Shahid Jamil/iStock Editorial via Getty Images Apple (NASDAQ:AAPL) shares ticked up fractionally in premarket trading on Wednesday as investment firm Needham raised its price target, noting that the company is spending its capital on share buybacks instead of generative artificial intelligence infrastructure. Needham analyst Laura Martin raised her price targetContinue Reading
Sean Anthony Eddy Insurance products distributor in China — Fanhua (NASDAQ:FANH) board of directors authorized the expansion share repurchase program by an additional $20M, bringing total authorized repurchase to $40M. As of June 30, 2024, ~726,616 ADS had been repurchased at an aggregate purchase price of ~$5.4M since the inceptionContinue Reading
Mario Tama/Getty Images News Morgan Stanley (NYSE:MS) will increase its quarterly dividend by 8.8% and its board reauthorized a $20B multi-year stock repurchase program after the lender passed the Federal Reserve’s 2024 stress test, it said on Friday. The company will pay a new quarterly dividend of $0.925 starting inContinue Reading
kodda/iStock via Getty Images Africa Oil (TSX:AOI:CA) has repurchased a total of 1,081,800 Africa Oil common shares during the period of June 17, 2024, to June 21, 2024, under the previously announced share buyback program, it said on Monday. The transaction consolidates ownership in core cash generating assets and bringsContinue Reading
filo Prudential plc (NYSE:PUK) plans to buy back $2 billion of stock by the middle of 2026, the financial-services and insurance company said Sunday. “Progress towards our financial objectives will increase the potential for further cash returns to shareholders,” Anil Wadhwani, chief executive of Prudential (PUK) said in a statement.Continue Reading
