Keefe Bruyette: Quantitative Analysis Of S&P Weekly Financial Share Changes

Keefe Bruyette says, “After the close on Wed. 8/11, S&P announced weekly sharecount changes that will be effective after the close on Wed, 8/18. S&P is decreasing the sharecounts of Legg Mason Inc. LM in the S&P 500 Index and Fair Isaac Corp. FICO in the S&P 400 Index. S&P is increasing the sharecounts of RF Regions Financial Corp RF in the S&P 500 Index, Affiliated Managers Group AMG in the S&P 400 Index, and Mid-America Apartment Communities Inc. MAA in the S&P 600 Index.” “We estimate the amount of shares that need to be sold or bought by S&P index funds as a result of these sharecount adjustments,” the analysts add. More Analyst Ratings here