Franklin Resources http://so-l.ru/tags/show/franklin_resources Fri, 19 Oct 2018 21:49:02 +0300 <![CDATA[Franklin Resources Inks Deal to Acquire FinTech Startup]]> Franklin Resources BEN entered into an agreement with a San Francisco based, FinTech startup — Random Forest Capital, LLC. Though the financial terms of transaction were not disclosed, Franklin disclosed that the acquired firm’s employees would be joining Franklin Templeton Fixed Income Group investment’s team.

Founded in 2016, Random Forest Capital applies machine learning and statistical algorithms for analyzing gains in financial investments. Per the website, the company utilizes machine learning methods which apply successfully to real-life applications from medical diagnoses to sports analysis.

Moreover, it has a cloud infrastructure that enables the team to take a large amount of unstructured data for analyzing and finding investment opportunities.

This strategic move is likely to aid Franklin’s research abilities in fixed income areas. It is also in sync with the company’s aim to keep pace with technology which has become an important aspect in the investment management scenario.

Per Jenny Johnson, president and COO of Franklin Templeton Investments “We continue to make strategic investments and acquisitions in emerging investment-related technologies to augment and support Franklin Templeton’s global offerings.”

Further, Chris Molumphy, CIO of Franklin Templeton Fixed Income Group added that “The advanced pace of technological disruption is impacting the traditional investment landscape, providing new ways to identify and originate investment opportunities that generate value for investors. As a creative group of entrepreneurs, the Random Forest team brings an expanded tool set that enables us to further enhance our investment expertise and adapt to the ever-changing investment landscape.”

Prior to this, in January 2018, Franklin announced its acquisition of Edinburgh Partners Limited, an independent fund management company that invests globally with an emphasis on absolute returns over long-term. As of Dec 31, 2017, Edinburgh Partners had nearly $10 billion in global and emerging markets equities.

Franklin’s distribution platform will be further bolstered by the current deal. Moreover, these buyouts would greatly diversify product offerings. The company’s cost control measures continue to support bottom-line growth. However, declining investment management fees remains a concern for the company. Further, strict regulatory environment is a headwind.

Shares of Franklin have lost 10.5% over the past six months, compared with 8.1% industry’s rally.

 

The stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stocks to Consider

Waddell & Reed Financial WDR has witnessed 18.5% upward estimate revisions for the last 60 days. In a year’s time, the company’s share price has gained more than 7%. It sports a Zacks Rank of 1.

Legg Mason LM carries a Zacks Rank #2 (Buy). Its earnings estimates for 2018 have been revised 18.1% upward over the last 60 days. Also, its shares have gained 18.9% in the past year.

Virtus Investment Partners VRTS carries a Zacks Rank of 2. The Zacks Consensus Estimate for the company has jumped 4.1% for the current year, in the last 60 days. Its share price has gained 20% in the past year.

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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_03_21_franklin_resources_inks_deal_to_acquire Wed, 21 Mar 2018 17:10:00 +0300
<![CDATA[T. Rowe Price (TROW) Records 2.3% Decline in February AUM]]> T. Rowe Price Group TROW announced preliminary assets under management (AUM) of $1.02 trillion for February 2018. Results reflect 2.3% fall from $1.05 trillion as of Jan 31, 2018.

Client transfers from mutual funds to other portfolios of $4.8 billion were recorded in February 2018.

Month-end total sponsored U.S. mutual funds came in at $616 billion, down nearly 3% from the prior month. Of the total sponsored U.S. mutual funds, around 79% were from stock and blended assets while the remaining 21% came from bond and money market.

Total other investment portfolios were $407 billion, reflecting a decrease of about 1% from the previous month. Overall, stock and blended assets accounted for $310 billion or 76.2% of other investment portfolios while bond, money market and stable value came in at $97 billion or 23.8%.

T. Rowe Price recorded $240 billion in target date retirement portfolios, which was down 2.4% from $246 billion in the prior month.

Our Viewpoint

T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.

Shares of T. Rowe Price have gained 64.52% in the past year, outperforming 25.2% rally of the industry it belongs to.

T. Rowe carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Investment Managers

Franklin Resources BEN has announced preliminary AUM by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline.

Invesco Ltd. IVZ reported preliminary month-end AUM of $945.4 billion for February 2018. The figure reflects decline of 2.8% from the prior month.

Legg Mason's LM preliminary AUM of $766.7 billion for February 2018 increased 1.7% sequentially.

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http://so-l.ru/news/y/2018_03_13_t_rowe_price_trow_records_2_3_declin Tue, 13 Mar 2018 17:30:00 +0300
<![CDATA[Invesco (IVZ) February AUM Down on Outflows & Unfavorable FX]]> Invesco Ltd. IVZ reported preliminary month-end assets under management (AUM) of $945.4 billion for February 2018. The figure reflects a decline of 2.8% from the prior month.

While higher money market AUM supported growth to some extent, the decrease in total AUM was due to unfavorable market returns, fee-earning AUM outflows and net long-term outflows. Also, FX decreased February AUM by $5.1 billion.

Invesco’s preliminary average total AUM for the quarter through Feb 28 was $954.4 billion while preliminary average active AUM was $750.4 billion.

At the end of the reported month, Invesco’s Equity AUM declined 4.6% from the prior month to $432.3 billion. Further, Fixed Income AUM of $226 billion decreased marginally from the January 2018 level.

Balanced AUM was $58.5 billion, falling 3% from the prior month. Also, Alternatives AUM decreased 2% from the preceding month to $145.3 billion. However, Money Market AUM was $83.3 billion, increasing slightly from the last month.

While the company has been witnessing continuous growth in AUM over the last few years, supporting revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind at present. Past year, shares of Invesco gained 9.3%, underperforming the industry’s rally of 25.2%.



Apart from Invesco, Franklin Resources, Inc. BEN declared preliminary AUM of $744.9 billion by its subsidiaries for February 2018, reflecting a decline of 3.4% from the prior month.

Also, Legg Mason, Inc. LM reported fall in AUM, as of Feb 28, 2018, compared with the prior month. Preliminary month-end AUM came in at $766.7 billion, down 1.7% from January 2018.

T. Rowe Price Group, Inc. TROW announced preliminary AUM of $1.02 trillion for February 2018. Results reflect 2.3% fall from $1.05 trillion as of Jan 31, 2018.

Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_13_invesco_ivz_february_aum_down_on_outfl Tue, 13 Mar 2018 17:19:00 +0300
<![CDATA[Legg Mason's (LM) AUM Down in February, Net Inflows Recorded]]> Legg Mason Inc. LM, headquartered at Baltimore, reported fall in assets under management (AUM), as of Feb 28, 2018, compared with the prior month. Preliminary month-end AUM came in at $766.7 billion, down 1.7% from January 2018.

February’s AUM displayed $2.8-billion fixed income inflows, equity inflows of $0.4 billion and $0.2 billion of alternative inflows, partly offset by liquidity outflows of $0.4 billion. Notably, negative foreign exchange impact of $1.2 billion remained an unfavorable factor.

Legg Mason’s equity AUM at the end of February slipped around 4.2% from the prior-month figure to $207.7 billion. Fixed income AUM edged down nearly 1% from the previous month to $421.6 billion. Further, alternative assets decreased moderately to $65.9 billion.

Fall in fixed income, equity AUM and Alternative AUM resulted in long-term AUM of $695.2 billion. The figure marked around 1.8% decline from the previous month. Moreover, liquid assets, which are convertible into cash, moved down slightly to $71.5 billion.

Competitive Landscape

Franklin Resources BEN has announced preliminary AUM by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline. However, the figure inched up around 1% from the prior year.

T. Rowe Price Group, Inc. TROW reported preliminary AUM of $1.02 trillion for February. Results reflect 2.9% fall from $1.05 trillion as of Jan 31, 2018. Client transfers from mutual funds to other portfolios totaled $4.8 billion for the month.

Invesco Ltd. IVZ reported preliminary month-end AUM of $945.4 billion for February 2018. The figure indicates 2.8% drop from the prior month. The AUM declined due to unfavorable market returns, foreign exchange, non-management fee earning AUM outflows and net long-term outflows, partially offset by higher money market AUM. Notably, FX decreased February AUM by $5.1 billion.

Our Viewpoint

Legg Mason has the potential to outperform its peers over the long run, backed by a diversified product mix and leverage to the changing market demography. Nonetheless, absence of continued growth in equity markets and foreign-exchange fluctuations remain headwinds.

Legg Mason currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Shares of the company have increased around 10.9% over the last six months, underperforming 13.5% growth recorded by the industry.



Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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Invesco Ltd. (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_03_13_legg_mason_s_lm_aum_down_in_february Tue, 13 Mar 2018 16:15:00 +0300
<![CDATA[Why Did Franklin's Shares Rise on Decline in February AUM?]]> Franklin Resources Inc. BEN has announced preliminary assets under management (AUM) by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline. However, the figure inched up around 1% from the prior year.

Despite the plunge in February AUM, investors are optimistic on expectations of better market conditions backed by the improving U.S. economy, which led shares to rise 2.38%, following the release.

Month-end total equity assets came in at $317.1 billion, down around 4.9% from the previous month but up 2.7% year over year. Of the total equity assets, around 66% were from international sources, while the remaining 34% came in from the United States.

Total fixed income assets were $280.9 billion, down 1.4% from the previous month and slightly from the prior year. Overall, tax-free assets accounted for only 24% of the fixed-income assets, while the remaining 76% was taxable.

Franklin recorded $140.1 billion in hybrid assets, which was down 3.6% from $145.4 billion witnessed in the previous month and 1.4% from $142.1 billion reported in February 2017.

Cash management funds came in at $6.8 billion, in line with the prior month and up from $6.3 billion recorded in the year-ago period.

The company’s global footprint is an exceptionally favorable strategic point as its AUM is well diversified. Nevertheless, regulatory restrictions and sluggish economic recovery might mar AUM growth and escalate costs.

Franklin currently carries a Zacks Rank #3 (Hold). Shares of the company have declined around 3.6% over the last six months compared with 15.4% growth recorded by the industry.


 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Among other asset managers, Invesco Ltd. IVZ, T. Rowe Price Group, Inc. TROW and Legg Mason Inc. LM are expected to release preliminary AUM results for February 2018, later this week.

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Legg Mason, Inc. (LM): Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_12_why_did_franklin_s_shares_rise_on_declin Mon, 12 Mar 2018 17:19:00 +0300
<![CDATA[Franklin Resources AUM slides in February]]> http://so-l.ru/news/y/2018_03_09_franklin_resources_aum_slides_in_februar Fri, 09 Mar 2018 20:11:45 +0300 <![CDATA[Federated (FII) or Franklin (BEN): Which Stock is Better?]]> Federated Investors, Inc. FII and Franklin Resources, Inc. BEN — the two investment managers — have market capitalization of $3.5 billion and $23.9 billion, respectively. Being based in the same region, both companies are influenced by a similar economic environment.

The Zacks Industry Rank is #76 (top 30% of the 250 plus Zacks industries) for the industry, to which these companies belong to. Our back-testing shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than two to one.

Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the industry well. In terms of price performance, Federated’s shares have gained 23.3% over the past year, while Franklin’s shares have declined 7.4%.

Though both asset managers have similar business trends, deeper research into the financials will help decide which investment option is better.



Federated

Federated has a trailing 12-month ROE of 33.2% compared with the industry average of 13.5%. This shows the company reinvests its earnings more efficiently.

Further, the stock looks undervalued with respect to its price-to-earnings (P/E) and PEG ratios. It has a P/E ratio of 11.99 compared with the S&P 500 average of 17.7. Further, the PEG ratio is 1.3 compared with the S&P 500 average of 1.87.

In addition, Federated’s debt/equity ratio is valued at 0.22 compared to the S&P 500 average of 0.70, indicating a relatively lower debt burden. It highlights the financial stability of the company even in adverse economic conditions. Moreover, its earnings for the current year are projected to jump 27.5%, while sales are likely to record growth of 2.4%.

Analysts seem optimistic about the stock’s earnings prospects. Over the last 60 days, Federated has witnessed four upward revisions (against no downward revisions) for 2018. The Zacks Consensus Estimate has moved up 23% to $2.78 for the year.

Federated has a Value Score of B. Further, the stock flaunts a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Value Score of B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.

Franklin

Franklin has a trailing 12-month Return on Equity (ROE) of 13.9% compared with the industry average of 13.5%. This suggests that the company is more efficient in reinvesting its earnings.

Further, its debt/equity ratio of 0.09 comes below the S&P 500 average of 0.70. This reflects that the company has a relatively lower debt burden and will be financially stable during turbulent economic conditions.

