On Wednesday, Shares of Citigroup Inc. (NYSE:C), lost -0.96% to $57.
Citigroup declared that it has reached a definitive agreement to sell its Alternative Investor Services business, which comprises Hedge Fund Services and Private Equity Fund Services, to SS&C Technologies Holdings, Inc. The entire operations of this business, counting about 1,500 employees, will be transferred to SS&C upon closing.
This transaction is a positive outcome for Alternative Investor Services, counting its employees and clients. As a result of this deal, Alternative Investor Services will become part of a known leader in financial services with a demonstrated track record of delivering high-quality products and services to its clients.
In a research report revealed to investors on Friday, 14 August, Zacks stated it was downgrading Citigroup stock rating from a “hold” to a “buy”.
The stock price of Citigroup has raised 8.3% over the last 200 days, and is in weak up trend. In the last 50 and 100 days, Citigroup is up 3.41% and up 12.53%, respectively.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of The Charles Schwab Corporation (NYSE:SCHW), declined -2.42% to $33.10, during its last trading session.
The Charles Schwab Corporation released its Monthly Activity Report recently. Company highlights for the month of July 2015 comprise:
- Net new assets brought to the company by new and existing clients in July 2015 totaled $9.8 billion.
- Total client assets were $2.56 trillion as of month-end July, up 8% from July 2014 and up 1% contrast to June 2015.
- Average interest-earning assets on the company’s balance sheet were a record $158.2 billion in July, up 15% from July 2014 and up 2% contrast to June 2015.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, Targa Resources Partners LP (NYSE:NGLS), ended its last trade with -3.54% loss, and closed at $30.82.
Targa Resources Partners declared that it is participating in the Citi MLP / Midstream Infrastructure Conference on Wednesday, August 19, 2015 and Thursday, August 20, 2015 in Las Vegas, Nevada.
Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
