On May 29, Vantiv, Inc. (NYSE:VNTV) conducted a secondary offering of 5.78 million shares of Class A Common Stock being sold on behalf of Fifth Third (FITB). The sale will result in an approximate 12 percent reduction in our ownership position in Vantiv (excluding the warrant noted below). Our purpose in the sale is to continue the process of monetizing the remaining portion of our stake in Vantiv in a considered, orderly fashion over time. Vantiv Inc (NYSE:VNTV) net profit margin is 6.62% and weekly performance is 3.71%. On last trading day company shares ended up $32.14. Analysts mean target price for the company is $34.08. Vantiv Inc (NYSE:VNTV) distance from 50-day simple moving average (SMA50) is 6.62%.
Moneygram International Inc (NASDAQ:MGI) a leading global money transfer and payment services company, has signed an agreement with Oman United Exchange Co. LLC, a leading currency exchange business in the Sultanate of Oman, to offer money transfer services at several locations throughout the country. The collaboration brings MoneyGram’s services closer to where customers live and work. Moneygram International Inc (NASDAQ:MGI) shares advanced 3.09% in last trading session and ended the day on $13.70. Gross Margin is 35.80% and its return on assets is 2.10%. Moneygram International Inc (NASDAQ:MGI) quarterly performance is -28.05%.
Discover Financial Services (NYSE:DFS) received a 2014 Golden Trumpet award from the Publicity Club of Chicago at the Club’s 55th annual Golden Trumpet Awards dinner gala held at the Palmer House Hilton in Chicago Wednesday night. Discover won in the Issues Management category for Pathway to Financial Success, a five-year, $10 million investment to bring financial education curriculum to public high schools across the country. Discover Financial Services (NYSE:DFS) shares moved up 2.92% in last trading session and was closed at $61.74, while trading in range of $60.10 – $61.77. Discover Financial Services (NYSE:DFS) year to date (YTD) performance is 11.24%.
ConocoPhillips (NYSE:COP) shares hit a new 52-week high on Friday after Citigroup raised their price target on the stock from $85.00 to $95.00, Analyst Ratings.Net reports. The stock traded as high as $81.07 and last traded at $81.06, with a volume of 2,214,658 shares trading hands. The stock had previously closed at $80.05. ConocoPhillips (NYSE:COP) ended the last trading day at $80.84. Company weekly volatility is calculated as 1.01% and price to cash ratio as 15.23. ConocoPhillips (NYSE:COP) showed a positive weekly performance of 1.13%.
On June 1, 2014, Marathon Oil Corporation (NYSE:MRO) entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil’s wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil expects net proceeds of approximately $2.1 billion at closing. The transaction is expected to close in the fourth quarter of 2014, with an effective date of January 1, 2014. Marathon Oil Corporation (NYSE:MRO) net profit margin is 17.50% and weekly performance is 1.77%. On last trading day company shares ended up $37.31. Analysts mean target price for the company is $42.67. Marathon Oil Corporation (NYSE:MRO) distance from 50-day simple moving average (SMA50) is 4.02%.
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