Additionally, the stock looks undervalued with respect to its P/E and P/B ratios. It has a forward P/E ratio of 12.06 compared with the S&P 500 average of 17.7. Furthermore, the company’s P/B ratio of 1.8 comes below the S&P 500 average of 3.34.

Moreover, the company’s current-year earnings are projected to rise 8.3%, while sales are estimated to inch up 1.6%.

Also, analysts seem optimistic about the stock’s financial performance. For the current year, it witnessed six upward revisions (against no downward revision) over the past two months. As a result, the Zacks Consensus Estimate for 2018 has climbed 11.3% to $3.26.

Franklin currently carries a Zacks Rank #2. Also, it has a Value Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.

Our Take

Both Federated and Franklin look well positioned in terms of ROE, Zacks Rank, undervalued shares and Value Score. However, better sales and earnings growth potential make Federated a better pick.

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In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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Federated Investors, Inc. (FII): Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_27_federated_fii_or_franklin_ben_which Tue, 27 Feb 2018 16:21:00 +0300
<![CDATA[Franklin (BEN) Announces Special Dividend: Should You Buy?]]> Franklin Resources, Inc. BEN has announced a special cash dividend of $3 per share, to be paid on Apr 12, to shareholders of record as of Mar 29. Along with this, the company has announced a regular quarterly cash dividend of 23 cents per share, which will be paid on the same date.

Given that the new Tax Act improved the company’s capital position as well as its financial strength, management feels that a special dividend is the best way to return capital to shareholders.

According to 551.7 million of shares outstanding as of Jan 23, 2018, this special dividend represents a total payment of $1.7 billion.

In fact, the company’s chairman and CEO, Greg Johnson, said, “This dividend is consistent with our long-term capital management policies and our commitment to our stockholders. We will continue to prudently invest in our business, actively pursue strategic and accretive acquisitions, buyback our stock when it makes economic sense, and distribute the rewards of those investments to our stockholders over time.”

Notably, the company also paid a special cash dividend of 50 cents per share in January 2015. Moreover, it has hiked its dividend every year since its inception in 1981, the latest being a 15% increase in December 2017. Further, the company has an efficient share repurchase program in place.

Given a solid capital and liquidity position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities.

However, question arises, whether it is worth considering Franklin stock for earning this dividend income.

Let’s delve deeper into its financial performance and fundamentals to understand the risk and reward.

Earnings: Although the company has witnessed nearly 4% decline in its earnings per share (EPS) over the last three-five years, it is expected to deliver a strong earnings performance in the near-term as indicated by its projected EPS growth of nearly 8% and 6.7% for fiscal 2018 and 2019, respectively. Moreover, its long-term (three-five years) projected EPS growth of 9.1% promises reward for shareholders.

Valuation: Franklin stock looks overvalued, based on its price-to-earnings (F1) and price-to-sales ratios. The company currently has a P/E (F1) ratio of 11.94 and a P/S ratio of 3.32, which are above the industry averages of 11.76 and 3.09, respectively.

Leverage: Franklin has a debt/equity ratio of 0.09, which compares favorably with the industry average of 0.11. This indicates that the company has a lower debt burden, relative to the industry and that it will be financially stable, even in adverse economic conditions.

Return on Equity (ROE): The company’s ROE of 13.88% is higher than the industry average of 13.45%. This reflects that it is more efficient in utilizing shareholder funds, compared with its peers.

Expenses: Franklin has been successful in reducing costs for the last few years. Expenses have declined nearly 7%, 14% and 3% in fiscals 2015, 2016 and 2017, respectively. Thus, lower expenses are expected to aid bottom-line growth in the quarters ahead.

Share Price Movement: The company’s price performance does not look impressive. Its shares have lost 5.8% in the past year, as against 19.9% growth for the industry it belongs to.





Our Take

While a stretched valuation and poor price performance make us a little apprehensive about the stock, we believe that it is a wise idea to add the stock to your portfolio now, given its declining expenses, a lower debt burden, superior ROE and good earnings growth prospects.

Moreover, its Zacks Consensus Estimate for the current fiscal-year earnings has been revised nearly 3.5% upward over the last 30 days, indicating analysts’ optimism regarding its earnings growth potential. Thus, the stock currently carries a Zacks Rank #2 (Buy).

Other Stocks to Consider

A few other stocks in the same space worth considering are Waddell & Reed Financial, Inc. WDR, Federated Investors, Inc. FII and Affiliated Managers Group, Inc. AMG.

Waddell & Reed’s Zacks Consensus Estimate for current-year earnings has increased 11.6% in the last 30 days. The company’s share price has increased 12.3% in the past year. It currently sports a Zacks Rank #1 (Strong Buy).

Federated Investors’ earnings estimates for the current year have been revised 1.5% upward, over the last 30 days. Further, in a year’s time, the company’s shares have jumped 24.9%. It also carries a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Affiliated Managers has a Zacks Rank #2. Its earnings estimates have been revised 2.9% upward for 2018, in the last 30 days. Also, its share price has increased 12.8% over the past year.

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Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_15_franklin_ben_announces_special_dividen Thu, 15 Feb 2018 16:00:00 +0300
<![CDATA[Legg Mason's (LM) AUM Up in January, Net Outflows Recorded]]> Legg Mason Inc. LM, headquartered at Baltimore, reported 1.6% rise in assets under management (AUM), as of Jan 31, 2018, compared with the prior month. Preliminary month-end AUM came in at $779.6 billion, up 1.6% from December 2017.

January’s AUM displayed $2.1-billion fixed income inflows, mostly offset by net equity outflows of $1.4 billion, liquidity outflows of $1.6 billion and $0.1 billion of alternative outflows. Notably, positive foreign exchange impact of $4.1 billion remained a favorable factor.

Legg Mason’s equity AUM at the end of January increased around 4.4% from the prior-month figure to $216.7 billion. Fixed income AUM inched up 1.2% from the previous month to $425 billion. However, alternative assets edged down moderately to $66 billion.

Rise in fixed income and equity AUM, partially offset by lower Alternative AUM, resulted in long-term AUM of $707.7 billion. The figure marked around 2% growth from the previous month. However, liquid assets, which are convertible into cash, moved down 1.8% to $71.9 billion.

