Legg Mason Inc
Inside State Street’s Assets under Custody and Administration
In 1Q18, State Street had fixed-income and short-term-and-other-investment AUCA of $10.1 trillion and $3.9 trillion, respectively.
Factors that Led to a Rise in Invesco’s Total Operating Expenses
Invesco (IVZ) incurred total operating expenses of $3.8 billion in 2017 compared to $3.5 billion in 2016, implying an increase of 9.1% year-over-year.
What Led to a Decline in Invesco’s March 2018 AUM?
On March 31, 2018, Invesco Limited’s (IVZ) total assets under management totaled $934.2 billion, which implies a 1.2% fall compared to February.
What’s Expected from Invesco Moving Forward?
Analysts gave a high estimate for Invesco’s (IVZ) 1Q18 earnings per share of $0.72 and a low estimate of $0.64.
Understanding State Street’s Investment Management Business
State Street Corporation’s (STT) investment management business generated revenues of $1.6 billion in 2017, up from $1.3 billion in 2016.
How Analysts Are Viewing Blackstone
Blackstone (BX) is covered by 14 analysts in March 2018. Seven of them are recommending a “strong buy” for the stock, and six are rating it a “buy.”
How Analysts View Blackstone after 4Q17
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.”
Wall Street Analysts’ Views on Blackstone
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 […]
Breaking Down Invesco’s Assets under Management in 3Q17
Invesco Limited (IVZ) garners its total assets under management (or AUM) from two channels: retail and institutional.
Invesco’s Assets under Management Rose in 3Q17
Invesco Limited (IVZ) reported total assets under management (or AUM) of $917.5 billion on September 30, 2017.
What’s behind the Rise in Invesco’s Total Operating Expenses?
Invesco has seen a YoY rise in employee compensation expenses from $345.1 million in 3Q16 to $393.1 million in 3Q17.
Invesco’s Strong 3Q17 Results Beat Estimates
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.
What Analysts Suggest for Carlyle Group after 3Q17 Results
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.”
Assets under Management of Alternative Asset Managers
On June 30, 2016, Carlyle Group (CG) reported total assets under management (or AUM) of $175.6 billion.
XLF: How Did Its Subsectors Perform Last Week?
The Financial Select Sector SPDR ETF (XLF) closed at $22.05 on April 8, falling 2.9% during the week.
Small-Cap Banking Stocks Beat Large-Cap Stocks: End of Sell-Off?
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%.
What Do Analysts Recommend for Diversified Financial Services?
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.
BlackRock, Blackstone, and Financials Fall on Recession Fears
Amid the current global slowdown, asset managers, banks, and other financial stocks have fallen steeply. BlackRock fell 4.7% on February 8, 2016.
Analysts Are Bullish on Diversified Financial Services Stocks
Of the 285 analysts covering the diversified financial services sub-group, there are 162 “buy,” 15 “sell,” and 108 “hold” ratings on the group.
Analyst Recommendations for Diversified Financial Services Stocks
Out of the 290 analysts covering the 15 stocks in the diversified financial services subgroup, 167 issued “buy” ratings and 108 issued “hold” ratings.
Small Caps Underperformed Large Caps Last Week
Large-cap stocks above $10 billion make up 87.3% of the Financial Select Sector SPDR Fund (XLF).
How Did Eaton Vance Perform Compared to Its Peers?
In this article, we’ll compare Eaton Vance with its peers. Peers include Franklin Resources, T. Rowe Price, Legg Mason, and Waddell & Reed Financial.
Eaton Vance in Fiscal 4Q15: Falls in Revenue and Income
Eaton Vance reported fiscal 4Q15 revenue of $341.4 million, a fall of 7.3% when compared to the company’s revenue of $368.4 million in fiscal 4Q14.
XLF’s Diversified Financial Services Subgroup Rises 2.1%
Diversified financial stocks within the Financial Select Sector SPDR Fund (XLF) rose 2.1% on November 18, 2015.
How Does Legg Mason Compare with Its Peers?
Peers have outperformed Legg Mason based on PBV. However, Legg Mason is way ahead of its peers based on PE.
Spotlight on the Asset Management Subsector
Among the 209 analysts following the ten stocks in the asset management subsector, 92 have given it a “buy” rating, 14 a “sell,” and 103 a “hold.”
Macroeconomic Factors Impact Legg Mason’s Assets Under Management
Legg Mason (LM) announced on May 1 that its assets under management were down by 1% to $702.7 billion when compared with the previous quarter.
T. Rowe Price Group Deploys Multiple Strategies to Grow Assets
T. Rowe Price Group manages $477.6 billion in sponsored mutual funds, the assets under management of which have grown 17% over the past three years.
T. Rowe Price Group: It Takes Seed Capital to Build New Funds
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: Distribution Channels Support Expansion
T. Rowe Price Group builds its base of assets under management using four main distribution channels, mainly third-party financial intermediaries.
T. Rowe Price Group: Balance Sheet Reflects Confidence
Over time, T. Rowe Price Group has increased funding for long-term initiatives to innovate, introduce new funds, and expand its distribution channels.
T. Rowe Price Group Stock Trades at a Premium
T. Rowe needs to diversity and reduce the risks arising from economic slowdowns in certain countries and regions.
T. Rowe Price Group a Good Pick for Growth and Retirement Options
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.
Position highlights from Trian Fund’s fourth quarter 13F
Trian Fund’s objective is to generate significant capital appreciation for investors using its operations-centric investment strategy.
Alternative assets likely to see contined growth in coming 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.
How investors benefit from alternative assets
Despite a unique set of risks, alternative assets provide tools to sophisticated investors to improve the risk-return tradeoff in their portfolios.
Close-ended funds: A niche product for wealthy investors
Close-ended funds are a cross between actively managed mutual funds and ETFs. But the cost of trading in close-ended funds is much higher.
Index funds offer innovative products, remain competitive
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.
Low cost, human-error-free index funds gain in popularity
Low cost is one of the reasons we’re seeing growing confidence in index funds. Index funds have experienced net inflows in each of last five years
Show it: How mutual funds make money
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.
The salient features of mutual funds
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.
How big is the asset management industry?
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 main players in asset management
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.
The lay of the land in the asset management sector
Sometimes the term “asset management” is also used to denote the upkeep of a plant, machinery, or equipment in order to generate better returns.
Will Bill Gross’s departure from PIMCO net profits for Janus?
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).
Must-know: Challenges in investment banking
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.
Taxable bond fund flow is still strong with tax free interest still low
Fixed income money flow continues to be dominated by the taxable category with only marginal interest by investors in the tax-free category