NEW YORK, January 13, 2017 /PRNewswire/ --
Today, Stock-Callers.com takes note of the performances of four Asset Management equities which are: The Bank of New York Mellon Corp. (NYSE: BK), The Blackstone Group L.P. (NYSE: BX), Invesco Ltd (NYSE: IVZ), and Franklin Resources Inc. (NYSE: BEN). These stocks belong to the Financials sector, which finished above its session lows but still led the broader markets lower on Thursday, January 12th, 2017. As per a NASDAQ report, the NYSE Financials Sector Index fell 0.6%, while Financials companies in the S&P 500 Index were on a 0.7% slide lower. Learn more about these stocks by accessing their free research reports at:
Bank of New York Mellon
On Thursday, shares in New York headquartered The Bank of New York Mellon Corp. recorded a trading volume of 4.39 million shares. The stock ended the day at $47.46, declining 1.19% from the last trading session. The Company's shares have advanced 18.81% in the previous three months and 0.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.82% and 14.25%, respectively. Furthermore, shares of 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 47.18.
On January 06th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On January 12th, 2017, BNY Mellon announced that Jeff McCarthy has joined the Company in the newly-created role of CEO of Exchange Traded Funds, and will report to Frank LaSalla, CEO of BNY Mellon's Global Structured Products and Alternative Investment Services business. Free research report on BK is available at:
New York-based The Blackstone Group L.P.'s stock saw a slight drop of 0.03%, finishing yesterday's session at $30.20 with a total trading volume of 3.20 million shares. The Company's shares have gained 3.11% in the last month, 27.14% over the previous three months, and 11.73% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.59% and 16.38%, respectively. Additionally, shares of Blackstone Group, which provides financial advisory services to its clients, have an RSI of 66.48.
On January 12th, 2017, Blackstone announced that funds managed by Blackstone Energy Partners L.P. have entered into a strategic 50/50 partnership with Sanchez Energy Corporation to acquire Anadarko Petroleum Corporation's working interest in approximately 318,000 gross acres in the Western Eagle Ford for approximately $2.3 billion. The acquired assets (155,000 net acres to Sanchez Energy and Blackstone) are primarily located in Dimmit and Webb counties, contiguous to Sanchez's existing assets. Sales volumes from these properties totaled approximately 45,000 barrels of liquids per day and approximately 131 million cubic feet of natural gas per day at the end of Q4 2016. The complimentary research report on BX can be downloaded at:
Shares in Atlanta, Georgia-based Invesco Ltd ended Thursday's session 0.19% lower at $31.05. The stock recorded a trading volume of 2.98 million shares. The Company's shares have gained 1.76% in the previous three months and 2.34% since the start of this year. The stock is trading 0.32% above its 50-day moving average and 4.91% above its 200-day moving average. Moreover, 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 48.17.
On January 12th, 2017, Invesco announced that it will release its Q4 2016 results on January 26th, 2017, at 6:55 a.m. ET. A conference call will be held at 9 a.m. ET to discuss the results on the same day. Visit us today and access our complete research report on IVZ at:
At the close of trading on Friday, San Mateo, California-based Franklin Resources Inc.'s stock dropped 0.66%, finishing at $40.48. A total volume of 2.56 million shares was traded. The Company's shares have advanced 1.73% in the last month, 17.07% over the previous three months, and 2.27% on an YTD basis. The stock is trading 4.61% and 11.84% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Franklin Resources, which through its subsidiaries, provides its services to individuals, institutions, pension plans, trusts, and partnerships, have an RSI of 56.42.
On January 10th, 2017, Franklin Resources reported preliminary month-end assets under management by the Company's subsidiaries of $720.0 billion at December 31st, 2016, compared to $714.4 billion at November 30th, 2016, and $763.9 billion at December 31st, 2015. Get free access to your research report on BEN at:
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