Asset Management
(FII) Federated Investors Incorporated Initiated as Neutral
We are initiating coverage on Federated Investors Inc. (FII) with a Neutral recommendation. The company’s fourth-quarter earnings of 51 cents per share missed the Zacks Consensus Estimate by a couple of pennies on money fee waivers and higher operating expenses. Results reflected...
8Feb2010 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Beats Estimates
Ameriprise Financial Inc.’s (AMP) fourth quarter core operating earnings per share of 91 cents were substantially ahead of the Zacks Consensus Estimate of 75 cents and 80 cents in the prior-year quarter. Core operating results exclude realized net investment gains/losses, non-recurring...
5Feb2010 | vitalstocks | 0 comments | Continued(BEN) Franklin Resources Benefits from New Assets
Franklin Resources Inc’s (BEN) first-quarter earnings of $1.54 per share were ahead of the Zacks Consensus Estimate of $1.47. Results were also ahead of the prior-year period’s earnings of 52 cents. The better-than-expected results reflected a greater inflow of cash in its...
30Jan2010 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group Price Results Improve
T. Rowe Price Group, Inc.’s (TROW) fourth quarter 2009 earnings of 57 cents per share came in ahead of the Zacks Consensus Estimate of 55 cents due to higher-than-expected top-line growth and higher assets under management (AUM). Earnings per share were drastically up from...
30Jan2010 | vitalstocks | 0 comments | Continued(IVZ) Invesco Limited Misses Consensus Estimates – Profit Swells
Invesco Limited’s (IVZ) fourth-quarter earnings came in at 25 cents per share, 3 cents short of the Zacks Consensus Estimate of 28 cents. However, this compares favorably with the earnings of 8 cents in the prior-year quarter. We noticed modest improvement of analysts’ sentiment...
30Jan2010 | vitalstocks | 0 comments | Continued(JNS) Janus Capital Beats The Street by a Penny
Janus Capital Group Inc.’s (JNS) fourth-quarter earnings per share came in at 20 cents, a penny higher than the Zacks Consensus Estimate of 19 cents, primarily due to higher average assets under management (AUM) and decreased operating and interest expenses. This also came...
29Jan2010 | vitalstocks | 0 comments | Continued(BLK) BlackRock Significantly Outperforms Expectations – Stock Drops
BlackRock’s (BLK) fourth quarter operating earnings per share of $2.39 significantly outperformed the Zacks Consensus Estimate of $2.12, earnings of $2.10 in the sequential quarter and 66 cents in the prior-year quarter. Results reflected robust operating income growth resulting...
27Jan2010 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group Buys 26% of Unit Trust of India Asset Management Company Ltd
On Jan 20, T. Rowe Price Group Inc. (TROW) announced the purchase of the 26% share of the Unit Trust of India Asset Management Company Ltd. (UTI AMC) and UTI Trustee Company Pvt. Ltd., for INR 6.5 billion or US$142.4 million. The deal was being mulled over by the management since...
25Jan2010 | vitalstocks | 0 comments | Continued(LM) Legg Mason’s Earnings Report Underperforms Expectations
Legg Mason’s (LM) third quarter earnings of 28 cents per share missed the Zacks Consensus Estimate of 31 cents per share as well as the 30 cents per share from the second quarter of 2010. However, year-over-year the earnings came in substantially ahead of the loss of $10.59...
21Jan2010 | vitalstocks | 0 comments | Continued($TROW) T. Rowe Price Group – Strong Momentum and Solid Quarterly Results
T. Rowe Price Group, Inc. (TROW) continues to outperform the market on strong fundamentals that include a return on equity (ROE) of 12.7% and a net profit margin of 17.5%. Company Description T. Rowe Price Group, Inc. is a global investment management organization that provides...
29Dec2009 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group – Shares Jump on Third Quarter Results
T. Rowe Price Group, Inc. (TROW) is outperforming the market on a rising Zacks Consensus Estimate. The company recently announced that it will buy a stake in Indian asset manager and mutual fund company UTI Asset Management. Company Description T. Rowe Price Group, Inc. is a...
3Dec2009 | vitalstocks | 0 comments | Continued(PFG) A.M. Best Affirms Principal Financial Group Ratings
Principal Financial Group Inc. (PFG) and its subsidiaries’ ratings have recently been affirmed by A.M. Best Company. The rating agency has affirmed Principal’s issuer credit ratings (ICR) of “a-” as well as the group’s existing debt ratings. Additionally, the...
30Nov2009 | vitalstocks | 0 comments | Continued(BX) Private Equity Investments: This Maligned Stock is a Solid Buy
by Louis Basenese, Small Cap and Special Situations Expert Friday, November 27, 2009: Issue #1146 If there’s one investment approach that always yields the headiest profits, it’s when you go against the crowd – and are proved right. Take oil, for example. Two summers...
29Nov2009 | InvestmentU | 0 comments | Continued(PFG) Principal Financial Group – Bull of the Day
We are upgrading our recommendation on the shares of Principal Financial (PFG) to Outperform. The company’s third quarter operating earnings were much ahead of the Zacks Consensus Estimate, driven primarily by the sequential improvement in domestic as well as global equity...
20Nov2009 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Inc. – Earnings Surprised by 63.49% in the Third Quarter
Ameriprise Financial Inc. (AMP) has seen revenue rise as the financial markets have rallied. The company has surprised on estimates 3 out of 4 quarters by an average of 50.73%. Ameriprise is trading with a forward P/E of 14.25. Company Description Ameriprise Financial manages...
