Asset Management Stock Performance Review -- Bank of New York Mellon, Blackstone, Invesco, and KKR & Co.
NEW YORK, June 19, 2017 /PRNewswire/ --
Companies in the Asset Management industry manage the financial assets of corporate, institutional, and individual clients. Major services include portfolio management and investment advice. This morning, DailyStockTracker.com presents for evaluation these four stocks: The Bank of New York Mellon Corp. (NYSE: BK), The Blackstone Group L.P. (NYSE: BX), Invesco Ltd (NYSE: IVZ), and KKR & Co. L.P. (NYSE: KKR). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:
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Bank of New York Mellon
New York headquartered The Bank of New York Mellon Corp.'s ("BK") shares rose 0.22%, finishing last Friday's session at $49.89 with a total volume of 5.55 million shares traded. The stock has advanced 7.78% in the past month, 4.13% in the previous three months, and 5.30% on an YTD basis. The Company's are trading above their 50-day and 200-day moving averages by 5.30% and 9.19%, respectively. Additionally, shares of the Company, which provides financial products and services to institutions, corporations, and high net worth individuals in the US and internationally, have a Relative Strength Index (RSI) of 74.78.
On May 26th, 2017, research firm Bank of America/ Merrill resumed its 'Underperform' rating on the Company's stock.
On June 15th, 2017, BK launched its new, no-transaction-fee, exchange-traded-fund platform FundVest® ETF. The NTF platform requires no purchase minimums or holding period, and will be available to all clients of Pershing, a BK company. The solution complements Pershing's existing mutual fund NTF platform, FundVest. It also provides clients with flexibility to deliver a broad range of ETFs to investors while reducing explicit costs. Your complete research report on BK can be retrieved for free at:
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Blackstone
On Friday, shares in New York-based The Blackstone Group L.P. ended the session 0.37% higher at $32.66 with a total trading volume of 2.85 million shares traded. The Company's shares have gained 11.39% in the last month, 6.77% in the previous three months, and 20.83% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.15% and 14.35%, respectively. Moreover, shares of Blackstone, which provides financial advisory services to its clients, have an RSI of 56.80.
On May 22nd, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $40 per share.
On June 13th, 2017, Blackstone Mortgage Trust, Inc., which is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone, declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2017. This dividend is payable on July 14th, 2017, to stockholders of record as of the close of business on June 30th, 2017. A free report on BX is just a click away at:
http://dailystocktracker.com/registration/?symbol=BX
Invesco
Atlanta, Georgia-based Invesco Ltd's stock climbed 0.09%, to close the day at $34.61 with a total volume of 3.18 million shares traded. The Company's shares have advanced 12.88% in the last one month, 10.82% over the previous three months, and 14.07% since the start of this year. The stock is trading 7.66% and 10.68% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Invesco, which provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds, have an RSI of 73.45.
On June 15th, 2017, Invesco Mortgage Capital Inc., which is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco, announced that its Board of Directors declared a cash dividend of $0.40 per share of common stock for the second quarter of 2017. The dividend will be paid on July 26th, 2017, to stockholders of record on June 27th, 2017, with an ex-dividend date of June 23rd, 2017. Sign up for your complimentary research report on IVZ at:
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KKR & Co.
Shares in New York-based KKR & Co. L.P. recorded a trading volume of 1.46 million shares. The stock ended at $18.26, slightly down 0.92% from the last trading session. The Company's shares have gained 1.84% in the past month, 0.55% over the previous three months, and 18.65% on an YTD basis. The stock is trading above its 200-day moving average by 9.47%. Furthermore, shares of KKR & Co., which specializes in direct and fund of fund investments, have an RSI of 47.72.
On June 01st, 2017, KKR & Co. announced the final closing of KKR Asian Fund III, a $9.3-billion fund focused on investments in private equity transactions across the Asia/Pacific region. This flagship fund is a testament to the Company's ability to drive meaningful growth and value creation in its investee companies as a partner of choice to leading Asian businesses, families, and management teams. Register for free on DailyStockTracker.com and download the latest research report on KKR at:
http://dailystocktracker.com/registration/?symbol=KKR
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