Archive for August, 2015

Zacks Lowers RBC Capital to Sell (RY)

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Zacks lowered shares of RBC Capital (NYSE:RY) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, Market Beat.com reports.

According to Zacks, “ROYAL BANK of Canada operate under the master brand name of RBC. They are Canada’s largest bank as measured by assets and market capitalization, and one of North America’s leading diversified financial services companies. They provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 36 other countries. “

Shares of RBC Capital (NYSE:RY) traded down 2.49% on Thursday, reaching $54.37. 574,873 shares of the company’s stock traded hands. The company has a market cap of $78.44 billion and a PE ratio of 11.03. The stock has a 50-day moving average price of $57.85 and a 200-day moving average price of $61.66. RBC Capital has a 12-month low of $51.27 and a 12-month high of $76.08.

RBC Capital (NYSE:RY) last announced its earnings results on Wednesday, August 26th. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $1.29 by $0.04. During the same quarter last year, the firm earned $1.62 EPS. Equities research analysts anticipate that RBC Capital will post $6.62 EPS for the current fiscal year.

RY has been the topic of several other research reports. Canaccord Genuity dropped their target price on shares of RBC Capital to $76.00 and set a hold rating on the stock in a report on Friday, August 21st. Scotiabank restated a sector outperform rating and issued a $84.00 price target (up from $83.00) on shares of RBC Capital in a report on Monday, June 1st. Bank of America lowered their target price on shares of RBC Capital from $77.00 to $72.00 and set a buy rating for the company in a research note on Thursday. TD Securities reissued a buy rating and set a $90.00 price target (up from $88.00) on shares of RBC Capital in a research report on Monday, June 1st. Finally, CIBC cut their target price on shares of RBC Capital from $86.00 to $84.00 and set a sector outperformer rating for the company in a report on Monday, August 17th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. RBC Capital currently has a consensus rating of Hold and an average target price of $78.80.

Royal Bank of Canada is a banking company. It serves over 16 million private, business and corporate clients across a diversified mixture of companies in 40 countries. The Company’s five business segments contain Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Company’s Personal Commercial Banking consists of private and company banking operations, auto financing and retail investment businesses. Wealth Management includes Canadian Wealth Management, United States and International Wealth Management and Global Asset Management. Insurance consists of its insurance operations in Canada and globally and operates under two business lines: Canadian Insurance and International Insurance. Investor Treasury Services segment offers international custody, fund and pension administration. Capital Markets consists of a big part of its global wholesale banking companies.

To get a free copy of the research report on RBC Capital (RY), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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Monday, August 31st, 2015 EN No Comments

Manulife Asset Management Posts CAD$9.9 (US$8.1) Billion in Net Institutional … – SYS


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Assets under management reached CAD$390 (US$313) billion as of June 30, 2015

Strong performance across asset classes

New senior appointments reinforce global growth

Thought Leadership takes a global approach

TORONTO and BOSTON, Aug. 31, 2015 /PRNewswire/ — Manulife Asset Management, the investment management arm of Manulife (TSX, NYSE: MFC), generated more than CAD$9.9 (US$8.1) billion globally in net institutional new sales in the first half of 2015.

Parent company Manulife said in its second quarter 2015 earnings release that assets managed by Manulife Asset Management reached CAD$390 (US$313) billion as of June 30, 2015, an increase of CAD$69 (US$36) billion from December 31, 2014. Institutional assets managed by Manulife Asset Management reached CAD$64.7 (US$51.9) billion as of June 30, 2015, including CAD$7.7 (US$6.2) billion related to Standard Life, and in total were 72 percent higher than a year ago.

“Expanded investment capabilities and solid investment performance drove sales across Manulife Asset Management’s global footprint,” said Warren A. Thomson, Chairman of Manulife Asset Management.

This performance has been recognized. As of June 30, 2015, funds managed by Manulife Asset Management had a total of 101 Four- or Five-Star Morningstar rated funds1, an increase of 29 funds since December 31, 2014.