19Nov2009 | vitalstocks | 0 comments | Continued(CNS) Overvalued Stocks: Don’t Touch These Bloated Investments With a 10-Foot Pole
by Marc Lichtenfeld, Healthcare Expert Wednesday, November 18, 2009: Issue #1140 To celebrate my parents’ anniversary, I took the family to see Grease last weekend. As musical theater buffs, I figured that they’d love the seeing the show, especially with my kids who had...
18Nov2009 | InvestmentU | 0 comments | Continued(IVZ) Two More Join Toxic Asset Program
The U.S. Treasury Department announced on Tuesday that two more large investment companies have fulfilled the necessary requirements and are ready to join the federal government’s toxic assets purchase program. The federal government initiated buying toxic assets from banks...
4Nov2009 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group – Shares Jump on Third Quarter Results
T. Rowe Price Group, Inc. (TROW) saw a nice spike after announcing third-quarter results. Earnings per share of 50 cents were below last year’s 56 cents but topped the Zacks Consensus Estimate by 9%. The company also reported a 16% increase in assets under management, totaling...
4Nov2009 | vitalstocks | 0 comments | Continued(PFG) Principal Financial Group Beats The Street
Principal Financial Group’s (PFG) third quarter earnings of 74 cents a share were ahead of the Zacks Consensus Estimate of 64 cents. This excludes net realized investment gains and losses. The company had earned 96 cents in the year-ago quarter. However, on a GAAP basis, the...
3Nov2009 | vitalstocks | 0 comments | Continued(BEN) Franklin Resources Quarterly Report is Well Ahead of Estimates
Franklin Resources Inc. (BEN) fourth-quarter earnings came in at $1.60 per share, ahead of the Zacks Consensus Estimate of $1.32 per share. Last year, the company had reported a profit of $1.28 per share. Results were positively impacted by an increase in its portfolio funds...
28Oct2009 | vitalstocks | 0 comments | Continued(FII) Federated Investors Looks Overseas for Expansion
Federated Investors Inc. (FII) is on a lookout for additional expansion after completion of last year’s acquisition, its main focus being international growth. In 2008, Federated acquired Clover Capital Management Inc. and the assets of the two Prudent Bear Funds and has almost...
27Oct2009 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Benefits from Higher Assets Under Management
T. Rowe Price (TROW) reported third quarter 2009 net income, applicable to common shareholders, of $132.4 million or 50 cents per share compared to a net income of $152.4 million or 56 cents per share in the prior-year quarter. Results were ahead of the Zacks Consensus Estimate...
27Oct2009 | vitalstocks | 0 comments | Continued(FII) Federated Investors Beats Tops Forecasts
Federated Investors Inc. (FII) reported third quarter 2009 net income applicable to common shareholders of $57.0 million or 56 cents per share compared to a net income of $53.3 million or 52 cents per share in the prior quarter and a net income of $56.2 million or 52 cents per...
26Oct2009 | vitalstocks | 0 comments | Continued(IVZ) Invesco Limited Surpasses Estimates by a Penny
Invesco Limited’s (IVZ) third quarter earnings came in at 24 cents per share, a penny ahead of the Zacks Consensus Estimate. However, this compares unfavorably with 33 cents in the prior-year quarter. The year-over-year decrease in earnings was due primarily to a 14.7% decline...
22Oct2009 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Surpasses Consensus Estimates Handsomely
Ameriprise Financial, Inc.’s (AMP) third quarter core operating earnings of $1.03 per share were substantially ahead of the Zacks Consensus Estimate of 63 cents. However, the earnings were down 8.8% from $1.13 per share in the prior-year quarter. Core operating results exclude...
22Oct2009 | vitalstocks | 0 comments | Continued(BLK) BlackRock, Incorporated – Easily Beats Estimates
BlackRock, Inc. (BLK) reported 3rd-quarter results after the bell on Oct 19 that were better than expected, sending shares to a new 52-week high and within striking distance of the all-time high at $250. Company Description BlackRock, Inc. is an investment and asset management...
21Oct2009 | vitalstocks | 0 comments | Continued(BLK) BlackRock, Inc. – Easily Beats Forecasts
BlackRock, Inc. (BLK) reported 3rd-quarter results after the bell on Oct 19 that were better than expected, sending shares to a new 52-week high and within striking distance of the all-time high at $250. Company Description BlackRock, Inc. is an investment and asset management...
21Oct2009 | vitalstocks | 0 comments | Continued(LM) Legg Mason, Inc. – Estimates Climb
Legg Mason, Inc. (LM) is surging ahead of its Q3 results set to be delivered on Oct 22, helped by rising estimates and a financial sector recovery. Company Description Legg Mason, Inc. operates as an asset management firm servicing both individual and institutional investors....
16Oct2009 | vitalstocks | 0 comments | Continued(EV) Eaton Vance Matches Expectations – sluggish fee income amid weak fund inflows
Asset manager Eaton Vance Corp. (EV) reported fiscal third-quarter net income of $31.2 million, a decline of 37% year-over-year as performance was affected by sluggish fee income amid weak fund inflows. Excluding a charge associated with an IPO, earnings per share came in at...
20Aug2009 | vitalstocks | 0 comments | Continued(PFG) Principal’s Winning Website – features for its Retirement Plan participants
Principal Financial Group’s (PFG) defined contribution plan sponsor website has been ranked first for three consecutive quarters by DALBAR. Additionally, Principal’s defined contribution plan participant site was ranked in DALBAR’s top 10. DALBAR is one of the nation’s...
20Aug2009 | vitalstocks | 0 comments | Continued