NEW YORK, September 15, 2016 /PRNewswire/ --
This morning, Stock-Callers.com looks back at the Asset Management space, which continues to be scrutinized for its bonus culture, and is likely to face even greater pressure from pension funds over its pay practices in the future. Four stocks under review are: Ameriprise Financial Inc. (NYSE: AMP), Apollo Investment Corp. (NASDAQ: AINV), BlackRock Inc. (NYSE: BLK), and The Carlyle Group L.P. (NASDAQ: CG). These stocks research reports can be downloaded now by simply registering for free at: http://stock-callers.com/registration
Minneapolis, Minnesota headquartered Ameriprise Financial Inc.'s stock finished Wednesday's session 0.03% lower at $99.21 with a total trading volume of 920,101 shares. The Company's shares have advanced 2.44% in the past month and 3.35% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.30% and 4.87%, respectively. Furthermore, shares of Ameriprise Financial, which through its subsidiaries, provides various financial products and services to individual and institutional clients in the US and internationally, have a Relative Strength Index (RSI) of 51.97.
On September 01st, 2016 Columbia Threadneedle Investments, the global asset management group of Ameriprise Financial, announced that Columbia Management Investment Advisers, LLC has completed its acquisition of Emerging Global Advisors, LLC (EGA), a New York-based registered investment adviser and a leading provider of strategic beta emerging market portfolios. Terms of the acquisition were not disclosed. The acquisition adds over $900 million in assets across a suite of nine emerging markets equity exchange-traded funds (ETFs) and significantly expands the firm's capabilities in the development, management and deployment of innovative strategic beta products. Your complete research report on AMP can be retrieved for free at: http://stock-callers.com/registration/?symbol=AMP
On Wednesday, shares in Apollo Investment Corp. ended the session at $5.96, down 1.97%. The stock recorded a trading volume of 915,685 shares. The Company's shares have gained 9.54% in the previous three months and 22.71% since the start of this year. The stock is trading 2.07% above its 50-day moving average and 12.40% above its 200-day moving average. Moreover, shares of Apollo Investment, which provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans, have an RSI of 47.24.
On August 5th, 2016, Apollo Investment reported net investment income of $0.17 per share for the quarter ended June 30th, 2016, excluding $0.01 per share of non-recurring expense, compared to $0.20 per share for the quarter ended March 31st, 2016. The company's net asset value was $6.90 per share as of June 30th, 2016 compared to $7.28 per share as of March 31st, 2016. AINV free report is just a click away at: http://stock-callers.com/registration/?symbol=AINV
New York City-based BlackRock Inc.'s stock ended yesterday's session 0.06% lower at $360.70 and with a total trading volume of 394,517 shares. The Company's shares have advanced 6.88% in the previous three months and 8.01% on an YTD basis. The stock is trading 6.45% above its 200-day moving average. Additionally, shares of BlackRock, which primarily provides its services to institutional, intermediary, and individual investors, have an RSI of 41.87.
On September 09th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $404 a share to $414 a share.
On September 12th, 2016, BlackRock announced the launch of four thematic ETFs capturing investment opportunities created by the global trends towards ageing population, healthcare innovation, robotics and automation, and digitalization. In order to provide investors with exposure to these themes, BlackRock has collaborated with iSTOXX® and FactSet to launch thematic indices. The company stated that to avoid concentration risk, each index has a minimum of 80 constituents. Sign up for your complimentary research report on BLK at: http://stock-callers.com/registration/?symbol=BLK
The Carlyle Group
At the close on Wednesday, shares in Washington, District of Columbia-based The Carlyle Group L.P. recorded a trading volume of 388,614 shares. The stock finished 0.63% higher at $15.87. The Company's shares have surged gained 5.19% in the previous three months and 9.55% since the start of this year. The stock is trading above its 200-day moving average by 5.27%. Furthermore, shares of Carlyle Group, which is an investment firm specializing in direct and fund of fund investments, have an RSI of 50.66.
On August 28th, 2016, Reuters reported that Korea Electric Power Corp (KEPCO) signed a contract on August 26th, 2016 to buy a solar power plant from Carlyle Group's Cogentrix Solar Holdings. As per the article, the purchase is KEPCO's first entry in to the US energy market. The solar power plant, located in Alamosa County, Colorado, is able to produce 30 megawatts of solar power and KEPCO is expected to be operating the site by this October. The financial terms of the purchase were not disclosed. Register for free on Stock-Callers.com and download the latest research report on CG at: http://stock-callers.com/registration/?symbol=CG
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