Financial Stocks New Highs: Zillow (NASDAQ:Z), The Bank of New York Mellon (NYSE:BK), MGIC Investment (NYSE:MTG), CBRE Group (NYSE:CBG), BGC Partners (NASDAQ:BGCP)

Zillow, Inc. (NASDAQ: Z), the leading real estate and home-related marketplace, and Douglas Elliman Real Estate, one of the largest real estate brokerages in the nation and New York City’s largest residential brokerage, announced they have entered into a new strategic marketing partnership.Zillow Inc (NASDAQ:Z) net profit margin is -6.70% and weekly performance is 0.92%. On last trading day company shares ended up $132.30. Analysts mean target price for the company is $103.69. Zillow Inc (NASDAQ:Z) distance from 50-day simple moving average is 20.04%.

The Bank of New York Mellon Corporation (NYSE:BK), the world’s largest custody bank, said two of its executives, Curtis Arledge and Brian Shea, have been given added duties while another, Tim Keaney, will leave the company. The Bank of New York Mellon Corporation (NYSE:BK) shares fell -0.39% in last trading session and ended the day on $35.97. BK its return on assets is 0.70%. The Bank of New York Mellon Corporation (NYSE:BK) quarterly performance is 2.13%.

MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of its insurance subsidiaries for the month of May 2014 for their primary mortgage insurance. The information concerning new notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the number of business days in a month, and by transfers of servicing between loan servicers. MGIC Investment Corp. (NYSE:MTG) shares moved down -0.32% in last trading session and was closed at $9.23, while trading in range of $9.22-$9.50. MGIC Investment Corp. (NYSE:MTG) year to date performance is 9.36%.

CBRE Group, Inc. (NYSE:CBG) announced its appointment to provide property management services for CommonWealth REIT’s (NYSE: CWH) 42.9 million-sq.-ft. property portfolio, excluding properties classified as discontinued operations. CBRE Group Inc (NYSE:CBG) ended the last trading day at $31.49. Company weekly volatility is calculated as 1.46% and price to cash ratio as 21.29. CBRE Group Inc (NYSE:CBG) showed a positive weekly performance of 3.28%.

BGC Partners (NASDAQ:BGCP)‘s stock had its “outperform” rating reaffirmed by equities researchers at Raymond James in a research report issued on Tuesday. They currently have a $8.00 price target on the stock, up from their previous price target of $7.50. Raymond James’ price objective would indicate a potential upside of 5.12% from the stock’s previous close.BGC Partners, Inc. (NASDAQ:BGCP) net profit margin is 4.00% and weekly performance is 1.21%. On last trading day company shares ended up $7.51. Analysts mean target price for the company is $7.50. BGC Partners, Inc. (NASDAQ:BGCP) distance from 50-day simple moving average is 5.69%.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *