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21800.0 | 2015-12-11 00:00:00 UTC | T. Rowe Price Rewards Shareholders; Appoints New CEO | AB | https://www.nasdaq.com/articles/t.-rowe-price-rewards-shareholders-appoints-new-ceo-2015-12-11 | nan | nan | T. Rowe Price Group, Inc. 's TROW board of directors approved an increase in the company's share repurchase authorization by 12 million. This reflects the company's capital strength.
The latest approval enhances the total repurchase authorization to 20.9 million shares.
During the first nine months of 2015, the company repurchased 11.2 million shares for $852 million out of which 6.4 million for $467 million were repurchased in the third quarter itself.
As of Sep 30, 2015, T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3 billion, which support the company's ability to continue investing in the future periods. This not only enables the company to undertake shareholder-friendly moves, but also helps it enhance shareholder value.
Further, the company has adopted the proxy access by-law amendment. Such moves allow stockholders to nominate individuals to the board who meets the required criteria in the amended by-laws.
Along with rewarding shareholders, T. Rowe Price's board of directors announced and approved the appointment of William J. Stromberg as president, Chief Executive and Chairman of the Management Committee, effective Jan 1, 2016 and a board of director too. Stromberg will succeed James A.C. Kennedy who will resign from the CEO and president post, effective Dec 31, 2015. Notably, Kennedy will leave T. Rowe Price at the end of March 2016.
We believe that despite active competition, the company has significant long-term upside potential based on its disciplined risk-aware investment approach, which focuses on diversification, consistency in style and fundamental research.
T. Rowe Price currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the finance space include Federated Investors, Inc. FII , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . All three carry a Zacks Rank #2 (Buy).
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ALLIANCEBERNSTN (AB): Free Stock Analysis Report
WOORI BANK (WF): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked stocks in the finance space include Federated Investors, Inc. FII , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . As of Sep 30, 2015, T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3 billion, which support the company's ability to continue investing in the future periods. This not only enables the company to undertake shareholder-friendly moves, but also helps it enhance shareholder value. | Better-ranked stocks in the finance space include Federated Investors, Inc. FII , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. As of Sep 30, 2015, T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3 billion, which support the company's ability to continue investing in the future periods. | Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. As of Sep 30, 2015, T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3 billion, which support the company's ability to continue investing in the future periods. This not only enables the company to undertake shareholder-friendly moves, but also helps it enhance shareholder value. | As of Sep 30, 2015, T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3 billion, which support the company's ability to continue investing in the future periods. This not only enables the company to undertake shareholder-friendly moves, but also helps it enhance shareholder value. Notably, Kennedy will leave T. Rowe Price at the end of March 2016. |
21801.0 | 2015-12-11 00:00:00 UTC | Prospect Capital (PSEC) in Focus: Stock Up 5.6% in Session | AB | https://www.nasdaq.com/articles/prospect-capital-psec-in-focus%3A-stock-up-5.6-in-session-2015-12-11 | nan | nan | Prospect Capital CorporationPSEC was a big mover last session, as the company saw its shares rise around 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 11% since Nov 27, 2015.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this investment management firm going forward to see if this recent move higher can last.
Prospect Capital currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is AllianceBernstein Holding L.P. AB , carrying a Zacks Rank #2 (Buy).
Is PSEC going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A better-ranked stock in the same industry is AllianceBernstein Holding L.P. AB , carrying a Zacks Rank #2 (Buy). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. Prospect Capital CorporationPSEC was a big mover last session, as the company saw its shares rise around 6% on the day. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. AB , carrying a Zacks Rank #2 (Buy). Prospect Capital currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. AB , carrying a Zacks Rank #2 (Buy). The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PROSPECT CAP CP (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. AB , carrying a Zacks Rank #2 (Buy). Prospect Capital CorporationPSEC was a big mover last session, as the company saw its shares rise around 6% on the day. |
21802.0 | 2015-12-09 00:00:00 UTC | SEI Investments (SEIC) Hikes Dividend, Raises Buyback | AB | https://www.nasdaq.com/articles/sei-investments-seic-hikes-dividend-raises-buyback-2015-12-09 | nan | nan | SEI Investments Co.SEIC raised its semi-annual dividend by 8% to 26 cents per share from the prior payout of 24 cents. Concurrently, the company's board approved a $100 million increase in its share repurchase authorization, thereby taking the total authorization level to $153 million.
The latest hike marks the fifth consecutive dividend increase by the company; and the stock now has an annualized yield of 0.98%. Though this is considerably below the industry average of 3%, the company continues to utilize excess capital to fund business investments.
The company continues to deploy resources into its SEI Wealth Platform, through which it delivers investment processing solutions. Since its inception in 2007, the company has signed deals with 20 independent wealth advisors in the U.K and 10 banks in the U.S. In 2014, the company converted two client tranches and intends to convert a larger tranche by the end of 2015.
Moreover, in Jul 2015, the company extended its long-term affiliation with Well Fargo Bank, National Association; and is currently working on the projects in the pipeline. At the same time, the company continues to make investments to ramp up operations across every business segment.
These investments have helped the company to grow revenues at a five-year compounded annual growth rate of 8.9% (2010−2014). Though the company is projected to witness revenue growth of 5.5% in 2015, it is expected to remain flat for the industry. Additionally, the projected earnings per share growth rate is currently 4.3% for SEI Investment as against negative 2.8% for the industry.
As a result, we remain optimistic about the company's prospects and hence, expect the dividend increase to boost investor confidence.
SEI Investment currently carries a Zacks Rank #3 (Hold). Some better-ranked investment managers are Woori Bank Co., Ltd. WF , Federated Investors, Inc. FII and AllianceBernstein Holding L.P. AB . All these stocks hold a Zacks Rank #2 (Buy).
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FEDERATED INVST (FII): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
WOORI BANK (WF): Free Stock Analysis Report
SEI INVESTMENTS (SEIC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Though this is considerably below the industry average of 3%, the company continues to utilize excess capital to fund business investments. Some better-ranked investment managers are Woori Bank Co., Ltd. WF , Federated Investors, Inc. FII and AllianceBernstein Holding L.P. AB . As a result, we remain optimistic about the company's prospects and hence, expect the dividend increase to boost investor confidence. | Some better-ranked investment managers are Woori Bank Co., Ltd. WF , Federated Investors, Inc. FII and AllianceBernstein Holding L.P. AB . Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Though this is considerably below the industry average of 3%, the company continues to utilize excess capital to fund business investments. | Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Though this is considerably below the industry average of 3%, the company continues to utilize excess capital to fund business investments. As a result, we remain optimistic about the company's prospects and hence, expect the dividend increase to boost investor confidence. | Though this is considerably below the industry average of 3%, the company continues to utilize excess capital to fund business investments. As a result, we remain optimistic about the company's prospects and hence, expect the dividend increase to boost investor confidence. Some better-ranked investment managers are Woori Bank Co., Ltd. WF , Federated Investors, Inc. FII and AllianceBernstein Holding L.P. AB . |
21803.0 | 2015-12-08 00:00:00 UTC | Federated (FII) Acquires $930M Money Market Assets | AB | https://www.nasdaq.com/articles/federated-fii-acquires-%24930m-money-market-assets-2015-12-08 | nan | nan | Moving forward with its expansion moves, Federated Investors, Inc.FII completed the deal with Huntington Asset Advisors, Inc. and The Huntington National Bank, subsidiaries of Huntington Bancshares Incorporated HBAN , announced in September. The company acquired assets worth around $930 million in money market fund assets of Huntington Asset Advisors. These assets relate to Huntington Asset Advisors' management of two money market funds.
As per the deal, the assets were transitioned to Federated money market funds with similar investment objectives and strategies. Some assets were reorganized from the liquidated Huntington Money Market Fund in November and the remaining was reorganized from the Huntington U.S. Treasury Money Market Fund into Federated Treasury Obligations Fund.
"Many different types of organizations turn to Federated, a leading provider of liquidity management products and services, as they evaluate their cash-management needs," said Joe Machi, director of alliances at Federated. "We will continue to consider and evaluate alliance and acquisition opportunities with asset managers, banks, insurers and broker/dealers in the United States and around the world."
In order to comply with the U.S. Securities and Exchange Commission's (SEC) 2014 rules related to money market funds, Federated announced further improvements to its plans to restructure the product line and merge certain funds in November 2015. The Pittsburg-based investment manager expects completion of product changes before the end of this year. As part of the restructuring, the company is categorizing certain money market funds as institutional under Rule 2a-7 of the Investment Company Act and 2014 rules. Previously, the company delineated certain funds as retail money market funds in June 2015 with the preliminary plan announced in February 2015.
Notably, in July 2015, Federated announced that it has completed the transition of nearly $4 billion in shareholder accounts from six money market funds of Reich & Tang Asset Management, LLC. Additionally, in June, Federated completed the acquisition of tax-free money market assets worth $91 million from Touchstone Advisors, Inc.
We remain encouraged by Federated's strategic deals. Under the prevailing pressure in money market funds owing to the lingering low interest-rate environment and stringent regulations, acquiring money market assets depicts buoyancy of the company in the money market business.
Federated currently carries a Zacks Rank #2 (Buy). A couple of other finance stocks worth considering include AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Both the stocks sport a Zacks Rank #2.
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HUNTINGTON BANC (HBAN): Free Stock Analysis Report
FEDERATED INVST (FII): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
WOORI BANK (WF): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, in July 2015, Federated announced that it has completed the transition of nearly $4 billion in shareholder accounts from six money market funds of Reich & Tang Asset Management, LLC. A couple of other finance stocks worth considering include AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report HUNTINGTON BANC (HBAN): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report HUNTINGTON BANC (HBAN): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, in July 2015, Federated announced that it has completed the transition of nearly $4 billion in shareholder accounts from six money market funds of Reich & Tang Asset Management, LLC. A couple of other finance stocks worth considering include AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . | Click to get this free report HUNTINGTON BANC (HBAN): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, in July 2015, Federated announced that it has completed the transition of nearly $4 billion in shareholder accounts from six money market funds of Reich & Tang Asset Management, LLC. A couple of other finance stocks worth considering include AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . | Notably, in July 2015, Federated announced that it has completed the transition of nearly $4 billion in shareholder accounts from six money market funds of Reich & Tang Asset Management, LLC. A couple of other finance stocks worth considering include AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report HUNTINGTON BANC (HBAN): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report To read this article on Zacks.com click here. |
21804.0 | 2015-12-08 00:00:00 UTC | Ameriprise Unveils New Share Buyback Plan: Worth a Look? | AB | https://www.nasdaq.com/articles/ameriprise-unveils-new-share-buyback-plan%3A-worth-a-look-2015-12-08 | nan | nan | Ameriprise Financial, Inc.AMP continues to reward its shareholders through dividend hikes or additional share repurchases. The company recently announced a new share buyback plan with authorization to repurchase $2.5 billion of shares through Dec 31, 2017.
In Apr 2014, Ameriprise had authorized an additional amount of $2.5 billion for repurchase of shares through Apr 28, 2016. Of this authorization, shares worth $550 million were left as of Sep 30, 2015.
Notably, Ameriprise has been paying quarterly dividends along with regular hikes. Since 2010, the company has raised its dividend eight times. The dividend was last hiked in Apr 2015 by 16% to 67 cents per share.
With strong liquidity and balance sheet position, we believe Ameriprise will continue to reward its shareholders, going forward. So, keeping this in mind, is the company worth considering? Let's dig deeper into its financials and fundamental strengths.
Value Score: Ameriprise has a Value Style Score of 'A'. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Scores of 'A' or 'B', when combined with Zacks Rank of #1 (Strong Buy) or #2 (Buy), offer the best upside potential.
Earnings per Share (EPS): Ameriprise is expected to deliver strong earnings performance in the near term as indicated by the company's projected EPS growth (F1/F0) of 8.2% against negative industry average of 2.75%.
Revenue: Driven by a well-diversified portfolio compared with its industry peers, revenue growth had remained strong at Ameriprise. However, the company's projected sales (F1/F0) will decline 3.82%.
Zacks Rank: Ameriprise currently carries a Zacks Rank #4 (Sell). Analysts are also bearish on the stock as the Zacks Consensus Estimate has declined 1.8% and 4.2% for 2015 and 2016, respectively, over the last 60 days.
Stocks that Warrant A Look
Stocks worth considering in the asset management sector include AllianceBernstein Holding L.P. AB , Federated Investors, Inc. FII and GAMCO Investors, Inc. GBL . All these hold sport a Zacks Rank #2.
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AMERIPRISE FINL (AMP): Free Stock Analysis Report
FEDERATED INVST (FII): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
GAMCO INVESTORS (GBL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, Ameriprise has been paying quarterly dividends along with regular hikes. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Stocks that Warrant A Look Stocks worth considering in the asset management sector include AllianceBernstein Holding L.P. AB , Federated Investors, Inc. FII and GAMCO Investors, Inc. GBL . | Stocks that Warrant A Look Stocks worth considering in the asset management sector include AllianceBernstein Holding L.P. AB , Federated Investors, Inc. FII and GAMCO Investors, Inc. GBL . Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report GAMCO INVESTORS (GBL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Ameriprise has been paying quarterly dividends along with regular hikes. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report GAMCO INVESTORS (GBL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Ameriprise has been paying quarterly dividends along with regular hikes. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. | Notably, Ameriprise has been paying quarterly dividends along with regular hikes. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Stocks that Warrant A Look Stocks worth considering in the asset management sector include AllianceBernstein Holding L.P. AB , Federated Investors, Inc. FII and GAMCO Investors, Inc. GBL . |
21805.0 | 2015-10-28 00:00:00 UTC | New Strong Sell Stocks for October 28th | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-28th-2015-10-28 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
AllianceBernstein Holding LP ( AB )
Arctic Cat Inc ( ACAT )
ARM Holdings plc ( ARMH )
Carlisle Companies, Inc. ( CSL )
CECO Environmental Corp. ( CECE )
View the entire Zacks Rank #5 List .
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ARCTIC CAT INC (ACAT): Free Stock Analysis Report
ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report
CARLISLE COS IN (CSL): Free Stock Analysis Report
CECO ENVIRNMNTL (CECE): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Carlisle Companies, Inc. ( CSL ) CECO Environmental Corp. ( CECE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report CARLISLE COS IN (CSL): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Carlisle Companies, Inc. ( CSL ) CECO Environmental Corp. ( CECE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report CARLISLE COS IN (CSL): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Carlisle Companies, Inc. ( CSL ) CECO Environmental Corp. ( CECE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report CARLISLE COS IN (CSL): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Carlisle Companies, Inc. ( CSL ) CECO Environmental Corp. ( CECE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report CARLISLE COS IN (CSL): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21806.0 | 2015-10-21 00:00:00 UTC | New Strong Sell Stocks for October 21st | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-21st-2015-10-21 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
Affiliated Managers Group, Inc. ( AMG )
AllianceBernstein Holding LP ( AB )
America Movil SAB de CV ( AMX )
CONN'S, Inc. ( CONN )
Crestwood Equity Partners LP ( CEQP )
View the entire Zacks Rank #5 List .
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AFFIL MANAGERS (AMG): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
AMER MOVIL-ADR (AMX): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
CRESTWOOD EQTY (CEQP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) America Movil SAB de CV ( AMX ) CONN'S, Inc. ( CONN ) Crestwood Equity Partners LP ( CEQP ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) America Movil SAB de CV ( AMX ) CONN'S, Inc. ( CONN ) Crestwood Equity Partners LP ( CEQP ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) America Movil SAB de CV ( AMX ) CONN'S, Inc. ( CONN ) Crestwood Equity Partners LP ( CEQP ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) America Movil SAB de CV ( AMX ) CONN'S, Inc. ( CONN ) Crestwood Equity Partners LP ( CEQP ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21807.0 | 2015-10-12 00:00:00 UTC | New Strong Sell Stocks for October 12th | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-12th-2015-10-12 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Affiliated Managers Group, Inc. ( AMG )
AllianceBernstein Holding LP ( AB )
Baidu Inc ( BIDU )
BlackRock, Inc. ( BLK )
Blackstone Group LP ( BX )
View the entire Zacks Rank #5 List .
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ALLIANCEBERNSTN (AB): Free Stock Analysis Report
BAIDU INC (BIDU): Free Stock Analysis Report
BLACKROCK INC (BLK): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) Baidu Inc ( BIDU ) BlackRock, Inc. ( BLK ) Blackstone Group LP ( BX ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) Baidu Inc ( BIDU ) BlackRock, Inc. ( BLK ) Blackstone Group LP ( BX ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) Baidu Inc ( BIDU ) BlackRock, Inc. ( BLK ) Blackstone Group LP ( BX ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Affiliated Managers Group, Inc. ( AMG ) AllianceBernstein Holding LP ( AB ) Baidu Inc ( BIDU ) BlackRock, Inc. ( BLK ) Blackstone Group LP ( BX ) View the entire Zacks Rank #5 List . Click to get this free report AFFIL MANAGERS (AMG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21808.0 | 2015-10-12 00:00:00 UTC | Financial Sector Update for 10/12/2015: AB, LM | AB | https://www.nasdaq.com/articles/financial-sector-update-10122015-ab-lm-2015-10-12 | nan | nan | Top Financial Shares:
JPM: flat
BAC: +0.06%
WFC: flat
C: flat
USB: flat
U.S. financial stocks were fairly stagnant ahead of Monday's opening bell ahead of a week of earnings slated with a significant number of financial companies.
In financial stocks news, AllianceBernstein ( AB ) said preliminary assets under management decreased to $463 billion during September 2015 from $471 billion at the end of August.
And, Legg Mason, Inc. ( LM ) reported preliminary assets under management of $672.1 billion as of September 30, 2015. This month's AUM included preliminary long-term net inflows of $1.5 billion, consisting of fixed income inflows of $1.3 billion and equity inflows of $0.2B.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, AllianceBernstein ( AB ) said preliminary assets under management decreased to $463 billion during September 2015 from $471 billion at the end of August. WFC: flat C: flat USB: flat U.S. financial stocks were fairly stagnant ahead of Monday's opening bell ahead of a week of earnings slated with a significant number of financial companies. And, Legg Mason, Inc. ( LM ) reported preliminary assets under management of $672.1 billion as of September 30, 2015. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In financial stocks news, AllianceBernstein ( AB ) said preliminary assets under management decreased to $463 billion during September 2015 from $471 billion at the end of August. WFC: flat C: flat USB: flat U.S. financial stocks were fairly stagnant ahead of Monday's opening bell ahead of a week of earnings slated with a significant number of financial companies. | In financial stocks news, AllianceBernstein ( AB ) said preliminary assets under management decreased to $463 billion during September 2015 from $471 billion at the end of August. WFC: flat C: flat USB: flat U.S. financial stocks were fairly stagnant ahead of Monday's opening bell ahead of a week of earnings slated with a significant number of financial companies. This month's AUM included preliminary long-term net inflows of $1.5 billion, consisting of fixed income inflows of $1.3 billion and equity inflows of $0.2B. | In financial stocks news, AllianceBernstein ( AB ) said preliminary assets under management decreased to $463 billion during September 2015 from $471 billion at the end of August. Top Financial Shares: JPM: flat WFC: flat C: flat USB: flat U.S. financial stocks were fairly stagnant ahead of Monday's opening bell ahead of a week of earnings slated with a significant number of financial companies. |
21809.0 | 2015-09-23 00:00:00 UTC | New Liquidity Risk Management Reforms Devised by SEC | AB | https://www.nasdaq.com/articles/new-liquidity-risk-management-reforms-devised-by-sec-2015-09-23 | nan | nan | The Securities and Exchange Commission ("SEC") unanimously voted to recommend new rules to enhance effective liquidity risk management for mutual funds and exchange-traded funds ("ETFs"). The move comes as part of five initiatives framed and undertaken by the SEC to minimize potential risks imbedded in such funds and adequately shield them from any kind of financial shock.
The risks involved are solvency and liquidity. The challenge is to meet shareholder redemptions during periods of stress and ensure smooth functioning of the funds despite large withdrawals. The main reasons for these additional safeguards for the over $60 trillion asset-management industry by the SEC are to lower overall systematic risks and protect investors' interests.
"Promoting stronger liquidity risk management is essential to protecting the interests of the millions of Americans who invest in mutual funds and exchange-traded funds," said SEC Chair Mary Jo White. "These significant reforms would require funds to better manage their liquidity risks, give them new tools to meet that requirement, and enhance the Commission's oversight."
The Proposed Reforms
Under the proposal, mutual funds and ETFs would need to implement liquidity risk management programs and enhance disclosure regarding fund liquidity and redemption practices. The funds would require to maintain a minimum cushion of cash or cash-like investments, which can be sold within three days (down from seven days currently required by statute).
Moreover, under the new reforms, the funds will be able to charge investors, if they redeem their money on days of elevated withdrawals. The purpose is to make certain the timely redemption of shares and collection of assets by investors without hampering day-to-day running of the funds.
Further, according to the new rules, the open-end funds would have to allow the use of "swing pricing" in certain cases. Swing pricing is a liquidity management tool designed to reduce the dilution impact of subscriptions and redemptions on non-trading fund investors. This step would enable mutual funds to reveal the fund's net asset value (NAV) costs related to shareholders' trading activity.
In addition, the proposed reforms would put a 15% cap on investments that can be made in hard-to-trade assets. As reported by the Wall Street Journal, some of the largest U.S. bond mutual funds have 15% or more of their money invested in such illiquid securities.
Our Take
Increased investments in mutual funds as well as ETFs by investors in recent years have compelled the SEC to toughen its stance. The concern is the anticipated scramble for exit by the investors in case of panic or extreme market movements. The implementation of the assured rate hike could also trigger huge immediate redemptions. Simultaneous fat withdrawals will result in large losses to fund managers in case they are not prepared for such measures and hold too much illiquid assets in the funds.
While BlackRock, Inc. BLK has been extending its support to the SEC's proposed reforms to enhance liquidity risk management practices across the industry, other asset managers like Fidelity Investments and The Blackstone Group L.P. BX , Cohen & Steers Inc. CNS , AllianceBernstein Holding L.P. AB and Pimco are also expected to follow suit.
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COHEN&STRS INC (CNS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, under the new reforms, the funds will be able to charge investors, if they redeem their money on days of elevated withdrawals. This step would enable mutual funds to reveal the fund's net asset value (NAV) costs related to shareholders' trading activity. While BlackRock, Inc. BLK has been extending its support to the SEC's proposed reforms to enhance liquidity risk management practices across the industry, other asset managers like Fidelity Investments and The Blackstone Group L.P. BX , Cohen & Steers Inc. CNS , AllianceBernstein Holding L.P. AB and Pimco are also expected to follow suit. | While BlackRock, Inc. BLK has been extending its support to the SEC's proposed reforms to enhance liquidity risk management practices across the industry, other asset managers like Fidelity Investments and The Blackstone Group L.P. BX , Cohen & Steers Inc. CNS , AllianceBernstein Holding L.P. AB and Pimco are also expected to follow suit. Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, under the new reforms, the funds will be able to charge investors, if they redeem their money on days of elevated withdrawals. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, under the new reforms, the funds will be able to charge investors, if they redeem their money on days of elevated withdrawals. This step would enable mutual funds to reveal the fund's net asset value (NAV) costs related to shareholders' trading activity. | While BlackRock, Inc. BLK has been extending its support to the SEC's proposed reforms to enhance liquidity risk management practices across the industry, other asset managers like Fidelity Investments and The Blackstone Group L.P. BX , Cohen & Steers Inc. CNS , AllianceBernstein Holding L.P. AB and Pimco are also expected to follow suit. Moreover, under the new reforms, the funds will be able to charge investors, if they redeem their money on days of elevated withdrawals. This step would enable mutual funds to reveal the fund's net asset value (NAV) costs related to shareholders' trading activity. |
21810.0 | 2015-09-17 00:00:00 UTC | Moving Average Crossover Alert: AllianceBernstein Holding (AB) | AB | https://www.nasdaq.com/articles/moving-average-crossover-alert%3A-alliancebernstein-holding-ab-2015-09-17 | nan | nan | AllianceBernstein Holding LP ( AB ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 3.6% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock.
If that wasn't enough, AB isn't looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 1 estimate has been reduced, while none have moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AB.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding LP ( AB ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AB. | AllianceBernstein Holding LP ( AB ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. | AllianceBernstein Holding LP ( AB ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. | Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. AllianceBernstein Holding LP ( AB ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. |
21811.0 | 2015-08-12 00:00:00 UTC | New Strong Sell Stocks for August 12th | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-august-12th-2015-08-12 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AllianceBernstein Holding L.P. ( AB )
Altera Corp. ( ALTR )
AVX Corp. ( AVX )
BBVA Banco Francés S.A. ( BFR )
Cabot Corporation ( CBT )
View the entire Zacks Rank #5 List .
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ALLIANCEBERNSTN (AB): Free Stock Analysis Report
ALTERA CORP (ALTR): Free Stock Analysis Report
AVX CORP (AVX): Free Stock Analysis Report
BANCO FRANC-ADR (BFR): Free Stock Analysis Report
CABOT CORP (CBT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P. ( AB ) Altera Corp. ( ALTR ) AVX Corp. ( AVX ) BBVA Banco Francés S.A. ( BFR ) Cabot Corporation ( CBT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report AVX CORP (AVX): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P. ( AB ) Altera Corp. ( ALTR ) AVX Corp. ( AVX ) BBVA Banco Francés S.A. ( BFR ) Cabot Corporation ( CBT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report AVX CORP (AVX): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P. ( AB ) Altera Corp. ( ALTR ) AVX Corp. ( AVX ) BBVA Banco Francés S.A. ( BFR ) Cabot Corporation ( CBT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report AVX CORP (AVX): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P. ( AB ) Altera Corp. ( ALTR ) AVX Corp. ( AVX ) BBVA Banco Francés S.A. ( BFR ) Cabot Corporation ( CBT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report AVX CORP (AVX): Free Stock Analysis Report BANCO FRANC-ADR (BFR): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21812.0 | 2015-08-10 00:00:00 UTC | New Strong Sell Stocks for August 10th - Tale of the Tape | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-august-10th-tale-of-the-tape-2015-08-10 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
AllianceBernstein Holding LP ( AB )
ARRIS Group, Inc. ( ARRS )
Artisan Partners Asset Management Inc ( APAM )
Autohome Inc ( ATHM )
BCE Inc. ( BCE )
View the entire Zacks Rank #5 List .
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ARRIS GROUP INC (ARRS): Free Stock Analysis Report
ARTISAN PTNR AM (APAM): Free Stock Analysis Report
AUTOHOME INC (ATHM): Free Stock Analysis Report
BCE INC (BCE): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) ARRIS Group, Inc. ( ARRS ) Artisan Partners Asset Management Inc ( APAM ) Autohome Inc ( ATHM ) BCE Inc. ( BCE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARRIS GROUP INC (ARRS): Free Stock Analysis Report ARTISAN PTNR AM (APAM): Free Stock Analysis Report AUTOHOME INC (ATHM): Free Stock Analysis Report BCE INC (BCE): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) ARRIS Group, Inc. ( ARRS ) Artisan Partners Asset Management Inc ( APAM ) Autohome Inc ( ATHM ) BCE Inc. ( BCE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARRIS GROUP INC (ARRS): Free Stock Analysis Report ARTISAN PTNR AM (APAM): Free Stock Analysis Report AUTOHOME INC (ATHM): Free Stock Analysis Report BCE INC (BCE): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) ARRIS Group, Inc. ( ARRS ) Artisan Partners Asset Management Inc ( APAM ) Autohome Inc ( ATHM ) BCE Inc. ( BCE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARRIS GROUP INC (ARRS): Free Stock Analysis Report ARTISAN PTNR AM (APAM): Free Stock Analysis Report AUTOHOME INC (ATHM): Free Stock Analysis Report BCE INC (BCE): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: AllianceBernstein Holding LP ( AB ) ARRIS Group, Inc. ( ARRS ) Artisan Partners Asset Management Inc ( APAM ) Autohome Inc ( ATHM ) BCE Inc. ( BCE ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report ARRIS GROUP INC (ARRS): Free Stock Analysis Report ARTISAN PTNR AM (APAM): Free Stock Analysis Report AUTOHOME INC (ATHM): Free Stock Analysis Report BCE INC (BCE): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21813.0 | 2015-07-15 00:00:00 UTC | AllianceBernstein Holding Becomes Oversold | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-becomes-oversold-2015-07-15 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. AllianceBernstein Holding L P (Symbol: AB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making AllianceBernstein Holding L P an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AB entered into oversold territory, changing hands as low as $27.22 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of AllianceBernstein Holding L P, the RSI reading has hit 28.7 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 49.0. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, AB's recent annualized dividend of 1.80/share (currently paid in quarterly installments) works out to an annual yield of 6.38% based upon the recent $28.23 share price.
A bullish investor could look at AB's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AB's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. AllianceBernstein Holding L P (Symbol: AB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding L P an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AB entered into oversold territory, changing hands as low as $27.22 per share. | Indeed, AB's recent annualized dividend of 1.80/share (currently paid in quarterly installments) works out to an annual yield of 6.38% based upon the recent $28.23 share price. Click here to find out what 9 other oversold dividend stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AllianceBernstein Holding L P (Symbol: AB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. | Click here to find out what 9 other oversold dividend stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AllianceBernstein Holding L P (Symbol: AB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding L P an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AB entered into oversold territory, changing hands as low as $27.22 per share. | Indeed, AB's recent annualized dividend of 1.80/share (currently paid in quarterly installments) works out to an annual yield of 6.38% based upon the recent $28.23 share price. AllianceBernstein Holding L P (Symbol: AB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding L P an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AB entered into oversold territory, changing hands as low as $27.22 per share. |
21814.0 | 2015-06-29 00:00:00 UTC | BlackRock to Set an Internal Lending Program if SEC Agrees - Analyst Blog | AB | https://www.nasdaq.com/articles/blackrock-to-set-an-internal-lending-program-if-sec-agrees-analyst-blog-2015-06-29 | nan | nan | BlackRock, Inc.BLK , one of the world's leading asset management firms, filed with the U.S. Securities and Exchange Commission ("SEC") to obtain approval for establishing an internal lending platform. The program will enable the company's in-need-for-cash mutual funds access to excess cash of other funds managed by the firm.
The application was submitted by BlackRock's privately owned investment manager BlackRock Advisors, LLC as well as registered investment advisory firm BlackRock Fund Advisors.
How will This Help?
Due to elevated volatility in the U.S. bond funds, which is expected to continue in the upcoming quarters, the funds have been experiencing increased investors' redemptions. The early redemptions lead to cash shortfalls and hamper the fund operations.
Along with cash drag maintained by the funds to meet sudden early withdrawals, the firms usually hold credit lines with banks to cover increased pull-outs by fundholders. However, cost of borrowing tends to be higher in case of bank loans and can be burdensome if the funds' temporary cash needs are significant.
Therefore, BlackRock wants to set up an interfund lending program, which will facilitate borrowing and lending money for the funds at cash shortfall from sister funds holding free cash. This will reduce the costs involved in the process along with providing more flexibility as well as increased returns compared with money market instruments to the lending funds.
Implications
BlackRock will continue to borrow from existing bank credit lines after receiving approval for its internal plan. The firms' credit facility has gone up tremendously from $500 million in 2013 to more than $2 billion. The current credit arrangement provided by a group of banks will end in Apr 2016.
However, rising uncertainty regarding the banks' willingness to carry forward existing credit lines owing to changes in regulatory bank capital rules has compelled BlackRock to search for other alternatives.
Currently, BlackRock holds a Zacks Rank #4 (Sell). Some better-ranked investment management firms include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . All these stocks carry a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | BlackRock, Inc.BLK , one of the world's leading asset management firms, filed with the U.S. Securities and Exchange Commission ("SEC") to obtain approval for establishing an internal lending platform. The program will enable the company's in-need-for-cash mutual funds access to excess cash of other funds managed by the firm. Some better-ranked investment management firms include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . | Some better-ranked investment management firms include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. BlackRock, Inc.BLK , one of the world's leading asset management firms, filed with the U.S. Securities and Exchange Commission ("SEC") to obtain approval for establishing an internal lending platform. | Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. BlackRock, Inc.BLK , one of the world's leading asset management firms, filed with the U.S. Securities and Exchange Commission ("SEC") to obtain approval for establishing an internal lending platform. The program will enable the company's in-need-for-cash mutual funds access to excess cash of other funds managed by the firm. | Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. BlackRock, Inc.BLK , one of the world's leading asset management firms, filed with the U.S. Securities and Exchange Commission ("SEC") to obtain approval for establishing an internal lending platform. The program will enable the company's in-need-for-cash mutual funds access to excess cash of other funds managed by the firm. |
21815.0 | 2015-06-26 00:00:00 UTC | KKR Launches New Platform to Manage Bad Loan Market - Analyst Blog | AB | https://www.nasdaq.com/articles/kkr-launches-new-platform-to-manage-bad-loan-market-analyst-blog-2015-06-26 | nan | nan | Leading global investment firm KKR & Co. L.P.KKR has launched a pan-European platform to acquire and manage "bad loans" sitting on the balance sheets of various banks in the country, particularly in Italy, with the help of a special vehicle. The newly launched platform is part of the company's commitment to invest in European industries.
Notably, KKR will inject capital in companies underlying the banks' non-performing as well as underperforming loans. Such funding will free up capital, otherwise held against their bad loan positions, which can be used to support growth opportunities. KKR will also engage its consultancy unit Capstone for providing operational expertise to these companies.
