NEW YORK, February 7, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Asset Management industry, which includes companies that manage the financial assets of corporate, institutional, and individual clients. Demand is driven by demographic and market trends, such as the growing population of retirees and the accumulation of wealth and investable assets, as well as returns on investments. Equities under evaluation this morning are: Prospect Capital Corp. (NASDAQ: PSEC), KKR & Co. L.P. (NYSE: KKR), WisdomTree Investments Inc. (NASDAQ: WETF), and State Street Corp. (NYSE: STT). Learn more about these stocks by accessing their free research reports at:
On Monday, shares in Prospect Capital Corp. recorded a trading volume of 1.65 million shares. The stock ended the day at $8.74, rising 0.81% from the last trading session. The Company's shares have advanced 2.60% in the last one month, 20.18% in the previous three months, and 5.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.71% and 13.88%, respectively. Furthermore, shares of Prospect Capital, which specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions, have a Relative Strength Index (RSI) of 66.25.
On January 30th, 2017, Prospect Capital announced that it expects to issue its Q2 FY17 earnings press release on February 08th 2017 after the close of the markets. The Company will host a conference call on February 09th, 2017, at 11:00 a.m. ET. Free research report on PSEC is available at:
KKR & Co.
New York-based KKR & Co. L.P.'s stock saw a slight drop of 0.80%, finishing yesterday's session at $17.47 with a total trading volume of 1.43 million shares. The Company's shares have gained 6.46% in the last month, 25.77% over the previous three months, and 13.52% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.25% and 21.16%, respectively. Additionally, shares of KKR & Co., which specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments, have an RSI of 58.92.
On February 06th, 2017, KKR and Pacific Alternative Asset Management Company, LLC ("PAAMCO") announced that they have entered into a strategic transaction to create a new liquid alternatives investment firm by combining PAAMCO and KKR Prisma. Under terms of the agreement, the entire businesses of both PAAMCO and KKR Prisma will be contributed to a newly formed company that will operate independently from KKR, and KKR will retain a 39.9% stake as a long-term strategic partner. The complimentary research report on KKR can be downloaded at:
Shares in New York-based WisdomTree Investments Inc. ended the session 3.13% lower at $8.67. The stock recorded a trading volume of 7.06 million shares, which was above its three months average volume of 2.48 million shares. The Company's shares have gained 4.58% in the previous three months. The stock is trading 18.28% below its 200-day moving average. Moreover, shares of WisdomTree Investments, which through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager, have an RSI of 23.98.
On February 03rd, 2017, WisdomTree Investments reported net income of $2.5 million, or $0.02 diluted EPS, in Q4 2016 compared to net income of $20.5 million, or $0.15 diluted EPS, in Q4 2015. The Company's assets under management (US listed ETFs) were $40.2 billion at December 31st, 2016, up 6.5% from September 30th, 2016. Meanwhile, AUM (European listed ETPs) was $1.0 billion at December 31st, 2016. WisdomTree's Q4 2016 total revenues decreased 33.6% from Q4 2015 and 1.9% from Q3 2016.
On February 06th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'. Visit us today and access our complete research report on WETF at:
At the closing bell on Monday, Boston, Massachusetts headquartered State Street Corp.'s stock dropped 0.28%, finishing at $77.32. A total volume of 1.34 million shares was traded. The Company's shares have gained 10.44% over the previous three months. The stock is trading 13.38% above its 200-day moving average. Additionally, shares of State Street, which through its subsidiaries, provides a range of financial products and services to institutional investors worldwide, have an RSI of 44.80.
On January 25th, 2017, State Street announced that it has been appointed by Allianz Global Investors to provide a wide range of investment services. The agreement expands an existing relationship into a strategic global partnership with State Street delivering a broad spectrum of investment servicing solutions for more than EUR 450 billion in assets under management.
On January 26th, 2017, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. Get free access to your research report on STT at:
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