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SEI Increases Dividend to $.12 per Share; Increase Stock Repurchase Program by $100M
Wednesday, May 25, 2011 - 1:30pm | 65The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared an increased dividend of $.12 (twelve cents) per share. The cash dividend will be payable to shareholders of record on June 20, 2011, with a payment date of June 28, 2011. In addition, SEI's Board of Directors also...
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The Fracking Controversy
Friday, May 20, 2011 - 10:39am | 53By Marin Katusa, Casey Research Blackstone Group LP (BX), the world's largest private equity firm, is set to invest $1 billion in unconventional oil and gas projects in North America through a joint venture with Alta Resources, which has cemented a spotlight on fracking. A U.S. Senate committee has...
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Gabelli Maintains Buy on BlackRock
Friday, May 20, 2011 - 9:23am | 96Gabelli is out with its report today on BlackRock (NYSE: BLK), maintaining Buy. In a note to clients, Gabelli writes, "On May 19, 2011, BlackRock announced that it will repurchase Bank of America's remaining 13.6 million Series B Convertible Preferred Shares for approximately $2.545 billion or $...
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Skeptics 05-19-2011
Thursday, May 19, 2011 - 6:55pm | 878Cusick's Corner The dynamics did not change much during the afternoon session. If anything there was a sense that the bulls lost interest in challenging the upside, skeptics, in front of tomorrow's AM settlement of European index options and PM settlement of equity options. I am not convinced that...
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The Fracking Controversy
Thursday, May 19, 2011 - 2:52pm | 38Blackstone Group LP (BX), the world's largest private equity firm, is set to invest $1 billion in unconventional oil and gas projects in North America through a joint venture with Alta Resources, which has cemented a spotlight on fracking.
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Puts Purchased on Franklin Resources (BEN)
Thursday, May 19, 2011 - 10:31am | 143Shares of Franklin Resources (NYSE: BEN) are lower on the session by 0.57%, currently trading at $126.35. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Jefferies & Company Reports on T. Rowe Price
Thursday, May 19, 2011 - 8:37am | 124Jefferies & Company commented on T. Rowe Price (NASDAQ: TROW) in a report released today. In the report, Jefferies & Company was positive in its assessment of T. Rowe Price. Jefferies writes, “Earlier this week we sat down with the management of TROW. Retail flows are experiencing a pick-...
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Blackrock To Repurchase 13.6M Series B Preferred Shares
Thursday, May 19, 2011 - 8:33am | 98BlackRock (NYSE: BLK) today announced that it has agreed to repurchase Bank of America Corporation's (NYSE: BAC) remaining ownership interest in BlackRock totaling 13,562,878 of its Series B Convertible Preferred Shares for approximately $2.545 billion, or $187.65 per share. The shares will be...
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KBW Comments on Eaton Vance Quarter
Thursday, May 19, 2011 - 8:18am | 55“We thought it was an in-line quarter as revenues and operating margins were in-line and organic growth remained solid,” KBW wrote in a report this morning, adding that it made no change to its PT or Market Perform rating. Eaton Vance Corp. (NYSE: EV) closed Wednesday at $32.15.
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Jefferies & Company Positive on Legg Mason
Thursday, May 19, 2011 - 7:55am | 119Jefferies & Company commented on Legg Mason (NYSE: LM) in a report released today. In the report, Jefferies & Company was positive in its assessment of the company. Jefferies writes, “Earlier this week we visited with the management team of Legg Mason. The overhang from the disclosure of...
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Jefferies Critiques Eaton Vance F2Q11
Thursday, May 19, 2011 - 7:29am | 87Jefferies is providing some commentary on Eaton Vance's (NYSE: EV) F2Q11 results. “Adjusting for several non-recurring items, EV reported F2Q11 adjusted EPS of approx. $0.48, $0.02 above our estimate and $0.03 above consensus,” Jefferies writes. “While margins were stronger than expected, fund...
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Penson Worldwide Shooting Higher On Strong Volume
Wednesday, May 18, 2011 - 3:15pm | 65Penson Worldwide, Inc. (NASDAQ: PNSN) shares are shooting higher today, gaining more than 13% on more than twice the average daily volume. At last check, shares were up 41 cents to $3.47 a gain of 13.4%,on 1.7 million shares. Penson Worldwide, Inc., through its subsidiaries, provides various...
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Janus Capital's Fund Performance "Remains under Significant Pressure," J.P. Morgan Reports
Wednesday, May 18, 2011 - 8:17am | 138J.P. Morgan reports that, according to Bloomberg, Bank of America Merrill Lynch has removed Janus (NYSE: JNS) Twenty and Forty funds from a model portfolio, “thereby implying the funds have also been removed from Merrill's SMA platform.” “This follows the removal of 10 funds from the Schwab Select...
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Earnings Scheduled For May 18 (BJ, DE, TGT, AAP, SPLS, ROST, JACK, LTD, CHS, ABMD, PETM, BRC, HOTT, ANF, ALKS, EV, NTES, CCM, SNPS)
Wednesday, May 18, 2011 - 1:16am | 504BJ's Wholesale Club Inc (NYSE: BJ) is estimated to post its Q1 earnings at $0.56 per share on revenue of $2.82 billion. Deere & Company (NYSE: DE) is projected to report its Q2 EPS at $2.06 on revenue of $8.14 billion. Target Corp (NYSE: TGT) is estimated to report its Q1 earnings at $0.94...
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Fast Money Picks For May 17th (AA, BX, GLW)
Monday, May 16, 2011 - 7:13pm | 133On CNBC's Fast Money, Tim Seymour recommended a short position in Alcoa Inc. (NYSE: AA). Alcoa Inc. (AA) fell 1.05% today, and closed at $16.92. Guy Adami thinks that The Blackstone Group L.P. (NYSE: BX) should be sold. The Blackstone Group L.P. (BX) dropped 3.33%, and it closed at $16.82. Karen...