Reportedly, the company has already partnered with Italy's largest bank, UniCredit SpA, as well as Intesa Sanpaolo SpA, through KKR Credit to transfer a €1-billion portfolio of non-performing loans to its 100% privately financed platform. The company also noted, "The platform is open to other lenders and companies who would benefit from fresh capital and additional operational support".
According to data compiled by PwC, European banking industry houses €2 trillion in non-core assets, including €1.2 trillion in non-performing loans. KKR's novel approach is a likely way out for banks which are apprehensive of recognizing losses from selling distressed loans at huge discounts.
Moreover, participant banks will benefit from the upside as and when the underlying companies perform better and value of the transferred assets increases.
We believe the latest move by KKR is a holistic mix of efforts, which seeks to revive the dismal European banking industry, and at the same time, caters to the company's personal interest of attracting more and more business.
Currently, KKR carries a Zacks Rank #3 (Hold). Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB , and Woori Bank Co., Ltd. WF are better-ranked investment managers, each holding a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, KKR will inject capital in companies underlying the banks' non-performing as well as underperforming loans. Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB , and Woori Bank Co., Ltd. WF are better-ranked investment managers, each holding a Zacks Rank #2 (Buy). Click to get this free report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. | Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB , and Woori Bank Co., Ltd. WF are better-ranked investment managers, each holding a Zacks Rank #2 (Buy). Click to get this free report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, KKR will inject capital in companies underlying the banks' non-performing as well as underperforming loans. | Click to get this free report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, KKR will inject capital in companies underlying the banks' non-performing as well as underperforming loans. Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB , and Woori Bank Co., Ltd. WF are better-ranked investment managers, each holding a Zacks Rank #2 (Buy). | Click to get this free report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, KKR will inject capital in companies underlying the banks' non-performing as well as underperforming loans. Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB , and Woori Bank Co., Ltd. WF are better-ranked investment managers, each holding a Zacks Rank #2 (Buy). |
21816.0 | 2015-06-25 00:00:00 UTC | Is Lazard (LAZ) Struggling with Economic Headwinds? - Analyst Blog | AB | https://www.nasdaq.com/articles/is-lazard-laz-struggling-with-economic-headwinds-analyst-blog-2015-06-25 | nan | nan | We have issued an updated research report on Lazard Ltd.LAZ on Jun 24, 2015. We believe Lazard remains well positioned over the long term, given the prevailing macroeconomic headwinds, a limited upside is expected in the near term. Further, at the current level, asset management businesses are under cyclical and secular pressures.
Concentration risk also might arise for Lazard owing to over dependence on Financial Advisory revenues. Notably, these revenues contribute nearly 52% to Lazard's total revenue.
Though Lazard is diligently working on its cost-containment measures directed toward improving profitability with minimal impact on revenues, heavy dependence on overseas revenues give rise to a plethora of risks stemming from the regulatory and political environment, foreign exchange fluctuations and performance of the regional economy.
Over the last 30 days, the Zacks Consensus Estimate increased slightly for fiscal 2015 to stand at $3.58 per share. However, for fiscal 2016, the Zacks Consensus Estimate remained stable at $3.95 per share over the same time frame.
Currently, Lazard carries a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Some better-ranked investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . All three stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Though Lazard is diligently working on its cost-containment measures directed toward improving profitability with minimal impact on revenues, heavy dependence on overseas revenues give rise to a plethora of risks stemming from the regulatory and political environment, foreign exchange fluctuations and performance of the regional economy. However, for fiscal 2016, the Zacks Consensus Estimate remained stable at $3.95 per share over the same time frame. Notably, these revenues contribute nearly 52% to Lazard's total revenue. | Stocks That Warrant a Look Some better-ranked investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, these revenues contribute nearly 52% to Lazard's total revenue. | Stocks That Warrant a Look Some better-ranked investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Woori Bank Co., Ltd. WF . Click to get this free report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, these revenues contribute nearly 52% to Lazard's total revenue. | Notably, these revenues contribute nearly 52% to Lazard's total revenue. Though Lazard is diligently working on its cost-containment measures directed toward improving profitability with minimal impact on revenues, heavy dependence on overseas revenues give rise to a plethora of risks stemming from the regulatory and political environment, foreign exchange fluctuations and performance of the regional economy. However, for fiscal 2016, the Zacks Consensus Estimate remained stable at $3.95 per share over the same time frame. |
21817.0 | 2015-06-23 00:00:00 UTC | Federated Builds Money Market AUM on Touchstone Deal - Analyst Blog | AB | https://www.nasdaq.com/articles/federated-builds-money-market-aum-on-touchstone-deal-analyst-blog-2015-06-23 | nan | nan | Pittsburg-based investment manager Federated Investors Inc.FII has completed the acquisition of tax-free money market assets worth $91 million from Touchstone Advisors, Inc. Federated, which is presently focused on increasing its assets under management ("AUM"), had inked this deal with Touchstone in Mar 2015.
Following the merger, the concerned money market assets have been transferred to the company's Federated Ohio Municipal Cash Trust from Touchstone's Touchstone Ohio Tax-Free Money Market Fund. Additionally, the company has transitioned another $100 million in tax-free money market assets to the same fund.
Federated is a leading provider of tax-free money market products, with roughly $18 billion in tax-free money market assets as part of its massive $355.8 billion-AUM tally. Moreover, these assets contribute nearly 32% to the company's total revenue.
Under the prevailing pressure for money market funds owing to the lingering low interest-rate environment and stringent regulations, acquisition of these assets depicts the company's buoyancy in the money market business. Though Federated continues to voluntarily waive fees to maintain zero or positive yields, it remains optimistic about an increase in short-term rates, which would offset the negative impact of such waivers. However, fee waivers are anticipated to produce a negative pre-tax impact of $24 million in the second quarter of 2015.
Also, the company is currently working toward reallocating its resources for implementing product development as well as planning, along with several restructuring initiatives, so as to comply with 2014 Money Fund Rules. In this respect, the company announced plans to restructure its product line and merge certain funds, earlier in June.
Additionally, the company has another deal in place with Reich & Tang Asset Management, LLC, to acquire shareholder assets worth nearly $7 billion from the latter's money market funds. The transition is likely to be completed in Jul 2015.
Currently, Federated carries a Zacks Rank #3 (Hold). Investment managers with better ranks include Affiliated Managers Group Inc. AMG , Woori Bank Co., Ltd. WF and AllianceBernstein Holding L.P. AB . All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Though Federated continues to voluntarily waive fees to maintain zero or positive yields, it remains optimistic about an increase in short-term rates, which would offset the negative impact of such waivers. Investment managers with better ranks include Affiliated Managers Group Inc. AMG , Woori Bank Co., Ltd. WF and AllianceBernstein Holding L.P. AB . Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Though Federated continues to voluntarily waive fees to maintain zero or positive yields, it remains optimistic about an increase in short-term rates, which would offset the negative impact of such waivers. Investment managers with better ranks include Affiliated Managers Group Inc. AMG , Woori Bank Co., Ltd. WF and AllianceBernstein Holding L.P. AB . | Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Though Federated continues to voluntarily waive fees to maintain zero or positive yields, it remains optimistic about an increase in short-term rates, which would offset the negative impact of such waivers. Investment managers with better ranks include Affiliated Managers Group Inc. AMG , Woori Bank Co., Ltd. WF and AllianceBernstein Holding L.P. AB . | Though Federated continues to voluntarily waive fees to maintain zero or positive yields, it remains optimistic about an increase in short-term rates, which would offset the negative impact of such waivers. Investment managers with better ranks include Affiliated Managers Group Inc. AMG , Woori Bank Co., Ltd. WF and AllianceBernstein Holding L.P. AB . Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report WOORI BANK (WF): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. |
21818.0 | 2015-06-16 00:00:00 UTC | Manning & Napier (MN) Crumbles: Stock Falls by 5.0% - Tale of the Tape | AB | https://www.nasdaq.com/articles/manning-napier-mn-crumbles%3A-stock-falls-by-5.0-tale-of-the-tape-2015-06-16 | nan | nan | Manning & Napier, Inc. ( MN ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for MN as the stock is now up over 1% in the past one-month time frame.
This Financial Investment company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
MN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Financial Investment Management industry is AllianceBernstein Holding L.P. ( AB ) which holds a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A better-ranked stock in the Financial Investment Management industry is AllianceBernstein Holding L.P. ( AB ) which holds a Zacks Rank #2 (Buy). Click to get this free report MANNING&NAPIER (MN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Manning & Napier, Inc. ( MN ) saw a big move last session, as the company's shares fell over 5% on the day. | Click to get this free report MANNING&NAPIER (MN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the Financial Investment Management industry is AllianceBernstein Holding L.P. ( AB ) which holds a Zacks Rank #2 (Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | A better-ranked stock in the Financial Investment Management industry is AllianceBernstein Holding L.P. ( AB ) which holds a Zacks Rank #2 (Buy). Click to get this free report MANNING&NAPIER (MN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A better-ranked stock in the Financial Investment Management industry is AllianceBernstein Holding L.P. ( AB ) which holds a Zacks Rank #2 (Buy). Click to get this free report MANNING&NAPIER (MN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Manning & Napier, Inc. ( MN ) saw a big move last session, as the company's shares fell over 5% on the day. |
21819.0 | 2015-06-16 00:00:00 UTC | Franklin (BEN) Set to Benefit from Rise in AUM & Revenues - Analyst Blog | AB | https://www.nasdaq.com/articles/franklin-ben-set-to-benefit-from-rise-in-aum-revenues-analyst-blog-2015-06-16 | nan | nan | We have issued an updated research report on Franklin Resources, Inc.BEN on Jun 15, 2015. We believe this asset manager is well positioned to benefit from a robust rise in assets under management ("AUM") as well as its organic and inorganic growth strategies.
Franklin's AUM has grown substantially over the years, recording a 5-year (2010-2014) CAGR of 8.6%. Though the trend reversed in the first half of fiscal 2015, we expect the uptrend to continue in the subsequent quarters, as markets improve steadily.
Further, driven by expected stabilization of legislative initiatives and other successful efforts, along with liquidity in the financial markets, Franklin has been restructuring its business, strategies and operation. Also, the company's relatively strong distribution platform equips it better to extract the best from its businesses. We believe these factors would aid further top-line growth.
On the flip side, mounting operating expenses remain a major concern for the company. Operating expenses recorded a 3-year (2012-2014) CAGR of 7.2%. Further, management anticipates higher compensation costs to elevate expenses further in the upcoming quarters. Also, potential changes in strategic marketing campaigns will likely lead to higher advertising and promotion expenditure, thereby adversely impacting bottom-line growth.
Over the last 60 days, the Zacks Consensus Estimate increased 3.4% for fiscal 2015 to stand at $3.68 per share. However, for fiscal 2016, the Zacks Consensus Estimate fell 2 cents to $3.83 per share over the same time frame.
Currently, Franklin carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Noah Holdings Limited NOAH . All three stocks hold the same Zacks Rank as Franklin.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Further, driven by expected stabilization of legislative initiatives and other successful efforts, along with liquidity in the financial markets, Franklin has been restructuring its business, strategies and operation. Other Stocks to Consider Other investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Noah Holdings Limited NOAH . Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Further, driven by expected stabilization of legislative initiatives and other successful efforts, along with liquidity in the financial markets, Franklin has been restructuring its business, strategies and operation. Other Stocks to Consider Other investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Noah Holdings Limited NOAH . | Other Stocks to Consider Other investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Noah Holdings Limited NOAH . Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. Further, driven by expected stabilization of legislative initiatives and other successful efforts, along with liquidity in the financial markets, Franklin has been restructuring its business, strategies and operation. | Further, driven by expected stabilization of legislative initiatives and other successful efforts, along with liquidity in the financial markets, Franklin has been restructuring its business, strategies and operation. Other Stocks to Consider Other investment management stocks that are worth a look include Affiliated Managers Group Inc. AMG , AllianceBernstein Holding L.P. AB and Noah Holdings Limited NOAH . Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report To read this article on Zacks.com click here. |
21820.0 | 2015-05-19 00:00:00 UTC | Weakness Seen in Fifth Street Asset (FSAM): Stock Falls 17.1% - Tale of the Tape | AB | https://www.nasdaq.com/articles/weakness-seen-in-fifth-street-asset-fsam%3A-stock-falls-17.1-tale-of-the-tape-2015-05-19 | nan | nan | Fifth StreetAsset Management Inc. ( FSAM ) saw a big move last session, as the company's shares fell by over 17% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FSAM, as the stock is now down over 23% since Apr 28, 2015.
On May 15, 2015, the company announced first quarter 2015 earnings of 19 cents a share, which declined 5% year over year and also fell short of the Zacks Consensus Estimate of 23 cents.
The financial solutions provider has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
FSAM currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), holding a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), holding a Zacks Rank #2 (Buy). Click to get this free report FIFTH STREET AM (FSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Fifth StreetAsset Management Inc. ( FSAM ) saw a big move last session, as the company's shares fell by over 17% on the day. | Click to get this free report FIFTH STREET AM (FSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), holding a Zacks Rank #2 (Buy). On May 15, 2015, the company announced first quarter 2015 earnings of 19 cents a share, which declined 5% year over year and also fell short of the Zacks Consensus Estimate of 23 cents. | Click to get this free report FIFTH STREET AM (FSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), holding a Zacks Rank #2 (Buy). On May 15, 2015, the company announced first quarter 2015 earnings of 19 cents a share, which declined 5% year over year and also fell short of the Zacks Consensus Estimate of 23 cents. | A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), holding a Zacks Rank #2 (Buy). Click to get this free report FIFTH STREET AM (FSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Fifth StreetAsset Management Inc. ( FSAM ) saw a big move last session, as the company's shares fell by over 17% on the day. |
21821.0 | 2015-05-14 00:00:00 UTC | RELY (RELY) in Focus: Stock Jumps 5.3% - Tale of the Tape | AB | https://www.nasdaq.com/articles/rely-rely-in-focus%3A-stock-jumps-5.3-tale-of-the-tape-2015-05-14 | nan | nan | RELY ( RELY ) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 41.6% in the past one-month time frame.
None of the estimates for this investment management stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
RELY currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), carrying a Zacks Rank #2 (Buy). Click to get this free report SIGNATURE GROUP (RELY): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. This continues the recent uptrend for the company as the stock is now up 41.6% in the past one-month time frame. | Click to get this free report SIGNATURE GROUP (RELY): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), carrying a Zacks Rank #2 (Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Click to get this free report SIGNATURE GROUP (RELY): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), carrying a Zacks Rank #2 (Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | A better-ranked stock in the same industry is AllianceBernstein Holding L.P. ( AB ), carrying a Zacks Rank #2 (Buy). Click to get this free report SIGNATURE GROUP (RELY): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. None of the estimates for this investment management stock were revised over the past 30 days. |
21822.0 | 2015-05-14 00:00:00 UTC | Is AllianceBernstein Holding (AB) Stock A Great Combo of Value and Growth? - Tale of the Tape | AB | https://www.nasdaq.com/articles/is-alliancebernstein-holding-ab-stock-a-great-combo-of-value-and-growth-tale-of-the-tape-0 | nan | nan | Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ).
AllianceBernstein Holding in Focus
AB may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 1, and its decent dividend yield of 5.9 %. These factors suggest that AllianceBernstein Holding is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings.
But before you think that AllianceBernstein Holding is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.9% in the past 30 days, thanks to 1 upward revision in the past one month compared to none lower.
This estimate strength is actually enough to push AB to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, AllianceBernstein Holding is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 1, and its decent dividend yield of 5.9 %. This estimate strength is actually enough to push AB to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). | Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 1, and its decent dividend yield of 5.9 %. These factors suggest that AllianceBernstein Holding is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings. | These factors suggest that AllianceBernstein Holding is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings. Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). | AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 14.6, its P/S ratio of 1, and its decent dividend yield of 5.9 %. These factors suggest that AllianceBernstein Holding is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). |
21823.0 | 2015-05-07 00:00:00 UTC | Janus Capital Up to Strong Buy on Solid Fundamentals - Analyst Blog | AB | https://www.nasdaq.com/articles/janus-capital-up-to-strong-buy-on-solid-fundamentals-analyst-blog-2015-05-07 | nan | nan | On May 7, Zacks Investment Research upgraded Janus Capital Group, Inc.JNS one notch higher to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Janus Capital's solid mix of investment products and a strong financial position makes it well positioned for opportunistic acquisitions and strategic alliances that will help in generating higher revenues going forward.
Further, the company is trying to use a diversification strategy with product innovation to improve investment performance with the help of a multi-boutique approach to provide style-specific expertise across an array of its strategies, including growth, value and risk-managed equities, fixed income and alternatives. These factors have helped reduce the overall net outflows, in turn increasing assets under management (AUM).
Consistent growth in top line along with AUM resulted in impressive first-quarter 2015 results for Janus Capital. Earnings per share attributable to common shareholders came in at 23 cents, beating the Zacks Consensus Estimate by 2 cents.
The better-than-expected earnings along with the company's steady capital deployment activities and continuing efforts towards improving operating leverage has helped enhance investors' confidence.
However, escalating costs and the company's equity-heavy portfolio continue to be matters of concern. Rising expenses, legal claims and investment losses could be a drag on its bottom line going forward. Nevertheless, given its healthy balance sheet, we believe Janus Capital has the potential to perform well in the long run.
Over the past 30 days, the Zacks Consensus Estimates for 2015 rose 3.1% to $1.00 per share, while it remained stable at $1.31 per share for 2016.
Other investment management firms worth considering include Brookfield Asset Management Inc. BAM , Silvercrest Asset Management Group Inc. SAMG and AllianceBernstein Holding L.P. AB . While, Brookfield Asset Management and Silvercrest Asset Management hold the same rank as Janus Capital, AllianceBernstein sports a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Earnings per share attributable to common shareholders came in at 23 cents, beating the Zacks Consensus Estimate by 2 cents. Over the past 30 days, the Zacks Consensus Estimates for 2015 rose 3.1% to $1.00 per share, while it remained stable at $1.31 per share for 2016. Other investment management firms worth considering include Brookfield Asset Management Inc. BAM , Silvercrest Asset Management Group Inc. SAMG and AllianceBernstein Holding L.P. AB . | Other investment management firms worth considering include Brookfield Asset Management Inc. BAM , Silvercrest Asset Management Group Inc. SAMG and AllianceBernstein Holding L.P. AB . Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings per share attributable to common shareholders came in at 23 cents, beating the Zacks Consensus Estimate by 2 cents. | Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings per share attributable to common shareholders came in at 23 cents, beating the Zacks Consensus Estimate by 2 cents. Over the past 30 days, the Zacks Consensus Estimates for 2015 rose 3.1% to $1.00 per share, while it remained stable at $1.31 per share for 2016. | Over the past 30 days, the Zacks Consensus Estimates for 2015 rose 3.1% to $1.00 per share, while it remained stable at $1.31 per share for 2016. Earnings per share attributable to common shareholders came in at 23 cents, beating the Zacks Consensus Estimate by 2 cents. Other investment management firms worth considering include Brookfield Asset Management Inc. BAM , Silvercrest Asset Management Group Inc. SAMG and AllianceBernstein Holding L.P. AB . |
21824.0 | 2015-05-06 00:00:00 UTC | Allianceberstein Holding L.P. (AB) Ex-Dividend Date Scheduled for May 07, 2015 | AB | https://www.nasdaq.com/articles/allianceberstein-holding-lp-ab-ex-dividend-date-scheduled-may-07-2015-2015-05-06 | nan | nan | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 07, 2015. A cash dividend payment of $0.45 per share is scheduled to be paid on May 21, 2015. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -21.05% decrease from the prior quarter. At the current stock price of $31.8, the dividend yield is 5.66%.
The previous trading day's last sale of AB was $31.8, representing a -2.87% decrease from the 52 week high of $32.74 and a 41.96% increase over the 52 week low of $22.40.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). AB's current earnings per share, an indicator of a company's profitability, is $1.93. Zacks Investment Research reports AB's forecasted earnings growth in 2015 as 12.9%, compared to an industry average of 4.9%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). Zacks Investment Research reports AB's forecasted earnings growth in 2015 as 12.9%, compared to an industry average of 4.9%. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | AB's current earnings per share, an indicator of a company's profitability, is $1.93. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 07, 2015. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $31.8, representing a -2.87% decrease from the 52 week high of $32.74 and a 41.96% increase over the 52 week low of $22.40. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AB's current earnings per share, an indicator of a company's profitability, is $1.93. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 07, 2015. |
21825.0 | 2015-04-29 00:00:00 UTC | Zacks Rank #1 Additions for Wednesday - Tale of the Tape | AB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-wednesday-tale-of-the-tape-2015-04-29 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
AllianceBernstein Holding LP ( AB )
American Equity Investment Life Holding ( AEL )
Arlington Asset Investment Corp ( AI )
B&G Foods, Inc. ( BGS )
BioMarin Pharmaceutical Inc. ( BMRN )
View the entire Zacks Rank #1 List .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Arlington Asset Investment Corp ( AI ) B&G Foods, Inc. ( BGS ) BioMarin Pharmaceutical Inc. ( BMRN ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BIOMARIN PHARMA (BMRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Arlington Asset Investment Corp ( AI ) B&G Foods, Inc. ( BGS ) BioMarin Pharmaceutical Inc. ( BMRN ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BIOMARIN PHARMA (BMRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Arlington Asset Investment Corp ( AI ) B&G Foods, Inc. ( BGS ) BioMarin Pharmaceutical Inc. ( BMRN ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BIOMARIN PHARMA (BMRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Arlington Asset Investment Corp ( AI ) B&G Foods, Inc. ( BGS ) BioMarin Pharmaceutical Inc. ( BMRN ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BIOMARIN PHARMA (BMRN): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. |
21826.0 | 2015-04-29 00:00:00 UTC | Will Ameriprise Benefit from JHS Advisors Acquisition Deal? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-ameriprise-benefit-from-jhs-advisors-acquisition-deal-analyst-blog-2015-04-29 | nan | nan | Shares of Ameriprise Financial, Inc.AMP rose marginally after the company announced a deal to acquire the retail assets of JHS Capital Advisors, a registered securities broker dealer and registered investment advisor, providing personalized client services for investors nationwide.
Ameriprise's first attempt to buy an advisory firm since 2009 is expected to be successfully completed in the third quarter of 2015. However, the terms and conditions of the agreement were not divulged.
Following the completion of the deal, the privately owned Tampa-based JHS advisors will likely join one of the existing channels at Ameriprise. With a group of 150 financial advisors, JHS advisors earned revenues of over $38 million in 2014. Also, the firm owned retail assets worth $4.1 billion as of Dec 31, 2014.
Though JHS advisors suffered losses for four consecutive years starting from 2010, Ameriprise seems confident regarding JHS advisors' future growth potential under its brand name and expertise. Similar to Ameriprise, JHS advisors operates both employee and independent advisor channels.
JHS advisors will benefit from Ameriprise's larger network of around 10,000 advisers and over $800 billion in assets under management. Moreover, Ameriprise's strong product platform, marketing support, service capabilities and technology solutions will assist JHS advisors' provide improved services to clients.
Further, the company's advisors team will get substantial career growth opportunities and expanded means to enhance the client experience. On the other hand, acquiring JHS advisors will result in growth of Ameriprise's advice and wealth management.
Currently, Ameriprise carries a Zacks Rank #3 (Hold). Some better-ranked investment management firms include AllianceBernstein Holding L.P. AB , Brookfield Asset Management Inc. BAM and Silvercrest Asset Management Group Inc. SAMG . All these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, Ameriprise's strong product platform, marketing support, service capabilities and technology solutions will assist JHS advisors' provide improved services to clients. Some better-ranked investment management firms include AllianceBernstein Holding L.P. AB , Brookfield Asset Management Inc. BAM and Silvercrest Asset Management Group Inc. SAMG . Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. | Some better-ranked investment management firms include AllianceBernstein Holding L.P. AB , Brookfield Asset Management Inc. BAM and Silvercrest Asset Management Group Inc. SAMG . Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Ameriprise's strong product platform, marketing support, service capabilities and technology solutions will assist JHS advisors' provide improved services to clients. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Ameriprise's strong product platform, marketing support, service capabilities and technology solutions will assist JHS advisors' provide improved services to clients. Some better-ranked investment management firms include AllianceBernstein Holding L.P. AB , Brookfield Asset Management Inc. BAM and Silvercrest Asset Management Group Inc. SAMG . | Moreover, Ameriprise's strong product platform, marketing support, service capabilities and technology solutions will assist JHS advisors' provide improved services to clients. Some better-ranked investment management firms include AllianceBernstein Holding L.P. AB , Brookfield Asset Management Inc. BAM and Silvercrest Asset Management Group Inc. SAMG . Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report SILVERCREST AM (SAMG): Free Stock Analysis Report To read this article on Zacks.com click here. |
21827.0 | 2015-04-21 00:00:00 UTC | Will Nasdaq (NDAQ) Surprise Earnings Estimates in Q1? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-nasdaq-ndaq-surprise-earnings-estimates-in-q1-analyst-blog-2015-04-21 | nan | nan | The Nasdaq OMX Group, Inc.NDAQ is set to report first-quarter 2015 results on Apr 23. Last quarter, it posted a positive earnings surprise of 1.35%. Let's see how things are shaping up for this announcement.
Factors Influencing This Past Quarter
Nasdaq has been consistently expanding its technological offerings. In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. Moreover, in January, Nasdaq entered into a strategic alliance with Japan Exchange Group to offer its valued support services for derivative trading to JPX's operating subsidiary - Osaka Exchange. These initiatives not only expanded the company's global footprint but also enhanced its business prospects, which should reflect positively on its earnings.
However, Nasdaq's trading volumes witnessed fluctuations in the last four quarters. While volumes for equities declined in the U.S., it improved in Europe in Mar 2015. Fixed income volumes improved in the U.S. and decreased in Europe in Mar 2015. Average rate per contract also remained weak. These factors are expected to weigh upon the top line in the first quarter and hence on the earnings.
Earnings Whispers
Our proven model does not conclusively show that Nasdaq is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Nasdaq has an ESP of 0.00%. That is because both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 77 cents.
Zacks Rank: Nasdaq has a Zacks Rank #3 (Hold) which increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Rank #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy).
AerCap Holdings N.V. AER has an Earnings ESP of +0.79% and a Zacks Rank #2 (Buy).
American Assets Trust, Inc. AAT has an Earnings ESP of +2.44% and a Zacks Rank #3.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. Stocks to Consider Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks to Consider Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. | Stocks to Consider Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. | In March, the company entered the Noble Markets by offering X-Stream trading technology thereby enabling its customers to buy and sell cryptocurrencies and other digital assets. Stocks to Consider Here are some companies from the broader finance industry you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: AllianceBernstein Holding L.P. AB has an Earnings ESP of +11.76% and a Zacks Rank #1 (Strong Buy). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER ASSETS TR (AAT): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. |
21828.0 | 2015-04-17 00:00:00 UTC | Zacks Rank #1 Additions for Friday - Tale of the Tape | AB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-friday-tale-of-the-tape-2015-04-17 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
AllianceBernstein Holding LP ( AB )
American Equity Investment Life Holding ( AEL )
Axis Capital Holdings Limited ( AXS )
Bazaarvoice Inc ( BV )
Companhia Brasileira de Distribuicao ( CBD )
View the entire Zacks Rank #1 List .
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ALLIANCEBERNSTN (AB): Free Stock Analysis Report
AMER EQUITY INV (AEL): Free Stock Analysis Report
AXIS CAP HLDGS (AXS): Free Stock Analysis Report
BAZAARVOICE INC (BV): Free Stock Analysis Report
COMPANHIA BRASL (CBD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Axis Capital Holdings Limited ( AXS ) Bazaarvoice Inc ( BV ) Companhia Brasileira de Distribuicao ( CBD ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AXIS CAP HLDGS (AXS): Free Stock Analysis Report BAZAARVOICE INC (BV): Free Stock Analysis Report COMPANHIA BRASL (CBD): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Axis Capital Holdings Limited ( AXS ) Bazaarvoice Inc ( BV ) Companhia Brasileira de Distribuicao ( CBD ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AXIS CAP HLDGS (AXS): Free Stock Analysis Report BAZAARVOICE INC (BV): Free Stock Analysis Report COMPANHIA BRASL (CBD): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Axis Capital Holdings Limited ( AXS ) Bazaarvoice Inc ( BV ) Companhia Brasileira de Distribuicao ( CBD ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AXIS CAP HLDGS (AXS): Free Stock Analysis Report BAZAARVOICE INC (BV): Free Stock Analysis Report COMPANHIA BRASL (CBD): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Axis Capital Holdings Limited ( AXS ) Bazaarvoice Inc ( BV ) Companhia Brasileira de Distribuicao ( CBD ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AXIS CAP HLDGS (AXS): Free Stock Analysis Report BAZAARVOICE INC (BV): Free Stock Analysis Report COMPANHIA BRASL (CBD): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21829.0 | 2015-04-15 00:00:00 UTC | Zacks Rank #1 Additions for Wednesday - Tale of the Tape | AB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-wednesday-tale-of-the-tape-2015-04-15 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Acadia Healthcare Company Inc ( ACHC )
Advanced Micro Devices, Inc. ( AMD )
AllianceBernstein Holding LP ( AB )
American Equity Investment Life Holding ( AEL )
Ameresco Inc ( AMRC )
View the entire Zacks Rank #1 List .
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ACADIA HEALTHCR (ACHC): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
AMER EQUITY INV (AEL): Free Stock Analysis Report
AMERESCO INC-A (AMRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Acadia Healthcare Company Inc ( ACHC ) Advanced Micro Devices, Inc. ( AMD ) AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Ameresco Inc ( AMRC ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Acadia Healthcare Company Inc ( ACHC ) Advanced Micro Devices, Inc. ( AMD ) AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Ameresco Inc ( AMRC ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Acadia Healthcare Company Inc ( ACHC ) Advanced Micro Devices, Inc. ( AMD ) AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Ameresco Inc ( AMRC ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Acadia Healthcare Company Inc ( ACHC ) Advanced Micro Devices, Inc. ( AMD ) AllianceBernstein Holding LP ( AB ) American Equity Investment Life Holding ( AEL ) Ameresco Inc ( AMRC ) View the entire Zacks Rank #1 List . Click to get this free report ACADIA HEALTHCR (ACHC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
21830.0 | 2015-04-15 00:00:00 UTC | Northstar Asset Management Group (NSAM) in Focus: Stock Jumps 5.4% - Tale of the Tape | AB | https://www.nasdaq.com/articles/northstar-asset-management-group-nsam-focus-stock-jumps-54-tale-tape-2015-04-15 | nan | nan | Northstar Asset Management Group Inc. ( NSAM ) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 7.50% in the past one-month time frame.
None of the estimates for this investment management stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Northstar Asset Management currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Another favorably-placed stock in the same industry is AllianceBernstein Holding L.P. ( AB ), sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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NORTHSTAR ASSET (NSAM): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another favorably-placed stock in the same industry is AllianceBernstein Holding L.P. ( AB ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report NORTHSTAR ASSET (NSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Northstar Asset Management Group Inc. ( NSAM ) was a big mover last session, as the company saw its shares rise over 5% on the day. | Click to get this free report NORTHSTAR ASSET (NSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Another favorably-placed stock in the same industry is AllianceBernstein Holding L.P. ( AB ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Click to get this free report NORTHSTAR ASSET (NSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Another favorably-placed stock in the same industry is AllianceBernstein Holding L.P. ( AB ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Another favorably-placed stock in the same industry is AllianceBernstein Holding L.P. ( AB ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report NORTHSTAR ASSET (NSAM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Northstar Asset Management Group Inc. ( NSAM ) was a big mover last session, as the company saw its shares rise over 5% on the day. |
21831.0 | 2015-04-14 00:00:00 UTC | CME Group Downgraded to Hold on Trading Volume Decline - Analyst Blog | AB | https://www.nasdaq.com/articles/cme-group-downgraded-to-hold-on-trading-volume-decline-analyst-blog-2015-04-14 | nan | nan | On Apr 11, Zacks Investment Research downgraded CME Group Inc.CME to a Zacks Rank #3 (Hold).
Why the Downgrade?
CME Group witnessed a rank downgrade due to a decline in trading volume for the month of March, which was reported on Apr 2.
The trading average volume in March declined 3% year over year to 13.7 million contracts per day. This decline stemmed from a 26% fall in interest rate futures volume in the same month. Additionally, a 6% fall in the Eurodollar futures along with a 20% decline in the Treasury futures volume and a 23% decline in total energy and crude oil volumes led to the overall decline.
The Zacks Consensus Estimate for the quarter ending Mar 2015 decreased 1.04% to 95 cents per share as 5 out of 10 estimates moved south in the last 30 days.
Being a securities exchange, trading volume is a major source of revenue for CME Group. Although the company has diversified its product portfolio, it is still immensely dependent on trading volumes from two product lines (IRS and equity) for a significant portion of its clearing and transaction fee revenues, which constitute a major portion of net revenue.
Additionally, the company has been increasing its debt level. On Mar 6, CME Group announced the pricing of senior unsecured notes worth $750 million under its existing shelf registration statement. The long-term notes carry an interest rate of 3.00% and are slated to mature in 2025. Management intends to use the net proceeds to redeem, buy back or retire all 4.40% senior notes worth $612.5 million before maturity. The remaining amount will be used for general corporate purposes.