New mandates year-to-date include:

  • Large fixed-income mandate from a Canadian client
  • Strategic Fixed Income mandates with clients in Canada, Japan, South Korea and the U.S.
  • U.S. Core and Core Plus Fixed Income mandates with clients in the U.S.
  • An Outsourced Chief Investment Officer mandate managed by the Investments Solutions Team and a Target De-Risking Fund mandate with clients in Canada
  • Global Investment Grade Fixed Income mandate with a client in the US
  • U.S. Large Cap Core Equity mandate with a client in the U.S.
  • Real Estate mandate with a client in Canada
  • Farmland mandate from a major U.S. municipal retirement plan

“Manulife Asset Management has had a very solid start to the year with an 175 percent increase in total net sales in the first and second quarters as compared to the same period last year,” said Kai Sotorp, President and CEO, Manulife Asset Management. “We have continued to win mandates across different strategies from clients around the world.”

“We continue to grow our private markets business by creating innovative investment solutions for our customers in commercial real estate, private placement debt and commercial mortgages,” said Kevin Adolphe, President and CEO, Manulife Asset Management Private Markets.

Completed Acquisition of Standard Life Investments Inc. in Canada
On January 30, 2015, Manulife successfully closed the acquisition of the Canada-based operations of Standard Life plc and commenced the integration process. The transaction increased total Manulife Asset Management assets by CAD$26 (US$20) billion as of January 30, 2015.

As a result of this acquisition, Manulife Asset Management significantly expanded its capabilities, including liability driven investing (LDI) and real estate. The combination of the two firms meant that clients gained access to new expertise and an array of new products in addition to Manulife Asset Management’s existing strengths in asset allocation solutions.

Manulife launched two new LDI funds in June – the Manulife Asset Management Short-Term Liability Corporate Bond Pooled Fund and the Manulife Asset Management Mid-Term Liability Corporate Bond Pooled Fund. These funds were added to an existing family of LDI Pooled funds to provide Canadian institutional clients with more flexibility in setting their credit exposure, while minimizing the interest rate risk relative to their liabilities.

Senior Appointments
In the first half of 2015, Manulife Asset Management announced the following:

  • Michael Dommermuth was named Head of Wealth and Asset Management, Asia, bringing the company’s Asian wealth and asset management divisions together under one umbrella.
  • Roger Renaud was named President, Manulife Asset Management, Canada. He leads the development and implementation of Manulife’s asset management strategy and business in Canada, growing and expanding this important market.
  • Endre Pedersen, was named Chief Investment Officer, Fixed Income, Asia (ex-Japan), demonstrating our continued commitment to the Asian fixed income market
  • Bill Peressini assumed the role of President of the Hancock Natural Resource Group (HNRG), previously held by Dan Christensen who will remain as CEO. He and Mr. Peressini will jointly lead HNRG moving forward.
  • Claude Chene was appointed as Global Head of Distribution, responsible for creating the distribution vision and strategy, overseeing sales and relationship management activity for Manulife Asset Management on a global basis, and leading our institutional and wholesale expansion into Europe, Middle East and Latin American markets.
  • Ken Pogrin was named Global Head of Business Development and Chief Operating Officer, Manulife Asset Management Private Markets. He will oversee the strategic rollout of the Private Markets business, direct product development across all asset classes, and lead MA activities.
  • Sahezad Pardhan was named Global Chief Financial Officer, Manulife Asset Management Private Markets. He will be accountable for completing the design, development and implementation of a world class finance function to support the growth of Private Markets.
  • Jenn Lundmark was named Global Head of Real Estate Fundraising, Manulife Asset Management Private Markets and will direct a full range of activities related to the raising of real estate equity capital.

Thought Leadership
In the report, Dealing with divergence: How investors can position themselves to navigate a fork in global monetary policy, chief economist Megan Greene examined how monetary policy divergence is driving volatility in local asset values in markets around the world, and how investors should prepare.