Competitive Landscape

Franklin BEN has announced preliminary AUM by its subsidiaries of $770.8 billion for January 2018. Results display 2.3% rise from $753.8 billion recorded as of Dec 31, 2017. Nevertheless, the figure ascended 5.8% year over year.

T. Rowe Price Group, Inc. TROW reported preliminary AUM of $1.05 trillion for January. Results reflect 5.7% rise from $991 billion as of Dec 31, 2017. Client transfers from mutual funds to other portfolios totaled $3.7 billion for the month.

Among others, Invesco Ltd. IVZ is expected to announce preliminary month-end AUM for January 2018, later this week.

Our Viewpoint

Legg Mason has the potential to outperform its peers over the long run, backed by a diversified product mix and leverage to the changing market demography. Nonetheless, absence of continued growth in equity markets and foreign-exchange fluctuations remain headwinds.

Legg Mason currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of the company have inched up around 1.8% over the last six months, underperforming 7.7% growth recorded by the industry.



The Hottest Tech Mega-Trend of All
 
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Invesco PLC (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_13_legg_mason_s_lm_aum_up_in_january_net Tue, 13 Feb 2018 17:24:00 +0300
<![CDATA[T. Rowe Price (TROW) Records 5.7% Increase in January AUM]]> T. Rowe Price Group TROW announced preliminary assets under management (AUM) of $1.05 trillion for January 2018. Results reflect 5.7% rise from $991 billion as of Dec 31, 2017.

Client transfers from mutual funds to other portfolios of $3.7 billion were recorded in January 2018.

Month-end total sponsored U.S. mutual funds came in at $637 billion, up nearly 5% from the prior month. Of the total sponsored U.S. mutual funds, around 80% were from stock and blended assets while the remaining 20% came from bond and money market.

Total other investment portfolios were $410 billion, reflecting an increase of 6.5% from the previous month. Overall, stock and blended assets accounted for $315 billion or 76.8% of other investment portfolios while bond, money market and stable value came in at $95 billion or 23.2%.

T. Rowe Price recorded $244 billion in target date retirement portfolios, which was up 5.2% from $232 billion in the prior month.

Our Viewpoint

T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.

Shares of T. Rowe Price have gained 25.2% in the past six months, outperforming 7.7% rally of the industry it belongs to.

T. Rowe carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Investment Managers

Franklin Resources BEN declared preliminary AUM of $770.8 billion by its subsidiaries for January 2018, reflecting an increase of 2.3% from the prior month.

Invesco Ltd. IVZ announced an increase in its preliminary month-end AUM for January 2018. The company’s AUM came in at $972.6 billion, a rise of 3.7% from $937.6 billion in the prior month.

Legg Mason's LM preliminary AUM of $779.6 billion for January 2018 increased 1.6% sequentially.

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Invesco PLC (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_13_t_rowe_price_trow_records_5_7_increa Tue, 13 Feb 2018 17:08:00 +0300
<![CDATA[Franklin's (BEN) January AUM Up, Hybrid & Equity Assets Rise]]> Franklin Resources Inc. BEN has announced preliminary assets under management (AUM) by its subsidiaries of $770.8 billion for January 2018. Results display 2.3% rise from $753.8 billion recorded as of Dec 31, 2017. However, the figure moved up 5.8% from the prior year.

Month-end total equity assets came in at $333.6 billion, around 3.8% up from the previous month and 9.2% year over year. Of the total equity assets, around 66% were from international sources, while the remaining 34% came in from the United States.

Total fixed income assets were $285 billion, slightly up from the previous month and 2.6% from the prior year. Overall, tax-free assets accounted for only 24% of the fixed-income assets, while the remaining 76% was taxable.

Franklin recorded $145.4 billion in hybrid assets, which was up 1.9% from $142.7 billion recorded in the previous month and 4.4% from $139.3 billion recorded in January 2017.

Cash management funds were reported at $6.8 billion, up from $6.6 billion recorded in the prior month and $6.2 billion in the year-ago period.

The company’s global footprint is an exceptionally favorable strategic point as its AUM is well diversified. Nevertheless, regulatory restrictions and sluggish economic recovery might mar AUM growth and escalate costs.

Franklin currently carries a Zacks Rank #2 (Buy). Shares of the company have declined around 10.9% over the last six months compared with 7.9% growth recorded by the industry.



You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Among other asset managers, Invesco Ltd. IVZ, T. Rowe Price Group, Inc. TROW and Legg Mason Inc. LM are expected to release preliminary AUM results for January 2018, early next week.

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Invesco PLC (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_09_franklin_s_ben_january_aum_up_hybrid Fri, 09 Feb 2018 18:06:00 +0300
<![CDATA[Franklin Resources (BEN) Q1 Earnings Beat Estimate, AUM Up]]> Have you been eager to see how Franklin Resources Inc. BEN performed in fiscal Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this CA-based popular asset management firm’s earnings release this morning:

An Earnings Beat

Franklin Resources came out with adjusted earnings per share of 88 cents, beating the Zacks Consensus Estimate of 75 cents. Higher revenues and strong assets under management were primarily responsible for the beat. Results exclude income tax charge related to the tax reform.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Franklin Resources depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last seven days.

Further, Franklin Resources has a decent earnings surprise history. Before posting earnings beat in fiscal Q1, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 7.31% in the trailing four quarters.
 

Revenue Came In As Expected    

Franklin Resources posted revenues of $1.62 billion, in line with the Zacks Consensus Estimate. However, it compared favorably with the year-ago number of $1.56 billion.

Key Stats to Note:

  • Operating expenses were up 6% year over year
  • Revenues were up 4% year over year
  • Assets Under Management were up 5% year over year
  • Results reflect income tax charge of $1.1 billion or $1.94 per share associated with the tax reform

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Franklin Resources. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Check back later for our full write up on this Franklin Resources earnings report!

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Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_30_franklin_resources_ben_q1_earnings_bea Tue, 30 Jan 2018 17:43:00 +0300
<![CDATA[Franklin (BEN) to Post Q1 Earnings: A Surprise in the Cards?]]> Franklin Resources, Inc. BEN is scheduled to report first-quarter fiscal 2018 results, before the opening bell on Jan 30. Earnings are projected to decline year over year, while revenues might escalate.

Last quarter, Franklin outpaced the Zacks Consensus Estimate, driven by rise in revenues. Also, assets under management (AUM) growth remained strong.

