RECENT Mutual Funds RESEARCH
BlackRock has seen rising and sustained income levels over the past few years, mainly due to diversified and innovative product offerings like iShares.
Prospect Capital (PSEC) reported a decline in its net investment income in its fiscal 3Q17 earnings. Analysts expect PSEC’s fiscal 4Q17 EPS to reach $0.20, representing no change from fiscal 3Q17.
Berkshire Hathaway (BRK.B) is expected to post EPS of $2,806 in 2Q17 and $3,212 in 3Q17. Analysts have revised the estimates downward.
After a subdued performance in 4Q16 and heavy losses in its Global Market Strategies segment, Carlyle Group (CG) reported improved numbers in 1Q17.
In 1Q17, KKR & Co. (KKR) deployed ~$5.4 billion in its Public Markets and Private Markets segments. KKR is expected to post EPS of $0.49 in 2Q17 and $2.15 in fiscal 2017, representing year-over-year growth of 113% and 216%, respectively.
Alternative asset managers saw improved operating performances in 2H16 on rising broader markets (SPY) (SPX) and a better global economic outlook.
KKR (KKR) is expected to post earnings per share (or EPS) of $0.49 in 1Q17 as compared to a loss per share of $0.65 in the corresponding quarter last year.
The Blackstone Group (BX), the world’s largest alternative asset manager, is expected to see earnings per share of $0.73 in 1Q17, compared to EPS of $0.68 in 4Q16 and $0.31 in 1Q16.
PNC Financial Services (PNC) is expected to post earnings per share (or EPS) of $1.84 in 4Q16, lower than its EPS of $1.87 in 4Q15 and in line with its EPS in 2Q16.
Alternative asset managers such as Blackstone Group, KKR & Co., and The Carlyle Group saw improved performances in 2H16 on improved broader markets and rising holdings valuations.
In this series, we’ll look at Prospect Capital’s expected performance, deployments, portfolio strategy, yields, balance sheet strength, dividends, and valuations.
Apollo Investment (AINV) posted earnings per share of $0.18 in fiscal 2Q17, compared to analyst estimates of $0.17. In this series, we’ll study AINV’s performance, yields, capital deployment, portfolio, dividends, and valuations.
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) is expected to benefit from rising equities and improved macro fundamentals.
Alternative asset managers such as Blackstone Group (BX), KKR (KKR), and Carlyle Group (CG) have rebounded sharply over the past three months.
Carlyle Group (CG) has delivered positive but weak performance over the past few quarters, as compared to its performance in 2015.
Closed-end managers deploy money in middle market companies engaged in businesses across sectors by raising capital through share issuances.
Donald Trump’s unexpected election ushered in short-run uncertainty about markets and policies—not only in the United States but also globally.
State Street (STT) stock has risen 10.0% over the past quarter. That came on the back of two quarters of improved operating performance.
T. Rowe Price (TROW), in line with other asset managers, saw a strong rebound in earnings during 3Q16. It posted diluted EPS of $1.28.