Kathryn Langridge, Head of Emerging Markets Equities, and Paolo Valle, Co-Head of Emerging Markets Debt co-authored The Changing Shape of Capital Markets in Emerging Economies. They suggested capital markets in emerging economies have remained significantly underdeveloped relative to their underlying economies, but will likely experience profound shifts over the next 15 years, with implications for debt and equity investors.

In Asia, Manulife Asset Management launched its sixth report in the Aging Asia research series in early June. Entitled One step forward, half a step back: Meeting financial goals in Asia, the report found that a preference for holding cash does not only complicate saving for retirement, it is also the culprit of potential investment return shortfalls.

1 Funds managed by Manulife Asset Management may be distributed by certain of its affiliates. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly performance (including effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category, the next 22.5%, 35%, 22.5% and bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance associated with its 3-, 5- and 10 year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. The overall rating includes the effects of sales charges, loads and redemption fees, while the load-waived does not. Load-waived rating for Class A shares should only be considered by investors who are not subject to a front-end sales charge.

About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at June 30, 2015, assets under management for Manulife Asset Management were approximately C$390 billion (US$313 billion).

Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies.  Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at ManulifeAM.com.

About Manulife Asset Management Private Markets

Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, renewable energy, oil and gas, private equity and mezzanine debt. Manulife Asset Management Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt and commercial mortgages. Hancock Natural Resource Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at June 30, 2015, Manulife’s assets under management in private asset classes were C$98 billion (US$78 billion), including assets managed by and for Manulife’s general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets.

About Manulife

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.  We operate as John Hancock in the United States, and Manulife elsewhere.  We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.  At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers.  At the end of June 2015, we had $883 billion (US$708 billion) in assets under management and administration, and in the previous 12 months we made more than $22 billion in benefits, interest and other payments to our customers.  Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years.  With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.  Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/manulife-asset-management-posts-cad99-us81-billion-in-net-institutional-sales-globally-in-first-half-of-2015-300135208.html

SOURCE Manulife Asset Management

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Monday, August 31st, 2015 EN No Comments

Recap for Traders: Synalloy (NASDAQ:SYNL), Automatic Data Processing (NASDAQ …

Synalloy Corporation (NASDAQ:SYNL) shares advanced 3.59% in last trading session and ended the day at $9.93. SYNL Gross Margin is 16.70% and its has a return on assets of 5.20%. Synalloy Corporation (NASDAQ:SYNL) quarterly performance is -31.42%.

Synalloy Corporation is a chemical manufacturing company. The Company operates in two segments: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment operates as BRISMET, Palmer and Specialty. BRISMET manufactures stainless steel and other alloy pipe.

UPDATED: See Today’s Top 50 Trending Stocks

On Aug. 21, Synalloy Corporation (NASDAQ:SYNL), announces updated guidance for full year 2015 (year ending January 2, 2016) expected results, with net sales from continuing operations expected between $182.0 million and $192.0 million, with the midpoint of the range ($187.0 million) representing a decrease of $12.5 million or 6.3% when compared to net sales from continuing operations for the year ended January 3, 2015 of $199.5 million.

Automatic Data Processing, Inc. (NASDAQ:ADP) shares advanced 0.49% in last trading session and ended the day at $78.41. ADP Gross Margin is 43.10% and its has a return on assets of 4.30%. Automatic Data Processing, Inc. (NASDAQ:ADP) quarterly performance is -7.53%.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management solutions to employers and computing solutions to vehicle dealers. ADP operates through three business segments: Employer Services, Professional Employer Organization (PEO) Services and Dealer Services.

Moody’s Investors Service on Friday downgraded Automatic Data Processing, Inc. (NASDAQ:ADP)’s issuer rating to Aa3 from Aa1, after the company said it is planning a $2 billion debt issuance with the proceeds to be mainly used to buy back additional shares. The move, it’s first-ever debt-funded buyback, “represents an abrupt shift away from the company’s historically conservative financial practices,” Moody’s said in a statement.