Further, Franklin recorded positive earnings surprise in three of the trailing four quarters, with an average positive surprise of 7.31%.
 

Additionally, activities of the company in the fiscal first quarter encouraged analysts to revise estimates upward. As a result, the Zacks Consensus Estimate for earnings of 75 cents inched up nearly 1.4% over the last 30 days. However, the figure reflects year-over-year decline of 2.6%.

Why a Likely Positive Surprise?

Our proven model shows that Franklin is likely to beat on earnings in the fiscal first quarter. This is because the company has the combination of two key ingredients for a possible earnings beat — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold).

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks ESP: The Earnings ESP for Franklin is currently pegged at +0.98%.

Zacks Rank: The combination of Franklin’s Zacks Rank #2 and a positive ESP makes us confident of an earnings beat.  

Factors to Influence Q1 Results

Strong Market Performance to Benefit Franklin: Performance of equity markets remained strong during the October-December quarter. The S&P 500 Index gained nearly 6.64% in the quarter. Moreover, the index measuring international equity performance — the MSCI EAFE — climbed around 4.23%. This is anticipated to benefit this California-based asset manager.

Higher AUM: Given Franklin’s AUM disclosure for December 2017 and equity market rally, the results are predicted to display higher AUM on a year-over-year basis. Additionally, the company is expected to record inflows mainly tied with Global Equity and U.S. Equity. Per the Zacks Consensus Estimate, total AUM for the to-be-reported quarter is expected to rise 5.1% to $757 million on a year-over-year basis.

Increase in Revenues: Investment management fees, which mark a significant portion of the company’s revenues, might improve on the back of market strength. The consensus estimate for investment management fees of $1.12 billion reflects nearly 5.7% growth year over year. Further, sales and distribution fees is projected to rise 2.9% year over year to $431 million in the quarter to be reported.

Overall, the Zacks Consensus Estimate for revenues of $1.62 billion indicates a year-over-year increase of 3.96%.

Controlled Expenses: Management remains focused on effective cost control. While potential investments in the technology front might escalate expenses in fiscal 2018, previous cost-cutting initiatives are likely to reflect optimism.

Stocks that Warrant a Look

Here are some stocks you may want to consider, as according to our model these have the right combination of elements to post an earnings beat this quarter.

T. Rowe Price Group TROW is scheduled to report fourth-quarter results on Jan 30. It has an Earnings ESP of +0.90% and a Zacks Rank #2. You can the complete list of today’s Zacks #1 Rank stocks here.

The Earnings ESP for Apollo Global Management, LLC APO is +3.61% and it carries a Zacks Rank #2. The company is slated to release fourth-quarter numbers on Feb 1.

Eaton Vance Corp. EV has an Earnings ESP of +0.64% and a Zacks Rank #1. It is set to report results on Feb 28.

Zacks Top 10 Stocks for 2018

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
Eaton Vance Corporation (EV): Free Stock Analysis Report
 
Apollo Global Management, LLC (APO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_29_franklin_ben_to_post_q1_earnings_a_su Mon, 29 Jan 2018 17:37:00 +0300
<![CDATA[Shares Up on Federated's (FII) Q4 Earnings Beat, Costs Down]]> Federated Investors, Inc. FII posted a positive earnings surprise of around 3.4% for fourth-quarter 2017, keeping the earnings surprise streak alive of earnings beat. Following the impressive results, shares gained 3.9%.

Adjusted earnings per share of 61 cents beat the Zacks Consensus Estimate by 2 cents and also improved 17%, year over year, from 52 cents. Results exclude tax benefits of $70.4 million or 70 cents per share related to the tax reform.

Including tax benefits, net income for the quarter came in at $131.8 million or $1.31 per share compared with $55.8 million or 52 cents reported in the year-ago quarter.

Results were chiefly backed by lower expenses, driven by reduced voluntary fee waivers. Also, assets under management (AUM) improved during the quarter. However, lower revenues were the undermining factor.

For full-year 2017, adjusted net income was $220.9 million or $2.18 per share, up from $208.9 million or $2.03 per share in the prior year.

Downtrend in Revenues, Costs Down
 
For 2017, total revenues came in at $1.1 billion, down 4% year over year.

Total revenues in the fourth quarter declined 4% year over year to $278.3 million. Moreover, the figure missed the Zacks Consensus Estimate of $284 million.

The year-over-year decline in revenues was mainly due to the change in a customer relationship and altered average money market assets mix. This was partially mitigated by decreased voluntary fee waivers related to certain money market funds and increased revenues resulting from higher average equity and fixed-income assets.

Also, net investment advisory fees dropped 5% year over year to $186.1 million. In addition, net service fees (other) marked a 1% decrease, amounting to $43.1 million. Further, administrative service fees were down 5% year over year to $49.1 million.

During the reported quarter, Federated derived 40% of its revenues from money market assets, and remaining 60% from equity and fixed-income assets.

Furthermore, supported by a rise in net investment income, the company recorded a spectacular improvement in non-operating income of $2.4 million in the quarter, significantly up year over year.

Total operating expenses dipped 9% year over year to $187.5 million. The fall primarily exhibits decline in distribution expenses associated with a change in a customer relationship and reduced average money market fund assets, partially mitigated by increased distribution expenses related to lower voluntary yield-related fee waivers.

Steady Asset Position

As of Dec 31, 2017, total AUM was $397.6 billion, up 9% year over year. Average managed assets were $382 billion, up 7% from the prior-year quarter.

Federated witnessed equity assets of $68.1 billion, up 9% year over year. Additionally, fixed-income assets grew 25% year over year to $64.2 billion.

Additionally, money market assets increased 5% year over year to $265.2 billion. However, money market mutual fund assets came in at $185.5 billion, down 10% year over year.

As of Dec 31, 2017, cash and other investments were $369.5 million and total long-term debt totaled $170 million, compared with $301.1 million and $165.8 million, respectively, as of Dec 31, 2016.

Capital Deployment Update

For 2017, Federated repurchased 1.84 million shares of Federated class B common stock for $47 million. Notably, during the fourth quarter, the company repurchased 197,237 shares of Federated class B common stock for $4.6 million.

Our Viewpoint

Federated displays substantial growth potential on the back of its diverse asset and product mix, as well as a solid liquidity position. Furthermore, strategic acquisitions are anticipated to be favorable for the company. Additionally, with rise in interest rates, lower fee waivers are expected to aid the company’s top-line performance. Moreover, lower expenses could aid the company’s bottom-line performance further.
 

