BlackRock’s (BLK) iShares managed approximately $1.3 trillion as of September 30, 2016, reflecting a continual addition of new assets on the back of cost-effective, diversified, and global options.
BlackRock (BLK), the world’s largest asset manager, is expected to post earnings per share (or EPS) of $5.09 in 4Q16.
Affiliated Managers Group (AMG) stock has risen 4% over the past one month, mainly due to improved operating performance and new flows.
Affiliated Managers Group (AMG) saw a strong rise in assets under management in 3Q16 on fund raises, market appreciation, partially offset by outflows and realizations.
Affiliated Managers Group’s (AMG) senior debt fell in the September quarter.
Affiliated Managers Group (AMG) is expected to post revenues of $570 million in the December quarter.
Affiliated Managers Group (AMG) is expected to benefit from rising equities and improved macro fundamentals.
As of December 2016, Berkshire Hathaway’s (BRK-B) stock rose 4.4% over the past month and 26% over the past year.
Berkshire’s (BRK-B) services and retailing division is expected to see marginal growth sequentially as well as on a year-over-year basis in 4Q16.
President-elect Trump vouched for policies to favor manufacturing in the US. Berkshire can take advantage of these policies and see higher growth.
Berkshire manages its energy business through Berkshire Hathaway Energy. Berkshire owns utilities, downstream companies, and transmission companies.
BNSF can get a boost from Trump’s local manufacturing policies in the upcoming quarters. The companies will get a benefit for local manufacturing.
Berkshire Hathaway (BRK-B) is expected to see improved insurance underwriting in 4Q16 sequentially as well as on a year-over-year basis.
Berkshire Hathaway (BRK-B) is expected to post EPS (earnings per share) of $2,829 per share in 4Q16 and $2,880 in 1Q17.
Alternative asset managers expect marginal growth in the December quarter due to stable equities and marginally improved liquidity across asset classes.
Blackstone Group (BX) is valued at 9.5x on a one-year forward earnings basis.
Alternative asset managers (XLF) have successfully attracted new funds in spite of volatile markets.
Alternatives have usually paid 40%–60% of their earnings in dividends. Their earnings have fallen from peaks in the first half of 2015.
Carlyle Group (CG) saw an 11%–12% rise in its natural resources holdings over the past couple of quarters.
Alternative asset managers (XLF) invested heavily in distressed credit markets in 4Q15.