As of Dec 31, 2014, the company had a total debt of $2.1 billion deteriorating marginally by 0.03%. However, with the new issuance, the debt level is expected to increase along with debt capital ratio, thereby affecting the leverage ratio.
Stocks to Consider
Better-ranked players from the same sector include MarketAxess Holdings Inc. MKTX , AllianceBernstein Holding L.P. AB and AeroCentury Corp. ACY . All these stocks sport a Zacks Rank #1 (Strong Buy).
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CME GROUP INC (CME): Free Stock Analysis Report
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
AEROCENTURY CP (ACY): Free Stock Analysis Report
MARKETAXESS HLD (MKTX): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Better-ranked players from the same sector include MarketAxess Holdings Inc. MKTX , AllianceBernstein Holding L.P. AB and AeroCentury Corp. ACY . Click to get this free report CME GROUP INC (CME): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MARKETAXESS HLD (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. CME Group witnessed a rank downgrade due to a decline in trading volume for the month of March, which was reported on Apr 2. | Click to get this free report CME GROUP INC (CME): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MARKETAXESS HLD (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked players from the same sector include MarketAxess Holdings Inc. MKTX , AllianceBernstein Holding L.P. AB and AeroCentury Corp. ACY . On Apr 11, Zacks Investment Research downgraded CME Group Inc.CME to a Zacks Rank #3 (Hold). | Click to get this free report CME GROUP INC (CME): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MARKETAXESS HLD (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked players from the same sector include MarketAxess Holdings Inc. MKTX , AllianceBernstein Holding L.P. AB and AeroCentury Corp. ACY . CME Group witnessed a rank downgrade due to a decline in trading volume for the month of March, which was reported on Apr 2. | Stocks to Consider Better-ranked players from the same sector include MarketAxess Holdings Inc. MKTX , AllianceBernstein Holding L.P. AB and AeroCentury Corp. ACY . Click to get this free report CME GROUP INC (CME): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AEROCENTURY CP (ACY): Free Stock Analysis Report MARKETAXESS HLD (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 11, Zacks Investment Research downgraded CME Group Inc.CME to a Zacks Rank #3 (Hold). |
21832.0 | 2015-04-09 00:00:00 UTC | AllianceBernstein , Royal Gold, Pretium Resources, Asanko Gold, Mitsubishi UFJ Financial Group and Kyocera highlighted as Zacks Bull and Bear of the Day - Press Releases | AB | https://www.nasdaq.com/articles/alliancebernstein-royal-gold-pretium-resources-asanko-gold-mitsubishi-ufj-financial-group | nan | nan | Chicago, IL - April 09, 2015- Zacks Equity Research highlights AllianceBernstein ( AB - Free Report ) as the Bull of the Day and Royal Gold (RGLD-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Pretium Resources (PVG-Free Report), Asanko Gold (AKG-Free Report), Mitsubishi UFJ Financial Group, Inc. ( MTU - Free Report ) and Kyocera Corp. ( KYO - Free Report ).
Here is a synopsis of all six stocks:
Bull of the Day :
It doesn't take a rocket scientist to figure out that the stock market has been on fire the last few years. After hitting a devilish low of 666 on March 9, 2009, the S&P 500 has more than tripled off the lows. For the longest time the individual investor still sat on the sidelines, reluctant to put their hard earned money back in a risk position. Rather, the majority of investors slowly crept back into the market, very cautiously.
As asset prices have risen, so have the profits for the investment management firms and mutual fund companies. Mutual funds were particularly appealing for individual investors looking to spread their risk around several stocks in the market versus just banking on one. Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB - Free Report ).
AllianceBernstein provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors. Their investment services encompass equities, fixed income, multi-asset and alternatives. AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. Total client assets under management are estimated to be approximately $474 billion.
The business must be good for AB as analysts around the street are upping their earnings estimates for the company. Over the last 60 days, four analysts have revised their numbers to the upside while two have followed suit for next year. The bullish revisions have taken consensus up from $1.97 for the current year all the way to $2.06. The same attitude has pushed consensus for next year up from $2.24 to $2.27.
That's part of the reason for the Zacks Rank #1 (Strong Buy). The other part is the recent earnings surprises. Over the last three quarters, AllianceBernstein has surprised two of the last three quarters. The move impressive of which was last quarter's 6 cent beat with the number coming in at 57 cents per share versus the 51 cent Zacks Consensus Estimate.
The bullish sentiment and the recent surprises have spelled some great price momentum as of late. AB was trading at a relative low down near $16.50 in the beginning of July 2013. A fierce rally throughout the start of 2014 took the stock up to resistance near $27. The stock failed at that level six times before finally getting the bids to push through in February 2015. The latest run in the stock has it pushing near fresh 52-week highs here at $30.83.
The technical aspects of the chart remain very bullish even as the stock pauses near the highs. The 21 day moving average is sitting down at $30 and providing short term support as well as confirming the bullish trend. The commodity channel index has come down from extreme oversold territory but is still confirming the positive trend at 56.19. Should the CCI break down below the zero line is could spell some short term weakness in the stock. Support would be down at $27.50.
Bear of the Day :
One of the worst parts about the "Boom-Bust" cycle isn't the part where the last guys holding the back get beat up. To me, it's the people that are still talking about those glory days like Al Bundy and his five touchdowns in a single game. I'm not going to lie, I'm guilty of that too. Not just the Al Bundy thing but looking at a stock or a commodity that had been trading much higher in the past and telling myself that I'm getting in on the ground floor before it rallies again. "Now it's going to come back, you just watch."
During this major dollar bull market we've seen some rough times for gold. Gold was the talk of the town just a few short years ago when investors were rushing into the base metal on an "uncertainly" trade. Using gold as an inflationary hedge and a way to bet against all the fiat currency central bank money printing. While the theory makes sense, the fact is that the market has not been playing along. And in the meantime, while waiting for markets to become rational you may become insolvent. In other words, the timing just isn't right.
That's the way I feel right now about today's Bear of the Day, Royal Gold (RGLD-Free Report). Royal Gold is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interest to other mining companies. That's a fancy way of saying they are a gold mining company.
While gold has made a little bit of a comeback as dollar strength has relented, that hasn't translated to earnings estimate revisions to the upside for the stock. On the contrary, several analysts have come out and dropped their estimates to the downside over the last 60 days. In fact, four analysts have dropped their numbers for the current year while five have revised lower for next year.
The bearish analyst behavior has had a negative effect on our Zacks Consensus estimates. Current year consensus has dropped from $1.31 all the way down to $1.16 while consensus for the next year has dropped from $1.61 to $1.51.
The recent bearish attitude has led to a rough 2015 so far for the stock. After spiking from below $62 to nearly $78 to start the year, RGLD has continually sold off since then. The YTD low sits below $58, over $5 away from the current price. Bearish on the technical side you have the stock trading below the 21 day moving average as well as a Commodity Channel Index that reversed at the zero line and now stays firmly below it at -7.78.
There are a few other mining companies that are put in a better light using the Zacks Rank. Among these are Zacks Rank #1 (Strong Buy) Pretium Resources (PVG-Free Report) and Zacks Rank #2 (Buy) Asanko Gold (AKG-Free Report).
Additional content:
Japan Stocks Hit Record High: 2 Stock Picks
The Nikkei 225 hit a 15-year high on Wednesday even as the Bank of Japan left its monetary policy unchanged. Ignoring the lone voice of dissent, a majority of the central bank's policy board voted to keep asset purchases at their current level. Meanwhile, opinion is divided as to whether stimulus should be wound down or increased over the coming months.
Destabilizing Financial Markets
Some central bank officials believe that the current program of monetary stimulus may have some undesirable consequences for financial markets. In particular, it could harm bond markets and lead to potential bubbles, which could potentially be harmful over the longer term.
Monetary stimulus has boosted stocks to record highs and pushed the yen lower. Both these effects have proved beneficial to the economy in the short term. However, the BoJ's measure of inflation declined to zero in February. This has led to fears that financial market distortions may arise even before the inflation target is achieved.
Risks of Delaying Additional Stimulus
On the other side of the debate are calls for further additional stimulus. Some market watchers believe that equity market gains have been the only perceptible positives for the economy. Excluding this stock surge, there is little Prime Minister Shinzo Abe can show as tangible results of his stimulus measures.
Some of the original proponents of Abenomics believe that the central bank should not delay additional stimulus for too long. They point to weak consumer spending and the reluctance of large manufacturers to increase investment. This could soon lead to deflationary tendencies, they believe.
Kuroda Resilient
The central bank's governor Haruhiko Kuroda dismissed the proposal to reduce the size of monetary stimulus. Speaking at a news conference, he said that since price stability had not been achieved, such reductions were unlikely at this time.
At the same time, Kuroda said he believes that monetary easing has been effective. Emphasizing the reduction in the gap between supply and demand, he also spoke about the increase in nominal wages and improving inflation expectations. He also said that once the oil price situation stabilizes, Japan will achieve its inflation target. Further, he denied that a stock market bubble was building up, attributing such gains to strong earnings.
Despite calls for further monetary easing, Kuroda denied that further action in this direction was on the anvil. He believed that last October's concerns had been addressed. This was when stimulus was increased over deflationary concerns, following the slump in oil prices .
Our Choices
Despite some element of risk, Japanese markets continue to make steady gains. Below we present three stocks which will gain from these trends, each of which also has a good Zacks Rank.
Mitsubishi UFJ Financial Group, Inc. ( MTU - Free Report ) is the world's largest bank-holding company with ¥279.2 trillion in total assets as of Dec 31, 2014. The company trades on the Tokyo, Osaka, New York, and Nagoya stock exchanges.
Mitsubishi UFJ Financial holds a Zacks Rank #2 (Buy). The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 10.11. The consensus estimate for the current year has increased from 61 cents to 69 cents over the last 60 days.
Kyocera Corp. ( KYO - Free Report ) is a manufacturer and distributor of industrial components as well as telecom and IT equipment across the world.
Apart from a Zacks Rank #1 (Strong Buy), Kyocera has a P/E (F1) of 23.40x. The consensus estimate for the current year has increased from $2.06 to $2.22 over the last 60 days.
The central bank governor's confidence in current policy measures may yet bear fruit. At the same time, further stimulus over the next few months cannot be ruled out. This is why these stocks would make for a prudent choice.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Chicago, IL - April 09, 2015- Zacks Equity Research highlights AllianceBernstein ( AB - Free Report ) as the Bull of the Day and Royal Gold (RGLD-Free Report) as the Bear of the Day. Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB - Free Report ). | Chicago, IL - April 09, 2015- Zacks Equity Research highlights AllianceBernstein ( AB - Free Report ) as the Bull of the Day and Royal Gold (RGLD-Free Report) as the Bear of the Day. Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB - Free Report ). | Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter: About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. Click to get this free report ALLIANCEBERNSTN (AB): Get Free Report ROYAL GOLD INC (RGLD): Get Free Report PRETIUM RES INC (PVG): Get Free Report ASANKO GOLD INC (AKG): Get Free Report MITSUBISHI-UFJ (MTU): Free Stock Analysis Report KYOCERA CP ADR (KYO): Get Free Report To read this article on Zacks.com click here. Chicago, IL - April 09, 2015- Zacks Equity Research highlights AllianceBernstein ( AB - Free Report ) as the Bull of the Day and Royal Gold (RGLD-Free Report) as the Bear of the Day. | It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB - Free Report ). Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter: About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. Chicago, IL - April 09, 2015- Zacks Equity Research highlights AllianceBernstein ( AB - Free Report ) as the Bull of the Day and Royal Gold (RGLD-Free Report) as the Bear of the Day. |
21833.0 | 2015-04-09 00:00:00 UTC | Bull of the Day: AllianceBernstein (AB) - Bull of the Day | AB | https://www.nasdaq.com/articles/bull-day-alliancebernstein-ab-bull-day-2015-04-09 | nan | nan | It doesn't take a rocket scientist to figure out that the stock market has been on fire the last few years. After hitting a devilish low of 666 on March 9, 2009, the S&P 500 has more than tripled off the lows. For the longest time the individual investor still sat on the sidelines, reluctant to put their hard earned money back in a risk position. Rather, the majority of investors slowly crept back into the market, very cautiously.
As asset prices have risen, so have the profits for the investment management firms and mutual fund companies. Mutual funds were particularly appealing for individual investors looking to spread their risk around several stocks in the market versus just banking on one. Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB ).
AllianceBernstein provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors. Their investment services encompass equities, fixed income, multi-asset and alternatives. AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. Total client assets under management are estimated to be approximately $474 billion.
The business must be good for AB as analysts around the street are upping their earnings estimates for the company. Over the last 60 days, four analysts have revised their numbers to the upside while two have followed suit for next year. The bullish revisions have taken consensus up from $1.97 for the current year all the way to $2.06. The same attitude has pushed consensus for next year up from $2.24 to $2.27.
That's part of the reason for the Zacks Rank #1 (Strong Buy). The other part is the recent earnings surprises. Over the last three quarters, AllianceBernstein has surprised two of the last three quarters. The move impressive of which was last quarter's 6 cent beat with the number coming in at 57 cents per share versus the 51 cent Zacks Consensus Estimate.
The bullish sentiment and the recent surprises have spelled some great price momentum as of late. AB was trading at a relative low down near $16.50 in the beginning of July 2013. A fierce rally throughout the start of 2014 took the stock up to resistance near $27. The stock failed at that level six times before finally getting the bids to push through in February 2015. The latest run in the stock has it pushing near fresh 52-week highs here at $30.83.
The technical aspects of the chart remain very bullish even as the stock pauses near the highs. The 21 day moving average is sitting down at $30 and providing short term support as well as confirming the bullish trend. The commodity channel index has come down from extreme oversold territory but is still confirming the positive trend at 56.19. Should the CCI break down below the zero line is could spell some short term weakness in the stock. Support would be down at $27.50.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB ). AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. | It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB ). AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. Well one of these very company's stocks is one you should feel good about throwing some money at. | Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB ). AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. | Well one of these very company's stocks is one you should feel good about throwing some money at. It's our Bull of the Day, Zacks Rank #1 (Strong Buy) AllianceBernstein ( AB ). AB also provides independentinvestment research trading, and brokerage-related services to institutional clients through Bernstein Research Services. |
21834.0 | 2015-04-02 00:00:00 UTC | Why This Multi-Billion Dollar Fund is Betting Big on Microsoft Corporation Stock | AB | https://www.nasdaq.com/articles/why-multi-billion-dollar-fund-betting-big-microsoft-corporation-stock-2015-04-02 | nan | nan | It hasn't been a great year for Microsoft shareholders. Concerns surrounding 13% declines in both Windows OEM Pro and Windows OEM non-Pro revenues last quarter are largely to blame for Microsoft's 12% year-to-date stock price decline. As is often the case when a stock falls out of favor, Microsoft's languishing share price also affords investors a potential opportunity, however, including the heavy hitters.
One such fund manager, AllianceBernstein (AB), seems to like what it sees regarding Microsoft's future. In last quarter's 13F filing period -- an SEC-required document detailing a money manager's investment portfolio -- AB bet big on Microsoft, making the software king one of its top five holdings. Why would a multi-billion dollar fund manager increase its stake in Microsoft by 13% when it's out of favor? The good news for investors is that there are several reasons.
Right on track
AB added nearly 4.3 million Microsoft shares in Q4, bringing its total to approximately 37.2 million. Microsoft now makes up 1.43% of AB's portfolio, and is valued at slightly over $1.5 billion as of this writing. For an investment manager of AB's size, 37 million shares isn't necessarily going all in, but it clearly sees something in Microsoft CEO Satya Nadella's plans for the future.
Nadella's vision for Microsoft's future is all about his mobile-first, cloud-first transition. Even as investors and analysts continue to focus on Microsoft's legacy business in PC software, Nadella is looking to lead the cloud race, and his efforts are clearly paying off.
Last quarter -- Microsoft's fiscal 2015 Q2 -- cloud revenue jumped triple digits for the sixth straight reporting period, and is now tracking at $5.5 billion annually. Is that leading the cloud race? Most industry pundits point to Amazon.com 's Web Services (AWS) unit as top dog in the cloud revenue race, and it appears we're finally going to learn if that's true.
Amazon.com (finally) intends to disclose cloud-related sales for the first time when it announces Q1 earnings on April 22. Even if Microsoft's $5.5 billion and triple-digit growth in cloud sales haven't unseated AWS, it's likely only a matter of time. Why? Because what Nadella recognizes -- and billion dollar fund managers acknowledge as well, it seems -- is that winning in the cloud is about offering Software-as-a-Service (SaaS) rather than simply hosting. And when it comes SaaS, Microsoft's Office 365 and related offerings, delivered via its Azure cloud platform, are unparalleled.
A different kind of mobile
On the mobile front, Microsoft naysayers point to its lagging Windows Phone OS market share and meager smartphone unit sales as signs it will never be in the same league as industry-leading Apple . To be sure, matching the record-breaking 74.5 million iPhones Apple sold last quarter isn't going to happen anytime soon. To put Apple's iPhone sales into perspective, Microsoft moved 10.5 million Lumia smartphones in its last quarter.
But there's more to Microsoft's mobile strategy than selling entry-level smartphones to emerging markets. For Nadella, mobile-first is about getting Microsoft's solutions into as many mobile units as possible, regardless of OS. And that's exactly what Microsoft is doing. The recent announcement introducing Office 365 with mobile device management (MDM) capabilities across Windows Phone, iOS, and Android phones and tablets is just the latest example of Nadella's mobile strategy.
Bigger plans for Azure
Until recently, Microsoft's Azure platform was mentioned when discussing its cloud solutions, and that's still the case. But as of a couple of weeks ago at Microsoft's Convergence 2015 gathering, Azure and several related services will also be the basis for a significant push into the Internet of Things (IoT).
Microsoft has been testing Azure as a means of collecting and managing "machine-generated data from sensors and devices" for a year, and Nadella is ready to take the training wheels off. Going all in on IoT utilizing Azure is a natural step, and it shouldn't take long for Microsoft to ramp-up, just as it did in the cloud.
Once investors move beyond "Microsoft the PC software provider" and direct their attention to its results in cloud, mobile, and now IoT -- as money managers like AB and others seem to have done -- Microsoft's stock will finally get the jump-start shareholders have been waiting for. And one of the industry's highest dividend yields of 3% should make the wait a little easier to tolerate.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In last quarter's 13F filing period -- an SEC-required document detailing a money manager's investment portfolio -- AB bet big on Microsoft, making the software king one of its top five holdings. For an investment manager of AB's size, 37 million shares isn't necessarily going all in, but it clearly sees something in Microsoft CEO Satya Nadella's plans for the future. One such fund manager, AllianceBernstein (AB), seems to like what it sees regarding Microsoft's future. | In last quarter's 13F filing period -- an SEC-required document detailing a money manager's investment portfolio -- AB bet big on Microsoft, making the software king one of its top five holdings. One such fund manager, AllianceBernstein (AB), seems to like what it sees regarding Microsoft's future. Right on track AB added nearly 4.3 million Microsoft shares in Q4, bringing its total to approximately 37.2 million. | For an investment manager of AB's size, 37 million shares isn't necessarily going all in, but it clearly sees something in Microsoft CEO Satya Nadella's plans for the future. Once investors move beyond "Microsoft the PC software provider" and direct their attention to its results in cloud, mobile, and now IoT -- as money managers like AB and others seem to have done -- Microsoft's stock will finally get the jump-start shareholders have been waiting for. One such fund manager, AllianceBernstein (AB), seems to like what it sees regarding Microsoft's future. | One such fund manager, AllianceBernstein (AB), seems to like what it sees regarding Microsoft's future. In last quarter's 13F filing period -- an SEC-required document detailing a money manager's investment portfolio -- AB bet big on Microsoft, making the software king one of its top five holdings. Right on track AB added nearly 4.3 million Microsoft shares in Q4, bringing its total to approximately 37.2 million. |
21835.0 | 2015-03-27 00:00:00 UTC | Ameriprise Resolves 401(k) Suit, to Pay $27.5 Million - Analyst Blog | AB | https://www.nasdaq.com/articles/ameriprise-resolves-401k-suit-to-pay-%2427.5-million-analyst-blog-2015-03-27 | nan | nan | As per a court document issued yesterday, Ameriprise Financial, Inc.AMP will shell out $27.5 million to settle a 2011 lawsuit claiming breach of fiduciary duty in the company's 401(k) plan. A 401(k) plan is a retirement savings plan sponsored by a company for its workers.
About the Lawsuit
In Sep 2011, a class-action suit was filed against Ameriprise in the U.S. District Court of Minnesota by a group of its current and former employees, who were participants in the company's 401(k) plan.
The plaintiffs accused the company of deliberately investing millions of dollars in the financial instruments handled by its own subsidiary RiverSource Investments LLC (now known as Columbia Management Investment Advisors) and plan trustee Ameriprise Trust Co. These actions violated the company's fiduciary obligations as the plan sponsor.
The financial investments offered by Ameriprise included expensive proprietary mutual funds relative to other non-proprietary options available. The suit alleged that Ameriprise risked the plan returns for personal gains as these costly funds rewarded higher fees. While the company earned substantial fees, the plan participants lost money as the plan investments performed poorly.
However, Ameriprise denied the charges, stating that it administered the plan in the best interests of participants and also offered the most suitable broad investment options and features.
Final Settlement
Ameriprise and the plaintiffs agreed upon a settlement amount of $27.5 million before the court trial, which was slated to take place on Apr 13. A joint motion of approval for the settlement was filed in the court. The settlement would cover around 24,000 employees.
Moreover, Ameriprise will carry out a bidding process for recordkeeping services and investment consulting services as part of the settlement. Also, the company will pay flat fee or fee on per-head basis to the record keeper. Further, adequate disclosures about plan fees would be provided to the participants. The company will utilize collective investment trusts and separately managed accounts along with looking for the low cost investment alternatives.
Notably, the settlement document stated that Ameriprise's 401(k) plan's fiduciary committee for investment selection will not include any executive of Columbia Management Investment Advisors or its investment management affiliates.
Currently, Ameriprise carries a Zacks Rank #2 (Buy). Other well-ranked investment managers include AllianceBernstein Holding L.P. AB , The Blackstone Group L.P. BX and Janus Capital Group, Inc. JNS . All these stocks hold the same Zacks rank as Ameriprise.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | About the Lawsuit In Sep 2011, a class-action suit was filed against Ameriprise in the U.S. District Court of Minnesota by a group of its current and former employees, who were participants in the company's 401(k) plan. However, Ameriprise denied the charges, stating that it administered the plan in the best interests of participants and also offered the most suitable broad investment options and features. The financial investments offered by Ameriprise included expensive proprietary mutual funds relative to other non-proprietary options available. | Notably, the settlement document stated that Ameriprise's 401(k) plan's fiduciary committee for investment selection will not include any executive of Columbia Management Investment Advisors or its investment management affiliates. Other well-ranked investment managers include AllianceBernstein Holding L.P. AB , The Blackstone Group L.P. BX and Janus Capital Group, Inc. JNS . Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. | Notably, the settlement document stated that Ameriprise's 401(k) plan's fiduciary committee for investment selection will not include any executive of Columbia Management Investment Advisors or its investment management affiliates. Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. About the Lawsuit In Sep 2011, a class-action suit was filed against Ameriprise in the U.S. District Court of Minnesota by a group of its current and former employees, who were participants in the company's 401(k) plan. | Notably, the settlement document stated that Ameriprise's 401(k) plan's fiduciary committee for investment selection will not include any executive of Columbia Management Investment Advisors or its investment management affiliates. About the Lawsuit In Sep 2011, a class-action suit was filed against Ameriprise in the U.S. District Court of Minnesota by a group of its current and former employees, who were participants in the company's 401(k) plan. The financial investments offered by Ameriprise included expensive proprietary mutual funds relative to other non-proprietary options available. |
21836.0 | 2015-03-23 00:00:00 UTC | Does Ameriprise's Solid Growth Make It Attractive? - Analyst Blog | AB | https://www.nasdaq.com/articles/does-ameriprises-solid-growth-make-it-attractive-analyst-blog-2015-03-23 | nan | nan | On Mar 16, 2015, we issued an updated research report on Ameriprise Financial, Inc.AMP . Growth in assets under management (AUM) continued to be encouraging, whereas weak cost control remained an undermining factor.
Ameriprise, with a network of over 9,700 advisors, offers an extensive range of products and services to meet the objectives of individual and institutional clients. The leading global financial institution continues to invest for expanding its potential to maximize advisor productivity and client satisfaction. This has helped the company to enhance revenue generation, reflected in the 9.5% year-over-year increase in total net revenues in 2014.
Further, steady performance of the company's Advice & Wealth Management as well as Asset Management segment along with new products are expected to boost top-line growth going forward. Moreover, the 4% year-over-year growth in AUM continues to reflect the company's ability to leverage existing strengths to efficiently expand into new global and emerging markets.
Moreover, Ameriprise continues to attract investors' attention through its strong capital deployment activities and consistently strong performance. With a steady stock repurchase program in place, frequent hikes in dividend and recording of earnings beat in all the four quarters of 2014, the company's success in gaining market confidence was evident from the 8.2% rise in share price since the latest earning release.
On the flipside, mounting expenses continue to keep Ameriprise's profitability under pressure. The 5.3% rise in expenses in 2014 compared with the prior year emphasizes on the need for effective cost control efforts. Moreover, the expenses are expected to remain elevated in the near term given the company's focus on advertising campaign and technology upgrades.
Though Ameriprise has the potential to capitalize on available opportunities on the back of a healthy asset position and diversified product mix, net outflows in the Asset Management segment and escalating costs are bound to weigh on its financials.
This can also be observed in the Zacks Consensus Estimate for 2015 and 2016, which remained flat over the last 30 days.
Currently, Ameriprise carries a Zacks Rank #2 (Buy). Other investment management firms include AllianceBernstein Holding L.P. AB , The Blackstone Group L.P. BX and Lazard Ltd. LAZ . All these stocks sport the same Zacks Rank as Ameriprise.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, the 4% year-over-year growth in AUM continues to reflect the company's ability to leverage existing strengths to efficiently expand into new global and emerging markets. On the flipside, mounting expenses continue to keep Ameriprise's profitability under pressure. Though Ameriprise has the potential to capitalize on available opportunities on the back of a healthy asset position and diversified product mix, net outflows in the Asset Management segment and escalating costs are bound to weigh on its financials. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the 4% year-over-year growth in AUM continues to reflect the company's ability to leverage existing strengths to efficiently expand into new global and emerging markets. On the flipside, mounting expenses continue to keep Ameriprise's profitability under pressure. | Though Ameriprise has the potential to capitalize on available opportunities on the back of a healthy asset position and diversified product mix, net outflows in the Asset Management segment and escalating costs are bound to weigh on its financials. Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the 4% year-over-year growth in AUM continues to reflect the company's ability to leverage existing strengths to efficiently expand into new global and emerging markets. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the 4% year-over-year growth in AUM continues to reflect the company's ability to leverage existing strengths to efficiently expand into new global and emerging markets. On the flipside, mounting expenses continue to keep Ameriprise's profitability under pressure. |
21837.0 | 2015-03-19 00:00:00 UTC | Is Blackstone's Advisory Arm Spin-Off Headed in Right Way? - Analyst Blog | AB | https://www.nasdaq.com/articles/is-blackstones-advisory-arm-spin-off-headed-in-right-way-analyst-blog-2015-03-19 | nan | nan | The Blackstone Group L.P.BX , which is looking forward to capitalize on the consistent growth witnessed in the Financial Advisory business since several years through the segment's spin-off, may see a number of its senior managing directors exiting the firm. As reported by Reuters , several of the company's directors in the mergers and acquisitions (M&A) advisory unit may either leave or retire before the spin-off materializes.
Employees of Blackstone's M&A Unit
Of the 17 senior managing directors working in Blackstone's M&A unit, around 12 executives consisting of experienced investment bankers have not yet entered into any job contract to work with the new entity. However, PJT Partners anticipates nearly nine senior directors of Blackstone to join its M&A business.
Moreover, almost all of the 15 M&A bankers (below the senior level) at Blackstone are anticipated to work in PJT Partners after the spin-off. On the other head, several senior leaders are expected to continue working at Blackstone.
Spin-Off Flashback
In Oct 2014, Blackstone announced a deal to spin off its Financial Advisory segment. Per the agreement, the company's financial advisory services, restructuring and reorganization advisory services as well as Park Hill Group fund placement services for alternative investment funds will merge with an independent financial advisory firm PJT Partners.
The deal, which is expected to be closed in the second half of 2015, will result in the formation of a new company. This new entity will operate as a publicly traded independent company under the supervision of PJT Partners. After the spin off, 65% stake of the new company will be held by Blackstone's existing shareholders and the remaining interest will be jointly owned by the employees of Blackstone's advisory segment as well as PJT Partners.
Expected Activities
Though Blackstone will hold the majority stake in the new company, the expected mass departure of senior M&A executives indicates PJT Partners' dominance over the administrative front. However, in the restructuring and fund advisory areas, Blackstone's executives are likely to play an active role with several of the 22 Blackstone partners expected to start working in the new company.
Blackstone expects to benefit from the enhanced opportunities available in the broadening advisory area with more focus and efficiency achievable through the spin-off. However, several employees seem reluctant to join PJT Partners as the new firm expectedly will take some time to set the business. Moreover, expected closure of around 15 advisory offices by PJT Partners may have prompted some of these exits.
Nevertheless, Blackstone lengthened the vesting period for the stock granted to employees in an attempt to make it difficult for the workers to leave the firm. This will likely result in more workers joining PJT Partners after the spin-off takes place.
Currently, Blackstone holds a Zacks Rank #2 (Buy). Other similar-ranked investment banking firms include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and PennantPark Floating Rate Capit PFLT .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other similar-ranked investment banking firms include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and PennantPark Floating Rate Capit PFLT . Blackstone expects to benefit from the enhanced opportunities available in the broadening advisory area with more focus and efficiency achievable through the spin-off. Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report To read this article on Zacks.com click here. | Other similar-ranked investment banking firms include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and PennantPark Floating Rate Capit PFLT . Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report To read this article on Zacks.com click here. Blackstone expects to benefit from the enhanced opportunities available in the broadening advisory area with more focus and efficiency achievable through the spin-off. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report To read this article on Zacks.com click here. Blackstone expects to benefit from the enhanced opportunities available in the broadening advisory area with more focus and efficiency achievable through the spin-off. Other similar-ranked investment banking firms include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and PennantPark Floating Rate Capit PFLT . | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report To read this article on Zacks.com click here. Blackstone expects to benefit from the enhanced opportunities available in the broadening advisory area with more focus and efficiency achievable through the spin-off. Other similar-ranked investment banking firms include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and PennantPark Floating Rate Capit PFLT . |
21838.0 | 2015-03-16 00:00:00 UTC | Principal Financial Remains Well Poised for Long Term - Analyst Blog | AB | https://www.nasdaq.com/articles/principal-financial-remains-well-poised-for-long-term-analyst-blog-2015-03-16 | nan | nan | On Mar 12, 2015, we issued an updated research report on Principal Financial Group Inc . PFG .
An increased focus on fee-based business is helping the investment manager produce solid quarterly results and the last quarter was no exception. Operating net income of $1.09 per share in the fourth quarter beat the Zacks Consensus Estimate by about 5% and improved nearly 14% year over year. With respect to earnings, this Zacks Rank #3 (Hold) company recorded positive surprise in the last four quarters with an average beat of 9.81%. Over five years, the company has grown its earnings at a CAGR of 19%.
Deeper focus on fee-based revenue sources (expects 70% coming from it by 2018) have been helping the company earn steadily, besides limiting exposure to the interest rate environment.
Riding on this strength, the company also deployed $855 million in capital in 2014, more than 75% of its net income. Principal Financial targets $0.8-$1 billion in capital deployment in 2015. As such, its board of directors approved a 6% hike in quarterly dividend. The latest hike marks the seventh increase in three quarters and doubles the dividend in three years. Principal Financial dividend yield betters the industry average, making it an attractive pick for yield-seeking investors. In addition, the board also authorized the company to repurchase shares worth $150 million.
Principal Financial also travels the inorganic path to ramp up its growth profile. Its latest attempt to acquire AXA's Mandatory Provident Fund (MPF) and the Occupational Retirement Schemes Ordinance pension business in Hong Kong, as announced last November, is in line with this strategy. With this, the company will more than double the asset under management (AUM) of its Hong Kong pension business to over US $6 billion and will be ranked as the fifth largest MPF provider in that market. Since being hit by the financial crisis, it has made nine acquisitions, adding fee-based businesses and expanding its global footprint.
Moreover Principal Financial's AUM shows a steadily increasing trend driven by better results at three asset management and asset accumulation segments. AUM grew 7% in 2014 and crossed the $0.5 trillion mark driven by solid investment results and sturdy cash flows.
The investment results also witnessed improvement after being hurt for years due to the low interest rate environment. Investment yield also showed slight improvement. However, we prefer to wait and see its sustainability in the low interest rate environment.
Moreover, cash balance witnessed another year of decline, dropping 21% from year-end 2013.
Also, the company faces the risks of having operations in other countries.
Nonetheless, it is aligning itself to focus more on the strategic opportunities in the growing asset accumulation and asset management businesses.
