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American Capital to Prepay $107 Million of Outstanding Debt
Friday, November 12, 2010 - 2:31pm | 74American Capital Ltd. (Nasdaq: ACAS) announced that it has given notice today to the holders of its secured debt due in 2013 that it will voluntarily prepay $107 million of the debt on November 29, 2010. With this prepayment, the amount outstanding under such secured debt will be less than $1.0...
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Legg Mason's October AUM Rises - Analyst Blog
Friday, November 12, 2010 - 2:00pm | 498Legg Mason Inc. (LM) has been able to experience a rise in assets under management (AUM) in October. The company reported preliminary month-end AUM of $676.6 billion for October, up from $673.5 billion at the end of the prior month. Legg Mason's equity AUM in October was up 3.2% from the prior...
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KBW Has $28 Target On AllianceBernstein (AB)
Friday, November 12, 2010 - 10:05am | 67Keefe Bruyette & Woods has a $28 price target on AllianceBernstein Holding LP (NYSE: AB). In a research report sent to clients, KBW writes, "AllianceBernstein's assets, revenues, and earnings are leveraged to the performance of Global equity and bond markets and demand for products is...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, November 12, 2010 - 9:30am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alaska Comm Sys Group Inc (ALSK) Albany Molecular Research Inc (AMRI) AllianceBernstein Holding LP (AB) Amdocs Ltd (DOX) Ameron Intl Corp (AMN) View the entire Zacks #5 Rank List. ALLIANCEBERNSTN (AB): Free Stock Analysis...
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (MF, IBKR, AIB, PNSN)
Friday, November 12, 2010 - 5:59am | 151Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $31.61 billion in total cash and $27.69 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.19 billion in total cash for the...
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BlackRock Declares Quarterly Dividend of $1.00
Thursday, November 11, 2010 - 6:01pm | 44BlackRock, Inc. (NYSE: BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $1.00 per share of common stock, payable December 23, 2010 to shareholders of record at the close of business on December 3, 2010.
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2010 Fund Performance Period 11
Thursday, November 11, 2010 - 5:05pm | 4669If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [November...
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Jefferies Initiates Hold Rating on The Bank of New York
Thursday, November 11, 2010 - 11:45am | 25Jefferies initiates a Hold rating on The Bank of New York (NYSE: BK) with a $31 price target.
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Jefferies Initiates Hold Rating on Northern Trust
Thursday, November 11, 2010 - 11:42am | 22Jefferies Initiates a Hold rating on Northern Trust (NASDAQ: NTRS) with a $54 price target.
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Citigroup Reiterates Hold Rating on Janus Capital Group (JNS)
Thursday, November 11, 2010 - 10:34am | 133Citigroup is out with a research report this morning, where it reiterates its Hold/High Risk rating on Janus Capital Group (NYSE: JNS); it has a $12.00 price target on the stock, up from $11.50. The Citi analysts said that, following a meeting with company management, they feel the flow story...
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AllianceBernstein October Assets Under Management $499B
Thursday, November 11, 2010 - 9:49am | 92AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $499 billion from $484 billion during October 2010. The 3.1% increase was due to positive investment returns and the addition of $8.0 billion of assets from...
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Bookkeeping: Limit Buy Order Hits for Gafisa (GFA), Closing Blackstone Group (BX)
Wednesday, November 10, 2010 - 12:15pm | 619Two transactions this morning... First, a long standing limit order at "the gap" (from late September) triggered this morning in Brazilian home builder Gafisa (GFA). A 1.2% exposure was added in the $15.60s. I have done nothing with this stock since selling the majority of the position 10/4 and...
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Zacks Releases Four Powerful ''Buy'' Stocks: Coinstar, Kaman, Ameriprise Financial and MasTec - Press Releases
Wednesday, November 10, 2010 - 11:33am | 1360For Immediate Release Chicago, IL – November 10, 2010 – Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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iShares Announces Launch of New iShares Russia Exchange Traded Fund (ERUS)
Wednesday, November 10, 2010 - 10:51am | 174BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, launched the new iShares MSCI Russia Capped Index Fund (NYSE: ERUS) on the NYSE Arca. The new fund launch completes the suite of iShares BRIC single(...)Read the...
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Invesco Down On Morgan Stanley Stake Sale (IVZ)
Wednesday, November 10, 2010 - 10:45am | 78Shares of Invesco Ltd. (NYSE: IVZ) are down sharply this morning, after reports came out that Morgan Stanley (NYSE: MS) was selling over 30 million shares of the investment manager at a price of $21.43 per share. The offering will raise $664 million for Morgan Stanley, as it seeks to raise capital...