In 1Q18, State Street’s (STT) total expenses rose 5.9% QoQ (quarter-over-quarter) and 8.1% YoY (year-over-year) to $2.3 billion, while its compensation and employee benefit expenses rose 17.1% QoQ and 7.1% YoY to $1.2 billion.
Thirteen analysts are covering the Blackstone Group (BX) in February 2018. Of these 13, only one is suggesting a “hold” on the stock, and none are recommending “strong sells” or “sells.”
Analysts’ ratings Of the 14 analysts covering The Blackstone Group (BX) in January 2018, seven have recommended “strong buy,” six have recommended “buy,” and one has recommended “hold.” There were no “strong sell” or “sell” recommendations. Peer comparison In January 2018, of the 11 analysts covering Ameriprise Financial (AMP), three have recommended “strong buy,” three have recommended “buy,” and five […]
Invesco (IVZ) has a price-to-cash flow ratio of 10.71x on a NTM (next-12-month) basis compared to the peer average NTM price-to-cash flow ratio of 11.41x.
Invesco Limited (IVZ) has witnessed long-term net flows of $2.4 billion in 3Q17 in its passive AUM (assets under management), which reflects long-term inflows and outflows of $13.2 billion and $10.8 billion, respectively.
Invesco (IVZ), an investment management company, reported earnings per share (or EPS) of $0.71 in 3Q17, higher than Wall Street analyst predictions of $0.66.
The Carlyle Group (CG) is being tracked by 12 analysts in November 2017. Five of them have rated the stock a “hold,” and four have given it a “strong buy.”
Invesco Limited (IVZ) is expected to declare total dividends of $1.15 per share in 2017, representing a 3.6% increase from its total declared dividends in 2016.
The 15 diversified financial services stocks within XLF are covered by 277 analysts. Of these, 153 analysts have given XLF a “buy” rating, 14 have given it a “sell” rating, and 110 have given it a “hold” rating.
Small-cap and mid-cap companies, which have market capitalizations under $2 billion and $10 billion, respectively, outperformed large-cap stocks last week and rose 7.9%.
There are 285 analysts who cover the 15 diversified financial services stocks within the Financial Select Sector SPDR ETF (XLF). Of these, 162 have assigned “buy” ratings to the stocks.
During the week ended February 5, the worst-performing diversified financial services stocks in XLF were Intercontinental Exchange, Legg Mason, and Invesco.
US stocks climbed higher after the Federal Reserve decided to raise interest rates yesterday. The SPDR S&P 500 ETF (SPY) rose 1.4% in yesterday’s trade.
During the week ended December 11, the worst-performing diversified financial services stocks within XLF were Affiliated Managers Group (AMG), Franklin Resources (BEN), and Legg Mason (LM).
Affiliated Managers Group (AMG) announced on April 28 that it received $5.3 billion in the first quarter of 2015 and $130 billion over the past five years.
T. Rowe, like other players in fund management, charges a predetermined percentage of the fund’s net asset value, which it notes in the fund’s prospectus.
The length of time seed capital is held in a portfolio depends on various factors such as how long it takes to generate cash flow from unrelated investors.
T. Rowe Price Group has delivered above-average growth in terms of capital profits and dividends. Its dividend yield has been ~2% over the past five years.
Until now, the clientele for alternative assets was limited. To capture future growth, companies will need to build strong brands and reach more investors.
Alternative assets focus on delivering absolute returns to their investors. The manager must produce an indicative return irrespective of market conditions.
ETFs allow an investor to buy and sell shares in ETFs just like you would do with an equity share. In this respect, ETFs combine the best characteristics of index funds and equity shares—low costs and high liquidity.
At the end of 2013, 30% of all US households that owned mutual funds owned at least one index mutual fund.
One reason for the popularity of index funds is the underperformance of active funds.
Index funds’ product offerings have evolved. For example, funds based on sector indices have been created, such as the First Trust NYSE Arca Biotechnology Index Fund.
Among mutual funds, index funds stand out because they follow a passive management style. Index funds aim to replicate the returns of an index regardless of economic and market conditions.
In return for investing a client’s money, mutual funds charge a fee, generally an annual fee set as a percentage of the client’s assets. This fee is the only source of income for a mutual fund-focused asset manager.
There are investors who are willing to take on higher risk to generate above-average market returns. For these investors, active funds offer the optimal investment avenue.
Globally, mutual fund assets totaled approximately $30 trillion at the end of 2013. The US accounted for $15 trillion of this amount, or 50%, making it the world’s most important mutual fund market.
Audited and verified annual figures at the end of 2013 indicate that total assets under management of US registered investment companies equalled nearly $17.1 trillion.
The efficient market hypothesis maintains that the market prices everything correctly and so it isn’t possible to outperform the market in the long run.
Much of the headline space for the last week covered the legendary bond mutual fund manager Bill Gross leaving Pacific Investment Management Company, LLC, (or PIMCO) to join Janus Capital (JNS).
The period from 2006–2012 wasn’t very good for the banking industry due to the economic slowdown across the globe with a negative return on equity in 2010—however, 2013 started the beginning of recovery with the return on equity again again touching 10%.
When a firm takes on very high leverage and the trade turns out to be a loss, it can wipe out a bank’s entire profits and capital very quickly—during the sub-prime crisis, the collapse of Lehman Brothers—the largest bankruptcy filing in U.S. history—was due to leveraged trading.
Investment banks generally deal with corporations and governments—they help corporations and governments raise capital, both debt and equity, and provide advise for strategic decisions such as mergers and acquisitions and divestitures.
Like many things in life, size matters, and in the asset management industry this paradigm is no different. The market leader in client assets is clearly BlackRock.
