NEW YORK, March 31, 2017 /PRNewswire/ --
Today's focus is on the Asset Management industry, which is an integral component of the global Financial Services sector. Firms offering asset-management services are varied and range from "pure play" independent asset managers to diversified commercial banks, insurance companies, and brokerages. Pre-market, Stock-Callers.com evaluates these four stocks: WisdomTree Investments Inc. (NASDAQ: WETF), Franklin Resources Inc. (NYSE: BEN), Prospect Capital Corp. (NASDAQ: PSEC), and State Street Corp. (NYSE: STT). Download the free research reports on these stocks today:
New York-based WisdomTree Investments Inc.'s shares gained 1.83%, closing Thursday's trading session at $8.92. The stock recorded a trading volume of 1.81 million shares. The Company's shares are trading 4.49% below their 50-day moving average. Additionally, shares of WisdomTree Investments, which through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager, have a Relative Strength Index (RSI) of 45.07.
On March 27th, 2017, WisdomTree Investments announced that the Company has declared distributions for WisdomTree ETFs. More information about this is available on the Company's website. See our free and comprehensive research report on WETF at:
On Thursday, shares in San Mateo, California-based Franklin Resources Inc. recorded a trading volume of 1.51 million shares. The stock rose 1.96%, ending the day at $42.22. The Company's shares have advanced 7.48% in the last three months and 7.18% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.84% and 13.15%, respectively. Furthermore, shares of Franklin Resources, which through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships, have an RSI of 55.34.
On March 08th, 2017, Franklin Resources reported preliminary month-end assets under management by the Company's subsidiaries of $738.2 billion on February 28th, 2017, compared to $728.8 billion on January 31st, 2017, and $714.0 billion on February 29th, 2016.
On March 16th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. BEN free research report PDF is just a click away at:
Prospect Capital Corp.'s stock finished the day 0.11% higher at $9.04, with a total trading volume of 1.40 million shares. The Company's shares have advanced 12.35% in the previous three months and 11.28% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.46% and 13.51%, respectively. Additionally, 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 an RSI of 53.58.
On March 17th, 2017, Prospect Capital announced that it has recently purchased $38 million of first lien senior secured floating rate notes issued by Memorial MRI & Diagnostic, L.L.C., a portfolio company of Baymark Partners. Sign up for your complimentary report on PSEC at:
Shares in Boston, Massachusetts headquartered State Street Corp. ended yesterday's session 0.92% higher at $80.04. The stock recorded a trading volume of 1.62 million shares. The Company's shares have advanced 2.59% over the previous three months and 2.99% since the start of this year. The stock is trading 1.54% and 11.65% above its 50-day and 200-day moving averages, respectively. Moreover, shares of State Street, which through its subsidiaries, provides a range of financial products and services to institutional investors worldwide, have an RSI of 58.55.
On March 24th, 2017, State Street announced that the Company plans to release its Q1 2017 financial results on Wednesday, April 26th, 2017, followed by a related Internet broadcast of a conference call at 9:30 a.m. EDT. The conference call will be accessible on State Street's Investor Relations website. Register for free on Stock-Callers.com and download the latest research report on STT at:
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