Brookfield Asset Management Inc. (NYSE:BAM) caters to the Financial space. It has a net profit margin of 16.10% and weekly performance is 0.73%. On the last day of trading company shares ended up $32.04. Brookfield Asset Management Inc. (NYSE:BAM) distance from 50-day simple moving average (SMA50) is -7.33%.

Canada’s Brookfield Asset Management (NYSE:BAM) made its first significant investment in Indian infrastructure, buying six road and three power projects on Friday from India’s Gammon Infrastructure Projects Limited. A consortium composed of Brookfield and the Core Infrastructure India Fund Pte Ltd are buying the projects, six of which are operational, said Ambit Holdings, which advised Gammon on the deal.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities.

On Aug. 21, The Walt Disney Company (NYSE:DIS) Records releases the final four installments to The Legacy Collection series. Walt Disney Records The Legacy Collection Lady and The Tramp, Pocahontas, The Aristocats, and Disneyland complete the 12-set series that launched with The Lion King in June 2014. Each CD cover and booklet features newly created artwork from Lorelay Bove, a visual development artist at Walt Disney Animation Studios (“Big Hero 6,” “Wreck-It Ralph,” “Tangled”). Bove was recently named one of ’10 Animators to Watch’ by Variety (March 3, 2015).
The Walt Disney Company together with its subsidiaries and affiliates is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. Media Networks comprise an array of broadcast, cable, radio, publishing and digital businesses across two divisions – the Disney/ABC Television Group and ESPN Inc.
The Walt Disney Company (NYSE:DIS) shares advanced 0.30% in last trading session and ended the day at $102.48. DIS Gross Margin is 39.60% and its has a return on assets of 9.60%. The Walt Disney Company (NYSE:DIS) quarterly performance is -7.11%.

Morgan Stanley (NYSE:MS) caters to the Financial space. It has a net profit margin of 9.70% and weekly performance is -0.47%. On the last day of trading company shares ended up $34.05. Morgan Stanley (NYSE:MS) distance from 50-day simple moving average (SMA50) is -11.13%.

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company’s operating segments include Institutional Securities, Wealth Management and Investment Management.

Announced Aug 25, that Morgan Stanley (NYSE:MS) Wealth Management recently launched the 2015 series of two unit investment trusts: The Uncommon Values UIT and Uncommon Values Growth Income UIT. The two trusts are based on Morgan Stanley’s Vintage Values research report.

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Monday, August 31st, 2015 EN No Comments

BlackRock to buy digital wealth management firm FutureAdvisor..

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    Saturday, August 29th, 2015 EN No Comments

    BlackRock Buys FutureAdvisor, Bolstering Robo Capability

    Neither FutureAdvisor nor BlackRock disclosed terms of the acquisition.

    “As demand for digital wealth management grows, we believe that our combined offering will accelerate our partner firms’ abilities to serve the mass affluent in a convenient, scalable way”.

    But those advisors might want to pay attention: A recent report from consulting firm A.T. Kearney projected a 68% annual increase in assets managed by robo-advising services, which would push the figure to $2.2 trillion by 2020. At the same time, younger investors – i.e. those under 35 – are increasingly interested in investment advice online instead of hiring a wealth manager or RIA.

    BlackRock said in a statement that FutureAdvisor will operate as a business within its BlackRock Solutions technology platform, “enabling financial institutions to grow their advisory businesseses by leveraging technology to meet a growing consumer trend”, but provided few other details about the acquisition, including costs. The unit will provide financial institutions with high quality, technology-enabled advice capabilities to improve their clients’ investment experience.

    In August, the mutual announced it had taken a majority stake within robo-advice firm Wealth Wizards.

    Some advisers also launched their own automated advice services to complement their face to face offerings, while the regulator said it is ‘primed’ for robo advice. This week of all weeks they should be saying that to clients, how they create financial plans and go beyond just investments but talk about cash flow, taxes, estate plans and college planning.

