
Robinhood CEO Says It's a ‘Tragedy' Retail Can't Tap Private Markets
'A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays,' Tenev said in an interview with David Rubenstein for an episode of Bloomberg Wealth. ' It's a shame that it's so difficult to get exposure in the US. We're obviously working to solve that.'
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Meet the 62p UK stock with a 7.6% dividend yield
Investors seeking high dividend yields tend to favour blue-chip stocks like Legal & General, Aviva, and HSBC. And that's understandable, as these kinds of companies are established and often very reliable dividend payers. But there are plenty of small UK companies – outside the Footsie – that sport high yields and have equal, if not more, return potential. Here's a look at one that I feel could be worth considering right now. A high yield from a UK small-cap The stock I want to highlight today is Record (LSE: REC). It's a small British financial services company that specialises in currency hedging and specialised asset management and currently comes with a market-cap of around £120m. Listed on the London Stock Exchange's main market (not the AIM), it trades for 62p. At that share price, its prospective dividend yield is about 7.6%. A diversified business model Now, this kind of small-cap stock's going to be riskier than a blue-chip like Legal & General. However, looking at the company and its financials, I like the risk/reward proposition. Recently, Record introduced three key product pillars. These are risk management, absolute return, and private markets. I think this is a sound strategy. Not only does it diversify the company away from currency management (its original business activity), but it provides potential for more long-term growth. The private markets exposure looks particularly interesting. It's still early days here (meaning that this segment isn't having a big impact on revenues today) but this is a huge growth market and there's substantial potential. The currency management side of the business still has the potential to do well though. With Donald Trump in the White House, the world's currency markets are likely to be volatile in the years ahead. Attractive financials Zooming in on the financials, I like what I see. This is a very profitable company. Last year, return on capital employed (ROCE) was a high 30%, meaning that the firm's good at generating profit from the money it has invested in the business. Meanwhile, dividends are rising, which is what I want to see from an income stock. Over the last three financial years, the annual payout's jumped from 3.6p per share to 4.65p per share (4.68p per share's expected for the current financial year). As for the valuation, it looks attractive. Currently, the price-to-earnings (P/E) ratio's only 12.6. At that multiple, there's scope for an upward re-rating if the company can show its new triple-pronged strategy's working. Worth a look On the downside, dividend coverage (the ratio of earnings to dividends) isn't high. So there are no guarantees that the company will be able to continue paying big dividends. There are also no guarantees that the company's new strategy will pay off. After all, private markets is a competitive industry and the group's up against some big players. However, I see a lot of reasons to consider this small-cap stock. Not only does it have the potential to be an income machine but there's also scope for share price gains. The post Meet the 62p UK stock with a 7.6% dividend yield appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Edward Sheldon has positions in London Stock Exchange Group. HSBC Holdings is an advertising partner of Motley Fool Money. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
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Analyst Estimates: Here's What Brokers Think Of Springer Nature AG & Co. KGaA (ETR:SPG) After Its Second-Quarter Report
It's been a pretty great week for Springer Nature AG & Co. KGaA (ETR:SPG) shareholders, with its shares surging 17% to €22.65 in the week since its latest second-quarter results. Results were roughly in line with estimates, with revenues of €476m and statutory earnings per share of €0.35. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the most recent consensus for Springer Nature KGaA from six analysts is for revenues of €1.92b in 2025. If met, it would imply an okay 2.4% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.91b and earnings per share (EPS) of €1.30 in 2025. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results. See our latest analysis for Springer Nature KGaA There's been no real change to the consensus price target of €28.01, with Springer Nature KGaA seemingly executing in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Springer Nature KGaA analyst has a price target of €31.20 per share, while the most pessimistic values it at €24.85. This is a very narrow spread of estimates, implying either that Springer Nature KGaA is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Springer Nature KGaA's growth to accelerate, with the forecast 4.9% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.4% per annum over the past year. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 4.4% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Springer Nature KGaA is expected to grow at about the same rate as the wider industry. The Bottom Line The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. At least one of Springer Nature KGaA's six analysts has provided estimates out to 2027, which can be seen for free on our platform here. You should always think about risks though. Case in point, we've spotted 1 warning sign for Springer Nature KGaA you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
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Cattle Rally, as Choice Beef Surpasses $400
Live cattle futures are posted gains of $2.90 to 3.90 across most contracts on Friday, with August up $3.70 on the week. Cash trade was mostly steady this week, with light dressed trade at $384-386 in the North and live action at $243-245. Southern sales have been picked up at $235. The Friday morning Fed Cattle Exchange online auction showed sales on 40 of the 1,188 head offered, at $242 in CO using the BidTheGrid™ method. Feeder cattle futures were back to rally mode on Friday, with contracts up $5.45 to $6.32, as August was up $6.75 this week. The CME Feeder Cattle Index was back down 26 cents to $345.75 on August 14. Commitment of Traders data showed spec funds trimming 752 contracts from their net long position as of Tuesday to 124,813 contracts. In feeder cattle, managed money cut a total of 3,542 contracts from their net long to 33,537 contracts. More News from Barchart Coffee Prices Soar to New 2-Month Highs Is the Corn Market a Buy? Coffee Prices Extend Weekly Rally to New 2-Month Highs Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. USDA Wholesale Boxed Beef prices were higher in the Friday PM report, with the Chc/Sel spread widening to $29.81. Choice boxes were up $6.78 at $400.57, while Select was $3.88 higher to $370.76. USDA estimated cattle slaughter for the week at 528,000 head. That was down just 7,000 head from last week and 67,484 head lower vs. the same week in 2024. Aug 25 Live Cattle closed at $236.250, up $2.900, Oct 25 Live Cattle closed at $230.650, up $3.825, Dec 25 Live Cattle closed at $232.175, up $3.775, Aug 25 Feeder Cattle closed at $346.150, up $5.750, Sep 25 Feeder Cattle closed at $347.350, up $6.325, Oct 25 Feeder Cattle closed at $345.900, up $5.450, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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