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Yahoo To Be Bought by AOL?
Thursday, October 14, 2010 - 10:09am | 363The Wall Street Journal is reporting that AOL (NYSE: AOL) and some private equity firms are thinking about buying Yahoo (NASDAQ: YHOO). While there is nothing confirmed at this point, and even the WSJ says Yahoo doesn't know about it yet, but the rumors alone sent Yahoo's stock up 13% in after...
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Car Charging Group, Inc. to Demonstrate Level II Electric Vehicle Charging Station at the National Parking Association's ‘The Parking Show of Shows' Convention and Exposition
Thursday, October 14, 2010 - 9:52am | 3152MIAMI BEACH, Fla., Oct. 13, 2010 (GLOBE NEWSWIRE) — Car Charging Group Inc., (OTCBB:CCGI), owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced the company will demonstrate an electric vehicle charging station at The...
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Standout LT Inflows For Invesco And Franklin Resources, Deutsche Bank Reports
Thursday, October 14, 2010 - 9:14am | 118Invesco (NYSE: IVZ) and Franklin Resources, Inc. (NYSE: BEN) had standout long term inflows in the month of September, while Legg Mason, Inc. (NYSE: LM) and Artio Global Investors, Inc. (NYSE: ART) were relatively weak, Deutsche Bank reports. “Trends for the asset mgrs are mostly favorable given...
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Eaton Vance Corp. Reports Assets Under Management of $180.7B
Thursday, October 14, 2010 - 9:14am | 36Eaton Vance Corp. (NYSE: EV) today reported assets under management of $180.7 billion on September 30, 2010. This compares to $173.3 billion on July 31, 2010, the close of the Company's third fiscal quarter.
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Citi Likes Affiliated Managers Group (AMG)
Thursday, October 14, 2010 - 7:36am | 108Citi Investment Research likes Affiliated Managers Group, Inc. (NYSE: AMG), as it sees positives for the company. It raised the target on AMG to $106, and rates shares at a Buy. In the research note, Citi writes, "Raise Estimates + Target $2 to $106; Remains top small cap pick and within TPL!...
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Waddell & Reed Financial, Inc. Downgraded to Hold
Wednesday, October 13, 2010 - 9:39am | 32Waddell & Reed Financial, Inc. (NYSE: WDR) is downgraded to Hold at Sandler. The shares of Waddell & Reed Financial, Inc. are currently down 0.47% trading at $27.67.
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AllianceBernstein Lowers Estimates And Target After September AUM
Wednesday, October 13, 2010 - 8:30am | 148Post 10/12 market close, AllianceBerstein (NYSE: AB) announced AUM rose 3.7% MTM to $484B but fell 2% below our forecast. The shortfall reflected deeper attrition, notably in the flagship institutional channel, where lead indicators remain mixed and AB appears to be ceding market share. Citi...
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Weak Dollar A Break for Industrial Owners?
Wednesday, October 13, 2010 - 12:00am | 538If you've filled up your tank in the last week, you've probably noticed that gas prices have shot up recently. Prices at the pump are up 8 cents per gallon on average across the country from a week ago as a result of the surge in crude oil. It's no coincidence that gold prices...
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AllianceBernstein Announces Assets Under Management
Tuesday, October 12, 2010 - 4:05pm | 82AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $484 billion from $467 billion during September 2010. The 3.7% increase was due to positive equity investment returns, partially offset by net asset outflows...
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Zeke Ashton Recommends Janus (JNS)
Tuesday, October 12, 2010 - 2:20pm | 25Zeke Ashton recommended Janus Capital (NYSE: JNS) as a potential interesting play in the asset manager space.
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Jefferies Reiterates Buy Rating On T. Rowe Price (TROW)
Tuesday, October 12, 2010 - 12:31pm | 113Analysts at Jefferies released a company update today on T. Rowe Price (NASDAQ: TROW). The firm has a Buy rating on the stock and a $60.00 price target. During the current trading session, TROW shares have risen 0.37% to $51.91. The analysts wrote, "Consistent inflows, industry leading margins,...
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GLG Shareholders Approve Merger with Man Group
Tuesday, October 12, 2010 - 12:10pm | 101GLG Partners, Inc. (NYSE: GLG) announced that at a special meeting of stockholders held today, its shareholders approved the merger agreement for the company's acquisition by Man Group plc. More than the required majority of both GLG total issued and outstanding shares and GLG's issued and...
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New Price Target For BEN
Tuesday, October 12, 2010 - 10:51am | 28FBR Capital Markets has raised the price target on Franklin Resources (NYSE: BEN) from $127 to $130 and reiterates its Outperform rating.
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Wells Fargo Raises Valuation Range and Adjusted Cash EPS for Invesco
Tuesday, October 12, 2010 - 10:49am | 144On October 11, Invesco (NYSE: IVZ) reported total assets under management (AUM) of $604.5B at September 30, a 5.4% increase from $573.8B reported at August 31 and an 8.4% increase from $557.7B reported at June 30. “The reported number was also above our Q3'10 estimate of $580.5B,” Wells Fargo...
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International and Fixed Income Drive Strong AUM Performance for Franklin Resources, Wells Fargo Reports
Tuesday, October 12, 2010 - 10:48am | 118Franklin Resources, Inc. (NYSE: BEN) reported assets under management ("AUM") of $644.9B at 09/30, up from $600.4B at 08/31 and above our estimate of $613.0B. “Not surprisingly, international and fixed income segments continued to drive the strong AUM performance for BEN,” Wells Fargo writes. “...