Federated Investors, Inc. Price, Consensus and EPS Surprise

Federated Investors, Inc. Price, Consensus and EPS Surprise | Federated Investors, Inc. Quote

Currently, Federated flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Among other investment managers, Legg Mason Inc. LM reported third-quarter fiscal 2018 (ended Dec 31) reported adjusted net income of $1.02 per share, significantly up 59.4% year over year. Results exclude tax benefit of $213.7 million, or $2.27 per share, and certain one-time items. The Zacks Consensus Estimate was 84 cents. Top-line strength and steady assets under management (AUM) were the tailwinds. Nevertheless, rise in expenses remained a major drag.

Further, T. Rowe Price Group, Inc. TROW and Franklin Resources, Inc. BEN are scheduled to report December quarter-end results on Jan 30.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Federated Investors, Inc. (FII): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_29_shares_up_on_federated_s_fii_q4_earnin Mon, 29 Jan 2018 16:30:00 +0300
<![CDATA[What's in Store for Principal Financial (PFG) This Earnings?]]> Principal Financial Group, Inc. PFG is set to report fourth-quarter 2017 results on Jan 29 after the market closes. The company delivered a negative earnings surprise last quarter.

Let’s see, what it has in store for this soon-to-be reported quarter.

The company’s fee-based revenue sources and improved investment income likely have driven its top line.

Better performance in asset management and asset accumulation segments owing to core growth as well as strategic acquisition are anticipated to have fueled improvement of assets under management.

The company’s bottom line is expected to have benefited from share buybacks.  Principal Financial estimates capital deployment ranging between $800 million and $1.1 billion in 2017.

Encouraging results at Principal Global Investors coupled with lower claims in sales related expenses in Specialty Benefits along with macro factors have possibly aided operating earnings in the quarter to be reported.

However, escalating expenses are predicted to have weighed on the desired margin expansion.

The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.37 on revenues of $3.32 billion. While the bottom line reflects a 7.9% increase, the top line translates to a decline of 7.5%, both on a year-over-year basis.

For 2017, Principal Financial estimates net revenue growth in the range of 2-5% at Retirement and Income Solutions — Fees and 5-10% rise at Retirement and Income Solutions — Spread. Revenues are estimated to increase in the range of 4-8% at Principal Global Investors. Principal International is expected to deliver net revenue growth between 11% and 14% in 2017. Premium and fees at Individual Life are projected to increase in the 3-6% range while the same at Specialty Benefits is forecast to increase 7-9%.

Principal Financial Group Inc Price and EPS Surprise

 

What Our Quantitative Model Predicts

Our proven model does not conclusively show that Principal Financial is likely to beat estimates this quarter. This is because a stock must have the right combination of the two main ingredients — a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for an earnings beat. But that is not the case here as u can see below.

Zacks ESP: Principal Financial has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.37. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: Principal Financial carries a Zacks Rank #3, which increases the predictive power of ESP. However, an earnings ESP of 0.00% makes surprise prediction difficult.

You can see the complete list of today’s Zacks #1 Rank stocks here.

We caution against all Sell-rated stocks (#4 or 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Some investment managers worth considering from the finance sector with the right combination of elements to come up with an earnings beat this time around are as follows:

Franklin Resources, Inc. BEN has an Earnings ESP of +0.98% and a Zacks  Rank #2.The company is slated to report fourth-quarter earnings on Jan 30.

T. Rowe Price Group, Inc. TROW is set to release fourth-quarter financial numbers on Jan 30. The company has an Earnings ESP of +0.90% and a Zacks Rank of 2.

Apollo Global Management, LLC APO is set to announce fourth-quarter results on Feb 1. The company has an Earnings ESP of +4.30% and is a Zacks #2 Ranked player.

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Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
Apollo Global Management, LLC (APO): Free Stock Analysis Report
 
Principal Financial Group Inc (PFG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_26_what_s_in_store_for_principal_financial Fri, 26 Jan 2018 16:13:00 +0300
<![CDATA[Legg Mason (LM) Q3 Earnings Improve, Tax Benefit Recorded]]> Legg Mason Inc. LM reported third-quarter fiscal 2018 (ended Dec 31) reported adjusted net income of $1.02 per share, up 59.4% year over year. Results exclude tax benefit of $213.7 million, or $2.27 per share, and certain one-time items. The Zacks Consensus Estimate was 84 cents.

Top-line strength and steady assets under management (AUM) were the tailwinds. However, rise in expenses remain a major drag.

Including tax benefit and one-time items, Legg Mason reported net income of $149.2 million or $1.58 per share compared with $51.4 million or 50 cents recorded in the year-ago quarter.

Revenues Rise, Expenses Flare Up

Legg Mason’s total operating revenues in the quarter came in at $793.1 million, up 11% year over year. The upsurge was mainly due to elevated average long-term AUM and non-pass performance fees, as well as higher pass-through performance fees. In addition, revenues outpaced the Zacks Consensus Estimate of $764.4 million.

Investment advisory fees increased 13.8% year over year to $710 million in the quarter. Further, other revenues climbed 31.2% year over year to $1.64 million. Yet, distribution and service fees were down 9.6% year over year to $81.5 million.

Operating expenses escalated 36% to $820.4 million on a year-over-year basis. The rise was chiefly due to higher compensation and benefits expenses, other expenses and impairment of intangible assets.

Adjusted operating margin of Legg Mason was 27.2%, up from 23.9% recorded in the prior-year quarter.

Solid Assets Position

As of Dec 31, 2017, Legg Mason’s AUM was $767.2 billion, up 8% year over year from $710.4 billion. Of the total AUM, fixed income constituted 55%, equity 27%, liquidity 9% and alternatives represented 9%.

AUM inched up 1.7% sequentially from $754.4 billion as of Sep 30, 2017, driven by upbeat market performance, and other of $13.5 billion, long-term inflows of $2.2 billion and $0.1 billion in acquisitions. These positives were partially offset by liquidity outflows of $2.3 billion, $0.4 billion in negative foreign exchange and realizations of $0.3 billion.

Notably, long-term net inflows of $2.2 billion included equity outflows of $3.2 billion offset by fixed income inflows of $5.4 billion. Additionally, average AUM was $759.9 billion compared with $716.7 billion witnessed in the prior-year quarter and $750.3 billion in the previous quarter.

