit our position to fund what we believe is a more compelling opportunity in Uber." A technician opening a valve in a water infrastructure facility. Xylem Inc. (NYSE:XYL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Xylem Inc. (NYSE:XYL) at the end of the first quarter, which was 32 in the previous quarter. While we acknowledge the potential of Xylem Inc. (NYSE:XYL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Xylem Inc. (NYSE:XYL) and shared JPMorgan's coverage of the stock with overweight rating. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
7 days ago
- Business
- Yahoo
Northern Trust beats profit estimates on higher fees, market rally
(Reuters) -Northern Trust beat Wall Street estimates for second-quarter profit on Wednesday as a rally in the equity market and higher fees boosted the asset and wealth manager's results. Major U.S. indexes received a boost from a late-quarter rebound, fueled by optimism around potential interest-rate cuts and progress on trade negotiations. Markets had been rattled earlier in the quarter by changing U.S. tariff strategies and rising geopolitical strain. Assets under custody and administration climbed 9% to $18.1 trillion in the quarter ended June 30. Assets under management rose 11% during the same period. Net interest income - the spread between earnings from assets and costs from liabilities - rose 16% in the reported quarter. Trust, investment and other servicing fees increased 6%. "Northern Trust reported another quarter of strengthening results, featuring mid-single digit trust fee growth, record net interest income, and meaningful expansion in our pretax margin," CEO Mike O'Grady said. Earnings across the custody and asset management sector are getting a lift from recovering markets, resilient client flows and favorable currency movements. Northern Trust reported profit of $2.13 in the second quarter. Analysts on average had expected $2.05 per share, according to estimates compiled by LSEG. Earlier this month, BNY also beat Wall Street's profit estimates as the world's largest custodian bank benefited from higher interest income and fee revenue. The Wall Street Journal reported last month that BNY had approached smaller peer Northern Trust about a potential merger. Northern Trust, which is based in Chicago, later said it was fully committed to remaining independent. Deal activity in the sector is expected to accelerate in the second half of the year. Still, analysts view a merger between BNY and Northern Trust as unlikely, pointing to regulatory challenges and skepticism about Northern Trust's willingness to sell. They also said BNY may turn its attention to other potential targets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Aristotle Atlantic's Focus Growth Strategy Sold Expedia Group (EXPE) Due to Higher Risk of a Recession
Aristotle Atlantic Partners, LLC, an investment advisor, released its 'Focus Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The U.S. equity market regained its strength in the second quarter, following initial volatility, with the S&P 500 Index rising 10.94%. The Bloomberg U.S. Aggregate Bond Index also surged 1.21% during the quarter. Aristotle Atlantic's Focus Growth strategy returned 17.70% gross of fees (17.67% net of fees) in the quarter, underperforming the Russell 1000 Growth Index's 17.84% total return. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Aristotle Atlantic Focus Growth Strategy highlighted stocks such as Expedia Group, Inc. (NASDAQ:EXPE). Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company with a market capitalization of $23.58 billion. The one-month return of Expedia Group, Inc. (NASDAQ:EXPE) was 9.60%, and its shares gained 39.80% of their value over the last 52 weeks. On July 21, 2025, Expedia Group, Inc. (NASDAQ:EXPE) stock closed at $185.47 per share. Aristotle Atlantic Focus Growth Strategy stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its second quarter 2025 investor letter: We sold Expedia Group due to a higher risk of a recession following the significant increase in global tariffs, which can be expected to reduce overall levels of economic activity. In addition, the negative impact on the wealth effect due to potentially declining equity markets will likely impact demand for retail travel. Travel is among the most discretionary spend categories within the consumer discretionary sector. A busy airport terminal with a family eagerly waiting for their business trip. Expedia Group, Inc. (NASDAQ:EXPE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 54 hedge fund portfolios held Expedia Group, Inc. (NASDAQ:EXPE) at the end of the first quarter, which was 72 in the previous quarter. In the first quarter of 2025, Expedia Group, Inc. (NASDAQ:EXPE) reported revenue of $3 billion, up 3% year-over-year. While we acknowledge the potential of Expedia Group, Inc. (NASDAQ:EXPE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Expedia Group, Inc. (NASDAQ:EXPE) and shared the list of best magic formula stocks to invest in. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Aristotle Atlantic's Focus Growth Acquired HubSpot (HUBS) Backed by Multiple Catalysts
Aristotle Atlantic Partners, LLC, an investment advisor, released its 'Focus Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The U.S. equity market regained its strength in the second quarter, following initial volatility, with the S&P 500 Index rising 10.94%. The Bloomberg U.S. Aggregate Bond Index also surged 1.21% during the quarter. Aristotle Atlantic's Focus Growth strategy returned 17.70% gross of fees (17.67% net of fees) in the quarter, underperforming the Russell 1000 Growth Index's 17.84% total return. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Aristotle Atlantic Focus Growth Strategy highlighted stocks such as HubSpot, Inc. (NYSE:HUBS). HubSpot, Inc. (NYSE:HUBS) offers a cloud-based customer relationship management (CRM) platform for businesses. The one-month return of HubSpot, Inc. (NYSE:HUBS) was -1.92%, and its shares gained 11.91% of their value over the last 52 weeks. On July 21, 2025, HubSpot, Inc. (NYSE:HUBS) stock closed at $546.64 per share, with a market capitalization of $28.828 billion. Aristotle Atlantic Focus Growth Strategy stated the following regarding HubSpot, Inc. (NYSE:HUBS) in its second quarter 2025 investor letter: "HubSpot, Inc. (NYSE:HUBS) provides a cloud-based customer relationship management (CRM) platform that integrates marketing, sales, service, content management and operations hubs into a unified system. Its platform features applications and tools for tasks such as website creation, business blogging, search engine optimization, web analytics, lead generation and more, while also offering a native payment solution. Designed to create adaptable and cohesive customer experiences, HubSpot's Smart CRM and engagement hubs facilitate unified customer profiles and seamless interaction across the customer lifecycle. The hubs, available in free and paid tiers, can function independently, integrate with HubSpot's Smart platform or third-party CRMs, and scale alongside growing businesses. A team of software developers gathered around a monitor discussing a new CRM platform. HubSpot, Inc. (NYSE:HUBS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held HubSpot, Inc. (NYSE:HUBS) at the end of the first quarter, which was 73 in the previous quarter. While we acknowledge the potential of HubSpot, Inc. (NYSE:HUBS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered HubSpot, Inc. (NYSE:HUBS) and shared best debt-free stocks to invest in. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
