Francesca’s (NASDAQ: FRAN), First Republic Bank (NYSE: FRC), Insituform Technologies, Inc. (NASDAQ: INSU), Ironwood Pharmaceuticals (NASDAQ: IRWD), Jarden Co. (NYSE: JAH) and Janus Capital Group Inc. (NYSE: JNS) getting new coverage from analysts.
Wedbush initiated coverage on Francesca’s (FRAN). They placed an “Outperform” rating and a price target of $28.00 on the company.
RBC Capital initiated coverage on First Republic Bank (FRC). They placed a “Sector Perform” rating and a price target of $28.00 on the company.
Boenning & Scattergood initiated coverage on Insituform Technologies, Inc. (INSU). They placed an “Outperform” rating and a price target of $23.00 on the company.
Morgan Joseph initiated coverage on Ironwood Pharmaceuticals (IRWD). They placed a “Buy” rating on the company.
DA Davidson initiated coverage on Jarden Co. (JAH). They placed a “Neutral” rating and a price target of $31.00 on the company.
Jefferies (NYSE:JEF) initiated coverage on Janus Capital Group Inc. (JNS). They placed a “Buy” rating and a price target of $8.00 on the company.
Showing posts with label Janus Capital Group. Show all posts
Showing posts with label Janus Capital Group. Show all posts
Monday, August 29, 2011
Friday, August 26, 2011
BlackRock (BLK) (BRCM) (ECTE) (JNS) (SFSF) (SQNM) (SONO) (THS) (WDR) Get New Coverage
BlackRock (NYSE:BLK), Broadcom (NASDAQ:BRCM), Echo Therapeutics (NASDAQ:ECTE), Janus Capital (NYSE:JNS), SuccessFactors (NASDAQ:SFSF), Sequenom (NASDAQ:SQNM), SonoSite (NASDAQ:SONO), TreeHouse Foods (NYSE:THS) and Waddell & Reed (NYSE:WDR) getting new coverage from analysts.
Jefferies (NYSE:JEF) initiated coverage on BlackRock (BLK). They started them off with a "Hold" rating.
ThinkEquity initiated coverage on Broadcom (BRCM). They started them off with a "Buy" rating.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They started them off with a "Buy" rating.
Jefferies initiated coverage on Janus Capital (JNS). They started them off with a "Buy" rating.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors (SFSF). They started them off with a "Overweight" rating.
William Blair initiated coverage on Sequenom (SQNM). They started them off with a "Outperform" rating.
Stifel Nicolaus initiated coverage on SonoSite (SONO). They started them off with a "Buy" rating.
Wells Fargo (NYSE:WFC) initiated coverage on TreeHouse Foods (THS). They started them off with a "Outperform" rating.
Jefferies initiated coverage on Waddell & Reed (WDR). They started them off with a "Buy" rating.
Jefferies (NYSE:JEF) initiated coverage on BlackRock (BLK). They started them off with a "Hold" rating.
ThinkEquity initiated coverage on Broadcom (BRCM). They started them off with a "Buy" rating.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They started them off with a "Buy" rating.
Jefferies initiated coverage on Janus Capital (JNS). They started them off with a "Buy" rating.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors (SFSF). They started them off with a "Overweight" rating.
William Blair initiated coverage on Sequenom (SQNM). They started them off with a "Outperform" rating.
Stifel Nicolaus initiated coverage on SonoSite (SONO). They started them off with a "Buy" rating.
Wells Fargo (NYSE:WFC) initiated coverage on TreeHouse Foods (THS). They started them off with a "Outperform" rating.
Jefferies initiated coverage on Waddell & Reed (WDR). They started them off with a "Buy" rating.
Janus Capital (JNS) (REGN) (RIMM) (WDR) Ratings Changed
Janus Capital (NYSE:JNS), Regeneron Pharmaceuticals (NASDAQ:REGN), Research In Motion (NASDAQ:RIMM) and Waddell & Reed (NYSE:WDR) had their ratings adjusted by analysts.