Strong Balance Sheet

As of Dec 31, 2017, Legg Mason had $680 million in cash. Total debt was $2.5 billion, while shareholders’ equity came in at $3.8 billion.

The ratio of total debt to total capital (total equity plus total debt excluding consolidated investment vehicles) was 39%, an increase from 36% in the prior quarter.

Capital Deployment Update

Legg Mason retired 7.5 million shares at a total cost of $299 million in the reported quarter.

Our Viewpoint

We believe Legg Mason has the potential to outperform its peers over the long run, given its diversified product mix and leverage in the changing market demography. In addition to these, with strategic acquisitions, restructuring initiatives and cost-cutting measures, we anticipate operating efficiencies to improve. Also, steady capital deployment activities continue to boost investors’ confidence in the stock. However, escalating expenses remain a key concern.

Legg Mason, Inc. Price, Consensus and EPS Surprise

Legg Mason, Inc. Price, Consensus and EPS Surprise | Legg Mason, Inc. Quote

Legg Mason currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Competitive Landscape

BlackRock, Inc. BLK posted fourth-quarter and full-year 2017 results. Adjusted earnings for the quarter came in at $6.24 per share, which outpaced the Zacks Consensus Estimate of $6.08. Also, the bottom line came in 21% higher than the year-ago quarter. Results benefited from an improvement in revenues, rise in AUM and steady long-term inflows. However, increase in operating expenses acted as a headwind.

Among others, Franklin Resources, Inc. BEN and T. Rowe Price Group, Inc. TROW will report December quarter-end results on Jan 30.

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
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Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
BlackRock, Inc. (BLK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_25_legg_mason_lm_q3_earnings_improve_tax Thu, 25 Jan 2018 17:33:00 +0300
<![CDATA[Can High Revenues Drive Northern Trust's (NTRS) Q4 Earnings?]]> Northern Trust Corporation’s NTRS fourth-quarter results, scheduled for Jan 24, are expected to reflect a year-over-year rise in earnings and revenues.

Notably, the company provides majority of its asset management services through the C&IS unit, which generates more than 50% of total revenues. A rise in revenues in this segment will boost overall revenues for the company. The Zacks Consensus Estimate of $1.41 billion for sales for the to-be-reported quarter reflects a year-over-year improvement of 13.3%.

Moreover, Northern Trust uses a lag effect to calculate its corporate custody and investment management fees, i.e. the computations are based on the prior quarter-end valuations. Since the performance of equity markets were relatively decent in the fourth quarter, the company will likely be able to register growth in custody, servicing and management fees.

Here are the other factors that might influence the company’s Q4 performance:

Modest Rise in Net Interest Income (NII): Overall loan growth remained decent in the quarter. Given the improvement in loan balances, along with the effect of rising interest rates, Northern Trust should record an increase in NII.

Foreign Exchange Trading Revenues to Remain Stable: Given the mixed trend in foreign exchange (“FX”) trading volatility and volumes in the fourth quarter, the company’s revenues from FX trading might remain flat for the quarter.

Marginal Increase in Expenses: Despite some cost-saving initiatives, Northern Trust’s continued investments in new business activities may lead to a marginal rise in expenses. Further, management expects transaction and integration costs relating to the acquisition of UBS Asset Management’s fund administration units in Luxembourg and Switzerland to be $8-$10 million in the fourth quarter.

Adverse Impact of New Tax Code: The tax reform might result in elevated operating expenses from one-time bonus payments, higher charitable contributions and investment losses from securities portfolio restructurings. Also, though the company has not provided any information about the write-down of deferred tax assets (DTAs), it might record a significant one-time charge in the quarter.

Let’s have a look at what our quantitative model predicts:

Our proven model indicates that chances of Northern Trust beating the Zacks Consensus Estimate are high as it has the right combination of the two key ingredients — positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold).

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter

Zacks ESP: The Earnings ESP for Northern Trust is +0.09%.

Zacks Rank: The combination of Northern Trust’s Zacks Rank #2 and a positive ESP makes us confident of an earnings beat.

However, activities of the company during the quarter under review were unable to win analysts’ confidence. As a result, the Zacks Consensus Estimate for earnings of $1.30 remained unchanged over the last seven days. Nevertheless, the figure reflects a year-over-year improvement of 17.1%.
 

Stocks That Warrant a Look

Here are some other stocks you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.

The Earnings ESP for Legg Mason, Inc. LM is +0.18% and the stock flaunts a Zacks Rank of 1. The company is scheduled to release December quarter-end results on Jan 24. You can see the complete list of today’s Zacks #1 Rank stocks here.

T. Rowe Price Group, Inc. TROW is slated to release results on Jan 30. The company has an Earnings ESP of +1.49% and carries a Zacks Rank of 2.

Franklin Resources, Inc. BEN has an Earnings ESP of +0.98% and holds a Zacks Rank of 2. It is scheduled to report results on Jan 30.

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Northern Trust Corporation (NTRS): Free Stock Analysis Report
 
T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_23_can_high_revenues_drive_northern_trust_s Tue, 23 Jan 2018 18:38:00 +0300
<![CDATA[Legg Mason (LM) Records Outflow in December Yet AUM Rises]]> Legg Mason Inc. LM, headquartered at Baltimore, reported an 8% rise in assets under management (AUM), as of Dec 31, 2017, compared with the prior-year figure. Preliminary month-end AUM was $767.2 billion, up 8% from December 2016.

December’s AUM displayed $1.7-billion fixed income inflows and $0.2-billion of alternative inflows, which were more than offset by equity outflows of $1.9 billion and $2.7 billion of liquidity outflows. Positive foreign exchange impact of $0.8 billion also remained a favorable factor.

Legg Mason’s equity AUM at the end of December 2017 rose around 22.8% from the prior-year figure to $207.6 billion. Fixed income AUM moved up 10.2% from the previous year to $420.1 billion. However, alternative assets declined 7.3% to $66.3 billion.

Rise in fixed income and equity AUM, partially offset by lower Alternative AUM, resulted in long-term AUM of $694 billion. The figure marked 11.6% growth from the previous year. However, liquid assets, which are convertible into cash, moved down 17.6% to $73.2 billion.

Competitive Landscape

Among other investment managers, Franklin Resources Inc. BEN announced preliminary AUM by its subsidiaries of $753.8 billion for December 2017. Results display a marginal rise from $753.2 billion recorded as of Nov 30, 2017. However, the figure moved up 4.7% from the prior year.