Other Stocks to Consider
Better-ranked investment managers worth considering include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP , and Lazard Ltd. LAZ . All these carry a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Operating net income of $1.09 per share in the fourth quarter beat the Zacks Consensus Estimate by about 5% and improved nearly 14% year over year. However, we prefer to wait and see its sustainability in the low interest rate environment. Other Stocks to Consider Better-ranked investment managers worth considering include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP , and Lazard Ltd. LAZ . | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Operating net income of $1.09 per share in the fourth quarter beat the Zacks Consensus Estimate by about 5% and improved nearly 14% year over year. However, we prefer to wait and see its sustainability in the low interest rate environment. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Operating net income of $1.09 per share in the fourth quarter beat the Zacks Consensus Estimate by about 5% and improved nearly 14% year over year. However, we prefer to wait and see its sustainability in the low interest rate environment. | Operating net income of $1.09 per share in the fourth quarter beat the Zacks Consensus Estimate by about 5% and improved nearly 14% year over year. However, we prefer to wait and see its sustainability in the low interest rate environment. Other Stocks to Consider Better-ranked investment managers worth considering include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP , and Lazard Ltd. LAZ . |
21839.0 | 2015-03-16 00:00:00 UTC | Blackstone Buys Willis Tower for $1.3B: Will it be Accretive? - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstone-buys-willis-tower-for-%241.3b%3A-will-it-be-accretive-analyst-blog-2015-03-16 | nan | nan | The Blackstone Group L.P.BX has finally struck a deal to buy Chicago's Willis Tower for $1.3 billion. As per the news, first reported by the Wall Street Journal, the deal was finalized during the weekend.
The purchase price of $1.3 billion would mark the highest ever for a U.S. office tower situated outside New York. For Blackstone, the deal holds great significance as the company is mostly known for its leverage buyouts rather than purchasing individual properties.
Last week, when Crains Chicago Business reported that owners of Willis Tower have solicited Eastdil Secured, a real estate service firm, for seeking buyers; the news of Blackstone's interest in buying the building surfaced. The company's representatives had visited the second tallest building in the U.S. to perform due diligence.
What Attracted Blackstone into Purchasing Willis Tower?
Willis Tower, completed in 1973, earns about $10,000 per hour. Other than its income from leasing office space, the property earns revenues from retail and restaurant space, broadcast space and antennas, building naming rights managed by Willis Group Holdings, a building tenant and also Skydeck observation deck at 103th floor.
According to an offering book prepared by Eastdil, Skydeck generated revenues of $25 million annually for each of the last three years. Overall, Willis Tower is expected to earn $88.6 million as net operating income in 2015, which is expected to include $28.8 million from Skydeck, $11.1 million from broadcasting and $48.7 million from leasing office, retail and restaurant space.
Notably, for a total office space of 3.8 million square feet, Willis Tower's price is about $340 per square foot. This will lead to huge profits for the current owners, namely, New York-based investors Joseph Chetrit and Joseph Moinian, and Skokie-based American Landmark Properties. They had purchased the building in 2004 for $841 million.
Further, according to a familiar source, Willis Tower's initial annual income is expected in the range of 6-7% of its purchase price. This is substantially high as compared with those located in New York or San Francisco, where income is generally 4-5% of purchase price for a high-quality tower.
Nonetheless, as Willis Tower is more than 40 years old, Blackstone will likely invest nearly $150 million for its repair and modernization. Also, since the building is 84% leased, Blackstone will have to make an extra effort to fill in the empty office spaces.
Despite holding $81 billion in real estate assets under management, the deal marks a big move for Blackstone. The company, not a major acquirer of office space since the 2008 financial meltdown, has raised $13 billion for its last real estate fund, while seeking $15 billion for the latest real estate fund.
Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment, and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower.
Currently, Blackstone carries a Zacks Rank #3 (Hold). Some better-ranked asset managers include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Cohen & Steers Inc. CNS , each holding a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment, and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower. Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, for a total office space of 3.8 million square feet, Willis Tower's price is about $340 per square foot. | Some better-ranked asset managers include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Cohen & Steers Inc. CNS , each holding a Zacks Rank #2 (Buy). Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Willis Tower, completed in 1973, earns about $10,000 per hour. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, for a total office space of 3.8 million square feet, Willis Tower's price is about $340 per square foot. | Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, for a total office space of 3.8 million square feet, Willis Tower's price is about $340 per square foot. Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment, and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower. |
21840.0 | 2015-03-09 00:00:00 UTC | Blackstone (BX) to Buy Willis Tower in Chicago for $1.5B? - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstone-bx-to-buy-willis-tower-in-chicago-for-%241.5b-analyst-blog-2015-03-09 | nan | nan | One of the largest private equity firms in the world, New York-based The Blackstone Group L.P.BX is aiming to expand in Chicago. The company is in talks to buy the city's tallest building, 110-story Willis Tower, for$1.5 billion. The news was first reported by Crains Chicago Business.
Blackstone's representatives had been visiting the second tallest building in the U.S. to perform due diligence. The news that the building owners have solicited Eastdil Secured, a real estate service firm, to seek buyers, paved way for negotiations regarding a deal.
What Lured Blackstone to Buy Willis Tower?
Currently, sales volume of office space at Chicago scales a seven-year high. Last year, the 60-story tower at 300 N. LaSalle Street, was sold for $850 million, the highest price so far.
Willis Tower, completed in 1973, earns about $10,000 per hour. Apart from income generated by leasing office space, revenue is earned from retail and restaurant space, broadcast space and antennas, building naming rights managed by Willis Group Holdings, a building tenant as well as Skydeck observation deck at 103th floor.
According to an offering book prepared by Eastdil, Skydeck generated revenues of $25 million annually for each of the last three years. Overall, Willis Tower is expected to earn $88.6 million as net operating income in 2015, which would include $28.8 million from Skydeck, $11.1 million from broadcasting and $48.7 million from leasing office, retail and restaurant space.
Additionally, Blackstone will have an upside on Skydeck's naming rights as well as building's name. However, the amount that the company will have to shell out for buying Willis Group's contract has not been disclosed.
Nonetheless, as Willis Tower is more than 40 years old, nearly $100 million would be required for its repair and modernization over the next few years. Further, the building is 84% leased and hence, Blackstone will have to extend extra effort to fill in the empty office spaces.
Notably, at its projected sale price of $1.5 billion, Willis Tower commands $400 per square feet for 3.8 million square feet of office space. This will lead to huge profits for the current owners, new York-based investors Joseph Chetrit and Joseph Moinian, and Skokie-based American Landmark Properties. They had purchased the building in 2004 for $840 million.
Despite holding $81 billion as real estate assets under management, the deal, if finalized, is expected to be a big one for Blackstone. The company, not a major acquirer of office space since the 2008 financial meltdown, has raised $13 billion for its last real estate fund, while seeking $15 billion for the latest real estate fund.
Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower, if the deal materializes.
Currently, Blackstone carries a Zacks Rank #3 (Hold). Some better-ranked asset managers include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Cohen & Steers Inc. CNS , each holding a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower, if the deal materializes. Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, at its projected sale price of $1.5 billion, Willis Tower commands $400 per square feet for 3.8 million square feet of office space. | Some better-ranked asset managers include AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Cohen & Steers Inc. CNS , each holding a Zacks Rank #2 (Buy). Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Willis Tower, completed in 1973, earns about $10,000 per hour. | Click to get this free report AMERIPRISE FINL (AMP): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, at its projected sale price of $1.5 billion, Willis Tower commands $400 per square feet for 3.8 million square feet of office space. | Willis Tower, completed in 1973, earns about $10,000 per hour. Notably, at its projected sale price of $1.5 billion, Willis Tower commands $400 per square feet for 3.8 million square feet of office space. Hence, with significant funds available as well as an expected rebound in real estate market driven by low rate environment and rise in demand for office spaces, we believe that Blackstone will reap profits from the purchase of Willis Tower, if the deal materializes. |
21841.0 | 2015-02-26 00:00:00 UTC | Principal Financial Approves $150M Share Buyback Program - Analyst Blog | AB | https://www.nasdaq.com/articles/principal-financial-approves-%24150m-share-buyback-program-analyst-blog-2015-02-26 | nan | nan | The board of directors of Principal Financial Group, Inc . ( PFG ) approved a new share buyback program in a concerted effort to return more value to shareholders. The new approval authorizes the company to repurchase shares worth $150 million.
Share repurchases benefit the company's earnings per share, book value and shareholder equity, as these reduce the number of shares outstanding.
A solid liquidity position driven by sustained operational strength has always supported Principal Financial in capital deployment. In 2014, the investment manager generated $3.1 billion in cash (up 40% year over year) and exited the year with retained earnings of $6.1 billion (up 13% year over year).
In 2014, Principal Financial returned $599.3 million to its shareholders, via dividend payment and share repurchases, increasing 36% year over year. Share buyback totaled $223 million last year.
Principal Financial's capital deployment through share buybacks and dividend payment looks impressive, making it an attractive pick for yield-seeking investors. As such the investment manager intends to deploy $0.8-$1 billion in share buybacks and dividend payment besides strategic acquisitions.
Riding on the strength of its operational performance, its board of directors also approved a 6% increase in quarterly dividend. The quarterly dividend of 36 cents per share translates into an annualized payout of $1.44 per share, currently yielding 2.8%, and betters the industry average of 1.52%.
Principal Financial also boasts a track of positive surprise every quarter with the last four-quarter surprise averaging 9.81%. The strength seen in last quarter's financial performance was backed by its increased focus on fee-based businesses.
Currently, Principal Financial carries a Zacks Rank #3 (Hold). Better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). All these stocks carry a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. A solid liquidity position driven by sustained operational strength has always supported Principal Financial in capital deployment. | Better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. In 2014, Principal Financial returned $599.3 million to its shareholders, via dividend payment and share repurchases, increasing 36% year over year. | Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). In 2014, the investment manager generated $3.1 billion in cash (up 40% year over year) and exited the year with retained earnings of $6.1 billion (up 13% year over year). | Better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report JANUS CAP GRP (JNS): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. In 2014, Principal Financial returned $599.3 million to its shareholders, via dividend payment and share repurchases, increasing 36% year over year. |
21842.0 | 2015-02-24 00:00:00 UTC | Is AllianceBernstein Holding (AB) Stock A Great Combo of Value and Growth? - Tale of the Tape | AB | https://www.nasdaq.com/articles/is-alliancebernstein-holding-ab-stock-a-great-combo-of-value-and-growth-tale-of-the-tape | nan | nan | Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ).
AllianceBernstein Holding in Focus
AB may be an interesting play thanks to its forward PE of 13.2, its P/S ratio of 0.91, and its decent dividend yield of 8.4%. These factors suggest that AllianceBernstein is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings.
But before you think that AllianceBernstein is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 4% in the past 30 days, thanks to 3 upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push AB to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, AllianceBernstein is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 13.2, its P/S ratio of 0.91, and its decent dividend yield of 8.4%. This estimate strength is actually enough to push AB to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 13.2, its P/S ratio of 0.91, and its decent dividend yield of 8.4%. | These factors suggest that AllianceBernstein is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings. Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). | AllianceBernstein Holding in Focus AB may be an interesting play thanks to its forward PE of 13.2, its P/S ratio of 0.91, and its decent dividend yield of 8.4%. These factors suggest that AllianceBernstein is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AB has decent revenue metrics to back up its earnings. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; AllianceBernstein Holding L.P. ( AB ). |
21843.0 | 2015-02-20 00:00:00 UTC | T. Rowe Price (TROW) Gains on Increasing Shareholder Value - Analyst Blog | AB | https://www.nasdaq.com/articles/t.-rowe-price-trow-gains-on-increasing-shareholder-value-analyst-blog-2015-02-20 | nan | nan | Shares of T. Rowe Price Group, Inc. ( TROW ) gained nearly 2% at the end of the yesterday's trading session following the announcement of a special dividend along with a rise in regular quarterly cash dividend by this global investment management firm.
Special Dividend
T. Rowe Price, which is riding high on the impressive fourth-quarter 2014 earnings results reported on Jan 28, earned further brownie points from shareholders by declaring a special cash dividend of 2 cents per share. The dividend will be paid on Apr 23 of record as of Apr 9.
29th Consecutive Dividend Hike
T. Rowe Price also hiked its quarterly common stock dividend by 18% from the prior payout to 52 cents per share. The new dividend will be paid on Mar 30 to shareholders of record as of Mar 16. Prior to this, the company increased its dividend by 16% to 44 cents per share in Feb 2014.
Implications
The current move reflects T. Rowe Price's robust balance sheet as well as commitment to return value to shareholders with its strong cash generation capabilities.
In Dec 2014, the company's board of directors approved an increase in the company's share repurchase authorization by 15 million, taking the total unutilized authorization to 20.9 million shares.
T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3.4 billion as of Dec 31, 2014. This will support the company's ability to continue investing in the future periods along with undertaking shareholder-friendly moves.
Our Take
Based in Baltimore, MD, T. Rowe Price Group offers a full range of investment strategies to institutions, financial intermediaries and individuals. As of Dec 31, 2014, the company holds $746.8 billion in assets and operates across 14 countries with around 5870 associates.
We believe that despite active competition, the company has significant long-term upside potential based on its disciplined risk-aware investment approach, which focuses on diversification, consistency in style and fundamental research.
Currently, T. Rowe Price carries a Zacks Rank #3 (Hold). Some better-ranked companies in the same space include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Implications The current move reflects T. Rowe Price's robust balance sheet as well as commitment to return value to shareholders with its strong cash generation capabilities. T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3.4 billion as of Dec 31, 2014. This will support the company's ability to continue investing in the future periods along with undertaking shareholder-friendly moves. | Some better-ranked companies in the same space include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Implications The current move reflects T. Rowe Price's robust balance sheet as well as commitment to return value to shareholders with its strong cash generation capabilities. | Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Implications The current move reflects T. Rowe Price's robust balance sheet as well as commitment to return value to shareholders with its strong cash generation capabilities. T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3.4 billion as of Dec 31, 2014. | Some better-ranked companies in the same space include AllianceBernstein Holding L.P. ( AB ), Ameriprise Financial, Inc. ( AMP ) and Janus Capital Group, Inc. ( JNS ). Implications The current move reflects T. Rowe Price's robust balance sheet as well as commitment to return value to shareholders with its strong cash generation capabilities. T. Rowe Price remains debt-free with substantial liquidity, including cash and sponsored portfolio investment holdings of about $3.4 billion as of Dec 31, 2014. |
21844.0 | 2015-02-18 00:00:00 UTC | Allianceberstein Holding L.P. (AB) Ex-Dividend Date Scheduled for February 19, 2015 | AB | https://www.nasdaq.com/articles/allianceberstein-holding-lp-ab-ex-dividend-date-scheduled-february-19-2015-2015-02-18 | nan | nan | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 19, 2015. A cash dividend payment of $0.57 per share is scheduled to be paid on March 12, 2015. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 26.67% increase over the prior quarter.
The previous trading day's last sale of AB was $27.25, representing a -3.3% decrease from the 52 week high of $28.18 and a 21.65% increase over the 52 week low of $22.40.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). AB's current earnings per share, an indicator of a company's profitability, is $1.86. Zacks Investment Research reports AB's forecasted earnings growth in 2015 as 9.81%, compared to an industry average of .9%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). Zacks Investment Research reports AB's forecasted earnings growth in 2015 as 9.81%, compared to an industry average of .9%. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 19, 2015. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $27.25, representing a -3.3% decrease from the 52 week high of $28.18 and a 21.65% increase over the 52 week low of $22.40. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 19, 2015. The previous trading day's last sale of AB was $27.25, representing a -3.3% decrease from the 52 week high of $28.18 and a 21.65% increase over the 52 week low of $22.40. |
21845.0 | 2015-02-11 00:00:00 UTC | KKR Falls on Q4 Earnings Miss, Investment Income Down - Analyst Blog | AB | https://www.nasdaq.com/articles/kkr-falls-on-q4-earnings-miss-investment-income-down-analyst-blog-2015-02-11 | nan | nan | Shares of KKR & Co. L.P. ( KKR ) lost nearly 3% following the fourth-quarter 2014 earnings release, which reflected weakness owing to a significant decline in investment income. The company reported adjusted economic net income per unit of 5 cents, substantially missing the Zacks Consensus Estimate of 40 cents. Moreover, the bottom line came in lower than the prior-year quarter figure of $1.04.
KKR & Company LP - Earnings Surprise | FindTheBest
For full-year 2014, economic net income per unit stood at $1.84 per share, down 35% year over year. Moreover, this lagged the Zacks Consensus Estimate of $2.21.
Results suffered due to subdued top-line growth. Also, elevated expenses further weighed on the results. However, consistent improvement in assets under management (AUM) and a healthy balance sheet continued to be the positive factors.
Kohlberg Kravis' economic net income for the quarter totaled $86.6 million, down 89% year over year. For 2014, economic net income came in at $1.73 billion, down 21% year over year.
Behind the Headlines
Total revenue (GAAP basis) amounted to $212.9 billion, down 5% on a year-over-year basis. Moreover, this lagged the Zacks Consensus Estimate of $261 million.
For 2014, total revenue (GAAP basis) climbed 46% year over year to $1.11 billion. Moreover, it surpassed the Zacks Consensus Estimate of $1.09 billion.
Total operating expenses rose 9% year over year to $633.2 million. The increase was driven by higher general, administrative and other expenses, which were, however, partially offset by a reduction in compensation & benefits costs.
Assets under Management
As of Dec 31, 2014, total AUM grew 5% year over year to $98.6 billion. Moreover, fee-paying AUM summed $83.0 billion, improving 7% from the Dec 31, 2013 figure.
Capital and Liquidity
As of Dec 31, 2014, Kohlberg Kravis had $1.1 billion in cash and short-term investments. As of the same date, the company had $1.0 billion in revolving credit facility. This does not include a $500 million revolving credit facility intended for use in its capital markets business, out of which, $27.0 million had been drawn as of Dec 31, 2014.
Our Viewpoint
Kohlberg Kravis boasts an impressive history of growth driven by mergers and acquisitions. The investment manager will continue to exploit lucrative investment opportunities on the back of its efficient fund-raising capability, in the quarters ahead.
Moreover, given the sluggish economic recovery and low rate of interest in the U.S., the investment manager has expanded its investments in the emerging markets of Asia. We believe that this strategic move will further boost its top line in the long run.
However, due to the company's continuous expansion of its global footprint, expenses are anticipated to rise. Also, the prevalent unfavorable operating environment has started taking a toll on the company's profitability.
Currently, Kohlberg Kravis carries a Zacks Rank #3 (Hold).
Among other investment managers, AllianceBernstein Holding L.P. ( AB ), Brookfield Asset Management Inc. ( BAM ) and Fortress Investment Group LLC ( FIG ) are scheduled to release their fourth-quarter 2014 results on Feb 12, Feb 13 and Feb 26, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The investment manager will continue to exploit lucrative investment opportunities on the back of its efficient fund-raising capability, in the quarters ahead. Also, the prevalent unfavorable operating environment has started taking a toll on the company's profitability. Among other investment managers, AllianceBernstein Holding L.P. ( AB ), Brookfield Asset Management Inc. ( BAM ) and Fortress Investment Group LLC ( FIG ) are scheduled to release their fourth-quarter 2014 results on Feb 12, Feb 13 and Feb 26, respectively. | Among other investment managers, AllianceBernstein Holding L.P. ( AB ), Brookfield Asset Management Inc. ( BAM ) and Fortress Investment Group LLC ( FIG ) are scheduled to release their fourth-quarter 2014 results on Feb 12, Feb 13 and Feb 26, respectively. Click to get this free report FORTRESS INVEST (FIG): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report To read this article on Zacks.com click here. The investment manager will continue to exploit lucrative investment opportunities on the back of its efficient fund-raising capability, in the quarters ahead. | Click to get this free report FORTRESS INVEST (FIG): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BROOKFIELD ASST (BAM): Free Stock Analysis Report To read this article on Zacks.com click here. The investment manager will continue to exploit lucrative investment opportunities on the back of its efficient fund-raising capability, in the quarters ahead. Also, the prevalent unfavorable operating environment has started taking a toll on the company's profitability. | The investment manager will continue to exploit lucrative investment opportunities on the back of its efficient fund-raising capability, in the quarters ahead. Also, the prevalent unfavorable operating environment has started taking a toll on the company's profitability. Among other investment managers, AllianceBernstein Holding L.P. ( AB ), Brookfield Asset Management Inc. ( BAM ) and Fortress Investment Group LLC ( FIG ) are scheduled to release their fourth-quarter 2014 results on Feb 12, Feb 13 and Feb 26, respectively. |
21846.0 | 2014-11-24 00:00:00 UTC | A Look at Why International Markets are a Better Buy than the U.S. Market | AB | https://www.nasdaq.com/articles/look-why-international-markets-are-better-buy-us-market-2014-11-24 | nan | nan | The U.S. market is in second to last place on theglobal marketlist at a whopping 0.6% in projected annual return, implying that the market is over-valued and will be going flat in the near future. It may be time to invest in international stocks to get more bang for your buck.
On our website underneath the drop-down menu "Market," there are a few pages that you will find most useful if you are interested in keeping up with the international market and where the U.S. falls on the list.
Global Market Valuation will show you, in chronological order from the highest to lowest, which markets will potentially bring a higher percentage of annual return.
Warren Buffett Recent Buys
Singapore is number one on the list, at 13.8%, Australia comes in second at 9.1% and Italy in third at 7.6%.
The right side of the chart shows emerging markets, with China at 31.7% and Russia at 26.6%.
The Global Market Value page is not the only place on the site that gives information about the current state of the U.S. market. If you hover over Markets once more and click on Shiller P/E , you'll see that the ratio is 62% higher than the historical mean of 16.6%, which tells us the market is currently over-valued.
This isn't a warning to stay away from the U.S. market completely. In fact, it would probably be a disaster if everyone abandoned the market completely. In order to be a successful investor in the U.S. market, it would be more beneficial to invest in stocks that are under-valued.
One way to indicate whether or not a stock's price is too high or just right is to take a look at the Peter Lynch chart, which can be found at the bottom of a stock's summary page. The chart looks like this:
The trick is to buy shares when the green line is below the blue line. The blue line is Peter Lynch's earnings line and the green line indicates the actual price. According to this chart for Abercrombie & Fitch ( ANF ), this stock is under-valued.
Gurus that own this stock: Joel Greenblatt, Richard Snow, Ray Dailo, Paul Turdor Jones, John Burbank, Chuck Royce, Dodge & Cox, Steven Cohen.
Insider trades: Director Craig Stapleton bought 10,000 shares at a trading price of $37.30
This is an example of an ideal buy. The price of AllianceBernstein Holding L.P. ( AB ) is $27.16 and Lynch values it at $28.40. Although it is a mild difference, it is still under-valued. If you want to find out more about the Peter Lynch number, you can do so here.
Gurus that have bought this stock include: Ronald Muhlenkamp, Murray Stahl and Jim Simons.
Insider trade: Director Weston Hicks sold 5000 shares, at a trading price of $25.80.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Global Market Value page is not the only place on the site that gives information about the current state of the U.S. market. In fact, it would probably be a disaster if everyone abandoned the market completely. According to this chart for Abercrombie & Fitch ( ANF ), this stock is under-valued. | The Global Market Value page is not the only place on the site that gives information about the current state of the U.S. market. In fact, it would probably be a disaster if everyone abandoned the market completely. According to this chart for Abercrombie & Fitch ( ANF ), this stock is under-valued. | The Global Market Value page is not the only place on the site that gives information about the current state of the U.S. market. In fact, it would probably be a disaster if everyone abandoned the market completely. According to this chart for Abercrombie & Fitch ( ANF ), this stock is under-valued. | If you want to find out more about the Peter Lynch number, you can do so here. The Global Market Value page is not the only place on the site that gives information about the current state of the U.S. market. In fact, it would probably be a disaster if everyone abandoned the market completely. |
21847.0 | 2014-10-29 00:00:00 UTC | Allianceberstein Holding L.P. (AB) Ex-Dividend Date Scheduled for October 30, 2014 | AB | https://www.nasdaq.com/articles/allianceberstein-holding-lp-ab-ex-dividend-date-scheduled-october-30-2014-2014-10-29 | nan | nan | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on October 30, 2014. A cash dividend payment of $0.45 per share is scheduled to be paid on November 20, 2014. Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12.5% increase over the same period a year ago. At the current stock price of $26.75, the dividend yield is 6.73%.
The previous trading day's last sale of AB was $26.75, representing a -5.07% decrease from the 52 week high of $28.18 and a 27.93% increase over the 52 week low of $20.91.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). AB's current earnings per share, an indicator of a company's profitability, is $1.89. Zacks Investment Research reports AB's forecasted earnings growth in 2014 as 1.54%, compared to an industry average of 2.3%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). Zacks Investment Research reports AB's forecasted earnings growth in 2014 as 1.54%, compared to an industry average of 2.3%. | AB's current earnings per share, an indicator of a company's profitability, is $1.89. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on October 30, 2014. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $26.75, representing a -5.07% decrease from the 52 week high of $28.18 and a 27.93% increase over the 52 week low of $20.91. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. AB's current earnings per share, an indicator of a company's profitability, is $1.89. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on October 30, 2014. |
21848.0 | 2014-09-30 00:00:00 UTC | SEI Investments Downgraded to Hold on Expense Concerns - Analyst Blog | AB | https://www.nasdaq.com/articles/sei-investments-downgraded-to-hold-on-expense-concerns-analyst-blog-2014-09-30 | nan | nan | On Sep 30, Zacks Investment Research downgraded SEI Investments Co. ( SEIC ) to a Zacks Rank #3 (Hold). Going by the Zacks model, companies holding a Zacks Rank #3 are expected to perform in line with the broader market.
Why the Downgrade?
SEI Investments has been witnessing falling earnings estimates over the last 30 days, mainly on concerns regarding mounting expenses and over-dependence on fee income as the source of revenues.
SEI Investments reported second-quarter 2014 earnings of 48 cents per share on Jul 23, beating the Zacks Consensus Estimate by 14.3%. Also, the reported figure compared favorably with 31 cents earned in the prior-year quarter.
Results were aided by higher top-line growth, partially offset by a rise in expenses. Moreover, the company boasted strong asset under management (AUM) and asset under administration position during the quarter.
However, proliferating expenses remain a cause of concern for SEI Investments. Expenses witnessed a rising tendency over the last three years which continued in the first half of 2014 as well. Growing compensation costs are primarily responsible for the expense upraise. Moreover, as the company continues to build its operational infrastructure, costs are unlikely to decrease in the near term.
Again, increasing dependence on fee-based revenues is a downside for the company, as it could adversely affect its financials in the near term.
For 2014, the Zacks Consensus Estimate decreased 1.1% to $1.84 per share over the last 30 days. For 2015, the Zacks Consensus Estimate moved down 1.9% to $2.12 per share over the same time period.
Other Stocks to Consider
Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), The Blackstone Group L.P. ( BX ) and Janus Capital Group, Inc. ( JNS ). All these stocks hold a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also, the reported figure compared favorably with 31 cents earned in the prior-year quarter. Other Stocks to Consider Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), The Blackstone Group L.P. ( BX ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Other Stocks to Consider Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), The Blackstone Group L.P. ( BX ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 31 cents earned in the prior-year quarter. | Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 31 cents earned in the prior-year quarter. Other Stocks to Consider Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), The Blackstone Group L.P. ( BX ) and Janus Capital Group, Inc. ( JNS ). | Also, the reported figure compared favorably with 31 cents earned in the prior-year quarter. Other Stocks to Consider Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), The Blackstone Group L.P. ( BX ) and Janus Capital Group, Inc. ( JNS ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21849.0 | 2014-09-30 00:00:00 UTC | Will BankUnited's Rising Expenses Dampen Upcoming Results? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-bankuniteds-rising-expenses-dampen-upcoming-results-analyst-blog-2014-09-30 | nan | nan | On Sep 24, 2014, we issued an updated research report on BankUnited, Inc. ( BKU ). Sustainable improvement in the top line as well as loan and deposits continued to be the growth drivers, while rising expenses remained the dampener.
BankUnited, with a goal to provide personalized services along with a diversified range of products and services to customers, continues to focus on organic as well as inorganic growth. The bank has been successfully expanding its business via acquisitions.
Moreover, BankUnited continues to report better-than-expected results aided by robust revenue generation and appreciable loan and deposits growth. The bank's consistent efforts for revenue generation were reflected in the 9% rise in revenues in the first half of 2014. Also, its inclination towards expansion and development will further propel growth going forward.
On the flip side, the constantly mounting expenses remain a challenge for BankUnited. Non-interest expenses increased 24% year over year in the first half of 2014. Further, management forecasts higher compensation expenses in the upcoming quarters.
Though the bank make efforts to be investor friendly by returning capital to shareholders through dividends, the persistent low interest rate environment and its exposure to risky residential loans has failed to gain investors' confidence. The uncertainty in the market regarding the company's future performance is evident from the 6% year-to-date decline in the share price.
The weakness can also be observed in the Zacks Consensus Estimate for 2014, which remained flat over the last 30 days. For 2015, the estimate decreased by a penny over the same time frame.
Currently, BankUnited carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Other finance stocks worth considering include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sustainable improvement in the top line as well as loan and deposits continued to be the growth drivers, while rising expenses remained the dampener. Moreover, BankUnited continues to report better-than-expected results aided by robust revenue generation and appreciable loan and deposits growth. Stocks That Warrant a Look Other finance stocks worth considering include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). | Stocks That Warrant a Look Other finance stocks worth considering include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BANKUNITED INC (BKU): Free Stock Analysis Report NORTHRIM BCP (NRIM): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Sustainable improvement in the top line as well as loan and deposits continued to be the growth drivers, while rising expenses remained the dampener. | Moreover, BankUnited continues to report better-than-expected results aided by robust revenue generation and appreciable loan and deposits growth. Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report BANKUNITED INC (BKU): Free Stock Analysis Report NORTHRIM BCP (NRIM): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Sustainable improvement in the top line as well as loan and deposits continued to be the growth drivers, while rising expenses remained the dampener. | Moreover, BankUnited continues to report better-than-expected results aided by robust revenue generation and appreciable loan and deposits growth. Stocks That Warrant a Look Other finance stocks worth considering include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). Sustainable improvement in the top line as well as loan and deposits continued to be the growth drivers, while rising expenses remained the dampener. |
21850.0 | 2014-09-29 00:00:00 UTC | Janus Capital Shares Surge 43.02% as Bill Gross Joins Firm - Analyst Blog | AB | https://www.nasdaq.com/articles/janus-capital-shares-surge-43.02-as-bill-gross-joins-firm-analyst-blog-2014-09-29 | nan | nan | Shares of Janus Capital Group, Inc. ( JNS ) - the fund management company with $178 billion of assets under management (AUM) jumped a massive 43.02% on Friday. The significant surge in the price followed the hiring of Bill Gross - co-founder of the large investment firm - Pacific Investment Management Co. (Pimco). Gross used to run Total Return Fund worth $222 billion.
Gross joined Janus Capital for his long-standing relationship and due respect for CEO Weil. He is expected to handle client asset management.
Historically, Janus Capital has been involved in stock investing, which touched new highs during the internet bubble in 2000. However, following the bursting of the internet bubble, shares of Janus Capital plunged with its assets under management descending by more than half over the next several years. Further, in late 2003, the company became involved in a major mutual-fund scandal, which was settled in early 2004.
Since Mr. Weil - Chief Executive Officer (CEO) of Janus Capital - joined in 2010 he used diversification strategies beyond equities and tripled the fund's fixed-income assets from $10.3 billion to $31 billion.
Therefore, Gross who is being crowned as the "bond king" for taking Pimco to a new high in the asset management industry, which pulled hundreds of billions of dollars from investors, is expected to propel Janus Capital to new heights. The bond king helped turn California-based Pimco into one of the world's largest bond managers.
However, of late Pimco has been burdened with problems and recorded persistent outflows of investors following its consistent poor performance. Therefore, despite possessing 43 years of concrete experience at Pimco over record fixed income strategies, Mr. Gross resigned and decided to join Janus Capital.
As his first move in Janus Capital, Gross will manage the recently launched Janus Global Unconstrained Bond Fund. Moreover, he will initiate a new global macro fixed-income division next week.
With his mastery at asset management strategies, Bill Gross is expected to take Janus Capital to a new high, which has been recording outflows every quarter. Notably, for the second quarter of 2014, Janus Capital recorded long-term net outflows of $3.3 billion. Though weakness in flows remains a matter of concern, the company has the best-in-class investment boutique with potential for AUM and revenue along with competitive leverage growth.
Currently, Janus Capital carries a Zacks Rank #1 (Strong Buy). Other investment managers worth considering include SEI Investments Co. ( SEIC ), Monroe Capital Corporation ( MRCC ) and AllianceBernstein Holding L.P. ( AB ). All three carry a Zacks Rank #1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, for the second quarter of 2014, Janus Capital recorded long-term net outflows of $3.3 billion. Other investment managers worth considering include SEI Investments Co. ( SEIC ), Monroe Capital Corporation ( MRCC ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, for the second quarter of 2014, Janus Capital recorded long-term net outflows of $3.3 billion. Other investment managers worth considering include SEI Investments Co. ( SEIC ), Monroe Capital Corporation ( MRCC ) and AllianceBernstein Holding L.P. ( AB ). | Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, for the second quarter of 2014, Janus Capital recorded long-term net outflows of $3.3 billion. Other investment managers worth considering include SEI Investments Co. ( SEIC ), Monroe Capital Corporation ( MRCC ) and AllianceBernstein Holding L.P. ( AB ). | Notably, for the second quarter of 2014, Janus Capital recorded long-term net outflows of $3.3 billion. Other investment managers worth considering include SEI Investments Co. ( SEIC ), Monroe Capital Corporation ( MRCC ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21851.0 | 2014-09-29 00:00:00 UTC | Will Northern Trust Gain from T2S Strategy Implementation? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-northern-trust-gain-from-t2s-strategy-implementation-analyst-blog-2014-09-29 | nan | nan | Northern Trust Corporation ( NTRS ) announced the implementation of Target2-Securities (T2S) strategy to provide better services to its clients in the form of improved liquidity as well as asset safety. The bank hired the services of Deutsche Bank AG ( DB ) and Euroclear SA/NV to help it accomplish the same.
