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Citi Increases PT On BX To $24 After Meetings With Management
Monday, April 11, 2011 - 7:40am | 126Citi has increased its price target on Blackstone Group L.P. (NYSE: BX) from $23.50 to $24 and maintains its Buy rating on the stock after meeting with the companies management. Citi writes about the meetings, “Meetings were constructive around: 1) strategic positioning & market share...
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Wells Fargo Upgrades JNS To Outperform
Monday, April 11, 2011 - 6:15am | 42Analysts at Wells Fargo upgrade Janus Capital Group Inc (NYSE: JNS) from “market perform” to “outperform.” JNS shares closed at $12.47 on Friday. More Analyst Ratings here
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Options Brief: Northern Trust Corporation (NTRS)
Friday, April 8, 2011 - 12:47pm | 79Shares of Northern Trust Corporation (NASDAQ: NTRS) are lower on the session by 0.16%, trading at $52.15. Overall call volume is now running at 5.95x the daily average, with 54% of all calls traded being purchases on the offer. 1,583 contracts have traded on the session so far. Northern Trust...
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Liberty Property Holder Cohen & Steers Increases Stake To 10% (LRY, CNS)
Friday, April 8, 2011 - 11:17am | 30Cohen and Steers (NYSE: CNS) increases their stake in Liberty Property (NYSE: LRY) to 10%.
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BlackRock Announces Appointment of Thomas Montag to Board of Directors (BLK)
Thursday, April 7, 2011 - 1:26pm | 48BlackRock (NYSE: BLK) today announced that Thomas K. Montag, President of Global Banking and Markets at Bank of America, has joined the Company's Board of Directors. Concurrent with Mr. Montag's appointment, Sallie Krawcheck and Mark Linsz have left the Board.
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Stifel Nicolaus Increases Estimates On EV
Thursday, April 7, 2011 - 8:33am | 78Stifel Nicolaus has issued a report increasing estimates on Eaton Vance Corp (NYSE: EV). According to the report, "We are “tweaking” estimates upward slightly for FY 2011 from $1.77 to $1.78 and FY 2012 from $2.23 to $2.26 to reflect the slightly higher flows going forward that would put EV's...
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Goldman Sachs Maintains Buy on State Street (STT)
Thursday, April 7, 2011 - 8:06am | 132Goldman Sachs is out with its report today on State Street (NYSE: STT), maintaining Buy. In a note to clients, Goldman Sachs writes, "Investor sentiment around the trust banks remains fairly negative amid no growth in rate-sensitive fees in the near term and an unclear growth profile in the...
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Top 4 Large-Cap Stocks In The Asset Management Industry With The Highest Operating Margin (TROW, BLK, BEN, BK)
Thursday, April 7, 2011 - 12:24am | 132Below are the top large-cap asset management stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at T. Rowe Price Group Inc (NASDAQ: TROW) is 44.56%. TROW's PEG ratio is 1.46. The trailing-twelve-month operating margin at BlackRock Inc (NYSE...
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UPDATE: Keefe Bruyette & Woods Downgrades Waddell & Reed Financial To Market Perform
Wednesday, April 6, 2011 - 9:14am | 77Keefe Bruyette & Woods is lowering Waddell & Reed (NYSE: WDR) to Market Perform from Outperform based on valuation, while raising the PT to $44. Target Price Risks include WDR's AUM, revenues, and earnings are very sensitive to changes in the equity market. Also, WDR's AUM and flows are...
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KBW Downgrades WDR To Market Perform From Outperform (WDR)
Wednesday, April 6, 2011 - 7:57am | 20KBW downgrades Waddell & Reed Financial (NYSE: WDR) to Market Perform from Outperform.
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Keefe Bruyette Downgrades WDR To Market Perform
Wednesday, April 6, 2011 - 5:55am | 51Analysts at Keefe Bruyette downgrade Waddell & Reed Financial Inc (NYSE: WDR) from “outperform” to “market perform.” The target price for WDR is set to $44. WDR shares lost 0.58% to close at $40.81 yesterday. More Analyst Ratings here
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Epoch Announces 9% Increase in AUM to $15.6B
Tuesday, April 5, 2011 - 9:15am | 43Epoch Investment Partners, Inc., a sole operating subsidiary of Epoch Holding Corporation (Nasdaq: EPHC), today announced that its assets under management were approximately $15.6 billion as of March 31, 2011, an increase of 9% from $14.3 billion as of December 31, 2010.
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Benzinga's Top Pre-Market NASDAQ Losers (LEDS, PSEC, CREE, APWR)
Tuesday, April 5, 2011 - 8:17am | 148SemiLEDS Corporation (NASDAQ: LEDS) dipped 20.12% to $11.55 in the pre-market session. LEDS posted a loss in the second quarter and projects to post a loss in the current quarter. Prospect Capital Corporation (NASDAQ: PSEC) lost 4.94% to $11.55 in the pre-market session. PSEC announced the pricing...
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Prospect Capital Corporation Expects Q3 EPS of $0.25 to $0.27
Monday, April 4, 2011 - 4:18pm | 32Prospect Capital Corporation (NASDAQ: PSEC) today updated its estimate of net investment income for the third fiscal quarter ended March 31, 2011 to $0.25 to $0.27 per share.
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American Capital Mortgage Investment Files For IPO
Monday, April 4, 2011 - 8:38am | 91American Capital Mortgage Investment has filed to go public writes the Wall Street Journal, and is expected to raise as much as $500 million in the offering. The company is a mortgage-investment company, and will be managed and advised by an indirect arm of private-equity firm and asset manager...