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J.P. Morgan Maintains Overweight on T. Rowe Price (TROW)
Monday, January 31, 2011 - 9:36am | 148J.P. Morgan is out with its report on T. Rowe Price (NASDAQ: TROW), maintaining Overweight on TROW after a solid Q4 10. In a note to clients, J.P. Morgan writes, "T Rowe posted 4Q10 EPS of $0.72, ahead of our $0.70 estimate due to a one-time tax benefit of $0.02. Revenues and expenses were both...
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Waddell & Reed Financial Reports 54 Cent EPS (WDR)
Monday, January 31, 2011 - 8:09am | 154Overland Park, Kansas-based Waddell & Reed Financial, Inc. (NYSE: WDR) on Monday morning released financial results that beat Wall earnings Street earnings expectations. Waddell & Reed Financial, Inc reported that its 4th quarter net income climbed to $46.4 million, or 54 cents per share,...
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Waddell & Reed Reports Q4 EPS of $0.54
Monday, January 31, 2011 - 8:04am | 58Waddell & Reed Financial Inc (NYSE: WDR) reports its Q4 EPS at $0.54, beating the consensus of $0.50. WDR reports its Q4 revenue at $281.2 million, versus the estimates of $274.32 million. WDR shares fell 2% to close at $36.26 on Friday. Read more from Benzinga's Company news.
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T. Rowe Price Demonstrating Impressive Fundamental Momentum
Sunday, January 30, 2011 - 5:12pm | 1063Model Portfolio Daily Update: January 28, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: This content is for members only. Of Note: Look for our January 30 report in which we rebalance our model portfolios for implementation on January 31....
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FII Beats on Lower Revenues - Analyst Blog
Friday, January 28, 2011 - 7:31pm | 938Federated Investors Inc. (FII) reported fourth quarter earnings per share of 45 cents, which surpassed the Zacks Consensus Estimate by 2 cents, and missed the year-ago earnings of 51 cents. However, the reported earnings outpaced 42 cents per share reported in the prior quarter. Results...
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FII Beats on Lower Revenues - Analyst Blog
Friday, January 28, 2011 - 7:12pm | 938Federated Investors Inc. (FII) reported fourth quarter earnings per share of 45 cents, which surpassed the Zacks Consensus Estimate by 2 cents, and missed the year-ago earnings of 51 cents. However, the reported earnings outpaced 42 cents per share reported in the prior quarter. Results...
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Franklin Runs Ahead of Estimates - Analyst Blog
Friday, January 28, 2011 - 6:31pm | 677Franklin Resources Inc.'s (BEN) first quarter 2011 earnings of $2.23 per share outpaced the Zacks Consensus Estimate of $1.91 per share. Results reflected strong growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Moreover, the results...
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Franklin Runs Ahead of Estimates - Analyst Blog
Friday, January 28, 2011 - 6:10pm | 677Franklin Resources Inc.'s (BEN) first quarter 2011 earnings of $2.23 per share outpaced the Zacks Consensus Estimate of $1.91 per share. Results reflected strong growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Moreover, the results...
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Blackstone Completes Acquisition of Polymer Group, Inc.
Friday, January 28, 2011 - 4:35pm | 48Scorpio Acquisition Corporation, an affiliate of Blackstone Capital Partners V L.P. (NYSE: BX) ("Blackstone"), has completed its previously announced acquisition of Polymer Group, Inc. ("PGI"). The transaction helps continue to position PGI as a leader in the nonwovens industry.
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T. Rowe Price Profit Soars - Analyst Blog
Friday, January 28, 2011 - 2:39pm | 770T. Rowe Price Group Inc.'s (TROW) fourth quarter 2010 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected top-line growth and higher assets under management (AUM), partially offset by higher operating expenses, cumulated in...
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T. Rowe Price Profit Soars - Analyst Blog
Friday, January 28, 2011 - 2:24pm | 770T. Rowe Price Group Inc.'s (TROW) fourth quarter 2010 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected top-line growth and higher assets under management (AUM), partially offset by higher operating expenses, cumulated in...
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Gabelli Increases BLK Estimates
Friday, January 28, 2011 - 12:18pm | 154Gabelli is increasing its 2011 and 2012 adjusted earnings estimates on BlackRock, Inc. (NYSE: BLK) to $12.75 and $14.95 per share from $11.70 and $13.70 per share, respectively, due to higher expected AUM and an improvement in operating margins. “Operating margins for 2010 were 39.3%, a 250 bps...
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Jefferies Raises Franklin Resources PT To $125 (BEN)
Friday, January 28, 2011 - 10:32am | 93Jefferies raised its Franklin Resources (NYSE: BEN) price target to $125 from $120 in a research report published today. In the report, Jefferies states, "BEN's top line growth is being driven by solid investment performance and continued fixed income flows. However, an economic environment more...
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Janus Capital Outpaces on Revenue - Analyst Blog
Friday, January 28, 2011 - 10:31am | 928Janus Capital Group Inc.'s (JNS) fourth quarter 2010 earnings per share came in at 36 cents, outpacing the Zacks Consensus Estimate of 21 cents on a better-than-expected increase in revenues and higher assets under management (AUM). Results were also significantly higher than the 18 cents...
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J.P. Morgan Maintains Janus Capital Underweight Rating (JNS)
Friday, January 28, 2011 - 10:24am | 125J.P. Morgan maintained its Janus Capital (NYSE: JNS) Underweight rating in a research report published today. J.P. Morgan has previously given Janus Capital a $12 price target. In the report, J.P. Morgan states, "Janus Capital Group reported 4Q10 EPS of $0.36. Excluding 1-time items, Janus earned $...