What is T2S?
T2S is an initiative undertaken by the European Central Bank (ECB) in 2008 to automate and standardize the current uneven settlement process throughout Europe by providing the market participants a single shared platform and legal framework for the settlement of securities.
The T2S project, which will launch the single coordinated platform in 2015, is expected to result in reduction of risks and costs associated with cross-border settlements.
How will Northern Trust Benefit from T2S?
The implementation of the T2S strategy with the support of Deutsche Bank and Euroclear will help Northern Trust improve efficiency and asset protection through synchronized Delivery-versus-Payment settlement in the ECB across European securities markets.
The bank will be able to offer improved services to customers as this strategy will lead to a decline in the cost of liquidity and increased asset safety. Moreover, the transparency and risk reduction provided by the integrated single market infrastructure, as proposed by T2S initiative, will further prove beneficial in the long run.
As part of its T2S strategy, Northern Trust will set up direct market connectivity in several European markets through Euroclear's Investor Central Securities Depository (CSD) solution. Also, the bank will take advantage of the asset servicing facilities of Deutsche Bank.
Our Take
Though ECB started the T2S initiative mainly for the betterment of European markets, the cost efficiencies and smoother post-trade processes realized by this strategy will have a favorable impact on the global markets as well.
Currently, Northern Trust carries a Zacks Rank #3 (Hold). Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ) and First NBC Bank Holding Co. ( NBCB ). Both these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The bank will be able to offer improved services to customers as this strategy will lead to a decline in the cost of liquidity and increased asset safety. Our Take Though ECB started the T2S initiative mainly for the betterment of European markets, the cost efficiencies and smoother post-trade processes realized by this strategy will have a favorable impact on the global markets as well. Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ) and First NBC Bank Holding Co. ( NBCB ). | Click to get this free report NORTHERN TRUST (NTRS): Free Stock Analysis Report DEUTSCHE BK AG (DB): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report FIRST NBC BANK (NBCB): Free Stock Analysis Report To read this article on Zacks.com click here. The bank will be able to offer improved services to customers as this strategy will lead to a decline in the cost of liquidity and increased asset safety. Our Take Though ECB started the T2S initiative mainly for the betterment of European markets, the cost efficiencies and smoother post-trade processes realized by this strategy will have a favorable impact on the global markets as well. | Click to get this free report NORTHERN TRUST (NTRS): Free Stock Analysis Report DEUTSCHE BK AG (DB): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report FIRST NBC BANK (NBCB): Free Stock Analysis Report To read this article on Zacks.com click here. The bank will be able to offer improved services to customers as this strategy will lead to a decline in the cost of liquidity and increased asset safety. Our Take Though ECB started the T2S initiative mainly for the betterment of European markets, the cost efficiencies and smoother post-trade processes realized by this strategy will have a favorable impact on the global markets as well. | The bank will be able to offer improved services to customers as this strategy will lead to a decline in the cost of liquidity and increased asset safety. Our Take Though ECB started the T2S initiative mainly for the betterment of European markets, the cost efficiencies and smoother post-trade processes realized by this strategy will have a favorable impact on the global markets as well. Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ) and First NBC Bank Holding Co. ( NBCB ). |
21852.0 | 2014-09-29 00:00:00 UTC | TD Ameritrade Partners with Equity Administration Solutions - Analyst Blog | AB | https://www.nasdaq.com/articles/td-ameritrade-partners-with-equity-administration-solutions-analyst-blog-2014-09-29 | nan | nan | TD Ameritrade Holding Corporation' s ( AMTD ) subsidiary TD Ameritrade, Inc. has entered into a strategic partnership with Equity Administration Solutions, Inc. ('EASi'). This latest move by the Omaha, NE-based online broker age firm comes in line with its strategy to cater innovative solutions to corporate customers and their employees.
Based in Pleasanton, CA, EASi is one of the biggest firms in the world, providing software-as-a-service or cloud-based solutions for management of equity compensation to public as well as private firms. It is also a major company in offering administrative support for employee stock plans.
Per the agreement terms, TD Ameritrade will manage participant servicing for participating EASi stock plan clients, by employing EASi's platform for accounts, administration and reporting and integrating with TD Ameritrade's diversified brokerage services. The deal will aid plan sponsors in receiving accurate 'end-to-end solution' with ease and transparency. Also, it will enable the employees getting access to their stock plan data, investment tools and resources.
Per the director of Stock Plan Services at TD Ameritrade, Brian Burke, "By working with leading equity administration platform providers such as EASi, we can offer corporate clients a more customizable and transparent solution that combines a top administration platform with our brokerage tools, education and resources so employees can be in a better position to make decisions when it comes to managing their equity compensation."
Our Take
Innovations in online trading, long-term investment in products and services, delivery of advanced customer services, creative as well as cost-effective marketing and sales, along with prudent expense management, are TD Ameritrade's key strategies to boost trading and investing business. We believe the latest move will complement the company's technology platform and help it in better serving its clients.
TD Ameritrade currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the finance space include Arlington Asset Investment Corp. ( AI ) and Moelis & Company ( MC ) and AllianceBernstein Holding L.P. ( AB ). All the three companies sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Per the director of Stock Plan Services at TD Ameritrade, Brian Burke, "By working with leading equity administration platform providers such as EASi, we can offer corporate clients a more customizable and transparent solution that combines a top administration platform with our brokerage tools, education and resources so employees can be in a better position to make decisions when it comes to managing their equity compensation." Some better-ranked stocks in the finance space include Arlington Asset Investment Corp. ( AI ) and Moelis & Company ( MC ) and AllianceBernstein Holding L.P. ( AB ). Also, it will enable the employees getting access to their stock plan data, investment tools and resources. | Some better-ranked stocks in the finance space include Arlington Asset Investment Corp. ( AI ) and Moelis & Company ( MC ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report TD AMERITRADE (AMTD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MOELIS & CO (MC): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Also, it will enable the employees getting access to their stock plan data, investment tools and resources. | Per the director of Stock Plan Services at TD Ameritrade, Brian Burke, "By working with leading equity administration platform providers such as EASi, we can offer corporate clients a more customizable and transparent solution that combines a top administration platform with our brokerage tools, education and resources so employees can be in a better position to make decisions when it comes to managing their equity compensation." Click to get this free report TD AMERITRADE (AMTD): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MOELIS & CO (MC): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Also, it will enable the employees getting access to their stock plan data, investment tools and resources. | Per the director of Stock Plan Services at TD Ameritrade, Brian Burke, "By working with leading equity administration platform providers such as EASi, we can offer corporate clients a more customizable and transparent solution that combines a top administration platform with our brokerage tools, education and resources so employees can be in a better position to make decisions when it comes to managing their equity compensation." Also, it will enable the employees getting access to their stock plan data, investment tools and resources. Some better-ranked stocks in the finance space include Arlington Asset Investment Corp. ( AI ) and Moelis & Company ( MC ) and AllianceBernstein Holding L.P. ( AB ). |
21853.0 | 2014-09-26 00:00:00 UTC | Will Affiliated Managers' Portfolio Expansion Show Results? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-affiliated-managers-portfolio-expansion-show-results-analyst-blog-2014-09-26 | nan | nan | On Sep 19, 2014, we issued an updated research report on Affiliated Managers Group Inc. ( AMG ). Commendable top line growth remains the key strength while escalating expenses continue to be a concern.
Affiliated Managers with its diversified investment products and a goal to fulfill the varied needs of clients seems to capitalize on available opportunities and pave the way for growth. The global asset management firm's consistent efforts for revenue generation were reflected in the 18% rise in revenues in the first half of 2014.
Moreover, the company has been seeking opportunities to acquire interests in high quality boutique investment management firms, expressing its focus on expansion and development. The continuous profitable investments made by the company to enhance footprint will continue to boost growth going forward.
On the flip side, the constantly mounting expenses remain a challenge for Affiliated Managers. The first half of 2014 recorded a 14% increase in operating expenses, highlighting the need for better expense management. Also, the company's inclination towards acquisitions is bound to further elevate costs, keeping the top line under pressure.
Moreover, despite healthy liquidity level and steady assets under management, Affiliated Managers has been unsuccessful in gaining investors' confidence. The uncertainty in the market regarding the company's future performance due to its high debt level and vulnerability to unfavorable economic and industry conditions is evident from the 7.2% year-to-date decline in the share price.
This can also be observed in the Zacks Consensus Estimate for 2014 and 2015, which remained flat over the last 30 days.
Currently, Affiliated Managers carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Affiliated Managers with its diversified investment products and a goal to fulfill the varied needs of clients seems to capitalize on available opportunities and pave the way for growth. The uncertainty in the market regarding the company's future performance due to its high debt level and vulnerability to unfavorable economic and industry conditions is evident from the 7.2% year-to-date decline in the share price. Commendable top line growth remains the key strength while escalating expenses continue to be a concern. | Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report NORTHRIM BCP (NRIM): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Commendable top line growth remains the key strength while escalating expenses continue to be a concern. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report NORTHRIM BCP (NRIM): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Commendable top line growth remains the key strength while escalating expenses continue to be a concern. Affiliated Managers with its diversified investment products and a goal to fulfill the varied needs of clients seems to capitalize on available opportunities and pave the way for growth. | Commendable top line growth remains the key strength while escalating expenses continue to be a concern. Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and Northrim Bancorp Inc. ( NRIM ). Affiliated Managers with its diversified investment products and a goal to fulfill the varied needs of clients seems to capitalize on available opportunities and pave the way for growth. |
21854.0 | 2014-09-24 00:00:00 UTC | Franklin Resources' AUM Growth on Track; Should You Hold? - Analyst Blog | AB | https://www.nasdaq.com/articles/franklin-resources-aum-growth-on-track-should-you-hold-analyst-blog-2014-09-24 | nan | nan | On Sep 17, 2014, we issued an updated research report on Franklin Resources Inc. ( BEN ). The California-based global investment management firm has exhibited efforts in maintaining its assets under management (:AUM) growth momentum.
For the nine months ended Jun 2014, AUM grew 13% year over year. Also, for July and August 2014, it grew 8.8% and 12.8%, respectively, year over year. Notably, Franklin's AUM recorded a five-year (fiscal 2009-fiscal 2013) CAGR of 12.70%, driven by market appreciation and net new inflows. Given the impressive performance record, we expect the uptrend to follow in the upcoming quarters as markets are improving, though at a sluggish pace.
Further, Franklin's steady capital deployment activities continue to boost investors' confidence. During the nine months of fiscal 2014, the company enhanced shareholder value by returning around $660 million to the shareholders through dividends and share repurchases.
We believe Franklin's diverse and innovative investment products, strong distribution platform and its strategic global footprint would aid organic growth. Nevertheless, among several issues, escalating costs remain a major concern for the company. Operating expenses recorded a three-year (fiscal 2011-fiscal 2013) CAGR of 6.3%. The increasing trend continued during the nine months of fiscal 2014 with total operating expenses rising 3.6% year over year.
Over the past 30 days, the Zacks Consensus Estimate remained stable at $3.74 per share and $4.08 per share for 2014 and 2015, respectively. Hence, Franklin currently carries a Zacks Rank #3 (Hold).
Stocks that Warrant a Look
AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ) are among the better-ranked stocks in the investment management space. All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, Franklin's AUM recorded a five-year (fiscal 2009-fiscal 2013) CAGR of 12.70%, driven by market appreciation and net new inflows. Over the past 30 days, the Zacks Consensus Estimate remained stable at $3.74 per share and $4.08 per share for 2014 and 2015, respectively. Stocks that Warrant a Look AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ) are among the better-ranked stocks in the investment management space. | Stocks that Warrant a Look AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ) are among the better-ranked stocks in the investment management space. Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Franklin's AUM recorded a five-year (fiscal 2009-fiscal 2013) CAGR of 12.70%, driven by market appreciation and net new inflows. | Stocks that Warrant a Look AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ) are among the better-ranked stocks in the investment management space. Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Franklin's AUM recorded a five-year (fiscal 2009-fiscal 2013) CAGR of 12.70%, driven by market appreciation and net new inflows. | Stocks that Warrant a Look AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ) are among the better-ranked stocks in the investment management space. Notably, Franklin's AUM recorded a five-year (fiscal 2009-fiscal 2013) CAGR of 12.70%, driven by market appreciation and net new inflows. Over the past 30 days, the Zacks Consensus Estimate remained stable at $3.74 per share and $4.08 per share for 2014 and 2015, respectively. |
21855.0 | 2014-09-23 00:00:00 UTC | T. Rowe Price Exhibits Revenue Growth; Should You Hold? - Analyst Blog | AB | https://www.nasdaq.com/articles/t.-rowe-price-exhibits-revenue-growth-should-you-hold-analyst-blog-2014-09-23 | nan | nan | On Sep 17, 2014, we issued an updated research report on T. Rowe Price Group Inc. ( TROW ). Shares of this investment management company have recorded a one-year return of 10.5%. Further, T. Rowe Price has outpaced the Zacks Consensus Estimate in the last four quarters, with an average beat of 2.48%.
We believe this growth story has been aided by the company's continued focus on revenue growth among several other positives including a strong capital position, steady capital deployment activities and diverse business model.
Organic growth remains a key strength at T. Rowe Price, as reflected by its revenue growth story. Net revenues increased 16.1% year over year in first-half 2014. We believe the company is well positioned to maintain this trend going forward.
T. Rowe Price is an attractive asset for yield-seeking investors due to its strong capital deployment activity. In Feb 2014, T. Rowe Price's board of directors approved a 16.0% hike in the company's quarterly common stock dividend. This marks T. Rowe Price's 28th consecutive annual dividend increase. Moreover, in first-half 2014, the company paid $231.7 million in regular dividends and repurchased common stock worth $57 million.
Despite strong fundamentals, we believe there are certain issues that may create pressure on the company's financials in the near term. These include elevated operating expenses and cyclical and secular pressures in the asset management business.
For 2014, the Zacks Consensus Estimate over the past 60 days remained stable at $4.61 per share, while for 2015 it decreased by a penny to $5.10 per share, over the same time frame. Hence, T. Rowe Price carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy), while Ameriprise Financial, Inc. ( AMP ) and SEI Investments Co. ( SEIC ) carries a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For 2014, the Zacks Consensus Estimate over the past 60 days remained stable at $4.61 per share, while for 2015 it decreased by a penny to $5.10 per share, over the same time frame. Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy), while Ameriprise Financial, Inc. ( AMP ) and SEI Investments Co. ( SEIC ) carries a Zacks Rank #2 (Buy). Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy), while Ameriprise Financial, Inc. ( AMP ) and SEI Investments Co. ( SEIC ) carries a Zacks Rank #2 (Buy). Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. For 2014, the Zacks Consensus Estimate over the past 60 days remained stable at $4.61 per share, while for 2015 it decreased by a penny to $5.10 per share, over the same time frame. | Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy), while Ameriprise Financial, Inc. ( AMP ) and SEI Investments Co. ( SEIC ) carries a Zacks Rank #2 (Buy). Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. For 2014, the Zacks Consensus Estimate over the past 60 days remained stable at $4.61 per share, while for 2015 it decreased by a penny to $5.10 per share, over the same time frame. | Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy), while Ameriprise Financial, Inc. ( AMP ) and SEI Investments Co. ( SEIC ) carries a Zacks Rank #2 (Buy). For 2014, the Zacks Consensus Estimate over the past 60 days remained stable at $4.61 per share, while for 2015 it decreased by a penny to $5.10 per share, over the same time frame. Click to get this free report T ROWE PRICE (TROW): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21856.0 | 2014-09-22 00:00:00 UTC | Blackstone's Top-Line Growth Continues: Should You Buy? - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstones-top-line-growth-continues%3A-should-you-buy-analyst-blog-2014-09-22 | nan | nan | On Sep 15, 2014, we issued an updated research report on The Blackstone Group L.P. ( BX ). This New York-based investment management firm remains focused on improving its top line.
Blackstone reported second-quarter 2014 economic net income of $1.15 per share on Jul 17, beating the Zacks Consensus Estimate by a huge 64%. Also, the reported figure compared favorably with 62 cents earned in the prior-year quarter.
Results were aided by higher top-line growth, driven primarily by a steep rise in the performance fees. This was, however, partly offset by higher expenses. Further, the company boasted a strong asset under management (AUM) and balance sheet position during the quarter. Blackstone's total revenue grew 57% year over year to $2.26 billion. The increase was mainly attributable to a 95% rise in performance fees and 72% boost in investment income.
We believe that company's diversified products and revenue mix will help it adapt to the changing requirements of the clients and in turn to keep its growth momentum going.
The Zacks Consensus Estimate for 2014 climbed 3.2% to $3.84 per share over the past 60 days. For 2015, the Zacks Consensus Estimate inched up 0.6% to $3.53 per share during the same time frame.
Blackstone currently carries a Zacks Rank #2 (Buy).
Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and SEI Investments Co. ( SEIC ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also, the reported figure compared favorably with 62 cents earned in the prior-year quarter. The increase was mainly attributable to a 95% rise in performance fees and 72% boost in investment income. Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and SEI Investments Co. ( SEIC ). | Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and SEI Investments Co. ( SEIC ). Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 62 cents earned in the prior-year quarter. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 62 cents earned in the prior-year quarter. The increase was mainly attributable to a 95% rise in performance fees and 72% boost in investment income. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 62 cents earned in the prior-year quarter. The increase was mainly attributable to a 95% rise in performance fees and 72% boost in investment income. |
21857.0 | 2014-09-22 00:00:00 UTC | Does Legg Mason's Top-Line Growth Indicate a Turnaround? - Analyst Blog | AB | https://www.nasdaq.com/articles/does-legg-masons-top-line-growth-indicate-a-turnaround-analyst-blog-2014-09-22 | nan | nan | On Sep 15, 2014, we issued an updated research report on Legg Mason Inc. ( LM ). Robust top-line improvement and effective cost control continued to be the growth drivers, while net outflows remained the dampener.
Legg Mason's exclusive focus on asset management along with its international presence has assisted it in enhancing revenue generation. This could be witnessed in the first quarter of fiscal 2015, which reflected a rise in total revenues. Moreover, the global asset management firm's growth was further supported by prudent expense management attained through a consistent streamlining of businesses.
Along with the commendable organic growth strategy, Legg Mason has been concentrating on expanding its operations via acquisitions. The company is amid several beneficial deals such as acquisition of international equity specialist firm Martin Currie and New York-based private asset manager QS Investors, which are expected to augment development after their completion.
Moreover, Legg Mason continues to attract investors' attention through its strong capital deployment activities. With a steady stock repurchase program in place and frequent hikes in dividend, the company's success in gaining market confidence was evident from the 16.9% year-to-date increase in share price.
On the flip side, the equity assets under management outflows continued to keep the company's profitability under pressure. These persistent outflows keep us apprehensive as an absence of credible improvement in the company's investment management performance reflects no relief in the near term.
Though Legg Mason has the potential to capitalize on available opportunities on the back of a healthy capital position and diversified product mix, slow economic recovery and elevating regulatory pressure are bound to weigh on its financials.
This can also be observed in the Zacks Consensus Estimate for 2014 and 2015, which remained flat over the last 30 days.
Currently, Legg Mason carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Along with the commendable organic growth strategy, Legg Mason has been concentrating on expanding its operations via acquisitions. On the flip side, the equity assets under management outflows continued to keep the company's profitability under pressure. These persistent outflows keep us apprehensive as an absence of credible improvement in the company's investment management performance reflects no relief in the near term. | Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). Click to get this free report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Along with the commendable organic growth strategy, Legg Mason has been concentrating on expanding its operations via acquisitions. | Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). Click to get this free report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Along with the commendable organic growth strategy, Legg Mason has been concentrating on expanding its operations via acquisitions. | On the flip side, the equity assets under management outflows continued to keep the company's profitability under pressure. Along with the commendable organic growth strategy, Legg Mason has been concentrating on expanding its operations via acquisitions. These persistent outflows keep us apprehensive as an absence of credible improvement in the company's investment management performance reflects no relief in the near term. |
21858.0 | 2014-09-16 00:00:00 UTC | Nasdaq OMX Extends EGX Contract, Launches SMARTS - Analyst Blog | AB | https://www.nasdaq.com/articles/nasdaq-omx-extends-egx-contract-launches-smarts-analyst-blog-2014-09-16 | nan | nan | Nasdaq OMX Group Inc. ( NDAQ ) has announced the extension of its contract with the Egyptian Exchange (EGX) for five more years. The company will continue to offer its globally leading X-stream trading technology to EGX till Jan 2020.
EGX has been Nasdaq's technology client since 1999. In 2006, EGX became Nasdaq's strategic partner through the Egypt for Information Dissemination (EGID). Since 2008, Nasdaq has been offering X-stream trading technology to EGX, thereby managing trading risks even during times of extreme volatility.
The contract extension shows Nasdaq's success in preserving the trust of Egyptian Exchange for 14 years and also meeting the demand of providing the best technology and resources to the company's market clients.
Last week, Nasdaq also announced the launch of SMARTS Surveillance for Energy which helps in protecting against any trading manipulation across physically and financial energy markets.
Nasdaq's X-stream, INET and SMARTS technologies are well positioned to contribute to growth as the industry is becoming more focused on solutions to effectively manage risk. These factors also aid in attracting new listings and driving client activity in the recovering economic environment.
Although one cannot overlook the technical anomalies faced by Nasdaq in the past couple of years, we believe that it is aggressively focusing on being more technically competent to respond to the changing industry dynamics and exploit opportunities for gaining scale. These efforts are also supporting growth in the company's non-transaction revenue base.
Nasdaq's Zacks Consensus Estimate for 2014 is pegged at $2.90 while for 2015, it is $3.29. Long-term growth for the stock is targeted at 10.5%.
Currently, Nasdaq OMX has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Better-ranked stocks in the finance sector that are worth reckoning include AllianceBernstein Holding L.P. ( AB ), AmTrust Financial Services, Inc. ( AFSI ) and Arlington Asset Investment Corp. ( AI ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Better-ranked stocks in the finance sector that are worth reckoning include AllianceBernstein Holding L.P. ( AB ), AmTrust Financial Services, Inc. ( AFSI ) and Arlington Asset Investment Corp. ( AI ). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Nasdaq OMX Group Inc. ( NDAQ ) has announced the extension of its contract with the Egyptian Exchange (EGX) for five more years. | Other Stocks to Consider Better-ranked stocks in the finance sector that are worth reckoning include AllianceBernstein Holding L.P. ( AB ), AmTrust Financial Services, Inc. ( AFSI ) and Arlington Asset Investment Corp. ( AI ). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Since 2008, Nasdaq has been offering X-stream trading technology to EGX, thereby managing trading risks even during times of extreme volatility. | Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Better-ranked stocks in the finance sector that are worth reckoning include AllianceBernstein Holding L.P. ( AB ), AmTrust Financial Services, Inc. ( AFSI ) and Arlington Asset Investment Corp. ( AI ). Since 2008, Nasdaq has been offering X-stream trading technology to EGX, thereby managing trading risks even during times of extreme volatility. | Other Stocks to Consider Better-ranked stocks in the finance sector that are worth reckoning include AllianceBernstein Holding L.P. ( AB ), AmTrust Financial Services, Inc. ( AFSI ) and Arlington Asset Investment Corp. ( AI ). Click to get this free report NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. EGX has been Nasdaq's technology client since 1999. |
21859.0 | 2014-09-15 00:00:00 UTC | Principal Financial, Macquarie Ally to Grow in CMBS Market - Analyst Blog | AB | https://www.nasdaq.com/articles/principal-financial-macquarie-ally-to-grow-in-cmbs-market-analyst-blog-2014-09-15 | nan | nan | Principal Financial Group 's ( PFG ) real estate division, Principal Real Estate Investors, has inked a deal with financial services giant Macquarie Group Ltd. With the help of Macquarie, IA-based Principal Financial's real estate wing will form a lending platform named Principal Commercial Capital in the commercial mortgage-backed securities (CMBS) market.
While Macquarie will fund the lending platform and assist Principal Financial with its capital market knowledge, Principal Real Estate will be responsible for sourcing, underwriting, closing and servicing loans. Through this lending platform, Principal Real Estate Investors will provide its borrowers with a wide range of options, thereby enhancing the core strengths of both itself as well as Macquarie.
The aforementioned deal clearly expands Principal Financial's operations in the CMBS market. Principal Real Estate Investors boasts a strong loan portfolio when it comes to being a CMBS loan originator and seller, reflected by the 2000 loans, totaling more than $16 billion contributed by the company. The CMBS credit profiles have a close link with the economic conditions and real estate market.
Thus, with the gradual recovery in the U.S. housing market, the CMBS market is also showing improvement and provides further scope of improvement. At this juncture, Principal Financial's CMBS market expansion should thus help the company generate growth.
Principal Financial currently carries a Zacks Rank #2 (Buy). Investors interested in the financial investment management space may also consider stocks like AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in the financial investment management space may also consider stocks like AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Through this lending platform, Principal Real Estate Investors will provide its borrowers with a wide range of options, thereby enhancing the core strengths of both itself as well as Macquarie. | Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the financial investment management space may also consider stocks like AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Principal Financial Group 's ( PFG ) real estate division, Principal Real Estate Investors, has inked a deal with financial services giant Macquarie Group Ltd. With the help of Macquarie, IA-based Principal Financial's real estate wing will form a lending platform named Principal Commercial Capital in the commercial mortgage-backed securities (CMBS) market. | Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the financial investment management space may also consider stocks like AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Principal Financial Group 's ( PFG ) real estate division, Principal Real Estate Investors, has inked a deal with financial services giant Macquarie Group Ltd. With the help of Macquarie, IA-based Principal Financial's real estate wing will form a lending platform named Principal Commercial Capital in the commercial mortgage-backed securities (CMBS) market. | Investors interested in the financial investment management space may also consider stocks like AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Click to get this free report PRINCIPAL FINL (PFG): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Principal Financial Group 's ( PFG ) real estate division, Principal Real Estate Investors, has inked a deal with financial services giant Macquarie Group Ltd. With the help of Macquarie, IA-based Principal Financial's real estate wing will form a lending platform named Principal Commercial Capital in the commercial mortgage-backed securities (CMBS) market. |
21860.0 | 2014-09-15 00:00:00 UTC | Invesco's Top-Line Growth Continues, Should You Buy? - Analyst Blog | AB | https://www.nasdaq.com/articles/invescos-top-line-growth-continues-should-you-buy-analyst-blog-2014-09-15 | nan | nan | On Sep 9, 2014, we issued an updated research report on Invesco Ltd. ( IVZ ). This Atlanta, GA-based investment management firm remains focused on improving its top line.
Invesco reported second-quarter 2014 adjusted earnings of 65 cents per share on Jul 31, beating the Zacks Consensus Estimate by 12.1%. Also, the reported figure compared favorably with 50 cents earned in the prior-year quarter.
Results were aided by higher revenues, which were, however, partly offset by rising expenses. Further, the company boasted a strong asset under management (AUM) and balance sheet position during the quarter. Adjusted net revenue came in at $901.0 million, increasing 14% from the prior-year quarter. The rise was attributable to an increase in investment management fees, other revenues and third-party distribution, service and advisory revenues, partly offset by a fall in performance fees and service & distribution fees.
The Zacks Consensus Estimate for 2014 has remained unchanged over the past 30 days. However, the Zacks Consensus Estimate for 2015 inched up 1.4% to $2.89 per share over the same time frame.
Invesco currently carries a Zacks Rank #2 (Buy).
Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also, the reported figure compared favorably with 50 cents earned in the prior-year quarter. The rise was attributable to an increase in investment management fees, other revenues and third-party distribution, service and advisory revenues, partly offset by a fall in performance fees and service & distribution fees. Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). | The rise was attributable to an increase in investment management fees, other revenues and third-party distribution, service and advisory revenues, partly offset by a fall in performance fees and service & distribution fees. Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. | The rise was attributable to an increase in investment management fees, other revenues and third-party distribution, service and advisory revenues, partly offset by a fall in performance fees and service & distribution fees. Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the reported figure compared favorably with 50 cents earned in the prior-year quarter. | Also, the reported figure compared favorably with 50 cents earned in the prior-year quarter. The rise was attributable to an increase in investment management fees, other revenues and third-party distribution, service and advisory revenues, partly offset by a fall in performance fees and service & distribution fees. Some better-ranked investment managers include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and SEI Investments Co. ( SEIC ). |
21861.0 | 2014-09-15 00:00:00 UTC | Will Janus Capital's Product Diversification Efforts Pay Off? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-janus-capitals-product-diversification-efforts-pay-off-analyst-blog-2014-09-15 | nan | nan | On Sep 8, 2014, we issued an updated research report on Janus Capital Group, Inc. ( JNS ). Robust top-line growth and sustained rise in assets under management (AUM) reflect strength while escalating expenses continue to be the undermining factor.
Janus Capital's focus on expansion of its fixed income business has started yielding results in the form of enhanced revenues and AUM growth. This could be seen halfway through 2014 in which the company recorded 7.3% year-over-year rise in revenues as well as a 10.6% increase in AUM.
Janus Capital, with a solid mix of investment products and healthy balance sheet, has the potential to capitalize on the growth opportunities going forward. Moreover, the company is trying to use a diversification strategy with new product innovation to further improve investment performance, which will likely boost profitability in the future.
On the flip side, the rising costs remain a challenge for Janus Capital. Though the company has been undertaking several measures to reduce expenses, the first half of 2014 failed to reflect the desired outcome. Moreover, the company's enhanced exposure in international markets is expected to further augment costs going forward, triggered by additional international laws and regulations. Also, the company's equity-heavy portfolio makes it vulnerable to the equity market volatilities, adding to concerns.
Moreover, despite efficient capital deployment activities and better-than-expected second-quarter 2014 performance, Janus Capital failed to gain investors' confidence. The ambiguity prevalent in the market regarding the company's future performance due to the deterioration in theglobal marketconditions is evident from the 6.7% year-to-date fall in the share price.
This can also be observed in the Zacks Consensus Estimate for 2014 and 2015, which remained flat over the last 30 days.
Currently, Janus Capital carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Some better-ranked financial stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, the company is trying to use a diversification strategy with new product innovation to further improve investment performance, which will likely boost profitability in the future. Also, the company's equity-heavy portfolio makes it vulnerable to the equity market volatilities, adding to concerns. Stocks That Warrant a Look Some better-ranked financial stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). | Stocks That Warrant a Look Some better-ranked financial stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company is trying to use a diversification strategy with new product innovation to further improve investment performance, which will likely boost profitability in the future. | Stocks That Warrant a Look Some better-ranked financial stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Click to get this free report JANUS CAP GRP (JNS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company is trying to use a diversification strategy with new product innovation to further improve investment performance, which will likely boost profitability in the future. | Moreover, the company is trying to use a diversification strategy with new product innovation to further improve investment performance, which will likely boost profitability in the future. Also, the company's equity-heavy portfolio makes it vulnerable to the equity market volatilities, adding to concerns. Stocks That Warrant a Look Some better-ranked financial stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corp. ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). |
21862.0 | 2014-09-10 00:00:00 UTC | Blackstone, TPG Capital to Buy Kensington for GBP 180M - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstone-tpg-capital-to-buy-kensington-for-gbp-180m-analyst-blog-2014-09-10 | nan | nan | The Blackstone Group L.P. ( BX ) and TPG Capital LP have agreed to buy U.K.'s sub-prime mortgage lender - Kensington - from its South African parent company, Investec Plc for £180 million ($289.7 million) in cash. The deal enhances Blackstone and TPG Capital's presence in the lucrative U.K. housing market.
Kensington is being purchased by Blackstone's Tactical Opportunities division and TPG Capital's TSSP special situations and credit platform. Further, the deal still requires the customary regulatory and anti-trust approvals.
Notably, the price paid is based on tangible net asset value of £165 million as of Mar 31, 2014 and includes some other mortgage assets as well. As of Mar 31, 2014, Kensington held assets worth £3.7 billion and employed around 140 people.
Further, Blackstone and TPG Capital will be infusing additional capital into the acquired business. This would enable expansion of Kensington's specialist lending to self-employed homebuyers and landlords. Additionally, Kensington will be under a new chief executive, Ian Henderson.
Kensington was acquired by Investec in 2007 for £283 million ($473 million). However, the transaction turned out to be ill-timed due to the financial crisis.
Post the financial crisis, Investec has been keen on simplifying its operations. Its decision to divest Kensington in Feb 2014 reflects the same target. Other firms like Lonestar, a U.S. property investor, Virgin Money and The Goldman Sachs Group, Inc. ( GS ) had also shown interest in the division.
For Investec, the deal is a step toward simplifying its businesses and bolstering its balance sheet. The firm plans to utilize the proceeds to expand its U.K. specialist banking operations.
Blackstone and TPG Capital foresee tremendous growth potential in U.K.'s mortgage market. Residential real estate prices have been appreciating in the country as prices in the three months ended Aug 2014 were 9.7% higher than in the comparable period last year, as per Halifax.
