38.22 0.00 (0.01%)
After hours: 4:22PM EDT
|Bid||37.00 x 100|
|Ask||42.05 x 100|
|Day's range||37.54 - 38.23|
|52-week range||28.10 - 42.08|
|PE ratio (TTM)||15.89|
|Forward Dividend & Yield||1.12 (2.98%)|
|1y target est||N/A|
Deutsche Bank analyst Brian Bedell just extended his coverage of the asset management industry by adding five mid-cap stocks to the five large-cap stocks -- BlackRock (BLK), Affiliated Managers Group (AMG), ...
JPMorgan Chase (JPM) reported better-than-expected earnings this morning--though you wouldn't know it from looking at its stock price. And its results might also portend solid earnings from asset managers ...
U.S. mutual funds logged inflows of $17 billion last month, according to data from Morningstar. As for active funds, the first nine months of the year saw slightly negative fund flows, while passive and bond funds' flows notched organic growth of 9.9% and 8.5% each. Wells Fargo's Christopher Harris and his team attribute that trend to "both slower equity outflows and faster fixed-income inflows." They have a breakdown by firm: Mixed mutual fund results by manager. For the asset managers we cover, September’s U.S. mutual fund flows were generally negative in terms of net inflow or outflow but generally positive for the change from August’s flow results (see Exhibit 2).
Invesco (IVZ) witnesses a rise of 1.2% in its AUM for September, driven by higher Money Market AUM and favorable market returns.
Investors in Asia were tied with their peers in Europe for having the lowest proportion of optimistic investors, a survey found.
Asset manager Legg Mason (Frankfurt: 868079 - news) is setting up a management company in Ireland (Other OTC: IRLD - news) to ensure it can still sell its funds to European Union clients after Britain leaves the bloc. The U.S. group, which manages $713.8 billion through a number of independently managed affiliates, including Edinburgh-based Martin Currie, declined to say if any staff would move. Legg Mason's decision to bulk up its Dublin operation, which was first reported by The Irish Times on Friday, comes as financial service firms which sell into the EU look to protect themselves should Britain's divorce turn fractious.