    The deal, expected to close in the fourth quarter, reflects Wall Street’s established players buying their way into robo-advisory services that are popular with millennials and those with less than the $1 million minimum often required by traditional money managers.

    The startup says it decided to merge with BlackRock as the giant’s resources will help allow it to build new features faster “to continue to deliver on our promise of improving the financial lives of average Americans”.

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    Saturday, August 29th, 2015 EN No Comments

    Credit Suisse Lifted to Buy at Vetr Inc. (CS)

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    Vetr upgraded shares of Credit Suisse (NYSE:CS) from a hold rating to a buy rating in a research note released on Tuesday morning, AnalystRatings.NET reports. They currently have $29.30 target price on the stock.

    Shares of Credit Suisse (NYSE:CS) traded down 0.73% during midday trading on Tuesday, reaching $27.05. The company’s stock had a trading volume of 1,340,520 shares. The company’s 50-day moving average price is $28.47 and its 200-day moving average price is $26.90. The company has a market cap of $44.16 billion and a PE ratio of 11.43. Credit Suisse has a 12 month low of $21.01 and a 12 month high of $29.99.

    Credit Suisse (NYSE:CS) last announced its earnings results on Thursday, July 23rd. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The company earned $6.94 billion during the quarter, compared to the consensus estimate of $33.05 billion. Credit Suisse’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.46) earnings per share. On average, equities analysts anticipate that Credit Suisse will post $2.36 EPS for the current fiscal year.

    A number of other brokerages have also recently commented on CS. Zacks lowered Credit Suisse from a hold rating to a sell rating in a research note on Wednesday, July 8th. TheStreet upgraded Credit Suisse from a sell rating to a hold rating in a research report on Friday, July 24th. Morgan Stanley upgraded Credit Suisse from an equal weight rating to an overweight rating in a research report on Wednesday, July 1st. Kepler Capital Markets downgraded shares of Credit Suisse to a reduce rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank downgraded shares of Credit Suisse from a buy rating to a hold rating in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Credit Suisse currently has a consensus rating of Hold and an average price target of $28.10.

    Credit Suisse Group AG (NYSE:CS) is a global financial services firm. The Company operates in three sections: Private Banking Wealth Management and Investment Banking. Private Banking Wealth Management offers guidance and a range of financial solutions to private, corporate and institutional customers. The Private Banking Wealth Management includes Corporate Institutional Clients the Wealth Management Clients and Asset Management companies. Asset Management supplies a range of investment products and solutions across asset categories and for all investment styles, functioning governments, institutions, corporations and individuals around the world. Investment Banking offers investment banking and securities services and products to government, institutional and corporate clients around the world. Its products and services include debt and equity underwriting, sales and trading, MA guidance, divestitures, corporate sales, restructuring and investment research.

    To view Vetr’s full report, visit Vetr’s official website.

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    Saturday, August 29th, 2015 EN No Comments

    Royal Bank of Canada Rating Reiterated by Scotiabank (RY)

    Royal Bank of Canada (TSE:RY)‘s stock had its “sector outperform” rating restated by equities research analysts at Scotiabank in a research report issued on Thursday, StockTargetPrices.com reports. They currently have a C$79.00 price target on the stock, down from their previous price target of C$82.00. Scotiabank’s price target would suggest a potential upside of 7.19% from the stock’s previous close.

    RY has been the subject of several other research reports. CIBC cut their target price on Royal Bank of Canada from C$86.00 to C$84.00 and set an “outperform” rating on the stock in a research report on Monday, August 17th. National Bank Financial increased their price target on Royal Bank of Canada from C$82.00 to C$83.00 in a report on Wednesday, June 3rd. Barclays lowered their price objective on Royal Bank of Canada from C$79.00 to C$76.00 in a research note on Wednesday, August 12th. TD Securities increased their price target on Royal Bank of Canada from C$88.00 to C$90.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, BMO Capital Markets raised their target price on Royal Bank of Canada from C$89.00 to C$90.00 and gave the stock a “market perform” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$81.73.