Currently, Blackstone carries a Zacks Rank #2 (Buy). Some better-ranked asset managers include AllianceBernstein Holding L.P. ( AB ) and SEI Investments Co. ( SEIC ). Both these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked asset managers include AllianceBernstein Holding L.P. ( AB ) and SEI Investments Co. ( SEIC ). Notably, the price paid is based on tangible net asset value of £165 million as of Mar 31, 2014 and includes some other mortgage assets as well. This would enable expansion of Kensington's specialist lending to self-employed homebuyers and landlords. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the price paid is based on tangible net asset value of £165 million as of Mar 31, 2014 and includes some other mortgage assets as well. This would enable expansion of Kensington's specialist lending to self-employed homebuyers and landlords. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the price paid is based on tangible net asset value of £165 million as of Mar 31, 2014 and includes some other mortgage assets as well. This would enable expansion of Kensington's specialist lending to self-employed homebuyers and landlords. | Notably, the price paid is based on tangible net asset value of £165 million as of Mar 31, 2014 and includes some other mortgage assets as well. This would enable expansion of Kensington's specialist lending to self-employed homebuyers and landlords. Residential real estate prices have been appreciating in the country as prices in the three months ended Aug 2014 were 9.7% higher than in the comparable period last year, as per Halifax. |
21863.0 | 2014-09-10 00:00:00 UTC | Franklin August AUM Ascends, Equity & Hybrid Assets Rise - Analyst Blog | AB | https://www.nasdaq.com/articles/franklin-august-aum-ascends-equity-hybrid-assets-rise-analyst-blog-2014-09-10 | nan | nan | Franklin Resources Inc. ( BEN ) declared preliminary assets under management (AUM) of $922.2 billion by its subsidiaries for Aug 2014. The company's results exhibited a rise of 1.6% from $907.9 billion as of Jul 31, 2014. Moreover, it surged 12.8% from $834.1 billion as of Aug 31, 2013.
Month-end total equity assets came in at $386.3 billion for Franklin, up 1.7% from the prior month while it climbed 19.3% on a year-over-year basis. Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S.
Total fixed income assets were $365 billion, up around 1% from the prior month and 3.4% from $353 billion as of Aug 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable.
Franklin recorded $164.2 billion in hybrid assets, which increased 2.6% from $160.1 billion in the prior month and jumped 22.7% from $133.8 billion in the prior-year month.
Cash management funds were reported at $6.7 billion, up from $6.4 billion in the prior month while it was slightly down from $6.8 billion in the prior-year month.
Quarterly Performance
On a quarterly basis, as of Jun 30, 2014, total AUM was $920.5 billion, up from $815.0 billion as of Jun 30, 2013, driven by market appreciation of $116.9 billion, partially offset by $7.2 billion of net new outflows. Simple monthly average AUM of $902.8 billion during the quarter climbed 8% year over year. Notably, net new inflows of $2.6 billion were recorded in the quarter.
Our Viewpoint
Franklin's global footprint is a favorable strategic point as its AUM is well diversified. The company is also poised to benefit from its strong balance sheet. However, regulatory restrictions and sluggish economic growth could mar AUM improvement and alleviate costs.
Franklin currently carries a Zacks Rank #3 (Hold). However, a better performing company in the same industry with a Zacks Rank #1 (Strong Buy) is AllianceBernstein Holding L.P. ( AB ).
Among other asset managers, Invesco Ltd. ( IVZ ) and Legg Mason Inc. ( LM ) are expected to release preliminary AUM for Aug 2014 later this week.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. Our Viewpoint Franklin's global footprint is a favorable strategic point as its AUM is well diversified. | Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. | Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. | Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. Our Viewpoint Franklin's global footprint is a favorable strategic point as its AUM is well diversified. |
21864.0 | 2014-09-09 00:00:00 UTC | Federated (FII) May Disappoint Due to Top-Line, AUM Stress - Analyst Blog | AB | https://www.nasdaq.com/articles/federated-fii-may-disappoint-due-to-top-line-aum-stress-analyst-blog-2014-09-09 | nan | nan | On Sep 2, 2014, we issued an updated research report on Federated Investors, Inc. ( FII ). While expense management remained a strength, pressurized top line and reduction in assets under management (AUM) continue to be the concerns.
Federated's significant dependence on fees from varied managed assets that tend to fluctuate weighs heavily on its profitability. To add to the troubles, the new regulations by the Securities and Exchange Commission (SEC) for the money market fund business are expected to affect the company's business operations going forward.
Moreover, Federated's second-quarter 2014 results showed declining year-over-year performance. Halfway through 2014, the company reported a 3% decrease in the average managed assets compared with the corresponding prior-year period. Also, revenue fell 6% in the first half of 2014.
Though several acquisitions undertaken by Federated are expected to ease top-line pressure in the long run, the volatile equity markets and sluggish global economic growth are expected to keep assets under management, asset flows and margins under strain.
This can be observed in the Zacks Consensus Estimate for 2014, which fell 1.4% over the last 30 days and decreased by a penny for 2015 over the same time period.
On the other side, operating expenses declined 3% in the first half of 2014, reflecting Federated's proficient expense management. Also, its moderately liquid balance sheet and a diversified asset as well as product mix may offer better growth prospects going forward. The company's sustained capital deployment activities also remain impressive. However, these positives are yet to be reflected in estimate revisions.
Federated now has a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Federated's significant dependence on fees from varied managed assets that tend to fluctuate weighs heavily on its profitability. Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Federated's significant dependence on fees from varied managed assets that tend to fluctuate weighs heavily on its profitability. Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). | Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Federated's significant dependence on fees from varied managed assets that tend to fluctuate weighs heavily on its profitability. Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). | Stocks That Warrant a Look Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Monroe Capital Corporation ( MRCC ) and PennantPark Floating Rate Capit ( PFLT ). Federated's significant dependence on fees from varied managed assets that tend to fluctuate weighs heavily on its profitability. Click to get this free report FEDERATED INVST (FII): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PENNANTPARK FRC (PFLT): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21865.0 | 2014-09-08 00:00:00 UTC | Will Asset Managers See a Hiatus from SEC-Devised Rules? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-asset-managers-see-a-hiatus-from-sec-devised-rules-analyst-blog-2014-09-08 | nan | nan | Similar to the new regulatory and capital rules for the banks in the post-crisis period, the asset-management industry may also have to fulfill strict capital requirements. Per a Wall Street Journal report, the U.S. Securities and Exchange Commission (SEC) is devising new rules to enhance the oversight of mutual funds and hedge funds industry. On the SEC's part, this comes as an effort to ensure that the asset management industry is adequately shielded from any kind of financial shock.
Per the report, the SEC is in a preliminary stage of framing rules for the asset-management industry - including mutual funds, hedge funds and private-equity funds - in order to lower overall systematic risks.
In the new regime, we believe that asset managers such as BlackRock, Inc. ( BLK ), The Blackstone Group L.P. ( BX ), Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ), Fidelity Investments and Pimco will be required to disclose more information to the regulators about their portfolio holdings.
Further, asset managers may have to undergo the stress test to prove their capability to withstand financial shocks such as an abrupt change in interest rate or a widespread redemption.
Will the Rules Curb Asset Managers Business Growth?
The new rules, if implemented, are likely to restrict the usage of high-yielding but risky derivative products. We believe that it will, to some extent, limit the revenue growth of the asset managers. Moreover, meeting the regulatory capital requirements will restrict asset managers to expand their business. Basically, the advantages of high liquidity will not be there going forward.
SEC Concerns
The fact that some fund houses use derivative products in the portfolio to boost returns pose worries for the SEC. Again, burgeoning of alternative mutual funds with hedge-fund-line strategies is another cause of concern. Alternative asset managers not only aggressively use derivatives in both alternative funds and certain leveraged exchange-traded funds, but also sell these products to small investors.
However, if the new rules are implemented, we believe that the asset managers would be forced to limit the use of derivatives in mutual funds, so the risk will be lower. Moreover, the stress test, which is now mandatory in the banking sector, will serve to ensure that the mutual fund industry possesses the necessary loss-absorbing capital to counter large-scale redemptions or a sudden movement in the interest rate.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Further, asset managers may have to undergo the stress test to prove their capability to withstand financial shocks such as an abrupt change in interest rate or a widespread redemption. Moreover, the stress test, which is now mandatory in the banking sector, will serve to ensure that the mutual fund industry possesses the necessary loss-absorbing capital to counter large-scale redemptions or a sudden movement in the interest rate. In the new regime, we believe that asset managers such as BlackRock, Inc. ( BLK ), The Blackstone Group L.P. ( BX ), Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ), Fidelity Investments and Pimco will be required to disclose more information to the regulators about their portfolio holdings. | In the new regime, we believe that asset managers such as BlackRock, Inc. ( BLK ), The Blackstone Group L.P. ( BX ), Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ), Fidelity Investments and Pimco will be required to disclose more information to the regulators about their portfolio holdings. Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Further, asset managers may have to undergo the stress test to prove their capability to withstand financial shocks such as an abrupt change in interest rate or a widespread redemption. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. In the new regime, we believe that asset managers such as BlackRock, Inc. ( BLK ), The Blackstone Group L.P. ( BX ), Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ), Fidelity Investments and Pimco will be required to disclose more information to the regulators about their portfolio holdings. Further, asset managers may have to undergo the stress test to prove their capability to withstand financial shocks such as an abrupt change in interest rate or a widespread redemption. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. In the new regime, we believe that asset managers such as BlackRock, Inc. ( BLK ), The Blackstone Group L.P. ( BX ), Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ), Fidelity Investments and Pimco will be required to disclose more information to the regulators about their portfolio holdings. Further, asset managers may have to undergo the stress test to prove their capability to withstand financial shocks such as an abrupt change in interest rate or a widespread redemption. |
21866.0 | 2014-09-03 00:00:00 UTC | Monroe Capital Up to Strong Buy on Solid Q2 Results - Analyst Blog | AB | https://www.nasdaq.com/articles/monroe-capital-up-to-strong-buy-on-solid-q2-results-analyst-blog-2014-09-03 | nan | nan | On Aug 30, Zacks Investment Research upgraded Monroe Capital Corporation ( MRCC ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Impressive interest income drove Monroe Capital's second-quarter 2014 results reported on Aug 11. Net investment income of 37 cents per share outpaced the Zacks Consensus Estimate by 12.1%. Also, the figure rose 15.6% from 32 cents earned in the prior quarter.
Investment portfolio growth was reflected in the quarter with the amount of invested assets increasing to $239.7 million as of Jun 30, 2014, up $13.5 million since Mar 31, 2014. Management anticipates optimizing and growing the portfolio through the remainder of the current year.
Monroe Capital has been witnessing rising earnings estimates over the last 30 days with a year-to-date return of 18.6%. Further, it has now delivered positive earnings surprises in three of the last four quarters with an average beat of 8.44%. The long-term expected earnings growth rate stands at 5.0%.
Following second-quarter 2014 results, the Zacks Consensus Estimate for 2014 increased 2.2% to $1.40 per share, over the last 30 days. For 2015, the Zacks Consensus Estimate advanced 5.6% to $1.52 per share over the same time period.
Other Stocks to Consider
Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). All three carry a Zacks Rank #1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Impressive interest income drove Monroe Capital's second-quarter 2014 results reported on Aug 11. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). On Aug 30, Zacks Investment Research upgraded Monroe Capital Corporation ( MRCC ) to a Zacks Rank #1 (Strong Buy). | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). On Aug 30, Zacks Investment Research upgraded Monroe Capital Corporation ( MRCC ) to a Zacks Rank #1 (Strong Buy). | Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report MONROE CAPITAL (MRCC): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 30, Zacks Investment Research upgraded Monroe Capital Corporation ( MRCC ) to a Zacks Rank #1 (Strong Buy). |
21867.0 | 2014-08-29 00:00:00 UTC | Why You Shouldn't Bet Against AllianceBernstein (AB) Stock - Tale of the Tape | AB | https://www.nasdaq.com/articles/why-you-shouldnt-bet-against-alliancebernstein-ab-stock-tale-of-the-tape-2014-08-29 | nan | nan | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. ( AB ). This is because this security in the Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Investment Management space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, AllianceBernstein is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 44 cents per share to 45 cents per share, while current year estimates have risen from $1.77 per share to $1.83 per share. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider AllianceBernstein. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. ( AB ). This is arguably taking place in the Investment Management space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. ( AB ). This is arguably taking place in the Investment Management space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. | This is arguably taking place in the Investment Management space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. ( AB ). This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. ( AB ). This is arguably taking place in the Investment Management space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. |
21868.0 | 2014-08-25 00:00:00 UTC | Och-Ziff (OZM) in Focus: Stock Falls 6.7% - Tale of the Tape | AB | https://www.nasdaq.com/articles/och-ziff-ozm-in-focus%3A-stock-falls-6.7-tale-of-the-tape-2014-08-25 | nan | nan | Och-Ziff Capital Management Group LLC ( OZM ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for OZM, as the stock is now down nearly 15% in the past one-month time frame.
The investment management company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
OZM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). All these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report OCH-ZIFF CAPTL (OZM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Och-Ziff Capital Management Group LLC ( OZM ) saw a big move last session, as the company's shares fell nearly 7% on the day. | Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report OCH-ZIFF CAPTL (OZM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report OCH-ZIFF CAPTL (OZM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report OCH-ZIFF CAPTL (OZM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Och-Ziff Capital Management Group LLC ( OZM ) saw a big move last session, as the company's shares fell nearly 7% on the day. |
21869.0 | 2014-08-25 00:00:00 UTC | Apollo (APO) in Talks to Buy BES Insurance Unit for Euro 200M - Analyst Blog | AB | https://www.nasdaq.com/articles/apollo-apo-in-talks-to-buy-bes-insurance-unit-for-euro-200m-analyst-blog-2014-08-25 | nan | nan | Apollo Global Management, LLC ( APO ) is in discussion with distressed Portuguese bank Banco Espirito Santo (BES) to buy the latter's insurance unit - Tranquilidade. Apollo is expected to shell out around €200 million ($264.6 million) for this acquisition.
Though the acquisition deal has not yet been confirmed by Apollo, the agreement is likely to be finalized in the coming two weeks as divulged by people familiar with the matter. Further, the deal will need approval of the Portuguese Insurance Institute.
Of the anticipated €200 million payment by Apollo, €140 million will be passed on to Tranquilidade, which is in ardent need of capital to bolster losses caused by BES' fallout earlier this year.
The remaining amount will be paid to Novo Banco, the now legal owner of Tranquilidade and the "good bank" created after splitting up BES. Before BES' crisis, Tranquilidade was one of the biggest providers of home and car insurance services in Portugal and was part of the Espirito Santo Financial Group, a family holding company.
BES, one of the biggest banks in Portugal, incurred a loss of €3.58 billion in the first half of 2014 - the biggest loss in Portuguese banking history. The bank was bailed out and segregated into a "good bank" and a "bad bank" under the multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities.
European banks have been compelled to sell assets and undergo restructuring to comply with regulations in lieu of the financial crisis. The setback of the European banking sector has attracted the attention of many private equity and hedge funds that specialize in turning around the distressed assets.
Akin to this, Apollo has been vying for opportunities to diversify its investments as well as expand its footprint in Europe. Even before the troubles of BES and the Espirito Santo family were exposed, Apollo had shown interest in buying Tranquilidade.
Moreover, the New York-based investment manager completed the acquisition of 85% stake in Altamira - Banco Santander, S.A.'s ( SAN ) real-estate servicing unit for €664 million in Jan 2014. Also, the company had acquired Brit Insurance in 2011 in partnership with CVC Capital Partners.
Currently, Apollo carries a Zacks Rank #3 (Hold). Some better-ranked finance stocks include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ). Both these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked finance stocks include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GLOBAL-A (APO): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report BANCO SANTAN SA (SAN): Free Stock Analysis Report To read this article on Zacks.com click here. Apollo Global Management, LLC ( APO ) is in discussion with distressed Portuguese bank Banco Espirito Santo (BES) to buy the latter's insurance unit - Tranquilidade. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GLOBAL-A (APO): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report BANCO SANTAN SA (SAN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked finance stocks include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ). Apollo Global Management, LLC ( APO ) is in discussion with distressed Portuguese bank Banco Espirito Santo (BES) to buy the latter's insurance unit - Tranquilidade. | Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GLOBAL-A (APO): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report BANCO SANTAN SA (SAN): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked finance stocks include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ). Apollo Global Management, LLC ( APO ) is in discussion with distressed Portuguese bank Banco Espirito Santo (BES) to buy the latter's insurance unit - Tranquilidade. | Some better-ranked finance stocks include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GLOBAL-A (APO): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report BANCO SANTAN SA (SAN): Free Stock Analysis Report To read this article on Zacks.com click here. Apollo Global Management, LLC ( APO ) is in discussion with distressed Portuguese bank Banco Espirito Santo (BES) to buy the latter's insurance unit - Tranquilidade. |
21870.0 | 2014-08-22 00:00:00 UTC | Blackstone Up to Strong Buy on Solid Q2 & Acquisitions - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstone-up-to-strong-buy-on-solid-q2-acquisitions-analyst-blog-2014-08-22 | nan | nan | On Aug 22, Zacks Investment Research upgraded The Blackstone Group L.P. ( BX ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Over the past few days, Blackstone entered into a number of acquisitions. Notably, this investment manager announced a deal to acquire 50% Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc ( RDS.A ) for $1.2 billion, thus marking its foray into the energy sector. Given the ever-increasing demand for energy and expected long-term investment benefits, we believe this deal will work in the company's favor going forward.
Further, Blackstone is making investments in the European market, which is showing signs of recovery after a long period of sluggish growth. This could turn out to be favorable for the company in the future.
Impressive performance fees also drove Blackstone's second-quarter 2014 results reported on Jul 17. Economic net income (ENI) of $1.15 per share outpaced the Zacks Consensus Estimate by 64%. Also, the figure was up 85% from 62 cents earned in the prior-year quarter.
Organic growth was reflected in the quarter riding on higher revenues (up 57% year over year). Fee-earnings assets under management (AUM) grew 19% from the year-ago quarter to $209.9 billion. Total AUM as of Jun 30, 2014 was $278.9 billion, up 21% year over year.
Blackstone has been witnessing rising earnings estimates over the last 30 days with a year-to-date return of 9.5%. Further, it has now delivered positive earnings surprises in three of the last four quarters with an average beat of 42.52%.
The Zacks Consensus Estimate for 2014 increased 3.2% to $3.84 per share, over the last 30 days. For 2015, the Zacks Consensus Estimate advanced around 1% to $3.53 per share over the same time period.
Other Stocks to Consider
Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ) and Cohen & Steers Inc. ( CNS ) with a Zacks Rank #1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, this investment manager announced a deal to acquire 50% Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc ( RDS.A ) for $1.2 billion, thus marking its foray into the energy sector. This could turn out to be favorable for the company in the future. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ) and Cohen & Steers Inc. ( CNS ) with a Zacks Rank #1. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this investment manager announced a deal to acquire 50% Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc ( RDS.A ) for $1.2 billion, thus marking its foray into the energy sector. This could turn out to be favorable for the company in the future. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this investment manager announced a deal to acquire 50% Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc ( RDS.A ) for $1.2 billion, thus marking its foray into the energy sector. This could turn out to be favorable for the company in the future. | Notably, this investment manager announced a deal to acquire 50% Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc ( RDS.A ) for $1.2 billion, thus marking its foray into the energy sector. This could turn out to be favorable for the company in the future. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ) and Cohen & Steers Inc. ( CNS ) with a Zacks Rank #1. |
21871.0 | 2014-08-22 00:00:00 UTC | Lazard (LAZ) Hits New 52-Week High on Strong M&A Backdrop - Analyst Blog | AB | https://www.nasdaq.com/articles/lazard-laz-hits-new-52-week-high-on-strong-ma-backdrop-analyst-blog-2014-08-22 | nan | nan | Shares of Lazard Ltd. ( LAZ ) crafted a new 52-week high, touching $54.26 on Aug 21. However, the stock of this investment management firm closed the session at $53.96, reflecting a solid year-to-date return of 22.8%. The trading volume for the session was 848,306 shares.
Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock has plenty of upside left, given the strong estimate revisions it witnessed over the last 30 days. Further, the long-term expected EPS growth rate now stands at 12%.
Growth Drivers
An impressive second-quarter 2014 backed by a strong performance in the asset management segment as well as financial advisory were the primary growth drivers for Lazard. The company significantly benefited from the heightened mergers and acquisitions (M&A).
On Aug 21, Lazard came out with second-quarter 2014 adjusted earnings of 64 cents per share, outpacing the Zacks Consensus Estimate of 55 cents. With this, the company managed to keep its surprise streak alive as it marks the fifth straight quarter of earnings beat. Also, the figure compared favorably with 45 cents earned in the prior-year quarter.
Driven by an increase in financial advisory as well as asset management revenues, adjusted operating revenues came in at $571 million, up 12% year over year. Notably, M&A and other advisory operating revenue increased 7% from prior-year quarter to $233 million.
However, a 9% year-over-year increase in operating expenses to $447.4 million was the downside.
As of Jun 30, 2014, assets under management ('AUM') stood at $204.5 billion, up 25% year over year. The company recorded net inflows of $4.7 billion.
Estimate Revisions Show Potency
Over the last 30 days, the Zacks Consensus Estimate for 2014 advanced 5.4% to $2.92 per share. Also, for 2015, it moved north 3.3% to $3.41 per share.
Some other stocks in this space worth considering include Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ) and The Blackstone Group L.P. ( BX ). All three stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some other stocks in this space worth considering include Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ) and The Blackstone Group L.P. ( BX ). Also, the figure compared favorably with 45 cents earned in the prior-year quarter. Notably, M&A and other advisory operating revenue increased 7% from prior-year quarter to $233 million. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the figure compared favorably with 45 cents earned in the prior-year quarter. Notably, M&A and other advisory operating revenue increased 7% from prior-year quarter to $233 million. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the figure compared favorably with 45 cents earned in the prior-year quarter. Notably, M&A and other advisory operating revenue increased 7% from prior-year quarter to $233 million. | Also, the figure compared favorably with 45 cents earned in the prior-year quarter. Notably, M&A and other advisory operating revenue increased 7% from prior-year quarter to $233 million. Some other stocks in this space worth considering include Cohen & Steers Inc. ( CNS ), AllianceBernstein Holding L.P. ( AB ) and The Blackstone Group L.P. ( BX ). |
21872.0 | 2014-08-21 00:00:00 UTC | BlackRock Depicts Strong Revenue Growth; Expenses Mount - Analyst Blog | AB | https://www.nasdaq.com/articles/blackrock-depicts-strong-revenue-growth-expenses-mount-analyst-blog-2014-08-21 | nan | nan | On Aug 20, 2014, we issued an updated research report on BlackRock Inc. ( BLK ). The rise in assets under management (AUM) and opportunistic acquisitions will likely continue to support its revenue growth. However, mounting expenses make us apprehensive.
BlackRock, with its diversified footprint across the globe and strong product mix has significant organic growth prospects. The company's top line has been growing at a 5-year CAGR of 20.7% (2009-2013), with the trend continuing into 2014.
We believe that BlackRock's diversified products and revenue mix will enable it to adapt easily to the changing needs of clients. Further, the company's brand initiatives for the iShares and ETF business will help it expand revenues going forward.
Further, the Zacks Consensus Estimate over the last 30 days has been showing an increasing trend. For 2014, the Zacks Consensus Estimate increased nearly 1% to $19.23 per share, while for 2015, it rose by a penny to $21.39 per share.
On the flip side, mounting operating expenses remain a major concern. BlackRock continues to witness higher expenses due to increased marketing costs as well as a rise in compliance costs. We believe that this would continue to hamper bottom-line growth going forward.
BlackRock now has a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Some better-ranked investment management stocks include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). All of these have a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We believe that BlackRock's diversified products and revenue mix will enable it to adapt easily to the changing needs of clients. Stocks That Warrant a Look Some better-ranked investment management stocks include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks That Warrant a Look Some better-ranked investment management stocks include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that BlackRock's diversified products and revenue mix will enable it to adapt easily to the changing needs of clients. | Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that BlackRock's diversified products and revenue mix will enable it to adapt easily to the changing needs of clients. Stocks That Warrant a Look Some better-ranked investment management stocks include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). | Stocks That Warrant a Look Some better-ranked investment management stocks include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). We believe that BlackRock's diversified products and revenue mix will enable it to adapt easily to the changing needs of clients. Click to get this free report BLACKROCK INC (BLK): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21873.0 | 2014-08-21 00:00:00 UTC | Noah Holdings Up to Strong Buy on Solid Q2 Results, Guides Up - Analyst Blog | AB | https://www.nasdaq.com/articles/noah-holdings-up-to-strong-buy-on-solid-q2-results-guides-up-analyst-blog-2014-08-21 | nan | nan | On Aug 21, Zacks Investment Research upgraded Noah Holdings Limited ( NOAH ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Noah Holdings has been witnessing rising earnings estimates over the last 30 days with long-term expected earnings growth rate of 24.90%. Further, this China-based wealth management service provider has now delivered positive earnings surprises in three of the last four quarters with an average beat of 26.75%.
The Zacks Consensus Estimate for 2014 increased 1.7% to $1.21 per ADS, over the last 30 days. For 2015, the Zacks Consensus Estimate advanced 6.8% to $1.42 per ADS over the same time period.
Noah Holdings reported its second-quarter results on Aug 12 with earnings per ADS of 41 cents beating the Zacks Consensus Estimate of 31 cents by 32.26%. Net income was up 58.3% year over year.
Organic growth was reflected in the quarter riding on higher revenues (up 61.4% year over year). Further, as of Jun 30, 2014, total number of registered clients increased 32.6% year over year to 60,801, while active clients were 3,538, up 36% from the prior-year period. However, higher operating cost and expenses were on the downside.
For 2014, management expects non-GAAP net income attributable to Noah shareholders to be in the range of $72 million to $76 million, reflecting a year-over-year increase in the range of 27.0% and 34.1%.
Other Stocks to Consider
Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). All three carry a Zacks Rank #1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For 2014, management expects non-GAAP net income attributable to Noah shareholders to be in the range of $72 million to $76 million, reflecting a year-over-year increase in the range of 27.0% and 34.1%. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report NOAH HLDGS LTD (NOAH): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report NOAH HLDGS LTD (NOAH): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. For 2014, management expects non-GAAP net income attributable to Noah shareholders to be in the range of $72 million to $76 million, reflecting a year-over-year increase in the range of 27.0% and 34.1%. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). | Click to get this free report NOAH HLDGS LTD (NOAH): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. For 2014, management expects non-GAAP net income attributable to Noah shareholders to be in the range of $72 million to $76 million, reflecting a year-over-year increase in the range of 27.0% and 34.1%. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). | For 2014, management expects non-GAAP net income attributable to Noah shareholders to be in the range of $72 million to $76 million, reflecting a year-over-year increase in the range of 27.0% and 34.1%. Other Stocks to Consider Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report NOAH HLDGS LTD (NOAH): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21874.0 | 2014-08-20 00:00:00 UTC | Hercules Technology (HTGC) Revises Credit Facility Terms - Analyst Blog | AB | https://www.nasdaq.com/articles/hercules-technology-htgc-revises-credit-facility-terms-analyst-blog-2014-08-20 | nan | nan | Hercules Technology Growth Capital, Inc. ( HTGC ) modified and reiterated its revolving senior secured credit facility with MUFG Union Bank, N.A. - a division of Mitsubishi UFJ Financial Group, Inc. ( MTU ).
Per the amendment and restatement on Aug 14, Hercules enhanced the credit facility size to $75 million from $30 million. The company may further augment the facility to an aggregate principal amount of $95 million through additional lenders according to an included accordion feature.
However, the exercising of this feature is subject to the approval of Union Bank and other customary conditions and there is no guarantee that the additional lenders will join the credit facility to increase available borrowings.
Further, the yearly interest rate on LIBOR borrowings made by Hercules under the credit facility has been trimmed down to LIBOR plus 2.25% from LIBOR plus 2.50% and the floor of 4% has been removed. The ceiling on a specific unsecured debt of the company has also been removed.
Moreover, the maturity date of the credit facility has been extended to Aug 1, 2017.
Hercules looks forward to a strong investment portfolio, driven by the flexibility of the new terms.
Currently, Hercules carries a Zacks Rank #3 (Hold). Some better-ranked finance stocks include Farmers Capital Bank Corporation ( FFKT ) and AllianceBernstein Holding L.P. ( AB ). Both these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, the exercising of this feature is subject to the approval of Union Bank and other customary conditions and there is no guarantee that the additional lenders will join the credit facility to increase available borrowings. Some better-ranked finance stocks include Farmers Capital Bank Corporation ( FFKT ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report HERCULES TECH (HTGC): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MITSUBISHI-UFJ (MTU): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. | Some better-ranked finance stocks include Farmers Capital Bank Corporation ( FFKT ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report HERCULES TECH (HTGC): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MITSUBISHI-UFJ (MTU): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. However, the exercising of this feature is subject to the approval of Union Bank and other customary conditions and there is no guarantee that the additional lenders will join the credit facility to increase available borrowings. | Click to get this free report HERCULES TECH (HTGC): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MITSUBISHI-UFJ (MTU): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. However, the exercising of this feature is subject to the approval of Union Bank and other customary conditions and there is no guarantee that the additional lenders will join the credit facility to increase available borrowings. Some better-ranked finance stocks include Farmers Capital Bank Corporation ( FFKT ) and AllianceBernstein Holding L.P. ( AB ). | Some better-ranked finance stocks include Farmers Capital Bank Corporation ( FFKT ) and AllianceBernstein Holding L.P. ( AB ). However, the exercising of this feature is subject to the approval of Union Bank and other customary conditions and there is no guarantee that the additional lenders will join the credit facility to increase available borrowings. Click to get this free report HERCULES TECH (HTGC): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report MITSUBISHI-UFJ (MTU): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. |
21875.0 | 2014-08-14 00:00:00 UTC | Invesco Touches a New 52-Week High on Strong Q2 Earnings - Analyst Blog | AB | https://www.nasdaq.com/articles/invesco-touches-a-new-52-week-high-on-strong-q2-earnings-analyst-blog-2014-08-14 | nan | nan | Shares of Invesco Ltd. ( IVZ ) achieved a new 52-week high of $38.96 in the second half of the trading session on Aug 13. The stock closed at $38.82, reflecting a solid return of 18.1% over the past one year. The trading volume for the session was 1.6 million shares.
Despite the strong price appreciation, this Zacks Rank #2 (Buy) stock has plenty of upside left, given its estimate revisions over the last 30 days.
Growth Drivers
Impressive second-quarter 2014 results, driven by a rise in revenues, was the primary growth driver for Invesco. Notably, the company reported almost stable preliminary month-end assets under management (AUM) for Jul 2014.
Reported on Jul 31, Invesco's second-quarter earnings of 65 cents per share outpaced the Zacks Consensus Estimate by 12.1%. Results benefited from 14% rise in top-line, partially offset by 9.2% increase in expenses.
Nonetheless, Invesco's AUM for July came in at $798.8 billion, compared with $802.4 billion at the end of Jun 2014. The company recorded positive long-term inflows during the reported month. However, AUM was adversely impacted by negative foreign exchange and unfavorable market returns.
Estimate Revisions Shows Strength
Over the last 30 days, 10 out of 12 estimates for 2014 have been revised upward, lifting the Zacks Consensus Estimate by 2.8% to $2.53 per share. For 2015, 8 out of 12 estimates moved north, with the Zacks Consensus Estimate increasing 2.1% to $2.87 per share, over the same time frame.
Some better-ranked asset managers include Cohen & Steers Inc. ( CNS ), SEI Investments Co. ( SEIC ) and AllianceBernstein Holding L.P. ( AB ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked asset managers include Cohen & Steers Inc. ( CNS ), SEI Investments Co. ( SEIC ) and AllianceBernstein Holding L.P. ( AB ). Notably, the company reported almost stable preliminary month-end assets under management (AUM) for Jul 2014. However, AUM was adversely impacted by negative foreign exchange and unfavorable market returns. | Some better-ranked asset managers include Cohen & Steers Inc. ( CNS ), SEI Investments Co. ( SEIC ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the company reported almost stable preliminary month-end assets under management (AUM) for Jul 2014. | Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the company reported almost stable preliminary month-end assets under management (AUM) for Jul 2014. However, AUM was adversely impacted by negative foreign exchange and unfavorable market returns. | Notably, the company reported almost stable preliminary month-end assets under management (AUM) for Jul 2014. However, AUM was adversely impacted by negative foreign exchange and unfavorable market returns. Some better-ranked asset managers include Cohen & Steers Inc. ( CNS ), SEI Investments Co. ( SEIC ) and AllianceBernstein Holding L.P. ( AB ). |
21876.0 | 2014-08-13 00:00:00 UTC | High-Yield Bonds: Call Waiting | AB | https://www.nasdaq.com/articles/high-yield-bonds-call-waiting-2014-08-13 | nan | nan | By AllianceBernstein :
By Ivan Rudolph-Shabinsky
High-yield bonds' attractive income has made them popular in today's low-rate environment. But market complacency has caused callable-bond investors to ignore a lurking risk: duration extension in a rising-rate scenario.
The vast majority of high-yield (also known as noninvestment-grade) bonds are callable. At any point after a predetermined number of years following a bond's issuance, the issuer can "call" it - meaning take the bond back from the investor before it matures. For example, a bond with a 10-year maturity is typically callable five years after issuance.
