This Morning's Technical Outlook on Asset Management Stocks -- KKR & Co., Bank of New York Mellon, Invesco, and Blackstone
NEW YORK, Jan. 2, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on KKR, BK, IVZ, and BX which can be accessed for free by signing up to www.wallstequities.com/registration. Today's attention is redirected to the Asset Management space, which is an integral component of the global Financial Services sector, responsible for professionally managing assets owned by a broad range of institutional and individual investors. This morning's research reports have been issued by WallStEquities.com on the following stocks: KKR & Co. L.P. (NYSE: KKR), The Bank of New York Mellon Corp. (NYSE: BK), Invesco Ltd (NYSE: IVZ), and The Blackstone Group L.P. (NYSE: BX). All you have to do is sign up today for this free limited time offer by clicking the link below.
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KKR & Co.
New York-based KKR & Co. L.P.'s stock saw a slight drop of 0.33%, finishing last Friday's trading session at $21.06. A total volume of 980,259 shares was traded. The Company's shares have gained 6.47% in the last month, 3.59% over the previous three months, and 36.84% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.12% and 10.55%, respectively. Additionally, shares of the Company, which specializes in direct and fund of fund investments in fintech sector, have a Relative Strength Index (RSI) of 66.06.
On December 08th, 2017, KKR & Co. (KKR) announced that it is acquiring Hyperion, a leading manufacturer of industrial tool components, from Sandvik. This transaction marks KKR's first acquisition of a middle-market business in the Industrials sector and is being funded through its Americas XII Fund. Get the full research report on KKR for free by clicking below at:
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Bank of New York Mellon
Shares in New York headquartered The Bank of New York Mellon Corp. ended at $53.86, down 0.48% from the last trading session. The stock recorded a trading volume of 2.36 million shares. The Company's shares have advanced 1.58% over the previous three months and 13.68% since the start of this year. The stock is trading 1.62% and 5.77% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have an RSI of 51.68.
On December 21st, 2017, BNY Mellon Investment Management, a division of BNY Mellon, which is the corporate brand of Bank of New York Mellon, announced the recent launch of Dreyfus Global Multi-Asset Income Fund, which began offering its shares on November 30th, 2017 (the "Fund"). The Fund uses an actively managed, global multi-asset strategy that focuses on income generation. BK's complimentary research coverage is a few simple steps away at:
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Invesco
On Friday, shares in Atlanta, Georgia-based Invesco Ltd recorded a trading volume of 1.49 million shares. The stock declined 0.63%, closing the day at $36.54. The Company's shares have gained 1.22% in the last one month, 4.28% over the previous three months, and 20.44% on an YTD basis. The stock is trading 0.86% above its 50-day moving average and 7.21% above its 200-day moving average. Additionally, shares of Invesco have an RSI of 50.61.
On December 11th, 2017, Invesco reported preliminary month-end assets under management (AUM) of $937.6 billion, an increase of 1.0% month-over-month. The increase was driven by favorable market returns, foreign exchange, and PowerShares QQQs inflows; partially offset by lower money market AUM and net long-term outflows. FX increased AUM by $3.4 billion. Preliminary average total AUM for the quarter through November 30th, 2017 was $927.4 billion, and preliminary average active AUM for the quarter through November 30th, 2017, was $731.9 billion. Register for your free research report on IVZ at:
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Blackstone Group
At the close of trading on Friday, shares in New York-based The Blackstone Group L.P. recorded a trading volume of 2.46 million shares. The stock finished the session 0.77% lower at $32.02. The Company's shares have gained 1.55% in the past month and 18.46% since the start of this year. The stock is trading slightly below its 200-day moving average by 0.37%. Furthermore, shares of Blackstone, which provides financial advisory services to its clients, have an RSI of 47.01.
On December 19th, 2017, Blackstone announced that it will host its Q4 and full-year 2017 investor conference call on February 01st, 2018, at 11:00 a.m. ET. The conference call will be broadcast live on the Company's website. Wall St. Equities' downloadable research report on BX available at:
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