FINWIRES · TerminalLIVE
FINWIRES

$PS

20 stories mentioning PSUpdated 21d ago

Every FINWIRES story that references PS, newest first.

Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger.In the US, employment in the private sector increased more than expected in May, ADP data showed.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, while S&P Global (SPGI) pointed to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. Morgan Stanley shares fell 2%.Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares fell 1.7%, and JPMorgan eased 0.2%.Pershing Square (PS) will sell 80.6 million Universal Music Group shares in an overnight placing as Bill Ackman's hedge fund looks to exit its position, Bloomberg reported. Pershing shares fell 3.6%.Hartford Insurance (HIG) agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion. Hartford shares fell 1%.

$GS$HIG$JPM$MS$PS
Wire

Update: Market Chatter: Pershing Square Looks to Sell Stake in Universal Music Group

(Updates with Pershing's reply to a request for comment in the last paragraph.)Pershing Square (PS) will sell about 80.6 million shares in an overnight placing, as Bill Ackman's hedge fund looks to exit its position in Universal Music Group, Bloomberg reported Wednesday, citing a statement.The sale comes days after Universal Music rejected Pershing's takeover bid, the report said. Bank of America (BAC) is marketing the shares at a range of 17.66 euros ($20.48) to 18.62 euros each, the report said, citing the terms that it viewed.Pershing Square declined to comment, while Universal Music didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $35.21, Change: $-0.97, Percent Change: -2.68%

$PS
Wire

Market Chatter: Pershing Square Looks to Sell Stake in Universal Music Group

Pershing Square (PS) will sell about 80.6 million shares in an overnight placing, as Bill Ackman's hedge fund looks to exit its position in Universal Music Group, Bloomberg reported Wednesday, citing a statement.The sale comes days after Universal Music rejected Pershing's takeover bid, the report said. Bank of America (BAC) is marketing the shares at a range of 17.66 euros ($20.48) to 18.62 euros each, the report said, citing the terms that it viewed.Pershing Square and Universal Music didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $35.11, Change: $-1.08, Percent Change: -2.97%

$PS
Wire

Pershing Square Looks to Sell Stake in Universal Music Group, Bloomberg Reports

Pershing Square Looks to Sell Stake in Universal Music Group, Bloomberg Reports

$PS
Wire

Pershing Square's Takeover Proposal Rejected by Universal Music

Universal Music's board has rejected Pershing Square's (PS) takeover proposal after determining that the offer undervalued the company and would not deliver superior value creation, the music company said Friday.Pershing Square declined to comment to.Price: $38.92, Change: $+0.31, Percent Change: +0.79%

$PS
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential M&A deal, according to a FactSet transcript. JPMorgan shares fell 2.6%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. Carlyle shares were fractionally higher.Pershing Square's (PS) proposed takeover plan for Universal Music Group should be rejected, Bollore Group, which owns a roughly 18% stake in the music company, said Wednesday. Pershing Square shares were up 0.9%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. Its shares rose 3.4%.

$CG$HOOD$JPM$PS
Sectors

Sector Update: Financial

Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%.In corporate news, Pershing Square's (PS) proposed takeover plan for Universal Music Group should be rejected, Bollore Group, which owns a roughly 18% stake in the music company, said Wednesday. Pershing Square shares were up 0.9%.

$PS
Research

Loop Capital Initiates Public Storage at Buy With $49 Price Target

Pershing Square Inc. (PS) has an average rating of hold and mean price target of $42.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed late Tuesday afternoon, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index climbed 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) fell 1.8% to $75,824, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.493%.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday. The consumer confidence index ticked down to 93.1 this month from April's upwardly revised reading of 93.8. The consensus was for a 92 print in a Bloomberg survey.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 1.3%, and Santander gained 3.6%.Pershing Square (PS) has a highly resilient and differentiated business model, but its valuation appears elevated at current levels, Oppenheimer said in a note. Oppenheimer initiated coverage with a perform rating. Shares were up 1.4%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 11% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$PS$SAN$WBS
Sectors

Sector Update: Financial

Financial stocks were mixed late Tuesday afternoon, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index climbed 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) fell 1.8% to $75,824, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.493%.In corporate news, Pershing Square (PS) has a highly resilient and differentiated business model, but its valuation appears elevated at current levels, Oppenheimer said in a note. Oppenheimer initiated coverage with a perform rating. Shares were up 3%.