    The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.29%.

    In other news, insider Alex Douglas Mcgregor sold 12,761 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$70.65, for a total value of C$901,567.20.

    Royal Bank of Canada is a banking company. It serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. The Company’s five business segments include Personal Commercial Banking, Wealth Management, Insurance, Investor Treasury Services and Capital Markets. The Company’s Personal Commercial Banking consists of personal and business banking operations, auto financing and retail investment businesses. Wealth Management consists of Canadian Wealth Management, United States and International Wealth Management and Global Asset Management. Insurance consists of its insurance operations in Canada and globally and operates under two business lines: Canadian Insurance and International Insurance. Investor Treasury Services segment offers global custody, fund and pension administration. Capital Markets consists of a majority of its global wholesale banking businesses.

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    Saturday, August 29th, 2015 EN No Comments

    Calamos Asset Management Cut to "Hold" at TheStreet (CLMS)

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    TheStreet downgraded shares of Calamos Asset Management (NASDAQ:CLMS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Market Beat Ratings reports.

    Several other brokerages have also commented on CLMS. Keefe, Bruyette Woods lowered their target price on shares of Calamos Asset Management from $13.00 to $12.50 and set an underperform rating on the stock in a research report on Friday, May 1st. Credit Agricole began coverage on shares of Calamos Asset Management in a research report on Wednesday, June 3rd. They issued an underperform rating and a $11.00 price objective on the stock. Credit Suisse initiated coverage on Calamos Asset Management in a report on Wednesday, June 3rd. They issued an underperform rating and a $11.00 target price for the company. Finally, Zacks downgraded Calamos Asset Management from a hold rating to a sell rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Calamos Asset Management presently has an average rating of Sell and an average target price of $11.50.

    Calamos Asset Management (NASDAQ:CLMS) opened at 10.61 on Tuesday. The firm has a market capitalization of $217.82 million and a PE ratio of 19.54. Calamos Asset Management has a 1-year low of $10.00 and a 1-year high of $14.44. The company has a 50 day moving average of $11.73 and a 200 day moving average of $12.34.

    Calamos Asset Management (NASDAQ:CLMS) last issued its earnings results on Tuesday, July 28th. The closed-end fund reported $0.21 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.08. During the same period last year, the business earned $0.22 EPS. The firm earned $60.40 million during the quarter, compared to analyst estimates of $59.69 million. The firm’s revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Calamos Asset Management will post $0.40 EPS for the current year.

    The company also recently declared a dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 6th.

    In other Calamos Asset Management news, CEO John P. Sr Calamos, Sr. bought 6,993 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $10.48 per share, with a total value of $73,286.64. Following the transaction, the chief executive officer now directly owns 1,142,075 shares in the company, valued at approximately $11,968,946. The transaction was disclosed in a filing with the Securities Exchange Commission, which is accessible through this link. Also, CEO Calamos Asset Management, Inc. bought 17,990 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $215,700.10. The disclosure for this purchase can be found here.

    Calamos Asset Management, Inc. (NASDAQ:CLMS) is a holding company. As of December 31, 2011, the Company owned 21.9% interest in Calamos Investments LLC (Calamos Investments). CAM, together with Calamos Investments and Calamos Investments’ subsidiaries, operates the investment advisory and distribution services businesses. The Company primarily provides investment advisory services to individuals and institutional investors through a series of investment products that include open-end and closed-end funds (Funds), separate accounts, offshore funds and partnerships. The subsidiaries through which the Company provides these services include: Calamos Advisors LLC (CAL), an investment advisor; Calamos Financial Services LLC (CFS); Calamos Wealth Management LLC, an investment advisor, and Calamos International LLP, an investment advisor and a global distributor of the Offshore Funds and Company products.

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    Saturday, August 29th, 2015 EN No Comments

    Regions Hires Kate Danella to Wealth Management Post

    Regions Financial in Birmingham, Ala., has named Kate Randall Danella as executive in charge of several wealth management functions.