The "no call" period before the call date provides investors some protection by preventing an early call. And when issuers do call a bond, they typically pay investors a premium above the face value, which provides further insulation. But investors often overlook an important risk: the chance that a bond won't be called, especially when interest rates rise.
Issuers Hold the Upper Hand
Historically, high-yield callable bonds' yield advantage over government bonds provided a cushion against rising rates. But with this yield advantage diminished today, that cushion is not as large. At the same time, rising interest rates often dictate the decision an issuer makes with its callable bonds ( Display ).
If rates and yields rise enough, issuers will likely choose to not call their bonds until a later call date or simply wait until the maturity date to refinance. Investors could be left holding on to bonds they didn't plan to own so long - bonds now trading at lower prices due to rising yields. And if the bond isn't called, investors can't reinvest the proceeds in newer bonds with higher yields. This is known as extension risk.
Of course, if interest rates are lower, issuers have an incentive to call bonds and issue new ones that pay lower coupon income. This cuts issuers' interest expenses but lowers the returns for investors. There's a good chance that a bond will be called if it's trading at a price higher than its call price (for example, a bond callable at $103 but trading at $105).
Sometimes issuers will call a bond even if rates aren't lower, to maintain financial flexibility. They can refinance when there's demand from investors, and they don't have to risk waiting until the maturity date, when market sentiment may be much worse. Issuers will only postpone a call and let the bonds extend if rates rise enough to overcome their need for flexibility in financing.
Unfortunately, it seems the market isn't properly pricing extension scenarios into callable bonds. Because we've seen a long string of interest-rate declines since the high-yield market was developed, we haven't experienced prolonged rising-rate scenarios. The result is complacency about extension risk.
Managing Extension Risk
We think that investors should focus on high-yield strategies that work to minimize extension risk. This can be accomplished through the use of derivatives such as credit default swaps (which aren't callable) or by carefully studying bond prices, call features and maturity dates - and knowing when to avoid bonds that don't provide enough risk compensation.
High yield may still be the best answer to today's low-yield environment, but fully understanding extension risk and how it factors into callable bonds can reduce the chances of an unpleasant surprise for investors if rates rise.
The views expressed herein do not constitute research,investment adviceor trade recommendations and do not necessarily represent the views of all AllianceBernstein portfolio-management teams.
Ivan Rudolph-Shabinsky is a Portfolio Manager of Credit at AllianceBernstein ( AB ).
See also Food For Thought: Diving Into Key Sales Trend on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By AllianceBernstein : By Ivan Rudolph-Shabinsky High-yield bonds' attractive income has made them popular in today's low-rate environment. High yield may still be the best answer to today's low-yield environment, but fully understanding extension risk and how it factors into callable bonds can reduce the chances of an unpleasant surprise for investors if rates rise. But market complacency has caused callable-bond investors to ignore a lurking risk: duration extension in a rising-rate scenario. | Issuers Hold the Upper Hand Historically, high-yield callable bonds' yield advantage over government bonds provided a cushion against rising rates. There's a good chance that a bond will be called if it's trading at a price higher than its call price (for example, a bond callable at $103 but trading at $105). Unfortunately, it seems the market isn't properly pricing extension scenarios into callable bonds. | There's a good chance that a bond will be called if it's trading at a price higher than its call price (for example, a bond callable at $103 but trading at $105). This can be accomplished through the use of derivatives such as credit default swaps (which aren't callable) or by carefully studying bond prices, call features and maturity dates - and knowing when to avoid bonds that don't provide enough risk compensation. By AllianceBernstein : By Ivan Rudolph-Shabinsky High-yield bonds' attractive income has made them popular in today's low-rate environment. | Unfortunately, it seems the market isn't properly pricing extension scenarios into callable bonds. By AllianceBernstein : By Ivan Rudolph-Shabinsky High-yield bonds' attractive income has made them popular in today's low-rate environment. But market complacency has caused callable-bond investors to ignore a lurking risk: duration extension in a rising-rate scenario. |
21877.0 | 2014-08-12 00:00:00 UTC | Franklin July AUM Descends, Equity & Hybrid Assets Down - Analyst Blog | AB | https://www.nasdaq.com/articles/franklin-july-aum-descends-equity-hybrid-assets-down-analyst-blog-2014-08-12 | nan | nan | Franklin Resources Inc. ( BEN ) declared preliminary assets under management (AUM) of $907.9 billion by its subsidiaries for Jul 2014. The company's results exhibited a decline of 1.4% from $920.5 billion as of Jun 30, 2014. However, it surged 8.8% from $834.1 billion as of Jul 31, 2013.
Month-end total equity assets came in at $380 billion for Franklin, down 2.1% from the prior month while it climbed 15.5% on a year-over-year basis. Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S.
Total fixed income assets were $361.4 billion, down slightly from the prior month and about 1% from $364.4 billion as of Jul 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable.
Franklin recorded $160.1 billion in hybrid assets, which declined 1.5% from $162.5 billion in the prior month but jumped 19.1% from $134.4 billion in the prior-year month.
Cash management funds were reported at $6.4 billion, in line with the prior month as well as the prior-year month.
Quarterly Performance
On a quarterly basis, as of Jun 30, 2014, total AUM was $920.5 billion, up from $815.0 billion as of Jun 30, 2013, driven by market appreciation of $116.9 billion, partially offset by $7.2 billion of net new outflows. Simple monthly average AUM of $902.8 billion during the quarter climbed 8% year over year. Notably, net new inflows of $2.6 billion were recorded in the quarter.
Our Viewpoint
Franklin's global footprint is a favorable strategic point as its AUM is well diversified. The company is also poised to benefit from its strong balance sheet. However, regulatory restrictions and sluggish economic growth could mar AUM improvement and alleviate costs.
Franklin currently carries a Zacks Rank #3 (Hold). However, a better performing company in the same industry with a Zacks Rank #1 (Strong Buy) is AllianceBernstein Holding L.P. ( AB ).
Among other asset managers, Invesco Ltd. ( IVZ ) reported a slight fall in preliminary month-end AUM for Jul 2014. The AUM for the month was $798.8 billion, down 0.4% from $802.4 billion at the end of Jun 2014.
Legg Mason Inc. ( LM ) is expected to release preliminary AUM for Jul 2014 later this week.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S. Total fixed income assets were $361.4 billion, down slightly from the prior month and about 1% from $364.4 billion as of Jul 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. | Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S. Total fixed income assets were $361.4 billion, down slightly from the prior month and about 1% from $364.4 billion as of Jul 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. | Click to get this free report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S. Total fixed income assets were $361.4 billion, down slightly from the prior month and about 1% from $364.4 billion as of Jul 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. | Of the total equity assets, around 71% were from international sources, while the remaining 29% were from the U.S. Total fixed income assets were $361.4 billion, down slightly from the prior month and about 1% from $364.4 billion as of Jul 31, 2013. Overall, tax-free assets accounted for only 20% of the fixed income assets, while the remaining 80% were taxable. Notably, net new inflows of $2.6 billion were recorded in the quarter. |
21878.0 | 2014-08-12 00:00:00 UTC | Invesco's (IVZ) July AUM Inches Down, Hit by Negative Forex - Analyst Blog | AB | https://www.nasdaq.com/articles/invescos-ivz-july-aum-inches-down-hit-by-negative-forex-analyst-blog-2014-08-12 | nan | nan | Invesco Ltd. ( IVZ ) reported a fall in preliminary month-end assets under management (AUM) for Jul 2014. The AUM for the month was $798.8 billion, marginally down from $802.4 billion at the end of Jun 2014.
During the month, positive net long-term flows were more than offset by negative foreign exchange, unfavorable market returns and a decline in money market AUM. Foreign exchange led to a $2.6 billion drop in AUM. In July, Invesco's preliminary average total AUM was recorded at $803.1 billion and preliminary average active AUM was at $656.1 billion.
At July end, Invesco's total equity AUM declined 0.6% from the prior month to $391.8 billion. Further, balanced AUM was $52.2 billion, down 0.8% from $52.6 billion at the end of Jun 2014.
Invesco's fixed income AUM edged down 0.5% from the prior month to $181.0 billion. However, alternative AUM came in at $97.5 billion, inching up 0.9% from the previous month. The company's money market AUM declined 1% from Jun 2014 level to $76.3 billion.
Among other investment managers, Franklin Resources Inc. ( BEN ) announced preliminary AUM of $907.9 billion by its subsidiaries for Jul 2014, marking a 1.4% decline from $920.5 billion as of Jun 2014.
The company's high debt level and rising expenses remain matters of concern. However, rebound in the equity market and improvement in global investment flows is expected to act as positive catalysts.
Currently, Invesco carries a Zacks Rank #2 (Buy). Two better-ranked asset managers include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ), both sporting a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Two better-ranked asset managers include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ), both sporting a Zacks Rank #1 (Strong Buy). During the month, positive net long-term flows were more than offset by negative foreign exchange, unfavorable market returns and a decline in money market AUM. Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. During the month, positive net long-term flows were more than offset by negative foreign exchange, unfavorable market returns and a decline in money market AUM. Two better-ranked asset managers include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ), both sporting a Zacks Rank #1 (Strong Buy). | Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. During the month, positive net long-term flows were more than offset by negative foreign exchange, unfavorable market returns and a decline in money market AUM. Two better-ranked asset managers include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ), both sporting a Zacks Rank #1 (Strong Buy). | During the month, positive net long-term flows were more than offset by negative foreign exchange, unfavorable market returns and a decline in money market AUM. Two better-ranked asset managers include Cohen & Steers Inc. ( CNS ) and AllianceBernstein Holding L.P. ( AB ), both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. |
21879.0 | 2014-08-12 00:00:00 UTC | Blackstone Buys Alliance Automotive from Weinberg for ???440M - Analyst Blog | AB | https://www.nasdaq.com/articles/blackstone-buys-alliance-automotive-from-weinberg-for-440m-analyst-blog-2014-08-12 | nan | nan | The Blackstone Group L.P. ( BX ) yesterday announced the purchase of Alliance Automotive Group, the wholesale distributor of automotive parts in France and the UK, from the French firm Weinberg Capital Partners.
Blackstone did not divulge any financial terms of the agreement. However, according to persons familiar with the deal, the company shelled out around €440 million for acquiring the auto parts dealer.
Weinberg had initially bought Alliance in 2006. Under Weinberg, Alliance focused intently on inorganic expansion, thereby successfully completing more than 30 acquisitions including Précisium Group and TPA. Consequently, Alliance's revenues soared to €1.2 billion in 2013 from €540 million in 2006.
Alliance functions under various brands such as Groupauto France, Groupauto UK, Partners, Gef'Auto and Précisium. Moreover, the firm uses its own subsidiaries and independent retailers for auto parts buying and distribution and employs 3,500 people across 1,500 outlets.
Further, as mentioned in Blackstone's statement, Alliance issued a €185 million private bond in last November, syndicated to a small group of institutional investors.
Blackstone's Benefits from the Deal
With this deal, Blackstone hopes to further enhance Alliance's expertise, given the latter's successful track record of organic as well as external growth strategies, which has made it a leading auto parts operator in the European market.
This is Blackstone's second investment in Europe after it acquired 20% stake of the Italian fashion house Gianni Versace SpA for around $287 million in February this year. These investment activities by Blackstone in the recovering European market will likely be accretive for the company going forward.
Benefits for Alliance Automotive
Alliance is well positioned to take advantage of Blackstone's international footprint to further accelerate its growth. Moreover, the reviving automotive market in Europe will further support the company's in-place development policies.
Our Take
Blackstone is making investments in the European market which is showing signs of recovery after a long period of sluggish growth. This could turn out to be favorable for the company in the future. However, whether the European car market is able to sustain its recent growth story is yet to be seen.
Currently, Blackstone carries a Zacks Rank #2 (Buy). Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). All these stocks hold a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This could turn out to be favorable for the company in the future. However, whether the European car market is able to sustain its recent growth story is yet to be seen. Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). | Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. This could turn out to be favorable for the company in the future. | Click to get this free report BLACKSTONE GRP (BX): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. This could turn out to be favorable for the company in the future. However, whether the European car market is able to sustain its recent growth story is yet to be seen. | This could turn out to be favorable for the company in the future. However, whether the European car market is able to sustain its recent growth story is yet to be seen. Some better-ranked finance stocks include AllianceBernstein Holding L.P. ( AB ), Cohen & Steers Inc. ( CNS ) and SEI Investments Co. ( SEIC ). |
21880.0 | 2014-08-08 00:00:00 UTC | Fifth Third Settles Mortgage Loan Related Charges for $1.5M - Analyst Blog | AB | https://www.nasdaq.com/articles/fifth-third-settles-mortgage-loan-related-charges-for-%241.5m-analyst-blog-2014-08-08 | nan | nan | Fifth Third Bancorp 's ( FITB ) mortgage unit has reached over $1.5 million settlement with the U.S. Department of Justice to resolve charges of discrimination against some loan applicants on the basis of disability and receipt of public assistance. The settlement was filed with the U.S. District Court in Macon and is subject to court approval.
It was alleged that Fifth Third's mortgage unit insisted that the mortgage loan applicants should provide letters from their doctors in order to document the income they obtained from Social Security Disability Insurance. This practice of discrimination led to violation of the Fair Housing Act ('FHA') and the Equal Credit Opportunity Act ('ECOA').
According to the Justice department, Fifth Third fully cooperated with the department's inquiry into its lending practices. The company's settlement amount will compensate the eligible mortgage loan applicants. Further, the company will improve its policies, undertake training of its underwriters and loan officers, and ensure that loan applicants with disability are not asked for letters from their doctors.
Fifth Third currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the finance sector include AllianceBernstein Holding L.P. ( AB ), Piper Jaffray Companies ( PJC ) and Cohen & Steers Inc. ( CNS ). All these sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fifth Third Bancorp 's ( FITB ) mortgage unit has reached over $1.5 million settlement with the U.S. Department of Justice to resolve charges of discrimination against some loan applicants on the basis of disability and receipt of public assistance. Some better-ranked stocks in the finance sector include AllianceBernstein Holding L.P. ( AB ), Piper Jaffray Companies ( PJC ) and Cohen & Steers Inc. ( CNS ). It was alleged that Fifth Third's mortgage unit insisted that the mortgage loan applicants should provide letters from their doctors in order to document the income they obtained from Social Security Disability Insurance. | Some better-ranked stocks in the finance sector include AllianceBernstein Holding L.P. ( AB ), Piper Jaffray Companies ( PJC ) and Cohen & Steers Inc. ( CNS ). Click to get this free report FIFTH THIRD BK (FITB): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. Fifth Third Bancorp 's ( FITB ) mortgage unit has reached over $1.5 million settlement with the U.S. Department of Justice to resolve charges of discrimination against some loan applicants on the basis of disability and receipt of public assistance. | Fifth Third Bancorp 's ( FITB ) mortgage unit has reached over $1.5 million settlement with the U.S. Department of Justice to resolve charges of discrimination against some loan applicants on the basis of disability and receipt of public assistance. Click to get this free report FIFTH THIRD BK (FITB): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report COHEN&STRS INC (CNS): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. It was alleged that Fifth Third's mortgage unit insisted that the mortgage loan applicants should provide letters from their doctors in order to document the income they obtained from Social Security Disability Insurance. | Fifth Third Bancorp 's ( FITB ) mortgage unit has reached over $1.5 million settlement with the U.S. Department of Justice to resolve charges of discrimination against some loan applicants on the basis of disability and receipt of public assistance. It was alleged that Fifth Third's mortgage unit insisted that the mortgage loan applicants should provide letters from their doctors in order to document the income they obtained from Social Security Disability Insurance. Further, the company will improve its policies, undertake training of its underwriters and loan officers, and ensure that loan applicants with disability are not asked for letters from their doctors. |
21881.0 | 2014-08-07 00:00:00 UTC | Zacks Rank #1 Additions for Thursday - Tale of the Tape | AB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-thursday-tale-of-the-tape-2014-08-07 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
AllianceBernstein Holding LP ( AB )
AMN Healthcare Services, Inc. ( AHS )
Babcock & Wilcox Co ( BWC )
Bruker Corporation ( BRKR )
Capital One Financial Corp. ( COF )
View the entire Zacks Rank #1 List .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) AMN Healthcare Services, Inc. ( AHS ) Babcock & Wilcox Co ( BWC ) Bruker Corporation ( BRKR ) Capital One Financial Corp. ( COF ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BABCOCK&WILCOX (BWC): Free Stock Analysis Report BRUKER CORP (BRKR): Free Stock Analysis Report CAPITAL ONE FIN (COF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) AMN Healthcare Services, Inc. ( AHS ) Babcock & Wilcox Co ( BWC ) Bruker Corporation ( BRKR ) Capital One Financial Corp. ( COF ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BABCOCK&WILCOX (BWC): Free Stock Analysis Report BRUKER CORP (BRKR): Free Stock Analysis Report CAPITAL ONE FIN (COF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) AMN Healthcare Services, Inc. ( AHS ) Babcock & Wilcox Co ( BWC ) Bruker Corporation ( BRKR ) Capital One Financial Corp. ( COF ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BABCOCK&WILCOX (BWC): Free Stock Analysis Report BRUKER CORP (BRKR): Free Stock Analysis Report CAPITAL ONE FIN (COF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) AMN Healthcare Services, Inc. ( AHS ) Babcock & Wilcox Co ( BWC ) Bruker Corporation ( BRKR ) Capital One Financial Corp. ( COF ) View the entire Zacks Rank #1 List . Click to get this free report ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BABCOCK&WILCOX (BWC): Free Stock Analysis Report BRUKER CORP (BRKR): Free Stock Analysis Report CAPITAL ONE FIN (COF): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. |
21882.0 | 2014-08-07 00:00:00 UTC | American Capital (ACAS) Q2 Earnings Miss on Dismal Revenues - Analyst Blog | AB | https://www.nasdaq.com/articles/american-capital-acas-q2-earnings-miss-on-dismal-revenues-analyst-blog-2014-08-07 | nan | nan | Private equity firm and global asset manager, American Capital, Ltd. ( ACAS ) reported second-quarter 2014 net operating income per share of 9 cents, significantly lagging the Zacks Consensus Estimate of 20 cents. Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents.
Results were impacted by a disappointing top-line performance, partially offset by lower expenses. However, new investments and realization from portfolios were the positives.
Net operating income for the quarter came in at $26 million, down 47% year over year. Net earnings stood at $212 million or 76 cents per share, compared with $21 million or 7 cents per share in the prior-year quarter.
American Capital, Ltd - Earnings Surprise | FindTheBest
Quarter in Detail
Total operating revenue was $100 million in the quarter, down 23% from the prior-year quarter. The decline was primarily due to lower interest and dividend income, partially offset by higher fee income. Also, operating revenue lagged the Zacks Consensus Estimate of $115 million.
Total interest and dividend income was $83 million, down 35% year over year. However, fee income increased 42% year over year to $17 million.
Operating expenses declined 9% year over year to $59 million. The fall in expenses was primarily due to lower salaries, benefits and stock-based compensation as well as decreases in general and administrative expenses.
American Capital's asset coverage ratio increased to 593% in the quarter from 528% in the prior quarter. The company made new investments of $813 million during the quarter while strengthening its balance sheet. Moreover, the company recorded $408 million of cash proceeds from the realization of portfolio investments.
As of Jun 30, 2014, non-accrual loans were $299 million, representing 7.5% of total loans at fair value, down from $315 million and 9.7% as of Mar 31, 2014. Net asset value (NAV) per share came in at $21.12, up 17% or 83 cents per share (annualized) from $19.29 as of Mar 31, 2014. The weighted average effective interest rate on the company's debt investments as of Jun 30, 2014 was 7.8%, down from 9.1% at the end of the prior quarter.
Given the company's current performance track, management intends to separate investments from the asset management business. Such a proposal is expected to be put forward to the board of directors in fourth-quarter 2014.
Our Viewpoint
In spite of the volatile capital markets affecting valuations of the investment portfolio in the quarter, the overall underlying performance of American Capital's portfolio companies continue to remain positive. Also, we are encouraged by the company's continued efforts in balance sheet repositioning.
Further, during the quarter, American Capital obtained $750 million senior secured revolving credit facility, which enhances the company's financial flexibility to invest in senior secured floating rate loans. This is expected to boost net operating income in the upcoming quarters, if utilized properly.
Though the improved portfolio performance is expected to continue with the economic recovery, we believe the low interest rate environment and global cues will act as headwinds in the upcoming quarters.
Currently, American Capital carries a Zacks Rank #4 (Sell). Some better-ranked companies in the finance sector include AllianceBernstein Holding L.P. ( AB ), Capital One Financial Corporation ( COF ) and Piper Jaffray Companies ( PJC ). All these companies carry a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents. Some better-ranked companies in the finance sector include AllianceBernstein Holding L.P. ( AB ), Capital One Financial Corporation ( COF ) and Piper Jaffray Companies ( PJC ). Click to get this free report CAPITAL ONE FIN (COF): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report CAPITAL ONE FIN (COF): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents. Some better-ranked companies in the finance sector include AllianceBernstein Holding L.P. ( AB ), Capital One Financial Corporation ( COF ) and Piper Jaffray Companies ( PJC ). | Click to get this free report CAPITAL ONE FIN (COF): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents. Some better-ranked companies in the finance sector include AllianceBernstein Holding L.P. ( AB ), Capital One Financial Corporation ( COF ) and Piper Jaffray Companies ( PJC ). | Moreover, results compared unfavorably with the prior-quarter earnings of 16 cents. Some better-ranked companies in the finance sector include AllianceBernstein Holding L.P. ( AB ), Capital One Financial Corporation ( COF ) and Piper Jaffray Companies ( PJC ). Click to get this free report CAPITAL ONE FIN (COF): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report PIPER JAFFRAY (PJC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21883.0 | 2014-05-07 00:00:00 UTC | Allianceberstein Holding L.P. (AB) Ex-Dividend Date Scheduled for May 08, 2014 | AB | https://www.nasdaq.com/articles/allianceberstein-holding-lp-ab-ex-dividend-date-scheduled-may-08-2014-2014-05-07 | nan | nan | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 08, 2014. A cash dividend payment of $0.39 per share is scheduled to be paid on May 22, 2014. Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -35% decrease from the prior quarter. At the current stock price of $24.44, the dividend yield is 6.38%.
The previous trading day's last sale of AB was $24.44, representing a -10.74% decrease from the 52 week high of $27.38 and a 30.21% increase over the 52 week low of $18.77.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). AB's current earnings per share, an indicator of a company's profitability, is $1.72. Zacks Investment Research reports AB's forecasted earnings growth in 2014 as .56%, compared to an industry average of 6.3%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). Zacks Investment Research reports AB's forecasted earnings growth in 2014 as .56%, compared to an industry average of 6.3%. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 08, 2014. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $24.44, representing a -10.74% decrease from the 52 week high of $27.38 and a 30.21% increase over the 52 week low of $18.77. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on May 08, 2014. Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. AB's current earnings per share, an indicator of a company's profitability, is $1.72. |
21884.0 | 2014-04-28 00:00:00 UTC | 4 Asset Managers for Earnings Beats - Earnings ESP | AB | https://www.nasdaq.com/articles/4-asset-managers-for-earnings-beats-earnings-esp-2014-04-28 | nan | nan | 4 Asset Managers for Earnings Beats
The overall market was volatile in the first quarter, but major U.S. equity indexes showed strength. The volatility stemmed from various issues including the Federal Reserve's tapering of fiscal stimulus, sluggish growth in emerging markets and the geopolitical tension that took place when Russian troops advanced towards Ukraine's Crimean Peninsula.
However, investors' confidence has been improving at a modest level and consequently the investment management industry is currently benefiting from the broader trend. The investment management industry currently holds a Zacks Industry Rank #35 out of more than 250 industries. This reflects that it stands out in the top 14%. As a result, we remain optimistic about the performance of asset managers this earnings season.
Further, the asset managers have been showing some encouraging trends in the last few quarters. These include growth in overall net inflows due to growing demand from investors as the industry exhibited stable returns over a long time frame. This may support asset managers' bottom line this time around.
On the other hand, investment managers are striving to launch technologically advanced products, alternative AUM products and expand business to attract new assets and clients. Moreover, the competitive environment and stringent regulatory landscape have led to a rise in expenses in the industry
However, we think the overall industry has advanced to a great extent. Given the positive sentiment in the first quarter, it's a good idea to bet on a few investment management stocks that are poised to beat earnings estimates this quarter. An earnings beat will raise investors' confidence in these stocks, leading to rapid price appreciation.
How to Single-Out?
Picking the right stocks from the investment management space isn't an easy task. One way to narrow down the list of choices is by looking at stocks that have the combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - and a positive Earnings ESP .
Earnings ESP is our proprietary methodology for identifying stocks that have the best chances of posting a positive surprise in the upcoming announcement. It shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate.
Our research shows that for stocks with this combination, a positive earnings surprise happens nearly 70% of the time .
The Chosen Ones
For investors seeking to apply this strategy to their portfolio, we have handpicked 4 investment management stocks that are poised to beat earnings estimates this quarter:
Affiliated Managers Group Inc.( AMG ) is a Zacks Rank #2 stock with an earnings ESP of +0.42%. The Zacks Consensus Estimate for the first quarter is $2.37 per share. In the past 30 days, estimates have inched up by 1.3%
Headquartered in Prides Crossing, Massachusetts Affiliated Managers is engaged in providing investment management services to mutual funds, institutional clients, and high net worth individuals across the U.S.
The company has registered an average earnings surprise of 9.1% in the trailing 4 quarters.
-- Affiliated Managers is scheduled to announce its first-quarter results on Apr 29.
The Carlyle Group LP ( CG ) is a Zacks Rank #3 stock with an earnings ESP of +4.08%. The Zacks Consensus Estimate for the first-quarter 2014 is 98 cents per share. In the past 30 days, estimates have risen by 46.3%.
Based in Washington, with additional offices across North America, Latin America, Asia, Africa, and Europe, Carlyle Group as an investment firm is engaged in direct and fund of fund investments.
The company has registered an average earnings surprise of 9.5% over the trailing 4 quarters.
-- Carlyle Groupis scheduled to announce its first-quarter results on Apr 30.
AllianceBernstein Holding L.P. ( AB ) has a Zacks Rank #3 along with an earnings ESP of +2.44%. The Zacks Consensus Estimate for the first quarter is pegged at 41 cents per share.
New York based AllianceBernstein offers investment management and associated services in the United States as well as globally.
The company has registered an average earnings surprise of 15.3% in the past 4 quarters.
-- AllianceBernsteinis scheduled to announce its first-quarter 2014 results on Apr 30.
Legg Mason Inc. ( LM ) has a Zacks Rank #3 along with an earnings ESP of +1.12%. The Zacks Consensus Estimate for the fiscal fourth-quarter 2014 stands at 89 cents per share.
Baltimore, Maryland based Legg Mason through its subsidiaries offers investment management and associated services to institutional and retail clients, company-sponsored mutual funds as well as other pooled investment vehicles.
-- Legg Masonis scheduled to announce its fiscal fourth quarter 2014 results on May 1.
The Road Ahead
Investment management stocks are expected to perform well in the upcoming quarters with the rebound of the equity markets and rising demand for personalized investment solutions. Further, even if the interest rate environment doesn't reverse, asset managers will not suffer like banks.
Moreover, high shareholder return is a bonus for these stocks as most of the asset managers return a major part of their earnings to shareholders in the form of dividends and share repurchases.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | These include growth in overall net inflows due to growing demand from investors as the industry exhibited stable returns over a long time frame. As a result, we remain optimistic about the performance of asset managers this earnings season. One way to narrow down the list of choices is by looking at stocks that have the combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - and a positive Earnings ESP . | Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report CARLYLE GROUP (CG): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. As a result, we remain optimistic about the performance of asset managers this earnings season. These include growth in overall net inflows due to growing demand from investors as the industry exhibited stable returns over a long time frame. | Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report AFFIL MANAGERS (AMG): Free Stock Analysis Report CARLYLE GROUP (CG): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. As a result, we remain optimistic about the performance of asset managers this earnings season. These include growth in overall net inflows due to growing demand from investors as the industry exhibited stable returns over a long time frame. | As a result, we remain optimistic about the performance of asset managers this earnings season. These include growth in overall net inflows due to growing demand from investors as the industry exhibited stable returns over a long time frame. One way to narrow down the list of choices is by looking at stocks that have the combination of a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - and a positive Earnings ESP . |
21885.0 | 2014-04-28 00:00:00 UTC | Can Waddell & Reed (WDR) Keep the Earnings Streak Alive? - Analyst Blog | AB | https://www.nasdaq.com/articles/can-waddell-reed-wdr-keep-the-earnings-streak-alive-analyst-blog-2014-04-28 | nan | nan | Waddell & Reed Financial, Inc. ( WDR ) is scheduled to report its first-quarter 2014 results on Tuesday, Apr 29, before the opening bell.
In the last quarter, Waddell & Reed delivered a 12.2% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. Moreover, the company recorded an earnings beat in all the 4 quarters of 2013, with an average surprise of 7.4%.
Will Waddell & Reed deliver a positive earnings surprise this season as well? Or will it disappoint? Let us see how things have shaping up for this announcement.
Factors to Influence Q1 Results
Though the overall market remained volatile during the quarter, major U.S. equity indices witnessed a rise that favorably impacted the investment management industry. We believe that Waddell & Reed has benefited from this favorable trend, with a likely rise in AUM.
Additionally, in consistence with the past trend, Waddell & Reed will expectedly generate strong inflows driven by rise in demand for advisory services and a robust AUM pipeline. This will, in turn, support its top-line growth with increased investment management fees.
However, the company's inability to lower expenses remains a major concern. Continuous enhancement of its distribution network will expectedly keep Waddell & Reed's underwriting and distribution expenses high. Further, compensation expenses will also likely continue to increase. So we do not expect the rise in expense to be reversed this quarter.
The activities of Waddell & Reed during the quarter were not enough to encourage analysts. As a result, the Zacks Consensus Estimate for the quarter remained unchanged at 85 cents per share over the last 7 days.
Earnings Whispers
Our proven model does not conclusively show that Waddell & Reed is likely to beat the Zacks Consensus Estimate in the first-quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or at least #2 (Buy) or #3 (Hold) for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: The Earnings ESP for Waddell & Reed is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 85 cents.
Zacks Rank: Though Waddell & Reed's Zacks Rank #2 increases the predictive power of ESP, we also need to have a positive ESP to be confident about an earnings beat.
Other Stocks to Consider
Here are a few asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming earnings releases:
AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. It is scheduled to report first-quarter results on Apr 30.
Lazard Ltd. ( LAZ ) has an earnings ESP of +1.82% and carries a Zacks Rank #1. It is slated to report first-quarter results on May 1.
The earnings ESP for Legg Mason Inc. ( LM ) is +1.12% and it has a Zacks Rank #3. It is scheduled to report fourth-quarter fiscal and full-year 2014 results on May 1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Factors to Influence Q1 Results Though the overall market remained volatile during the quarter, major U.S. equity indices witnessed a rise that favorably impacted the investment management industry. We believe that Waddell & Reed has benefited from this favorable trend, with a likely rise in AUM. However, the company's inability to lower expenses remains a major concern. | Zacks Rank: Though Waddell & Reed's Zacks Rank #2 increases the predictive power of ESP, we also need to have a positive ESP to be confident about an earnings beat. ALLIANCEBERNSTN (AB): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report WADDELL&REED -A (WDR): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Influence Q1 Results Though the overall market remained volatile during the quarter, major U.S. equity indices witnessed a rise that favorably impacted the investment management industry. | Zacks Rank: Though Waddell & Reed's Zacks Rank #2 increases the predictive power of ESP, we also need to have a positive ESP to be confident about an earnings beat. Other Stocks to Consider Here are a few asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming earnings releases: AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. ALLIANCEBERNSTN (AB): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report WADDELL&REED -A (WDR): Free Stock Analysis Report To read this article on Zacks.com click here. | Factors to Influence Q1 Results Though the overall market remained volatile during the quarter, major U.S. equity indices witnessed a rise that favorably impacted the investment management industry. We believe that Waddell & Reed has benefited from this favorable trend, with a likely rise in AUM. However, the company's inability to lower expenses remains a major concern. |
21886.0 | 2014-04-25 00:00:00 UTC | Can Ameriprise (AMP) Keep the Earnings Streak Alive? - Analyst Blog | AB | https://www.nasdaq.com/articles/can-ameriprise-amp-keep-the-earnings-streak-alive-analyst-blog-2014-04-25 | nan | nan | Ameriprise Financial, Inc. ( AMP ) is scheduled to release first-quarter 2014 results Monday, Apr 28, after market close.
In the last quarter, Ameriprise delivered a 2.8% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. Moreover, the company reported earnings beats in all four quarters of 2013, with an average surprise of 4.7%.
Can Ameriprise maintain its earnings streak this quarter? Or will it disappoint? Let us see how things are shaping up for this announcement.
Factors to Impact Q1 Results
The overall market scenario remained sluggish and the interest rate environment did not reverse in the quarter. Nevertheless, as Ameriprise mainly deals with asset management and advisory business, the low rate environment should not have any significant impact on the company's top-line growth. It derives more than 60% of its revenues (as of 2013) from fees.
Further, the overall equity market remained strong, though the pace of improvement somewhat slackened this quarter. So re-engagement of retail clients is likely to lose pace this quarter, but strong AUM pipeline as well as continued rise in demand for advisory services should more than offset the negatives.