$PS
Wire

Pershing Square Has Limited Upside Potential Due to Current Valuation, RBC Says

Pershing Square (PS) has many favorable attributes but has limited upside potential due to its current valuation, RBC Capital Markets said in a Tuesday note initiating coverage of the company's stock.The company's durable permanent capital base is a strength, with 96% of its fee-paying assets under management made up of capital locked in for the long term, with no potential impact from redemptions, RBC analysts said. This allows Pershing Square to be patient with investments and be opportunistic during market dislocations, the analysts said.Pershing Square also has steady, recurring earnings driven mainly by management fees and preferred performance fees, the analysts said. They noted that preferred performance fees are potentially more predictable, not being driven by portfolio realizations.Managing $31 billion in total assets, with $21 billion marked as fee-paying assets under management, and having only 44 employees, the company employs a lean, high-margin business model, the analysts said.The company, led by notable investor Bill Ackman, has an experienced, aligned investment team with a long and successful track record, according to the note.RBC initiated coverage of the company's stock at sector perform with a price target of $40.Price: $36.81, Change: $+1.14, Percent Change: +3.20%

$PS
Wire

Pershing Square's Resilient Model Offset by Elevated Valuation, Oppenheimer Says

Pershing Square (PS) has a highly resilient and differentiated business model, but its valuation appears elevated at current levels, Oppenheimer said in a Tuesday note.The analysts noted that around 97% of fee paying assets under management are in permanent capital vehicles, mainly closed-end funds that are not exposed to redemptions and typically maintain concentrated equity portfolios over long durations.Oppenheimer said the structure blends elements of private equity, hedge funds, and business development companies, but stands out for its equity-focused approach and its ability to recycle realized gains into new investments over time.The performance depends on assumed portfolio returns of about 15% annually, seen as a key but debatable driver of long-term compounding, while noting that fundraising may remain limited as funds trade below NAV, reducing near-term growth visibility and supporting a cautious outlook, the report added.Oppenheimer initiated coverage with a perform rating.Shares of Pershing Square were up more than 3% in Tuesday trading.Price: $36.88, Change: $+1.21, Percent Change: +3.39%

$PS
Research

BofA Securities Initiates Pershing Square at Neutral With $42 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $36.50, Change: $+0.83, Percent Change: +2.33%

$PS
Research

Oppenheimer Initiates Pershing Square at Market Perform

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Research

UBS Initiates Pershing Square at Neutral With $39 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Research

Jefferies Initiates Pershing Square at Hold With $40 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Research

Citigroup Initiates Pershing Square at Buy With $50 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Research

Wells Fargo Initiates Pershing Square at Equalweight With $37 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Research

RBC Initiates Pershing Square at Sector Perform With $40 Price Target

Pershing Square (PS) has an average rating of hold and mean price target of $40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$PS
Insider Trading

Pershing Square Insider Bought Shares Worth $19,015,801, According to a Recent SEC Filing

William A Ackman, 10% Owner, Director, Chief Executive Officer and Chairman, on April 28, 2026, executed a purchase for 800,000 shares in Pershing Square (PS) for $19,015,801. Following the Form 4 filing with the SEC, Ackman has control over a total of 94,640,492 common shares of the company, with 1,500,000 shares held directly and 93,140,492 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2026053/000114036126018949/xslF345X05/form4.xml

$PS

Track with the FINWIRES app suite

FolioX
FolioX
Track PS in your portfolio
WheelAI
WheelAI
Analyze PS options with the wheel strategy
StockInsider
StockInsider
See market sentiment on PS
PS News | FINWIRES