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Broadridge Completes Matrix Deal - Analyst Blog
Tuesday, January 11, 2011 - 6:01pm | 506Last week Broadridge Financial Solutions Inc. (BR) completed the acquisition of financial services provider Matrix Financial Solutions Inc. for a cash consideration of roughly $201.0 million. Matrix and its subsidiaries will now operate as part of Broadridge's Investor Communication Solutions...
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Broadridge Completes Matrix Deal - Analyst Blog
Tuesday, January 11, 2011 - 5:49pm | 506Last week Broadridge Financial Solutions Inc. (BR) completed the acquisition of financial services provider Matrix Financial Solutions Inc. for a cash consideration of roughly $201.0 million. Matrix and its subsidiaries will now operate as part of Broadridge's Investor Communication Solutions...
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Janus Capital's Rating Upped by S&P - Analyst Blog
Tuesday, January 11, 2011 - 11:31am | 479Janus Capital Group Inc.'s (JNS) credit rating was upgraded by Standard & Poor's Ratings Services to investment grade. The rating agency raised the rating to “BBB-“from “BB+”. The outlook is stable. The upgrade follows an improvement in the company's financial position in the last 18 months...
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Janus Capital's Rating Upped by S&P - Analyst Blog
Tuesday, January 11, 2011 - 11:00am | 479Janus Capital Group Inc.'s (JNS) credit rating was upgraded by Standard & Poor's Ratings Services to investment grade. The rating agency raised the rating to “BBB-“from “BB+”. The outlook is stable. The upgrade follows an improvement in the company's financial position in the last 18 months...
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SEI Renews Partnership With the Trust Company of Oklahoma
Tuesday, January 11, 2011 - 10:31am | 107SEI (Nasdaq: SEIC) announced today that it has renewed a multi-year agreement with the Trust Company of Oklahoma to provide core processing and accounting systems, as well as additional processing services, to its private client and institutional businesses. Additionally, as part of the 10-year...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, January 11, 2011 - 9:31am | 306Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 7 Days Group Holdings Ltd (SVN) Alps Electric Co (APELY) CAI Intl Inc (CAP) Calamos Asset Management Inc (CLMS) Carbo Ceramics (CRR) View the entire Zacks #1 Rank List. CAI INTL INC (CAP): Free Stock Analysis Report CALAMOS...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, January 11, 2011 - 9:14am | 306Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 7 Days Group Holdings Ltd (SVN) Alps Electric Co (APELY) CAI Intl Inc (CAP) Calamos Asset Management Inc (CLMS) Carbo Ceramics (CRR) View the entire Zacks #1 Rank List. CAI INTL INC (CAP): Free Stock Analysis Report CALAMOS...
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Jefferies Previews BEN F1Q11, Ups Target To $120
Tuesday, January 11, 2011 - 9:09am | 98Franklin Resources (NYSE: BEN) will report its earnings during the week of January 24, Jefferies reports. “Our F1Q11 EPS estimate is $1.94 an increase from our prior $1.78 estimate,” Jefferies writes in a report that includes a PT increase to $120 from $110. “We expect total revenues to come in at...
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Oppenheimer Raises PT On SEI Invesments
Tuesday, January 11, 2011 - 8:43am | 27Oppenheimer has raised the price target on SEI Investments Company (NASDAQ: SEIC) from $25 to $29 and maintains its Outperform rating.
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Jefferies Raises PT On Franklin Resources
Tuesday, January 11, 2011 - 8:08am | 27Jefferies & Company has raised the price target on Franklin Resources (NYSE: BEN) from $110 to $120 and maintains its Hold rating.
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Franklin Resources Announces Month-End Assets Under Management of $670.7B
Monday, January 10, 2011 - 5:33pm | 37Franklin Resources, Inc. (NYSE: BEN) today reported preliminary month-end assets under management by the company's subsidiaries of $670.7 billion at December 31, 2010, compared to $642.3 billion at November 30, 2010 and $553.5 billion at December 31, 2009.
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Citigroup Raises PTs on Alternative Asset Managers (KKR, OZM)
Monday, January 10, 2011 - 10:39am | 128Citigroup is out with a research report this morning, where it noted two positive developments for alternative asset managers: First, carried interest taxation risk sharply declined. Second, a survey released by UK-based Preqin reinforced upcoming cycle for mandates – notably private equity...
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American Capital Initiated At Overweight By JP Morgan
Monday, January 10, 2011 - 10:17am | 173JP Morgan has published a research report on American Capital (NASDAQ: ACAS) and has initiated coverage on the company with an Overweight rating. In the report, JP Morgan writes "We are initiating coverage of American Capital, Ltd., with an Overweight rating and $10.00 YE2011 price target. ACAS is...
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Continuing to Presage Major Positive Research Actions from Goldman Sachs and Other Sell Side Institutions
Monday, January 10, 2011 - 10:14am | 1614Updated on January 25. We have noted on numerous occasions that it is not uncommon for stocks that appear in our model portfolios or our weekly ranking updates to presage major ratings actions by sell side firms. See our “Nostradamus Report” and “Getting in Before Sell Side Institutions Follow” for...
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State Street Global Advisors Acquires Bank of Ireland Asset Management
Monday, January 10, 2011 - 9:47am | 55State Street Global Advisors, the investment management business of State Street Corporation (NYSE: STT), announced today that it has completed its acquisition of Bank of Ireland Asset Management, which was first announced in October 2010, for approximately €57 million inclusive of estimated net...