Financial Results Release, Dividend Declarations, Promotion Announcements, and Technical Updates - Research Reports on Wells Fargo, Brown & Brown, CoStar Group, FBR and Nationstar Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 25, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Wells Fargo & Company (NYSE: WFC), Brown & Brown Inc. (NYSE: BRO), CoStar Group Inc. (NASDAQ: CSGP), FBR & Co. (NASDAQ: FBRC) and Nationstar Mortgage Holdings Inc. (NYSE: NSM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5113-100free.
Wells Fargo & Company Research Reports
On July 22, 2014, Wells Fargo & Company (Wells Fargo) announced that the Company has declared a quarterly common stock dividend of $0.35 per share. Additionally, the Company stated that its Board of Directors has approved September 1, 2014 as the dividend payable date, for stockholders of record as of August 8, 2014. The full research reports on Wells Fargo are available to download free of charge at:
Brown & Brown Inc. Research Reports
On July 18, 2014, Brown & Brown Inc. (Brown & Brown) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share. According to the Company, the regular quarterly cash dividend is payable on August 13, 2014, to shareholders of record as of August 8, 2014. The full research reports on Brown & Brown are available to download free of charge at:
CoStar Group Inc. Research Reports
On July 18, 2014, CoStar Group Inc. (CoStar Group) announced that the Company has promoted Brad Long as President of Apartments.com, the Company's online apartment rental marketplace. According to CoStar Group, Long will report to its Founder and CEO, Andrew C. Florance and be responsible sales management and marketing operations for Apartments.com. Commenting on the appointment, Florance, stated, "Brad is a strong leader with tremendous business experience and outstanding relationships with apartment community owners and managers. With 19 years of advertising experience and eight years of experience in the multifamily housing industry, Brad is well qualified to help drive future growth of Apartments.com while strengthening the company's position as a leader in the multifamily housing internet listing space." The full research reports on CoStar Group are available to download free of charge at:
FBR & Co. Research Reports
On July 15, 2014, FBR & Co. (FBR) released its financial results for Q2 2014. Net revenue for the quarter decreased 15.1% YoY to $57.1 million. Net income for Q2 2014 was $7.0 million or $0.58 per diluted share, compared to net income for Q2 2013 of $42.6 million or $3.23 per diluted share. Commenting on the results, FBR Chairman and CEO, Richard J. Hendrix, said, "Our second quarter financial results were solid and for the first half of the year, the Company generated an annualized return on equity of 8.6%.In addition to those results, we have made significant progress in diversifying our banking pipeline, growing market share in equities trading, and making key hires in healthcare banking and research - all of which we expect to add to revenue and profitability in the coming quarters." The full research reports on FBR are available to download free of charge at:
Nationstar Mortgage Holdings Inc. Research Reports
On July 22, 2014, Nationstar Mortgage Holdings Inc.'s (Nationstar) stock increased by 2.99%, closing the day at $34.45. Over the last six months, the Company's stock has increased by 10.42%, outpacing the 4.25% growth in Dow Jones Industrial Average and the 7.58% growth in S&P 500 index. The full research reports on Nationstar are available to download free of charge at:
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