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Legg Mason Inc Attractive Valuation
Friday, October 8, 2010 - 9:55am | 190Legg Mason, Inc. (NYSE: LM) with its favorable combination of positive flow injection, above average margin improvement and continued capital management and attractive valuation could be a good long term position. In a research note, Citi writes, "We are fine tuning lower our EPS to reflect...
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Downgrade To Hold And Lower PT For JNS
Friday, October 8, 2010 - 9:29am | 174Janus Capital Group, Inc.(NYSE: JNS) has been Downgraded to Hold and a lower Price Target from $14 to $13. In a research report Citi writes "Raising risk rating to High from Medium. We are cognizant the stock is among the heaviest shorted in our coverage universe and is equity centric, our...
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Affirm Buy And Increased Price Target For Invesco Ltd
Friday, October 8, 2010 - 9:16am | 121Invesco Plc New (NYSE: IVZ) remains top large cap selection given improving strategic position, further merger benefits, upside to consensus and attractive valuation at 12x-13x adjusted EPS. In a research report Citi writes, "Raising adjusted EPS and expect beat to consensus — 3Q10 adjusted EPS of...
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Positive Conference Calls Predicted For BEN
Friday, October 8, 2010 - 9:02am | 144Franklin Resources, Inc. (NYSE: BEN) good LT flows, capital management, and solid LT positioning Citi analysts expect their upcoming live call to be focused on equities and non-US flow leverage, and sustainability of momentum from global distribution platform. In a research note Citi writes, "We...
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Maintaning Hold Rating For FII Despite Increased EPS Estimates & Increased AUM
Friday, October 8, 2010 - 8:49am | 88Federated Investors, Inc. (NYSE: FII) EPS estimates have been increased as well as AUM however the stock is maintaining a Hold Rating because the money market backdrop continues to be an over hang according to Citi analysts. In a research note Citi writes, "Increasing F2010-12 EPS estimates from $...
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Fortress Closes a $340M New Credit Agreement
Thursday, October 7, 2010 - 4:00pm | 158Fortress Investment Group LLC (NYSE: FIG) today announced that it has executed a new credit agreement, including a $280 million term loan and a $60 million revolving credit facility. All amounts borrowed under the Company's previous credit agreement have been repaid in full. The new agreement...
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U.S. Global A Way To Play Gold? (GROW)
Thursday, October 7, 2010 - 10:35am | 136U.S. Global Investors, Inc. (NASDAQ: GROW) certainly lives up to its ticker symbol, doesn't it? Shares up nearly 9% today on strong volume. The stock has been particularly strong in recent weeks, as traders have speculated that it is a derivative on the gold trade, as it specializes in investing...
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KBW Previews Third Quarter For Asset Managers (TROW)
Thursday, October 7, 2010 - 7:56am | 95Keefe Bruyette & Woods is out with a research report previewing the third quarter on asset managers, T. Rowe Price Group, Inc. (NASDAQ: TROW). It raised the price target to $56 from $52, but is keeping the Neutral rating on shares. In the research note, KBW describes the risks to TROW. "TROW's...
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Calamos Asset Management Growth Appears Undervalued
Thursday, October 7, 2010 - 7:23am | 107Keefe Bruyette & Woods is raising the price target of Calamos Asset Management (NASDAQ: CLMS) to $15 from $12 and raising 2010 and 2011 EPS estimates to $0.88 (from $0.83) and $0.95 (from $0.85). It also is upgrading CLMS to Outperform from Market Perform. Risks to achieving the price target...
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Keefe Bruyette Upgrades CLMS To Outperform
Thursday, October 7, 2010 - 6:34am | 48Analysts at Keefe Bruyette upgrade Calamos (NASDAQ: CLMS) from "market perform" to "outperform." The target price for CLMS is set to $15. CLMS shares gained 2.13% to close at $12.00 yesterday. More Analyst Ratings here
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Top 4 Stocks In The Asset Management Industry With The Lowest PEG Ratio (FIG, PFG, OZM, ART)
Thursday, October 7, 2010 - 5:39am | 127Below are the top asset management stocks on the NYSE and the NASDAQ in terms of PEG ratio. Fortress Investment Group LLC (NYSE: FIG) has a PEG ratio of 0.29. FIG's quarterly revenue surged 37.60% y/y. Principal Financial Group Inc (NYSE: PFG) has a PEG ratio of 0.71. PFG's trailing-twelve-month...
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Epoch Announces AUM of $12.8 Billion
Tuesday, October 5, 2010 - 4:33pm | 43Epoch Investment Partners, Inc. the sole operating subsidiary of Epoch Holding Corporation (Nasdaq: EPHC) today announced that its assets under management were approximately $12.8 billion as of September 30, 2010, an increase of 13% from $11.3 billion as of June 30, 2010.
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Anglo Irish Buying Opportunity Too Good to Be True?
Tuesday, October 5, 2010 - 7:18am | 582Like many banks the world over, Ireland's Anglo Irish Bank was reckless in lending against commercial real estate through the last decade. The Bank, who's presence was largely confined to Ireland, New York City, and L.A., ramped up its commercial real estate lending and extended...
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State Street Appoints Samuel Cole VP, Deputy Head of E-Exchange
Monday, October 4, 2010 - 1:16pm | 99State Street Corporation (NYSE: STT) today announced that Samuel (Sam) Cole will join the company next month as executive vice president and deputy head of State Street's e-Exchange business, a division of State Street Global Markets which provides advanced trading solutions for a variety of...
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State Street's Ex-Staff Sued by SEC - Analyst Blog
Monday, October 4, 2010 - 1:06pm | 797On Thursday, two former executives of State Street Corp. (STT) were accused by the Securities and Exchange Commission (SEC) of misleading investors about a risky mortgage fund. The SEC stated that Mr. John Flannery (a former member of State Street's executive management group) and Mr. James...