T. Rowe Price Group’s (TROW) facility and occupancy costs stood at $83.1 million in 2Q17, which includes depreciation costs of $36.3 million.
T. Rowe Price Group witnessed a marginal rise of 3.2% in its administrative fees in 2Q17, which stood at $91.3 million as compared to $88.5 million in 2Q16.
T. Rowe Price Group’s (TROW) operating expenses rose 11.6% on a YoY basis to $662.3 million in 2Q17.
T. Rowe Price Group (TROW) managed to report earnings per share (or EPS) of $1.50 in 2Q17, which beat the analyst estimate of $1.30.
State Street (STT) is currently covered by 21 analysts. Five of them have rated the stock a “strong buy,” and three have given it a “buy” rating.
State Street (STT) had strong growth of 9.0% YoY in fee revenues in 2Q17, mainly due to new business activities, appreciation in global equity markets, and client flows.
State Street (STT) is expected to declare a dividend of $1.62 per share in 2017, which is 15.7% more than its 2016 dividend.
In 2Q17, State Street (STT) saw a 5.0% rise YoY (year-over-year) in expenses for information systems and communication.
In 2Q17, State Street (STT) posted NII (net interest income) of $617.0 million, which was a substantial rise of 13.0% on a YoY (year-over-year) basis.
Trading services helped State Street (STT) generate revenues of $289.0 million in 2Q17, which reflects a rise of 8.0% on a YoY (year-over-year) basis.
In 2Q17, State Street (STT) posted fee revenues of $2.3 billion, which was a 9.0% rise on a YoY (year-over-year) basis.
State Street (STT) posted EPS (earnings per share) of $1.67 in 2Q17, thus beating analysts’ estimate of $1.57. That’s a 14.0% rise on a YoY basis.
Six of 14 analysts currently covering Blackstone stock gave “strong buy” ratings. Six analysts gave “buy” ratings, and the remaining two analysts gave “hold” ratings.
Blackstone’s price-to-book ratio stood at ~3.1x, and Carlyle Group’s price-to-book ratio stood at 4.5x.
Carlyle Group’s Private Equity division has generated net performance fees of $638 million on an LTM basis.
Apollo Global Management’s Credit division reported management fees of $169.8 million in 2Q17 compared to $158.3 million in 1Q17.
In 2Q17, Blackstone (BX) reported post-tax distributable earnings of $781 million.
On June 30, 2017, Blackstone’s Real Estate division had fee-generating assets under management totaling $73.7 billion, reflecting a 10% rise year-over-year.
KKR reported net unrealized gains of $307.9 million in 2Q17, which is mainly due to strong performance in its Private Equity division.
In 2Q17, Blackstone realized $11.0 billion, outperforming the realizations by Carlyle Group and Apollo Global Management of $6.0 billion and $2.7 billion, respectively.