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CORRECTION: Gamco Boosts Quarterly Dividend to $0.04 from $0.03 -Bloomberg (GBL)
Friday, May 6, 2011 - 2:45pm | 16Gamco (NYSE: GBL) boosts quarterly dividend to $0.04 from $0.03.
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April ETF Stats Part II
Friday, May 6, 2011 - 2:42pm | 382The exchange traded products business was busy attracting fresh inflows once again in April with the more than 1,200 U.S.-listed ETFs and ETNs attracting more than $22 billion in fresh investments for the month. Data from the National Stock Exchange show commodities funds garnered $775 million in...
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GAMCO Investors Reports EPS of $0.65 vs. $0.54 Estimate; Revenues $76.9M vs. $74.66 Estimate
Friday, May 6, 2011 - 2:39pm | 21GAMCO Investors (NYSE: GBL) Reports EPS of $0.65 vs. $0.54 Estimate; Revenues $76.9M vs. $74.66 Estimate
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Options Brief: Legg Mason, Inc. (LM)
Friday, May 6, 2011 - 11:26am | 92Shares of Legg Mason, Inc. (NYSE: LM) are higher on the session by 1.60%, trading at $35.01. Overall put volume is now running at 2.24x the daily average, with 0% of all puts traded being purchases on the offer. 1,383 contracts have traded on the session so far. Legg Mason, Inc. is a holding...
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Keefe Bruyette & Woods Comments On Fortress Investment Group After Reporting In-Line Earnings
Friday, May 6, 2011 - 10:35am | 139Generally speaking, Keefe Bruyette & Woods characterizes Fortress Investment Group's (NYSE: FIG) quarter as in-line to slightly weaker with slightly lower DE, and modestly weaker capital formation. However, KBW thinks capital raising should remain positive and no change to estimates or target....
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J.P. Morgan Previews IVZ And BEN April AUM
Friday, May 6, 2011 - 7:53am | 149Franklin Resources Inc. (NYSE: BEN) and Invesco Ltd. (NYSE: IVZ) will report April AUM next week, J.P. Morgan Reports. “We think both companies will report impressive numbers and we would expect both stocks to react favorably,” J.P. Morgan writes. “Franklin reports on Monday after the close and...
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BlackRock Top Pick At Citi (BLK)
Friday, May 6, 2011 - 7:23am | 116Citi Investment Research has a Buy rating and a $250 price target on shares of BlackRock, Inc. (NYSE: BLK). In a note to clients, Citi writes, "Despite (above average) 37.5% quarterly dividend hike, clear signs of flow gains, decelerating merger flow dissynergies, SPX inclusion, rising 2011-13...
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Hedge Fund Giant Fortress Down Sharply Following Earnings (FIG)
Thursday, May 5, 2011 - 10:59am | 159Hedge fund and private equity giant Fortress Investment Group (NYSE: FIG) is down sharply today, losing more than 5% after the company reported results. The company reported a first quarter loss of 58 cents per share, but pre-tax distributable earnings of 20 cents per share. This is the number...
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J.P. Morgan Increases PT To $12.50 From $11.00 And EPS Estimate To $0.86 From $0.69 On American Capital (ACAS)
Thursday, May 5, 2011 - 8:31am | 101In a recent report, J.P. Morgan has increased the price target on American Capital (NASDAQ: ACAS) to $12.50 from $11.00 and EPS estimate to $0.86 from $0.69 resulting in J.P. Morgan reiterating an overweight rating on ACAS. In the report, J.P. Morgan said, "Repayment activity remains strong and...
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Fortress Investments Reports EPS of $0.20 vs. $0.15 Estimate (FIG)
Thursday, May 5, 2011 - 7:59am | 17Fortress Investments (NYSE: FIG) Reports EPS of $0.20 vs. $0.15 Estimate
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Earnings Scheduled For May 5 (SLE, GM, V, AIG, CI, FLR, KFT, EP, EL, MHK, DTG, CVS, FIG, SUN, OWW, PSA, RNWK, IT, FO, PCLN, PGN, DTV, TDC)
Thursday, May 5, 2011 - 12:33am | 609Sara Lee Corp (NYSE: SLE) is estimated to post its Q3 EPS at $0.25 on revenue of $2.23 billion. General Motors Company (NYSE: GM) is projected to report its Q1 EPS at $0.93 on revenue of $35.59 billion. Visa Inc (NYSE: V) is expected to post its Q2 earnings at $1.20 per share on revenue of $2....
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Massive Glencore IPO Values Commodity Giant Near $60 Billion (GS, BLK, UBS, CS)
Wednesday, May 4, 2011 - 12:00pm | 297Glencore's IPO is expected to be the mother of all IPO'S, as the company announced terms for its IPO this morning. The company said it would look to raise as much as $10 billion in the sale, which would value the Swiss commodity giant around $60 billion. The share price is going to be set at 480...
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Glencore to Offer up to 1.25B Shares for IPO -Bloomberg (BLK, CS)
Wednesday, May 4, 2011 - 11:45am | 51Glencore's prospectus announces investors and their stakes. Aabar to invest $850M Blackrock (NYSE: BLK) to invest $360M Brookside capital to invest $225M Credit Suisse (NYSE: CS) to invest $175M Eton Park Funds to invest $$200M
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Och-Ziff Down Nearly 2% Despite Earnings Beat (OZM)
Wednesday, May 4, 2011 - 11:41am | 234Och-Ziff Capital Management Group LLC (NYSE: OZM) shares are down nearly 2%, trading inline with a broadly lower market, despite the publicly traded hedge fund being earnings estimates. The company said distributable earnings rose 33% on higher management fees, and is the number that Wall Street...
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Puts Purchased on Northern Trust Corporation (NTRS)
Wednesday, May 4, 2011 - 10:40am | 120Shares of Northern Trust Corporation (NASDAQ: NTRS) are lower on the session by 1.17%, currently trading at $48.79. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short...