NEW YORK, February 27, 2017 /PRNewswire/ --
Today, Stock-Callers.com takes a closer look at four equities in the Asset Management industry which are: Janus Capital Group Inc. (NYSE: JNS), Northern Trust Corp. (NASDAQ: NTRS), Central Fund of Canada Ltd (NYSE MKT: CEF), and Lazard Ltd (NYSE: LAZ). These companies hold investments in many different corporations, manage financial assets for their clients, and generally offer above-average dividend yields. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Last Friday, Denver Colorado-based Janus Capital Group Inc.'s stock declined 0.95%, to close the day at $12.50. A total volume of 1.90 million shares was traded, which was above their three months average volume of 1.38 million shares. The Company's shares are trading 3.53% below their 50-day moving average. Additionally, shares of Janus Capital Group, which provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients, have a Relative Strength Index (RSI) of 46.21.
On January 24th, 2017, Janus Capital reported Q4 2016 net income of $30.9 million, or $0.17 per diluted share, compared to net income of $46.6 million, or $0.25 per diluted share, in Q4 2015. The Company's average assets under management during Q4 2016 were $191.9 billion compared to $191.2 billion during Q4 2015. Visit us today and access our complete research report on JNS at:
Shares in Chicago, Illinois-based Northern Trust Corp. saw a slight drop of 0.73%, finishing Friday's session at $87.05. The stock recorded a trading volume of 766,196 shares. The Company's shares have gained 3.54% in the last month and 6.78% over the previous three months. The stock is trading above its 200-day moving average by 16.20%. Furthermore, shares of Northern Trust, which provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide, have an RSI of 53.43.
On February 22nd, 2017, Northern Trust, in collaboration with IBM and other key stakeholders, announced the launch of the first commercial deployment of blockchain technology for the private equity market. Northern Trust stated that while private equity returns can be attractive, the infrastructure supporting private equity has seen little innovation in recent years at a time when investors are seeking greater transparency, security, and efficiency. To address this need, Northern Trust and IBM built a security-rich blockchain, or distributed ledger solution, based on the Hyperledger Fabric. It is available for use for managing the administration of a private equity fund managed by Unigestion, a Geneva, Switzerland based asset manager with $20 billion in assets under management. The complimentary report on NTRS can be downloaded at:
Central Fund of Canada
Canada-domiciled Central Fund of Canada Ltd's stock finished 0.71% higher at $12.75 last Friday at the close. A total volume of 1.14 million shares was traded, which was above their three months average volume of 990,420 shares. The Company's shares have advanced 5.46% in the past month, 6.34% in the previous three months, and 12.93% on an YTD basis. The stock is trading above its 50-day moving average by 6.03%. Additionally, shares of Central Fund of Canada, which invests in the commodity markets, have an RSI of 72.74. Register for free on Stock-Callers.com and access the latest research report on CEF at:
Hamilton, Bermuda-based Lazard Ltd's shares ended the session 0.40% lower at $42.41. The stock recorded a trading volume of 940,372 shares, which was above its three months average volume of 898,330 shares. The Company's shares have advanced 6.47% in the last month, 8.68% over the previous three months, and 7.09% on an YTD basis. The stock is trading 3.92% above its 50-day moving average and 19.17% above its 200-day moving average. Moreover, shares of Lazard, which together with its subsidiaries, operates as a financial advisory and asset management firm worldwide, have an RSI of 53.85.
On February 15th, 2017, the Board of Directors of Lazard Global Total Return and Income Fund, Inc., an indirect subsidiary of Lazard, has authorized the Fund to declare, pursuant to a level distribution policy, a monthly distribution of $0.08183 per share on the Fund's outstanding common stock. The distribution is payable on March 23rd, 2017, to shareholders of record on March 13th, 2017.
On February 17th, 2017, research firm Keefe Bruyette initiated an 'Outperform' rating on the Company's stock, with a target price of $51 per share. Get free access to your research report on LAZ at:
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