April 3, 2023

This paid piece is sponsored by MarketBeat.

Pathward Financial (NASDAQ: CASH) – On March 2, Pathward Financial announced it would issue a cash dividend of 5 cents per share April 3 to shareholders of record March 13.

SAB Biotherapeutics (NASDAQ: SABS) – In March, Eddie Sullivan, co-founder, president and CEO, was a guest on ICR’s “Welcome to the Arena” podcast. The podcast focuses on elevating the voices of individuals who influence and create value for public and private equity-backed companies. Sullivan spoke about SAB’s polyclonal antibody research, the future of fighting diseases and the biotech sector’s biggest challenges.

First Interstate BancSystem (NASDAQ: FIBK) – FIBK stock is down 16.5 percent in the past month after the Silicon Valley Bank collapse. Analysts, however, continue to have a consensus hold rating on the stock with a price target of $42, which would be a 40 percent gain from the stock’s closing price March 31.

The Bancorp (NASDAQ: TBBK)  The Bancorp continues to see interest from institutional investors and hedge funds. Over 90 percent of the common stock is owned by institutional investors, which is a bullish sign for prospective investors and depositors.

Wells Fargo (NYSE: WFC) – On March 1, Wells Fargo issued a cash dividend of 30 cents per share to shareholders of record March 3. In other news, the bank resolved a legacy dispute from 2015 by paying a $97.8 million fine from the Federal Reserve and U.S. Treasury Department for “deficient oversight’ when Wells Fargo provided a trade finance platform to an unnamed foreign bank.

NorthWestern Energy (NASDAQ: NWE) – NorthWestern Energy continues to be the target of a Montana bill that allows customers to be locked into paying for power plants before they’re bought or built. At issue is the return of a “preapproval statute” previously declared unconstitutional because it was a privilege afforded only to NorthWestern Energy, which is the state’s largest monopoly utility.

CNH Industrial (NYSE: CNHI) – On March 30, CNH Industrial announced an agreement to acquire Hemisphere GNSS, a global leader in high-performance satellite-positioning technology owned by Unistrong, a company incorporated in China. This is an extension of the company’s ongoing M&A strategy.

Citigroup (NYSE: C) – On March 30, Citigroup announced the hiring of Andy Sieg to head up its global wealth advisory unit. The bank snagged Sieg from Bank of America Corp. (NYSE: BAC), where he headed up its Merrill Wealth Management unit. Building up its wealth management business is a key component of the bank’s strategy to diversify its business.

McDonald’s (NYSE: MCD) – On March 15, McDonald’s issued a cash dividend of $1.52 per share to shareholders of record March 1. The company has had its price target boosted by three analysts in the past month, suggesting that the stock may be getting ready to break out of a tight range.

Walmart (NYSE: WMT) – Walmart will host its 2023 Investment Community Meeting on April 4-5 in Florida. In March, the retail giant also launched Clean Beauty, an online shop that helps customers find beauty products made without ingredients they may not want.

Target (NYSE: TGT) – On March 10, Target issued a cash dividend of $1.08 per share to shareholders of record Feb. 15.

Macy’s (NYSE: M) – On March 2, Macy’s delivered a mixed earnings report. The retailer delivered earnings per share of $1.87, better than analysts’ expectations of $1.57. The company’s revenue was slightly less than forecast at $8.26 billion.

Amazon (NASDAQ: AMZN) – Artificial intelligence is the current rage, and in March, Amazon reasserted its leadership position in the sector by announcing its latest collaboration with Nvidia (NASDAQ: NVDA) to use next-generation infrastructure to build generative AI applications.

Costco (NASDAQ: COST) – On March 2, Costco Wholesale delivered its second quarter earnings report. The warehouse club delivered earnings per share of $3.30, which beat analysts’ expectations of $3.20. Revenue came in at $55.27 billion, less than the $55.61 billion expected.

Ford Motor (NYSE: F) – On March 1, Ford Motor issued a cash dividend of 15 cents per share to shareholders of record Feb. 13. The company also gave analysts an outlook on the profitability of its electric vehicle unit, with expectations of profitability by late 2026.

General Motors (NYSE: GM) – On March 16, General Motors issued a cash dividend of 9 cents per share for shareholders of record March 3. The automaker also announced an investment of $68 million in its Rochester, New York, manufacturing facility, which will produce cooling lines for electric vehicle batteries.

MarketBeat overview

MarketBeat was founded in 2011 with the mission of creating high-quality stock research tools and making them available to investors at all levels. The site uses the latest technology to provide proprietary, comprehensive, accurate and up-to-the-minute financial data, including information about analyst recommendations, dividend declarations and earnings announcements.

All this information and more is made available for free on the company’s website and via the company’s daily newsletters. MarketBeat aims to be a go-to resource for both retail and institutional investors. Currently, over 15 million individuals visit MarketBeat.com every month.