    The $122 billion-asset company named Danella its wealth strategy and effectiveness executive for its wealth management division, a newly created position.

    Danella will oversee the development and implementation of initiatives throughout wealth management, which includes investments, trust and insurance.

    Danella was previously an executive with Capital Group Cos. in Los Angeles, the manager of the American Funds line of mutual funds.

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    Friday, August 28th, 2015 EN No Comments

    Most Watched by Traders: Artisan Partners Asset Management Inc. (NYSE:APAM …

    Artisan Partners Asset Management Inc. (NYSE:APAM) shares advanced 0.92% in last trading session and ended the day at $41.84. APAM has a return on assets of 6.90%. Artisan Partners Asset Management Inc. (NYSE:APAM) quarterly performance is -3.91%.

    Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans.

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    On 11 August, Artisan Partners Asset Management Inc. (NYSE:APAM) reported that its assets under management (AUM) as of July 31, 2015 totaled $108.7 billion. Separate accounts accounted for $48.8 billion of total firm AUM, while Artisan Funds and Artisan Global Funds accounted for $59.9 billion.

    GoPro, Inc. (NASDAQ:GPRO) ended the last trading day at $47.76. Company weekly volatility is calculated as 8.97% and price to cash ratio as 12.27. GoPro, Inc. (NASDAQ:GPRO) showed a weekly performance of -5.61%.

    GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Company’s Website.

    On 20 August, GoPro, Inc. (NASDAQ:GPRO) said that, Hero 5 will possibly release around last quarter of 2015 or first quarter of 2016 and even though the release of GoPro Hero 5 has been delayed, it was done to make improvements on the camera that could up prices from $450 to $550.

    Morgan Stanley (NYSE:MS) shares moved up 3.00% in last trading session and ended the day at $34.30. MS Gross Margin is 87.10% and its has a return on assets of 0.50%. Morgan Stanley (NYSE:MS) quarterly performance is -9.86%.

    Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company’s operating segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients.

    On 25 August, Morgan Stanley (NYSE:MS) said that, its Wealth Management recently launched the 2015 series of two unit investment trusts: The Uncommon Values UIT and Uncommon Values Growth Income UIT. The two trusts are based on Morgan Stanley’s Vintage Values research report.

    1-800-FLOWERS.COM, Inc. is a florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. The Company’s segments include Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service. The Consumer Floral segment includes the operations of the Company’s brands, such as 1-800-Flowers.com, iFLorist, Flowerama, Celebrations and FineStationery.com.

    1-800-Flowers.com Inc. (NASDAQ:FLWS) shares moved down -12.19% in last trading session and ended the day at $8.43. FLWS Gross Margin is 43.40% and its has a return on assets of 8.10%. 1-800-Flowers.com Inc. (NASDAQ:FLWS) quarterly performance is -11.36%.

    1-800-Flowers.com Inc. (NASDAQ:FLWS) reported results for its fiscal 2015 fourth quarter and full year. For the fourth quarter, total revenue from continuing operations increased 21.8 percent to $228.3 million, compared with $187.4 million in the prior year period. The increase primarily reflects contributions from Harry David, which the Company acquired on September 30, 2014, combined with growth across all three of the Company’s business segments.

    Apple Inc. (NASDAQ:AAPL) caters to the Consumer Goods space. It has a net profit margin of 22.60% and weekly performance is 0.24%. On the last day of trading company shares ended up $112.92. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is -6.66%.

    Apple Inc designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

    Apple Inc. (NASDAQ:AAPL) has finally let the world know when it will set the iPhone 7 release date. The firm sent out invites to the event on Thursday. Apple’s launch for the next great smart phone will, as we heard in several leaks in recent weeks, fall on September 9. That means, assuming the firm sticks to its regular schedule, that we’ll see the iPhone 7 in stores for the first time on September 18.

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    Friday, August 28th, 2015 EN No Comments