Invesco Ltd. IVZ reported preliminary month-end AUM of $937.6 billion for December 2017. The figure remains unchanged from the prior-month number. The AUM benefited from net long-term inflows. Also, FX increased December AUM by $1.1 billion. However, these were offset by a decline in money market AUM, PowerShares QQQs outflows and unfavorable market returns.

T. Rowe Price Group, Inc. TROW announced preliminary AUM of $991 billion for December 2017. The numbers remained unchanged from the prior-month figure. Client transfers from mutual funds to other portfolios of $1.7 billion were recorded in December 2017.

Our Viewpoint

Legg Mason has the potential to outperform its peers over the long run, backed by a diversified product mix and leverage to the changing market demography. However, the absence of continued growth in equity markets and foreign exchange fluctuations remain headwinds.

Legg Mason currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of the company rallied around 40.4% in 2017, outperforming 31.2% growth recorded by the industry.



 

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Invesco PLC (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_12_legg_mason_lm_records_outflow_in_decem Fri, 12 Jan 2018 16:07:00 +0300
<![CDATA[Ротшильдам нужна украинская земля - 42 миллионов гектаров - 60% мировых запасов черноземов]]> http://so-l.ru/news/y/2017_12_28_rotshildam_nuzhna_ukrainskaya_zemlya_42_m Thu, 28 Dec 2017 08:57:41 +0300 <![CDATA[Legg Mason's (LM) AUM Up in November, Net Inflows Recorded]]> Legg Mason Inc. LM, headquartered at Baltimore, reported 1% rise in assets under management (AUM), as of Nov 30, 2017, compared with the prior month. Preliminary month-end AUM came in at $763 billion, up 1% from October 2017.

November’s AUM displayed $1.4 billion fixed income inflows and $1.9 billion liquidity inflows, partly offset by equity outflows of $1 billion and $0.3 billion of alternative outflows. Notably, positive foreign exchange impact of $0.8 billion also remained a favorable factor.

Legg Mason’s equity AUM at the end of November 2017 inched up around 1.6% from the prior-month figure to $206.7 billion. Fixed income AUM moved up slightly from the previous month to $415.1 billion. However, alternative assets edged down moderately to $65.3 billion.

Rise in fixed income and equity AUM, partially offset by lower Alternative AUM, resulted in long-term AUM of $687.1 billion. The figure marked marginal growth from the previous month. Additionally, liquid assets, which are convertible into cash, moved up 2.7% to $75.9 billion.

Competitive Landscape

Among other investment managers, Franklin Resources Inc. BEN announced preliminary AUM by its subsidiaries of $753.2 billion for November 2017. Results displayed improvement from $750.7 billion recorded as of Oct 30, 2017. Also, the figure moved up 5.4% from the prior-year quarter.

Invesco Ltd. IVZ announced an increase in its preliminary month-end AUM for November 2017. The company’s AUM came in at $937.6 billion, a rise of 1% from the prior month. The rise reflected favorable market returns and inflows in PowerShares QQQs. Also, FX increased the November AUM by $3.4 billion. However, these were partially offset by a decline in Money Market AUM and net long-term outflows.

T. Rowe Price Group, Inc. TROW announced preliminary AUM of $991 billion for November 2017. Results reflect 2.1% rise from $971 billion as of Oct 31, 2017. There were no client transfers from mutual funds to other portfolios in November 2017.

Our Viewpoint

Legg Mason has the potential to outperform its peers over the long run, backed by a diversified product mix and leverage to the changing market demography. However, absence of continued growth in equity markets and foreign exchange fluctuations remain headwinds.

Legg Mason currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of the company have rallied around 35% so far, this year, outperforming 31.1% growth recorded by the industry.



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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Invesco PLC (IVZ): Free Stock Analysis Report
 
Legg Mason, Inc. (LM): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_12_13_legg_mason_s_lm_aum_up_in_november_ne Wed, 13 Dec 2017 16:57:00 +0300
<![CDATA[SEI Investments Ups Dividend: Is There More Upside Left?]]> SEI Investments Company SEIC announced a 7% hike in its semi-annual dividend. The dividend of 30 cents will be paid on Jan 8, 2018 to the shareholders on record as of Dec 27.

Considering last day’s closing price of $71.12 per share, the dividend yield currently is 1.69%. Notably, the company has been increasing dividend annually since 2009.

Further, SEI Investments has a share repurchase plan in place. Earlier in October, the company authorized additional $200 million share buyback plan, thus increasing repurchase authorization to $230.5 million.

Driven by impressive capital deployment activities and continued growth in revenues, the stock has rallied 44.1% year to date, outperforming 31.1% growth for the industry.



So, is the stock a prudent investment option based on steady capital deployment activities? Let’s dig into its fundamentals before taking any decision.

SEI Investments has been witnessing consistent improvement in revenues. Over the last five years (2012-2016), the company’s revenues recorded a CAGR of 9%, with the trend continuing in the first nine months of 2017 as well.

The company’s diversified product and revenue mix, steady asset inflows as well as its strong global presence and the acquisition of Archway Technology Partners in July reflect improving prospects going forward.

On the other hand, mounting expenses remain a major concern for SEI Investments. Expenses saw a CAGR of 7.1% over the last five years (2012-2016), with a similar trend persisting in the first nine months of 2017 as well. Management expects expenses to remain elevated over the next couple of years due to additional investment spending on services.

Nonetheless, SEI Investments’ earnings are projected to grow 16.3% for 2017 and 15% for 2017.  Also, the company’s trailing 12-month return on equity (ROE) reflects its superiority in terms of utilizing shareholders’ fund. The company’s ROE of 27.12% compares favorably with 12.92% for the industry.

Currently, SEI Investments carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other investment managers that have raised their dividends in the recent past are Eaton Vance Corp. EV, Franklin Resources Inc. BEN and Raymond James Financial, Inc. RJF.  Eaton Vance hiked its quarterly dividend 10.7%, while Raymond James increased its dividend by 13.6% and Franklin has announced 15% rise.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Raymond James Financial, Inc. (RJF): Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
 
Eaton Vance Corporation (EV): Free Stock Analysis Report
 
SEI Investments Company (SEIC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_12_13_sei_investments_ups_dividend_is_there_m Wed, 13 Dec 2017 15:40:00 +0300