NEW YORK, August 18, 2016 /PRNewswire/ --
Asset Management remains to be a challenged segment as investors continue to shift into exchange-traded funds (ETFs). As per Morgan Stanley, organic growth in assets under management for the industry as a whole is only 0.9% since the start of 2016, whereas ETF asset growth is a high 8.9%. Stock-Callers.com takes a look at the following stocks and see where they stand in the market today: The Bank of New York Mellon Corp. (NYSE: BK), Invesco Ltd (NYSE: IVZ), The Blackstone Group L.P. (NYSE: BX), and Voya Financial Inc. (NYSE: VOYA). Learn more about these stocks by accessing their free research reports at:
The Bank of New York Mellon
At the close on Wednesday, shares in New York headquartered The Bank of New York Mellon Corp. rose 0.55%, ending the day at $40.21. The stock recorded a trading volume of 3.94 million shares. The Company's shares have advanced 1.74% in the last one month. The stock is trading above its 50-day and 200-day moving averages by 2.04% and 3.34%, respectively. Moreover, shares of The Bank of New York Mellon, 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 53.66.
As per the notes filed with the SEC, on August 16th, 2016, The Bank of New York Mellon issued $1,250,000,000 aggregate principal amount of its 2.200% Senior Medium-Term Notes Series I due 2023 and $750,000,000 aggregate principal amount of its 2.450% Senior Medium-Term Notes Series I due 2026. Free research report on BK is available at:
Shares in Atlanta, Georgia-based Invesco Ltd ended the day 0.74% higher at $29.95 and with a total volume of 2.85 million shares traded. In the last one month and the previous three months, the stock has gained 9.54% and 4.29%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 8.78% and 2.40%, respectively. Furthermore, 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 63.38.
On August 9th, 2016, Invesco reported preliminary month-end assets under management (AUM) of $811.8 billion, an increase of 4.1% month over month. The increase was driven by favorable market returns, net long-term inflows, an increase in money market AUM, and inflows in the Powershares QQQs. Preliminary average total AUM for the quarter through July 31st were $799.4 billion, and preliminary average active AUM for the quarter through July 31st were $662.2 billion. The complimentary research report on IVZ can be downloaded at:
The Blackstone Group
On Wednesday, shares in New York-based The Blackstone Group L.P. finished 0.07% higher at $27.89 with a total volume of 2.22 million shares traded. The stock has advanced 11.70% in the last one month and 11.74% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 9.00% and 4.46%, respectively. Additionally, shares of The Blackstone Group, which provides financial advisory services to its clients, have an RSI of 63.33.
On August 17th, 2016, Bloomberg reported that Blackstone Group is close to an agreement to buy an eight-building apartment complex on Manhattan's east side, for $620 million. As per Bloomberg, the New York-based firm, the world's largest manager of alternative assets, is planning to buy Kips Bay Court from Phipps Houses, a developer of affordable housing. Visit us today and access our complete research report on BX at:
New York-based Voya Financial Inc.'s shares recorded a trading volume of 3.21 million shares at the end of yesterday's session, which was above their three months average volume of 2.41 million shares. The stock closed the day at $28.63, dropping 0.49%. The Company's shares have advanced 12.72% in the last one month and are trading above their 50-day moving average by 7.18%. Additionally, shares of Voya Financial, which operates as a retirement, investment, and insurance company in the US, have an RSI at 62.51.
On August 3rd, 2016, Voya Financial reported that 2Q 2016 net income available to common shareholders was $162 million, or $0.79 per diluted share, compared to net income available to common shareholders of $285 million, or $1.24 per diluted share, in 2Q 2015. The company's total AUM was $276 billion; total AUM and administration of $466 billion as of June 30th, 2016. Get free access to your research report on VOYA at:
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