Asset Management & Custody Banks

Shares of Prospect Capital (NASDAQ: PSEC) are lower on the session by 4.27%, trading at $8.30. Overall call volume is now running at 5.51x the daily average, with 31% of all calls traded being purchases on the offer. 1,002 contracts have traded on the session so far. Prospect Capital Corporation...

Cohen & Steers, Inc. (NYSE: CNS) announced that its Board of Directors declared the company's regular quarterly cash dividend for the third quarter of 2011 in the amount of $0.15 per share of common stock. This dividend will be payable on September 28, 2011 to stockholders of record at the...

Penson Worldwide, Inc. (NASDAQ: PNSN) today named Bryce Engel as President and Chief Operating Officer, a new position. Mr. Engel, 39, who joined the Company in 2009, was most recently Executive Vice President, International Operations.

Penson Worldwide, Inc. (NASDAQ: PNSN) today announced it has begun implementing a series of strategic initiatives to reduce costs and debt, increase profitability and capital, better position the Company for growth, and enhance shareholder value. Generate an estimated $24 million of annualized...

Below are the top asset management stocks on the NASDAQ in terms of dividend yield. Prospect Capital Corporation (NASDAQ: PSEC) has a dividend yield of 12.70%. PSEC's shares closed at $9.27 yesterday. MCG Capital Corporation (NASDAQ: MCGC) has a dividend yield of 12.40%. MCGC's shares closed at $...

Shares of BlackRock (NYSE: BLK) are lower on the session by 2.23%, trading at $170.60. Overall call volume is now running at 2.56x the daily average, with 83% of all calls traded being purchases on the offer. 1,064 contracts have traded on the session so far. BlackRock, Inc. is an independent...

Keefe Bruyette & Woods has published a research report on Franklin Resources (NYSE: BEN) raising the price target. In the report, Keefe Bruyette & Woods wrote, "BEN reported fiscal 3Q11 ROCK of [$2.26, $2.26, $2.16, $2.12]. The company reported an operating beat on higher revenues and...

After 3FQ11 results beating consensus, J.P Morgan is raising its price target on Franklin Resources (NYSE: BEN) from $135 to $137 and maintaining its Neutral rating on the stock. Says J.P. Morgan, in its report, “Franklin Resources reported 3FQ11 diluted EPS of $2.26, beating our estimate and...

JP Morgan has lowered the price target on Och-Ziff Management (NYSE: OZM) from $18 to $17 and maintains its Overweight rating.

JP Morgan has raised the price target on Franklin Resources (NYSE: BEN) from $135 to $137 and maintains its Neutral rating.

Bank of America reiterated its Buy rating on Och-Ziff Capital Management Group (NYSE: OZM). At the same time, the rating agency left its price target on the company's stock unchanged at $19. On Tuesday, OZM added 0.57% to its value to end the day at $12.36.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...

JP Morgan reiterated its Neutral rating on Pzena Investment Management (NYSE: PZN). At the same time, the rating agency raised its price target on the company's stock from $6.50 to $7. On Monday, PZN added 1.35% to its value to finish the day at $6.02.

JP Morgan has raised the price target on Pzena Investment Management (NYSE: PZN) from $6.50 to $7 and maintains its Neutral rating.

Sterne Agee reiterated its Federated Investors (NYSE: FII) Buy rating and lowered its Federated Investors price target from $27 to $25 in a research report published today. In the report, Sterne Agee states, "While 2a-7 reform has dramatically improved money market fund liquidity and credit...