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HDV: Another Dividend ETF Arrives
Friday, April 1, 2011 - 4:37pm | 506BlackRock, Inc. (BLK) yesterday (3/31/11) launched the iShares High Dividend Equity Fund (HDV). The new ETF provides exposure to high quality income-producing U.S. securities based on the Morningstar Dividend Yield Focus Index. The underlying index seeks to identify companies providing relatively...
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MCHI: There Are Now 23 China ETFs
Friday, April 1, 2011 - 1:40pm | 519BlackRock, Inc. (BLK) yesterday (3/31/11) announced the listing of the iShares MSCI China Index Fund (MCHI). The press release claims it is the first ETF to be benchmarked to the large cap and mid cap MSCI universe, providing exposure to the top 85% of Chinese equities by market cap. However,...
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Calls Purchased on Northern Trust Corporation (NTRS)
Friday, April 1, 2011 - 1:36pm | 122Shares of Northern Trust Corporation (NASDAQ: NTRS) are higher on the session by 1.91%, currently trading at $51.72. The stock has been moving largely lower over the past three months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying calls on...
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Keefe, Bruyette & Woods Reports On S&P 500 Changes
Friday, April 1, 2011 - 8:08am | 85KBW has reported that BlackRock (NYSE: BLK) will be added to the S&P 500 today, replacing Genzyme (NASDAQ: GENZ). KBW writes, "The addition of BlackRock Inc. (BLK-$201.01, Outperform) to the S&P 500 Index (SPX) in replacement of Genzyme (GENZ-$76.16, Not Rated) will occur after the close...
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UPDATE: Jefferies Raising Price Target On Affiliated Managers Group (AMG)
Friday, April 1, 2011 - 8:03am | 181Jefferies & Co. is raising its price target on shares of Affiliated Managers Group (NYSE: AMG) to $126 from $117, and it has a Buy rating on shares. In a note to clients, Jefferies writes, "Emerging markets, which had been a strong tailwind for any firm with exposure, reversed course during...
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Jefferies Has Buy Rating On Invesco Ltd. (IVZ)
Friday, April 1, 2011 - 7:42am | 154Jefferies & Co. has a Buy rating and a $29 price target on shares of Invesco Ltd. (NYSE: IVZ). In a note to clients, Jefferies writes, "IVZ will report March AUM figures on April 11 and 1Q11 earnings on April 27. We anticipate March AUM will equal approx. $642.2B, up modestly from the $641.1B...
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Jefferies Has Buy Rating On T. Rowe Price (TROW)
Friday, April 1, 2011 - 7:36am | 158Jefferies & Co. has a Buy rating and a $75 price target on shares of T. Rowe Price (NASDAQ: TROW). In a note to clients, Jefferies writes, "During 4Q10, TROW's EOP assets were approx. 4% higher than their average over the same period, setting the company up to continue growing revenues q/q. In...
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Jefferies Has Buy Rating On Legg Mason (LM)
Friday, April 1, 2011 - 7:33am | 137Jefferies & Co. has a Buy rating and a $42 price target on shares of Legg Mason (NYSE: LM). In a note to clients, Jefferies writes, "LM will report March AUM on April 12 and quarterly earnings in early May. We estimate March AUM levels will decline modestly to $668.5B compared to $672.7B as of...
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Jefferies Raises PT On AMG To $126
Friday, April 1, 2011 - 7:23am | 28Jefferies & Company has raised the price target on Affiliated Managers Group (NYSE: AMG) from $117 to $126 and maintains its Buy rating.
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Eaton Vance Corp. Acquires Assets of Pelican Investment Management
Thursday, March 31, 2011 - 3:20pm | 51Eaton Vance Corp. (NYSE: EV) today announced that it has acquired the assets of Pelican Investment Management, Inc.. Pelican principals Anthony Pell, David Callard, John Paolella and their team will join Eaton Vance Investment Counsel. The terms of the transaction were not disclosed.
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Secrets Revealed: Fed Unveils Bank Loans Made During the Crisis
Thursday, March 31, 2011 - 2:43pm | 161A massive cache of documents released by the Federal Reserve Thursday reveals that banks from every corner of the globe, large and small, turned to the U.S. government's emergency bailout program for help as the credit crisis exploded in late 2008. In addition to global banking giants such as Bank...
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iShares Launches the iShares MSCI China ETF
Thursday, March 31, 2011 - 9:39am | 77BlackRock, Inc. (NYSE: BLK) today announced that its iShares Exchange Traded Funds business, the world's largest manager of ETFs, is launching the iShares MSCI China Index Fund (NYSE: MCHI) on the NYSE Arca. iShares now offers 40 international single country ETFs. The fund is the first China ETF...
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Citi Reiterates Buy Rating On BLK
Thursday, March 31, 2011 - 7:56am | 85Citi has issued a report maintaining the Buy Rating on BlackRock Inc (NYSE: BLK). According to Citi, "We estimate 14% to 17% 2012 EPS potential accretion should BLK repurchase Barclay's ~20% stake at $200 to $260 per share range. In essence, a buyback of this magnitude could accelerate EPS...
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A Peek Into The Market Before The Trading Starts
Thursday, March 31, 2011 - 7:20am | 440Pre-open movers US stock futures are mixed this morning, as investors are awaiting jobless claims data. Futures for the Dow Jones Industrial Average gained 4 points to 12,290.00 and S&P 500 index futures fell 0.40 point to 1,323.50. Nasdaq 100 futures dropped 1 point to 2,333.50. A Peek Into...
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BlackRock and Mizuho Sign Business Alliance Agreement
Thursday, March 31, 2011 - 7:01am | 134BlackRock, Inc. (NYSE: BLK) and Mizuho Financial Group, Inc. (NYSE: MFG) announced today that they have signed a Business Alliance Agreement that will further promote strategic cooperation between the two firms in Japan and Asia. The two firms had announced their intent to sign the agreement in...