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UPDATE: Jefferies Color On FIG 4Q Preview
Monday, February 28, 2011 - 8:40am | 96Jefferies, which updated its PT on shares of Fortress Investment Group LLC (NYSE: FIG). The fund raising environment for the PE industry is slowly gathering momentum. Over the course of 2010, Fortress raised approx. $5B across nearly 180 investors, of which approx. 35% were new to Fortress and 25%...
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A Peek Into The Market Before The Trading Starts
Monday, February 28, 2011 - 8:32am | 359Pre-open movers US stock futures are higher this morning as investors are awaiting economic data, including personal income and pending home sales. Futures on the Dow Jones Industrial Average gained 15 points to 12,125.00. Futures on the S&P 500 stock index rose 0.50 point to 1,319 and Nasdaq...
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Jefferies Raises PT On Fortress Investment Group To $7
Monday, February 28, 2011 - 8:15am | 28Jefferies & Company has raised the price target on Fortress Investment Group (NYSE: FIG) from $5 to $7 and maintains its Hold rating.
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Blackstone To Acquire Centro's U.S. Assets For $9.4B
Monday, February 28, 2011 - 3:56am | 150Blackstone (NYSE: BX), the private equity firm, will acquire the U.S. assets of Australia-based Centro, the debt-heavy shopping mall operator, for $9.4 billion. Blackstone agreed to pay book value for the assets which Centro has valued at around $9.4 billion, Reuters reported, citing a source...
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Citi Comments On Blackrock Following Recent Dividend Increase
Friday, February 25, 2011 - 8:27am | 164Post 2/24 market close, Blackrock (NYSE: BLK) announced a 37.5% increase in the quarterly dividend to $1.375, and will be payable to shareholders of record on 3/23. The dividend is consistent with Citi's $1.35 forecast and translates into an above-average pro forma 2.7% annualized yield vs. median...
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BlackRock Announces Dividend Increase of 37.5% to $1.375
Thursday, February 24, 2011 - 5:15pm | 61BlackRock, Inc. (NYSE: BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $1.375 per share of common stock, increasing the dividend $0.375 per share, or 37.5%, from the prior quarter's dividend of $1.00 per share. The dividend is payable March 23, 2011 to...
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W. P. Carey Reports Q4 FFO of $0.90 vs. $0.43
Thursday, February 24, 2011 - 10:17am | 79Investment firm W. P. Carey & Co. LLC (NYSE: WPC) today reported financial results for the fourth quarter and year-ended December 31, 2010. Funds from operations -- as adjusted (AFFO) for the fourth quarter of 2010 was $36.3 million or $0.90 per diluted share, compared to $33.7 million or $0....
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UPDATE: Citi Lowers PT on Eaton Vance to $29 (EV)
Thursday, February 24, 2011 - 8:58am | 89Citi is out with its report today on Eaton Vance (NYSE: EV), lowering its price target from $30 to $29. In a note to clients, Citi writes, "We affirm our non consensus Sell recommendation, trim our calendarized 2011-12 “cash” EPS estimates and shave $1 from our 12-month price target to $29...
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Citigroup Lowers PT On Eaton Vance To $29
Thursday, February 24, 2011 - 7:58am | 26Citigroup has lowered the price target on Eaton Vance (NYSE: EV) from $30 to $29 and maintains its Sell rating.
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Vance Corp. Reports Q1 EPS of $0.30 vs. $0.44
Wednesday, February 23, 2011 - 9:57am | 94Eaton Vance Corp. (NYSE: EV) earned $0.30 per diluted share in the first quarter of fiscal 2011 compared to earnings per diluted share of $0.37 in the first quarter of fiscal 2010 and $0.41 in the fourth quarter of fiscal 2010. Earnings per diluted share were reduced $0.15, $0.02 and $0.06 in the...
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Diamond Hill Investment Group, Inc. Reports 2010 Financial Results
Friday, February 18, 2011 - 5:17pm | 185Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today reported results for the year ended December 31, 2010. The company plans to file its 2010 Form 10-K on Friday, February 25, 2011 and we urge investors to read and consider the information in that filing. Whenever possible, we will post...
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Ameriprise Financial Announces Shareholder Odd-lot Buy/Sell Program
Friday, February 18, 2011 - 2:02pm | 132Ameriprise Financial, Inc. (NYSE: AMP) today announced a program to provide shareholders owning fewer than 100 shares of its common stock with an opportunity to sell all of their shares or purchase additional shares to increase their holdings to 100 shares. The voluntary program recognizes the...
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UPDATE: Jefferies Raises PT on Eaton Vance to $34 (EV)
Friday, February 18, 2011 - 9:10am | 119Jefferies is out with its report today on Eaton Vance (NYSE: EV), raising its price target from $31 to $34. In its report sent to clients, Jefferies Notes, "EV's internal growth remains strong, reflecting its diverse suite of fixed income products. However, revenue yield continues to be negatively...
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UPDATE: Citi Raises PT on Waddell & Reed Financial to $47 (WDR)
Friday, February 18, 2011 - 8:39am | 106Citi is out with its report today on Waddell & Reed Financial (NYSE: WDR), raising its price target from $44 to $47. In a note to clients, Citi writes, "Affirm Buy & raise our 2012-13 EPS estimates following CIRA-sponsored investor meetings with senior management in NY on 2/15-16. 2011...
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Jefferies Raises PT On Eaton Vance To $34
Friday, February 18, 2011 - 8:28am | 27Jefferies & Company has raised the price target on Eaton Vance (NYSE: EV) from $31 to $34 and maintains its Hold rating.