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Citi Reaffirms Its Buy Rating On Affiliated Managers Group
Tuesday, February 8, 2011 - 9:12am | 143Citi reaffirms its Buy rating, $128 price target and considers Affiliated Managers Group (NYSE: AMG) among best mid-cap traditional A/M picks following its meeting with management on 2/7. Though no ground breaking discussion, Citi was encouraged on several fronts around the transition in...
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Benzinga's Top ETF Decliners, February 7th (GAZ, FAZ, UCO, DRV)
Monday, February 7, 2011 - 7:07pm | 197iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSE: GAZ) dropped 4.97% on Monday, as natural gas traded lower. GAZ closed at $7.46, and had a volume of 365K traded shares. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) fell 3.98%, and in the banking sector, Bank of America...
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Benzinga's Top ETF Gainers, February 7th (BAL, FAS, SCO, DRN)
Monday, February 7, 2011 - 6:56pm | 211iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) gained 5.91% in the regular trading session on Monday, as cotton futures jumped more than 4%. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) traded 3.98% higher on the strength in the banking sector. Bank of America...
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SEI Investments Co. Chairman Sells 90,000 Shares of SEIC
Monday, February 7, 2011 - 5:22pm | 55In a Form 4 filed earlier today, SEI Investments Co. (NASDAQ: SEIC) Chairman of the Board, Alfred West, reported that he sold 90,000 shares of SEIC on February 3rd-4th for an average price of $23.33. The transaction totaled $2,100,069. Mr. West owns 14,886,916 direct shares of SEIC. Source: The...
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Citi Reiterates $46 PT on Legg Mason (LM)
Monday, February 7, 2011 - 8:43am | 121Citi is out with its report today on Legg Mason (NYSE: LM), reiterating its $46 PT on LM after a meeting with LM's new CFO, Peter Nachtwey. In a report sent to clients, Citi writes, "We affirm our non consensus Buy investment opinion, reiterate our calendar 2011 and 2012 operating EPS estimates of...
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Ticonderoga Upgrades EV To Neutral
Monday, February 7, 2011 - 7:53am | 41Analysts at Ticonderoga upgrade Eaton Vance Corp (NYSE: EV) from “sell” to “neutral.” EV shares gained 3.75% to close at $31.58 on Friday. More Analyst Ratings here
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Jefferies Raises Price Target on Blackstone Group (BX)
Friday, February 4, 2011 - 10:19am | 144Jefferies is out with a research report this morning, where it reiterates its Buy rating on Blackstone Group (NYSE: BX); it has a $20.00 price target on the stock, up from $18.50. The Jefferies analysts cited the company's recent earnings report, which handily beat estimates. They noted that,...
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Jefferies Raises PT on Blackstone Group To $20
Friday, February 4, 2011 - 9:29am | 27Jefferies & Company has raised the price target on Blackstone Group (NYSE: BX) from $18.50 to $20 and maintains its Buy rating.
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Ameriprise Lags Estimate - Analyst Blog
Thursday, February 3, 2011 - 7:01pm | 760Ameriprise Financial Inc.'s (AMP) fourth quarter 2010 operating earnings of $1.21 per share missed the Zacks Consensus Estimate of $1.31 but surpassed the prior-year quarter's earnings of 91 cents per share. The hike was driven by impressive results in Asset Management and Advice & Wealth...
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Ameriprise Lags Estimate - Analyst Blog
Thursday, February 3, 2011 - 6:30pm | 760Ameriprise Financial Inc.'s (AMP) fourth quarter 2010 operating earnings of $1.21 per share missed the Zacks Consensus Estimate of $1.31 but surpassed the prior-year quarter's earnings of 91 cents per share. The hike was driven by impressive results in Asset Management and Advice & Wealth...
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Calamos Asset Management Reports Q4 EPS of $.28 vs. $.24; Raises Dividend by 27%
Thursday, February 3, 2011 - 5:28pm | 116Calamos Asset Management, Inc. (Nasdaq: CLMS) today reported fourth quarter 2010 results, including revenues of $86.0 million and operating income of $35.7 million. Income before income taxes was $42.2 million for the current quarter. The company's net income of $5.8 million and diluted earnings...
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Blackstone Gets Its Mojo Back
Thursday, February 3, 2011 - 12:04pm | 101Because of the complexities of its business, it can be difficult to decipher whether the Blackstone Group (BX) has posted a profit. In its latest earnings report, there was a net loss of $11 million, or $0.03 per share, up from a loss of $143.3 million in the same period a year ago. But private...
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The Blackstone Group Reports Q4 EPS of $.20 vs. $.31
Thursday, February 3, 2011 - 9:39am | 31The Blackstone Group L.P. (NYSE: BX) today reported its 2010 results. Economic Net Income $606.1M Distributable Earnings $239.2M Distributable Earnings per Common Unit $ 0.20
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Earnings Scheduled For February 3 (K, MA, CI, ITT, SUN, CAH, MRK, NYT, DOW, BX, LVS, DO, CSTR, CME, IP, GR, MCO, HOT)
Thursday, February 3, 2011 - 4:28am | 465Kellogg Company (NYSE: K) is expected to report its Q4 earnings at $0.51 per share on revenue of $2.85 billion. MasterCard (NYSE: MA) is projected to report its Q4 EPS at $3.04 on revenue of $1.42 billion. Cigna (NYSE: CI) is projected to report its Q4 EPS at $1.02 on revenue of $5.36 billion. ITT...
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Blackrock, Inc. - Growth & Income
Thursday, February 3, 2011 - 3:01am | 403As the S&P continues to climb, more investors pile into equities. That's good news for Blackrock, Inc. (BLK). The investment management firm recently delivered its third consecutive positive earnings surprise driven by higher assets under management. Earnings estimates have been surging since...