Economy

Ambac Financial Group's (NASDAQ:AMBC) "Buy" Rating Reiterated at BTIG Research

Ambac Financial Group's (NASDAQ:AMBC)

Ambac Financial Group, Inc. The brokerage now has a $21.00 price objective on the financial services provider's stock, up from their prior price objective of $17.00.

Shares of Ambac Financial Group (NASDAQ AMBC) opened at 19.08 on Friday. The institutional investor held 48,948 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $5.67 million, up from 24,286 at the end of the previous reported quarter. AQR Capital Management LLC increased its position in Ambac Financial Group by 107.3% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider's stock worth $271,000 after buying an additional 39 shares in the last quarter.

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Legal & General Group Plc decreased its position in Ambac Financial Group, Inc. Finally, Wells Fargo & Company MN boosted its stake in Ambac Financial Group by 83.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,917 shares of the financial services provider's stock worth $493,000 after buying an additional 130 shares during the last quarter. The Company operates through two segments: Financial Guarantee and Financial Services. EJF Capital LLC increased its stake in Ambac Financial Group by 71.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 33,896 shares of the financial services provider's stock valued at $639,000 after buying an additional 32,419 shares during the period. Moreover, Davis Capital Partners Llc has 7.25% invested in the company for 1.88 million shares. About shares traded. BofI Holding, Inc. Following the completion of the sale, the chief financial officer now owns 228,280 shares of the company's stock, valued at $9,423,398.40. The firm's market cap is $893.25 million.

Among 2 analysts covering Ambac Financial Group Inc. The stock's 50 day moving average is $46.31 and its 200-day moving average is $41.16.

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Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, July 19th. In the last earnings report the EPS was $-1.33 and is expected to be $0.70 for the current year with 45,228,000 shares now outstanding. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. Ambac Financial Group had a positive return on equity of 5.69% and a negative net margin of 16.39%. The business's revenue for the quarter was up 36.9% on a year-over-year basis. On average, equities research analysts anticipate that Ambac Financial Group, Inc. will post $0.70 EPS for the current fiscal year. The firm earned "Sell" rating on Monday, December 19 by M Partners.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Citigroup maintained it with "Buy" rating and $127 target in Thursday, September 29 report. This represents a $1.00 annualized dividend and a yield of 2.12%. Fidelity National Financial's payout ratio is now 43.67%. If you are accessing this piece on another website, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US & worldwide trademark and copyright laws. The original version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/13/us-bancorp-de-lowers-position-in-fidelity-national-financial-inc-fnf-updated.html. Piper Jaffray Companies reaffirmed a "buy" rating and issued a $48.00 target price on shares of Fidelity National Financial in a research note on Friday, July 14th. Monness Crespi & Hardt raised their target price on Fidelity National Financial from $42.00 to $45.00 and gave the company a "buy" rating in a report on Monday, May 15th. BTIG Research reissued a "buy" rating and issued a $26.00 price target on shares of Ambac Financial Group in a report on Saturday, July 22nd. Finally, Keefe, Bruyette & Woods restated a "hold" rating and issued a $38.00 price target on shares of Fidelity National Financial in a report on Wednesday, April 19th. MKM Partners upgraded the stock and raised the price target on November 11 changing the price target from $15.00 to $25.00 and moving the rating from "Neutral" to "Sell".

Slightly Positive Media Analysis May Not Affect Banco Bradesco (BBD) Shares Price
Finally, ZWJ Investment Counsel Inc. purchased a new stake in Banco Bradesco SA during the first quarter valued at about $157,000. Zacks Investment Research upgraded Banco Bradesco SA from a sell rating to a hold rating in a report on Thursday, March 30th.


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