On the other hand, the company's aggressive marketing strategy will continue to keep distribution expenses high. Further, Ameriprise continues to recruit experienced advisors that will expectedly increase compensation expenses. So we don't expect the rising expense trend to reverse this quarter.
Ameriprise failed to impress analysts with its level of activities during the quarter. The Zacks Consensus Estimate for the quarter remained unchanged at $1.87 per share over the last 7 days.
Earnings Whispers
Our proven model does not conclusively show that Ameriprise is likely to beat the Zacks Consensus Estimate in the first quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #3 (Hold) or better for this to happen. Unfortunately, this is not the case here as you can see below.
Zacks ESP: The Earnings ESP for Ameriprise is -1.07%. This is because the Most Accurate estimate stands at $1.85 while the Zacks Consensus Estimate is higher, at $1.87.
Zacks Rank: Ameriprise's Zacks Rank #3 increases the predictive power of ESP. However, we also need to have a positive ESP to be confident of an earnings surprise call.
Stocks That Warrant a Look
Here are a few asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. It is scheduled to report results on Apr 30.
Legg Mason, Inc. ( LM ) has an earnings ESP of +1.12% and carries a Zacks Rank #3. It is scheduled to report fiscal fourth-quarter and full-year 2014 results on May 1.
The earnings ESP for Lazard Ltd. ( LAZ ) is +1.82% and it carries a Zacks Rank #1 (Strong Buy). It is scheduled to report results on May 1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, Ameriprise delivered a 2.8% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. In the last quarter, Ameriprise delivered a 2.8% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. In the last quarter, Ameriprise delivered a 2.8% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. | AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3. ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIPRISE FINL (AMP): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, Ameriprise delivered a 2.8% positive earnings surprise on the back of higher revenues and strong assets under management (AUM) growth. |
21887.0 | 2014-04-25 00:00:00 UTC | Will Franklin Resources (BEN) Surprise on Earnings? - Analyst Blog | AB | https://www.nasdaq.com/articles/will-franklin-resources-ben-surprise-on-earnings-analyst-blog-2014-04-25 | nan | nan | Franklin Resources Inc. ( BEN ) is scheduled to report its fiscal second-quarter 2014 results on Monday, Apr 28, before the opening bell.
Franklin started fiscal 2014 on a positive note as it delivered a positive earnings surprise of 3.2% in the opening quarter. Results were aided by higher revenues and improved assets under management (AUM), partially offset by elevated operating expenses.
Will Franklin succeed to surprise in the upcoming release as well? Let's see how things have shaped up for this announcement.
Factors to Influence
Though overall market remained volatile during the quarter, major U.S. equity indexes witnessed an uptick that favorably impacted the investment management industry. Thus, we believe Franklin has benefit from this favorable trend.
Franklin's efforts to improve operating efficiency has resulted sequential and year-over-year growth in top-line in the prior quarter. We expect the upcoming results to show similar trend given the company's strength in investment management, and sales and distribution.
Further, the growth in AUM witnessed by the company during the quarter should significantly support its results. Though AUM fell in January, the company reported growth in February and March.
On the other hand, the company's inability to reduce expenses is a major concern. The past couple of quarters has witnessed rising expenses. We don't expect this trend to reverse this time as well. Particularly, the company has not indicated anything related to its cost control initiatives during the quarter.
Activities of Franklin during the quarter were not enough to encourage analysts. As a result, the Zacks Consensus Estimate for the quarter remained stable at 90 cents per share over the last 7 days.
Earnings Whispers
Our proven model does not conclusively show that Franklin is likely to beat the Zacks Consensus Estimate in fiscal second-quarter 2014. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or at least #2 (Buy) or #3 (Hold) for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: The Earnings ESP for Franklin is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 96 cents.
Zacks Rank: Though Franklin's Zacks Rank #3 (Hold) increases the predictive power of ESP, we also need to have a positive ESP to be confident about an earnings beat.
Other Stocks to Consider
Here are a few stocks that you may want to consider at this point, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Lazard Ltd. ( LAZ ) has an earnings ESP of +1.82% and carries a Zacks Rank #1 (Strong Buy). It is expected to report its first-quarter results on May 1.
The earnings ESP for Legg Mason Inc. ( LM ) is +1.12% and it carries a Zacks Rank #3 (Hold). The company is scheduled to release its first-quarter results on May 1.
AllianceBernstein Holding L.P. ( AB ) has an earnings ESP of +2.44% and carries a Zacks Rank #3 (Hold). It is expected to report its first-quarter results on Apr 30.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Factors to Influence Though overall market remained volatile during the quarter, major U.S. equity indexes witnessed an uptick that favorably impacted the investment management industry. Thus, we believe Franklin has benefit from this favorable trend. On the other hand, the company's inability to reduce expenses is a major concern. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Influence Though overall market remained volatile during the quarter, major U.S. equity indexes witnessed an uptick that favorably impacted the investment management industry. Thus, we believe Franklin has benefit from this favorable trend. | Zacks Rank: Though Franklin's Zacks Rank #3 (Hold) increases the predictive power of ESP, we also need to have a positive ESP to be confident about an earnings beat. ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Influence Though overall market remained volatile during the quarter, major U.S. equity indexes witnessed an uptick that favorably impacted the investment management industry. | Factors to Influence Though overall market remained volatile during the quarter, major U.S. equity indexes witnessed an uptick that favorably impacted the investment management industry. Thus, we believe Franklin has benefit from this favorable trend. On the other hand, the company's inability to reduce expenses is a major concern. |
21888.0 | 2014-04-11 00:00:00 UTC | Legg Mason's March AUM Rises - Analyst Blog | AB | https://www.nasdaq.com/articles/legg-masons-march-aum-rises-analyst-blog-2014-04-11 | nan | nan | Baltimore-based Legg Mason Inc. ( LM ) reported a rise in its assets under management (AUM) as of Mar 31, 2014, as compared with the prior month. Preliminary month-end AUM came in at $701.8 billion, up 1.0% from the prior month.
The surge over the prior month mainly resulted from liquidity inflows and favorable markets, which included about $1.0 billion of positive foreign exchange. However, negative long-term outflows resulted from fixed income and slight equity outflows.
Legg Mason's equity AUM as of March-end marginally increased 0.3% over the prior month to $186.4 billion. Moreover, fixed income AUM increased 0.3% from the prior month to $365.2 billion.
The rise in fixed income as well as equity AUM resulted in long-term AUM of $551.6 billion. The figure marked a slight rise of 0.3% from the prior month. Liquid assets, which are convertible into cash, rose around 3.7% to $150.2 billion.
Among other investment managers, Invesco Ltd. ( IVZ ) announced a marginal dip of 0.5% over the prior month in its preliminary month-end AUM for Mar 2014, which came in at $787.3 billion. However, Franklin Resources Inc. ( BEN ) declared preliminary AUM of $886.9 billion by its subsidiaries for Mar 2014, which exhibited a 0.5% rise from $882.2 billion as of Feb 28, 2014.
Our Viewpoint
We believe that Legg Mason has the potential to outperform its peers in the long run, given its diversified product mix and leverage to the changing market demography. Moreover, a significant rebound in equity markets in the coming quarters would be a catalyst.
However, in the near term, asset outflows might remain a significant headwind. Nevertheless, owing to the company's restructuring initiatives and aggressive cost cuts, we expect operating efficiencies to improve and dividend payments to keep up investors' confidence in the stock.
Currently, Legg Mason carries a Zacks Rank #3 (Hold). A better-ranked asset manager worth consideration is AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The surge over the prior month mainly resulted from liquidity inflows and favorable markets, which included about $1.0 billion of positive foreign exchange. A better-ranked asset manager worth consideration is AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. The surge over the prior month mainly resulted from liquidity inflows and favorable markets, which included about $1.0 billion of positive foreign exchange. A better-ranked asset manager worth consideration is AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy). | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. The surge over the prior month mainly resulted from liquidity inflows and favorable markets, which included about $1.0 billion of positive foreign exchange. A better-ranked asset manager worth consideration is AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy). | The surge over the prior month mainly resulted from liquidity inflows and favorable markets, which included about $1.0 billion of positive foreign exchange. A better-ranked asset manager worth consideration is AllianceBernstein Holding L.P. ( AB ) with a Zacks Rank #1 (Strong Buy). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report To read this article on Zacks.com click here. |
21889.0 | 2014-04-10 00:00:00 UTC | Balanced View on Principal Financial - Analyst Blog | AB | https://www.nasdaq.com/articles/balanced-view-on-principal-financial-analyst-blog-2014-04-10 | nan | nan | Principal Financial Group Inc .'s ( PFG ) increased focus on fee-based businesses, driving an upsurge in the top line, continued to boost results at the company. About 63% of total operating earnings came from fee-based businesses in 2013. Moreover, a fee-based business model limits exposure to the interest rate environment.
Enhanced focus on fee-based revenues will also enable the company to return more to its shareholders. Principal Financial's capital deployment through share buybacks and dividend payment looks impressive, making it an attractive pick for yield-seeking investors.
With a fresh 8% approval in quarterly dividend affected recently, the company's dividend has increased more than 55% over the 2012 payout. It also expects to deploy $500-$700 million for quarterly dividends, strategic acquisitions and share buybacks as well as deleverage its balance sheet. Over the long term, Principal Financial estimates spending 65% to 70% of its net income in such activities.
After a long wait, Principal Financial was deregistered as a savings and loan holding company in December last year. This in turn has freed the company from supervision by the Federal Reserve Board as well as heightened its focus on providing investment management solutions.
In order to grow inorganically, management intends to utilize a significant portion of its operating earnings for merger and acquisitions. Given the strategic acquisitions that the company had undertaken, its inorganic growth story also looks attractive. However, lower-than-expected earnings accretion from the acquisitions might weigh on overall results.
The company's AUM shows a steadily increasing trend driven by better results at three asset management and asset accumulation segments. Principal Financial expects total AUM to grow at 15% CAGR from $302 billion in second-quarter 2013 to $650 billion in 2018.
However, low interest rates continue to weigh on the results of Principal Financial's net investment income.
The company's increasing debt level compounded with lower cash balance remains a concern.
With respect to earnings performance, Principal Financial delivered positive surprises in all of the last four quarters with an average beat of 5.75%.
Principal Financial carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some better-ranked investment managers worth reckoning are AllianceBernstein Holding L.P. ( AB ), Lazard Ltd . ( LAZ ) and Fortress Investment Group LLC ( FIG ). While AllianceBernstein Holding sports a Zacks Rank #1 (Strong Buy), Lazard and Fortress Investment carry a Zacks Rank #2 (Buy).
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
PRINCIPAL FINL (PFG): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | About 63% of total operating earnings came from fee-based businesses in 2013. Enhanced focus on fee-based revenues will also enable the company to return more to its shareholders. Other Stocks to Consider Some better-ranked investment managers worth reckoning are AllianceBernstein Holding L.P. ( AB ), Lazard Ltd . | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. About 63% of total operating earnings came from fee-based businesses in 2013. Enhanced focus on fee-based revenues will also enable the company to return more to its shareholders. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. About 63% of total operating earnings came from fee-based businesses in 2013. Enhanced focus on fee-based revenues will also enable the company to return more to its shareholders. | About 63% of total operating earnings came from fee-based businesses in 2013. Enhanced focus on fee-based revenues will also enable the company to return more to its shareholders. Other Stocks to Consider Some better-ranked investment managers worth reckoning are AllianceBernstein Holding L.P. ( AB ), Lazard Ltd . |
21890.0 | 2014-04-07 00:00:00 UTC | Balanced View on SEI Investments - Analyst Blog | AB | https://www.nasdaq.com/articles/balanced-view-on-sei-investments-analyst-blog-2014-04-07 | nan | nan | On April 2, 2014, we issued an updated research report on SEI Investments Co. ( SEIC ). The company's efficient capital deployment activities and robust asset inflows remain its key strengths. Moreover, SEI Investments reported better-than-expected fourth-quarter 2013 results.
Amid the sluggish economic scenario, SEI Investments has recorded a consistent rise in revenues over the last few years on the back of improvement in assets under management (AUM). With further improvement in the equity market, we believe that asset inflows will continue to support the company's top-line growth in the coming quarters.
Further, since 2011, SEI Investments has been regularly raising its semi-annual payouts twice a year. We believe the company is an attractive pick for yield-seeking investors, given the continuous dividend hikes and steady share repurchase activities.
Over the last 30 days, the Zacks Consensus Estimate for 2014 and 2015 remained unchanged at $1.68 per share and $1.92 per share respectively. SEI Investments now has a Zacks Rank #3 (Hold).
Nevertheless, we remain skeptical about SEI Investments' increased dependence on fee based revenues. Also, the company is highly exposed to regulatory changes, market fluctuations and volatility in foreign exchange rates, which tend to weigh on AUM growth.
Moreover, SEI Investment is faced with the challenge of rising expenses. Going forward, we believe that the expenses will remain at an elevated level as the company continues to build its operational infrastructure.
Stocks That Warrant a Look
Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Lazard Ltd. ( LAZ ) and Fortress Investment Group LLC ( FIG ). All these stocks sport a Zacks Rank #1 (Strong Buy).
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
SEI INVESTMENTS (SEIC): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Nevertheless, we remain skeptical about SEI Investments' increased dependence on fee based revenues. Stocks That Warrant a Look Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Lazard Ltd. ( LAZ ) and Fortress Investment Group LLC ( FIG ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks That Warrant a Look Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Lazard Ltd. ( LAZ ) and Fortress Investment Group LLC ( FIG ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, we remain skeptical about SEI Investments' increased dependence on fee based revenues. | Stocks That Warrant a Look Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Lazard Ltd. ( LAZ ) and Fortress Investment Group LLC ( FIG ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, we remain skeptical about SEI Investments' increased dependence on fee based revenues. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, we remain skeptical about SEI Investments' increased dependence on fee based revenues. Stocks That Warrant a Look Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Lazard Ltd. ( LAZ ) and Fortress Investment Group LLC ( FIG ). |
21891.0 | 2014-04-03 00:00:00 UTC | Lazard's Cost Containment Remains in Place - Analyst Blog | AB | https://www.nasdaq.com/articles/lazards-cost-containment-remains-in-place-analyst-blog-2014-04-03 | nan | nan | On April 1, 2014, we issued an updated research report on Lazard Ltd. ( LAZ ). The company's disciplined expense management as well as persistent rise in revenues remains the key positives. Moreover, the company reported better-than-expected fourth-quarter 2013 results.
In the present economic scenario wherein most of the companies are finding to difficult to mange expenses, Lazard has succeeded in pulling the reins on costs through successful implementation of cost savings plan. The company had announced cost savings of $125 million initially, which has now been extended to $160 million. Notably, Lazard has already realized two-third of targeted savings last year and now expects to achieve the remaining by 2014.
Moreover, in 2013, Lazard recorded a 12% year-over-year increase in assets under management. We expect the uptrend to continue in the coming quarters with further improvement in the equity market. Also, the company's capital deployment activities have been commendable. In Jan 2014, it hiked its dividend by 20% to 30 cents per share.
Additionally, Lazard's fourth-quarter earnings per share of 81 cents surpassed the Zacks Consensus Estimate by 35.0%. Strong results triggered an upward revision in the Zacks Consensus Estimate, as analysts turned more bullish on the stock's future performance.
While the Zacks Consensus Estimate for 2014 increased 6.0% to $2.65 per share, for 2015 it advanced 5.7% to $3.17 per share over the last 60 days. Lazard now sports a Zacks Rank #1 (Strong Buy).
However, we remain concerned about Lazard's diversified footprint, which subjects it to risks arising from tightening regulations, political tensions, foreign exchange rate fluctuations and performance of regional economy.
Stocks That Warrant a Look
Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Calamos Asset Management Inc. ( CLMS ) and Fortress Investment Group LLC ( FIG ). All these stocks have the same Zacks Rank as Lazard.
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
CALAMOS ASSET-A (CLMS): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, we remain concerned about Lazard's diversified footprint, which subjects it to risks arising from tightening regulations, political tensions, foreign exchange rate fluctuations and performance of regional economy. Notably, Lazard has already realized two-third of targeted savings last year and now expects to achieve the remaining by 2014. Also, the company's capital deployment activities have been commendable. | Stocks That Warrant a Look Other investment managers worth considering include AllianceBernstein Holding L.P. ( AB ), Calamos Asset Management Inc. ( CLMS ) and Fortress Investment Group LLC ( FIG ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Lazard has already realized two-third of targeted savings last year and now expects to achieve the remaining by 2014. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Lazard has already realized two-third of targeted savings last year and now expects to achieve the remaining by 2014. Also, the company's capital deployment activities have been commendable. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Lazard has already realized two-third of targeted savings last year and now expects to achieve the remaining by 2014. Also, the company's capital deployment activities have been commendable. |
21892.0 | 2014-03-27 00:00:00 UTC | Quest Diagnostics Inc. (DGX) in Focus: Stock Moves 5.6% Higher - Tale of the Tape | AB | https://www.nasdaq.com/articles/quest-diagnostics-inc.-dgx-in-focus%3A-stock-moves-5.6-higher-tale-of-the-tape-2014-03-27 | nan | nan | Quest Diagnostics Inc. ( DGX ) was a big mover last session, as the company saw its shares rise by roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 10% in the past one-month time frame.
This medical laboratories & research company has seen five positive negative revisions and four negaestimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Quest Diagnostics. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.
Quest Diagnostics has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the same industry include American Airlines Group Inc. ( AAL ), Advance Auto Parts Inc. ( AAP ) and AllianceBernstein Holding L.P. ( AB ). All these stocks hold a Zacks Rank #1 (Strong Buy).
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the same industry include American Airlines Group Inc. ( AAL ), Advance Auto Parts Inc. ( AAP ) and AllianceBernstein Holding L.P. ( AB ). This medical laboratories & research company has seen five positive negative revisions and four negaestimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Quest Diagnostics. Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report QUEST DIAGNOSTC (DGX): Free Stock Analysis Report To read this article on Zacks.com click here. | Some better-ranked stocks in the same industry include American Airlines Group Inc. ( AAL ), Advance Auto Parts Inc. ( AAP ) and AllianceBernstein Holding L.P. ( AB ). Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report QUEST DIAGNOSTC (DGX): Free Stock Analysis Report To read this article on Zacks.com click here. This medical laboratories & research company has seen five positive negative revisions and four negaestimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Quest Diagnostics. | This medical laboratories & research company has seen five positive negative revisions and four negaestimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Quest Diagnostics. Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report QUEST DIAGNOSTC (DGX): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same industry include American Airlines Group Inc. ( AAL ), Advance Auto Parts Inc. ( AAP ) and AllianceBernstein Holding L.P. ( AB ). | Some better-ranked stocks in the same industry include American Airlines Group Inc. ( AAL ), Advance Auto Parts Inc. ( AAP ) and AllianceBernstein Holding L.P. ( AB ). This medical laboratories & research company has seen five positive negative revisions and four negaestimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Quest Diagnostics. Click to get this free report >> AMER AIRLINES (AAL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALLIANCEBERNSTN (AB): Free Stock Analysis Report QUEST DIAGNOSTC (DGX): Free Stock Analysis Report To read this article on Zacks.com click here. |
21893.0 | 2014-03-27 00:00:00 UTC | Federated Investors Hits 52-Week High - Analyst Blog | AB | https://www.nasdaq.com/articles/federated-investors-hits-52-week-high-analyst-blog-2014-03-27 | nan | nan | Shares of Federated Investors, Inc. ( FII ) achieved a new 52-week high, touching $31.20 on Mar 26. The stock closed the session at $30.45, reflecting a solid year-to-date return of 8.7%. The trading volume for the session was 1.7 million shares.
Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock still has upside left, given the positive earnings surprises it delivered in the past two quarters. Further, the long-term expected earnings per share growth rate for this regional bank now stands at 8.0%
Growth Drivers
Recent acquisitions, global expansion and decent fourth-quarter results, including lower operating expenses and strong liquidity position, primarily drove the stock price.
On Mar 14, Federated Investors announced a deal to acquire fixed-income assets worth $421 million from Huntington Asset Advisors, Inc., an investment adviser subsidiary of The Huntington National Bank. The fixed-income assets of Huntington will be merged into five existing Federated fixed-income mutual funds.
On Jan 23, Federated Investors came out with fourth-quarter 2013 earnings of 39 cents per share, beating the Zacks Consensus Estimate by 8.3%.
Results were aided by a fairly liquid balance sheet, strong capital position, lower operating expenses and diversified asset as well as product mix.
However, a slight fall in assets under management and decline in the top line were the downsides. Moreover, net income including non-recurring items declined in the fourth quarter.
Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). All of these sport a Zacks Rank #1 (Strong Buy).
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
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FEDERATED INVST (FII): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock still has upside left, given the positive earnings surprises it delivered in the past two quarters. | Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Further, the long-term expected earnings per share growth rate for this regional bank now stands at 8.0% Growth Drivers Recent acquisitions, global expansion and decent fourth-quarter results, including lower operating expenses and strong liquidity position, primarily drove the stock price. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). Further, the long-term expected earnings per share growth rate for this regional bank now stands at 8.0% Growth Drivers Recent acquisitions, global expansion and decent fourth-quarter results, including lower operating expenses and strong liquidity position, primarily drove the stock price. | Some better-ranked stocks in this space include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report FEDERATED INVST (FII): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock still has upside left, given the positive earnings surprises it delivered in the past two quarters. |
21894.0 | 2014-03-26 00:00:00 UTC | T. Rowe Price Shows Stability in Fundamentals - Analyst Blog | AB | https://www.nasdaq.com/articles/t.-rowe-price-shows-stability-in-fundamentals-analyst-blog-2014-03-26 | nan | nan | On Mar 24, 2014, we issued an updated research report on T. Rowe Price Group Inc. ( TROW ). This investment management company recently reported impressive fourth-quarter 2013 results. Results were aided by top-line growth, a strong capital position and improved assets under management (AUM), partially offset by higher operating expenses. Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry.
T. Rowe Price reported fourth-quarter 2013 earnings of $1.06 per share, beating the Zacks Consensus Estimate by 1.92%. Net income was up 24% year over year to $287.7 million. In the final quarter, net revenue increased 18% to $929.8 million from $787.3 million in the year-ago period.
The company exhibited a decent performance in 2013 as evident from its earnings history. In 2013, the company posted positive earnings surprises in 3 of the 4 quarters with an average beat of 1.30%.
Organic growth remains a key strength at T. Rowe Price, as reflected by its revenue growth story. Net revenues grew at a CAGR of 8.3% over the last three years (2011-2013). We believe the company is well positioned to maintain this trend going forward.
T. Rowe Price is an attractive asset for yield-seeking investors due to its strong capital deployment activity. In Feb 2014, T. Rowe Price's board of directors approved a 16.0% hike in the company's quarterly common stock dividend. The revised quarterly dividend now stands at 44 cents per share. This marks T. Rowe Price's 28th consecutive annual dividend increase, reflecting the company's commitment to return value to shareholders.
Despite strong fundamentals, we believe there are certain issues that may create pressure on the company's financials in the near term. These include elevated operating expenses and cyclical and secular pressures in the asset management business.
For 2014, the Zacks Consensus Estimate over the past 60 days inched up 1.1% to $4.43 per share. Also, for 2015 it increased 1.6% to $4.94 per share, over the same time frame.
T. Rowe Price currently carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). All these 3 carry a Zacks Rank #1 (Strong Buy).
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
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T ROWE PRICE (TROW): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry. Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. | Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry. Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). | Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry. Key Picks from the Sector Some better ranked investment management companies include AllianceBernstein Holding L.P. ( AB ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). ALLIANCEBERNSTN (AB): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. |
21895.0 | 2014-03-14 00:00:00 UTC | Zacks Rank #1 Additions for Friday - Tale of the Tape | AB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-friday-tale-of-the-tape-2014-03-14 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
AllianceBernstein Holding LP ( AB )
Apollo Education Group Inc ( APOL )
Aratana Therapeutics Inc ( PETX )
Methanex Corporation ( MEOH )
Nidec Corporation ( NJ )
View the entire Zacks Rank #1 List .
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
APOLLO GROUP (APOL): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis Report
NIDEC CORP-ADR (NJ): Free Stock Analysis Report
ARATANA THERAP (PETX): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) Apollo Education Group Inc ( APOL ) Aratana Therapeutics Inc ( PETX ) Methanex Corporation ( MEOH ) Nidec Corporation ( NJ ) View the entire Zacks Rank #1 List . ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GROUP (APOL): Free Stock Analysis Report METHANEX CORP (MEOH): Free Stock Analysis Report NIDEC CORP-ADR (NJ): Free Stock Analysis Report ARATANA THERAP (PETX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) Apollo Education Group Inc ( APOL ) Aratana Therapeutics Inc ( PETX ) Methanex Corporation ( MEOH ) Nidec Corporation ( NJ ) View the entire Zacks Rank #1 List . ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GROUP (APOL): Free Stock Analysis Report METHANEX CORP (MEOH): Free Stock Analysis Report NIDEC CORP-ADR (NJ): Free Stock Analysis Report ARATANA THERAP (PETX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) Apollo Education Group Inc ( APOL ) Aratana Therapeutics Inc ( PETX ) Methanex Corporation ( MEOH ) Nidec Corporation ( NJ ) View the entire Zacks Rank #1 List . ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GROUP (APOL): Free Stock Analysis Report METHANEX CORP (MEOH): Free Stock Analysis Report NIDEC CORP-ADR (NJ): Free Stock Analysis Report ARATANA THERAP (PETX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AllianceBernstein Holding LP ( AB ) Apollo Education Group Inc ( APOL ) Aratana Therapeutics Inc ( PETX ) Methanex Corporation ( MEOH ) Nidec Corporation ( NJ ) View the entire Zacks Rank #1 List . ALLIANCEBERNSTN (AB): Free Stock Analysis Report APOLLO GROUP (APOL): Free Stock Analysis Report METHANEX CORP (MEOH): Free Stock Analysis Report NIDEC CORP-ADR (NJ): Free Stock Analysis Report ARATANA THERAP (PETX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21896.0 | 2014-03-14 00:00:00 UTC | AllianceBernstein: A Strong Buy - Analyst Blog | AB | https://www.nasdaq.com/articles/alliancebernstein%3A-a-strong-buy-analyst-blog-2014-03-14 | nan | nan | On Mar 14, Zacks Investment Research upgraded AllianceBernstein Holding, L.P. ( AB ) to a Zacks Rank #1 (Strong Buy). AllianceBernstein witnessed sharp upward estimate revisions after reporting solid fourth-quarter 2013 results on Feb 12, 2014.
Why the Upgrade?
AllianceBernstein fourth-quarter 2013 results clocked a positive earnings surprise of 39.5%. With this, the company delivered positive earnings surprises in all of the last four consecutive quarters with an average beat of 15.3%. Since the earnings release, shares of this financial investment manager has spiked 11% to close at $24.30 on Mar 13.
AllianceBernstein reported fourth-quarter net operating earnings per share of 60 cents, escalating 50% year over year. The number also breezed past the Zacks Consensus Estimate of 43 cents.
Bottom-line growth was largely attributable to higher revenues and lower expenses. Total revenue at AllianceBernstein also scaled heights during the fourth quarter. Top-line growth was driven by higher base and performance fees as well as improved Bernstein research services.
AllianceBernstein is witnessing operating synergies owing to better investment performance, expanded global business mix and innovative and strong growth initiatives. The company has a sturdy financial position which helps to fund the large scale growth measures.
It is also worth noting that AllianceBernstein has been witnessing solid activity on the earnings estimate front. For current year earnings, the Zacks Consensus Estimate has increased by 5.3% to $1.78 in the past 30 days, thanks to 4 upward revisions in the past one month compared to nil downward revisions. This estimate strength plays a key role in propelling AllianceBernstein to a Zacks Rank #1 (Strong Buy), suggesting that it is poised to outperform in the near term.
Other Insurers Worth a Look
Investors interested in the financial investment management industry may also consider some other top-ranked stocks like Calamos Asset management Inc. ( CLMS ), Fortress Investment Group LLC ( FIG ) and Lazard Ltd. ( LAZ ). All these stocks sport the same Zacks Rank as AllianceBernstein.
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
CALAMOS ASSET-A (CLMS): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Mar 14, Zacks Investment Research upgraded AllianceBernstein Holding, L.P. ( AB ) to a Zacks Rank #1 (Strong Buy). Bottom-line growth was largely attributable to higher revenues and lower expenses. ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. | On Mar 14, Zacks Investment Research upgraded AllianceBernstein Holding, L.P. ( AB ) to a Zacks Rank #1 (Strong Buy). ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Bottom-line growth was largely attributable to higher revenues and lower expenses. | On Mar 14, Zacks Investment Research upgraded AllianceBernstein Holding, L.P. ( AB ) to a Zacks Rank #1 (Strong Buy). ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. Bottom-line growth was largely attributable to higher revenues and lower expenses. | On Mar 14, Zacks Investment Research upgraded AllianceBernstein Holding, L.P. ( AB ) to a Zacks Rank #1 (Strong Buy). Bottom-line growth was largely attributable to higher revenues and lower expenses. ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. |
21897.0 | 2014-02-19 00:00:00 UTC | Allianceberstein Holding L.P. (AB) Ex-Dividend Date Scheduled for February 20, 2014 | AB | https://www.nasdaq.com/articles/allianceberstein-holding-lp-ab-ex-dividend-date-scheduled-february-20-2014-2014-02-19 | nan | nan | Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 20, 2014. A cash dividend payment of $0.6 per share is scheduled to be paid on March 13, 2014. Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 50% increase over the prior quarter.
The previous trading day's last sale of AB was $24.8, representing a -9.42% decrease from the 52 week high of $27.38 and a 32.13% increase over the 52 week low of $18.77.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). AB's current earnings per share, an indicator of a company's profitability, is $1.72. Zacks Investment Research reports AB's forecasted earnings growth in 2014 as -2.25%, compared to an industry average of 4.9%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and Franklin Resources, Inc. ( BEN ). Zacks Investment Research reports AB's forecasted earnings growth in 2014 as -2.25%, compared to an industry average of 4.9%. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 20, 2014. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $24.8, representing a -9.42% decrease from the 52 week high of $27.38 and a 32.13% increase over the 52 week low of $18.77. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB stock prior to the ex-dividend date are eligible for the cash dividend payment. Allianceberstein Holding L.P. ( AB ) will begin trading ex-dividend on February 20, 2014. The previous trading day's last sale of AB was $24.8, representing a -9.42% decrease from the 52 week high of $27.38 and a 32.13% increase over the 52 week low of $18.77. |
21898.0 | 2014-02-13 00:00:00 UTC | AllianceBernstein Holding (AB) Looks Good: Stock Adds 5.3% in Session - Tale of the Tape | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-looks-good%3A-stock-adds-5.3-in-session-tale-of-the-tape-2014 | nan | nan | AllianceBernstein Holding L.P. ( AB ) was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.07 to $22.98 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AllianceBernstein Holding currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Other better-ranked investment management stocks that are worth considering include Lazard Ltd. ( LAZ ), Fortress Investment Group LLC ( FIG ) and Calamos Asset Management Inc. ( CLMS ). All these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
CALAMOS ASSET-A (CLMS): Free Stock Analysis Report
FORTRESS INVEST (FIG): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. ( AB ) was a big mover last session, as the company saw its shares rise by over 5% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.07 to $22.98 in the past one-month time frame. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. | Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. ( AB ) was a big mover last session, as the company saw its shares rise by over 5% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.07 to $22.98 in the past one-month time frame. | Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. ( AB ) was a big mover last session, as the company saw its shares rise by over 5% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.07 to $22.98 in the past one-month time frame. | AllianceBernstein Holding L.P. ( AB ) was a big mover last session, as the company saw its shares rise by over 5% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.07 to $22.98 in the past one-month time frame. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> ALLIANCEBERNSTN (AB): Free Stock Analysis Report CALAMOS ASSET-A (CLMS): Free Stock Analysis Report FORTRESS INVEST (FIG): Free Stock Analysis Report LAZARD LTD (LAZ): Free Stock Analysis Report To read this article on Zacks.com click here. |
21899.0 | 2014-02-12 00:00:00 UTC | Sector Update: Financial Shares Stalled Pre-Market; Alliance Bernstein's Earnings Top Street Estimates | AB | https://www.nasdaq.com/articles/sector-update-financial-shares-stalled-pre-market-alliance-bernsteins-earnings-top-street | nan | nan | Top Financial Shares:
JPM: flat
BAC: flat
WFC: flat
C: +0.20%
USB: flat
Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap.
In financial stocks news, NewStar Financial, Inc. ( NEWS ), a specialized commercial finance company, today reported consolidated net income of $6.4 million, or $0.12 per diluted share for Q4 2013. The Street expected $0.15 per share in Q4 earnings.
And FirstService ( FSRV ) reported adjusted EPS was $0.97, up 26% from the prior year quarter. The Street called for $0.80 per share.
And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. The analyst consensus called for earnings of $0.43 per share, according to Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. USB: flat Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap. In financial stocks news, NewStar Financial, Inc. ( NEWS ), a specialized commercial finance company, today reported consolidated net income of $6.4 million, or $0.12 per diluted share for Q4 2013. | And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. USB: flat Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap. | And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. USB: flat Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap. Top Financial Shares: JPM: flat BAC: flat WFC: flat | USB: flat Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap. And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. Top Financial Shares: JPM: flat BAC: flat WFC: flat |
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