Asset Management Stocks on Investors' Radar -- Northern Trust, Apollo Investment, Affiliated Managers, and Carlyle

26 Jul, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, July 26, 2016 /PRNewswire/ --

Growth in the Asset Management space has taken a breather as worries about the industry's future lingers. Through M&A activities and by transforming their business operations, companies are hoping to get through this disruptive period as they look for positive changes ahead. Here are today's stocks in focus on Northern Trust Corp. (NASDAQ: NTRS), Apollo Investment Corp. (NASDAQ: AINV), Affiliated Managers Group Inc. (NYSE: AMG), and The Carlyle Group L.P. (NASDAQ: CG). Learn more about these stocks by accessing their freenotes at:

Northern Trust 

Chicago, Illinois-based Northern Trust Corp.'s stock rose 0.04% to finish Monday's trading session at $67.11 with a total volume of 834,241 shares traded. Shares of the Company, which provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide, are trading below their 200-day moving average by 0.48%. The stock has a Relative Strength Index (RSI) of 49.05.

On July 06th, 2016, Northern Trust announced that it will expand the third-party fund services it provides to Correspondent Trust Services clients through a collaboration with Matrix Financial Solutions, a Broadridge Company. The enhanced capability will allow correspondent banks to trade mutual funds, exchange traded funds and collective investment trusts from more than 650 asset management fund families.By consolidating mutual fund processing, clients will have a single outlet for all asset reporting and settlement. This will allow clients to reduce the number of vendors they need to manage and have the ability to house all of their underlying client assets with Northern Trust.

On July 07th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $82 to $71.See our complete notes on NTRS at:

Apollo Investment 

On Monday, shares in Apollo Investment Corp. recorded a trading volume of 734,570 shares, and ended the session flat at $5.70. The stock has gained 3.26% in the last one month, 2.76% in the previous three months, and 17.36% since the start of this year. The Company's shares are trading 5.78% above their 50-day moving average and 10.32% above their 200-day moving average. Furthermore, shares of Apollo Investment, which specializes in middle market companies, have an RSI of 63.38.

On June 30th, 2016, Apollo Investment announced that it will report its Q1 results for the period ended June 30th, 2016 prior to the opening of the financial markets on August 5th, 2016.The company will also host a conference call on the same day at 10:00 a.m. Eastern Time.

On July 08th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.The complimentary notes on AINV can be accessed at:

Affiliated Managers Group 

Shares in Prides Crossing, Massachusetts-based Affiliated Managers Group Inc. closed the day at $144.40, slightly down 0.91%. The stock recorded a trading volume of 420,643 shares. The Company's shares are trading 6.71% below their 50-day moving average. Additionally, shares of Affiliated Managers Group, which through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the U.S., have an RSI of 44.80.

On July 06th, 2016, Affiliated Managers announced the completion of its investments in Capula Investment Management LLP, based in London with affiliated entities in Tokyo, Hong Kong, and Greenwich; Mount Lucas Management L.P., headquartered in Newtown, PA and London based CapeView Capital LLP. The company did not disclose the financial details. Register for free on and access the latest notes on AMG at:

The Carlyle Group 

At the closing bell yesterday, shares in Washington, District of Columbia-based The Carlyle Group L.P. ended 0.18% higher at $17.10 and with a total volume of 253,828 shares traded. The stock has advanced 4.84% in the last one month, 0.41% over the previous three months, and 13.50% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 5.94% and 7.82%, respectively. Furthermore, shares of The Carlyle Group, which is an investment firm specializing in direct and fund of fund investments, have an RSI of 64.33. Get free access to your notes on CGat:


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