Janus Capital (JNS) is now rated new Buy at Jefferies (NYSE:JEF). They have a price target of $8 on the company.
Regeneron Pharmaceuticals (REGN) was downgraded by Citigroup (NYSE:C) from "Buy" to "Hold." They have a price target of $60 on the company.
Research In Motion (RIMM) was upgraded by Sterne Agee from "Neutral" to "Buy." They have a price target of $35 on the company.
Waddell & Reed (WDR) was rated new Buy by Jefferies. They have a price target of $34 on the company.
Janus Capital (JNS) is now rated new Buy at Jefferies (NYSE:JEF). They have a price target of $8 on the company.
Regeneron Pharmaceuticals (REGN) was downgraded by Citigroup (NYSE:C) from "Buy" to "Hold." They have a price target of $60 on the company.
Research In Motion (RIMM) was upgraded by Sterne Agee from "Neutral" to "Buy." They have a price target of $35 on the company.
Waddell & Reed (WDR) was rated new Buy by Jefferies. They have a price target of $34 on the company.
Monday, May 2, 2011
Dividend Yields for (JNS) (STT) (AMP) (AXP) (MCO)
Indicated dividend yields for Standard & Poor's 500 Index companies Janus Capital Group Inc (JNS), State Street Corp (STT), Ameriprise Financial Inc (AMP), American Express (AXP) and Moody's Corp (MCO).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Janus Capital Group Inc (JNS) has a dividend yield of 1.64 percent on a declared dividend of $0.05. The payout ratio is 24.5 percent.
State Street Corp (JPM) has a dividend yield of 1.55 percent on a declared dividend of $0.25. The payout ratio is 19.0 percent.
Ameriprise Financial Inc (AMP) has a dividend yield of 1.48 percent on a declared dividend of $0.23. The payout ratio is 19.1 percent.
American Express (AXP) has a dividend yield of 1.47 percent on a declared dividend of $0.18. The payout ratio is 18.2 percent.
Moody's Corp (MCO) has a dividend yield of 1.43 percent on a declared dividend of $0.14. The payout ratio is 20.6 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Janus Capital Group Inc (JNS) has a dividend yield of 1.64 percent on a declared dividend of $0.05. The payout ratio is 24.5 percent.
State Street Corp (JPM) has a dividend yield of 1.55 percent on a declared dividend of $0.25. The payout ratio is 19.0 percent.
Ameriprise Financial Inc (AMP) has a dividend yield of 1.48 percent on a declared dividend of $0.23. The payout ratio is 19.1 percent.
American Express (AXP) has a dividend yield of 1.47 percent on a declared dividend of $0.18. The payout ratio is 18.2 percent.
Moody's Corp (MCO) has a dividend yield of 1.43 percent on a declared dividend of $0.14. The payout ratio is 20.6 percent.
Wednesday, December 22, 2010
Franklin Resources (NYSE:BEN) Need to Rotate to Equities
Franklin Resources (NYSE:BEN) has scored big gains in market share, and if they want to retain the share they need to rotate their assets en masse to equities, says Ticonderoga.
Ticonderoga said, "Fixed Income AUM Likely Outperforming Eaton Vance (NYSE:EV) and Legg Mason (NYSE:LM) This Quarter. Through last night, we estimate that BEN's fixed income AUM is up 1.3% for the calendar quarter. We estimate that EV's fixed income AUM is down 4.5% from the beginning of November through yesterday and that LM's fixed income AUM is down 4.7% for the three-month period. Fixed income is a bigger piece of AUM for LM than any other manager (54%), while EV has roughly 30% of AUM in fixed income. BEN is in between at 40%.
"BEN Has Gained Tremendous Market Share, So It Has Better Chance of Retaining Assets If They Rotate en Masse to Equities. BEN's AUM market share among EV, LM, T.Rowe Price (Nasdaq:TROW), and Janus (NYSE:JNS) was 24.5% at 3/09 and 31% at the end of 9/10. Accordingly, BEN is likely in a better position than most to capture internal equity flows via exchanges because it already has the assets.
"BEN Did Quite Well the Last Time Equities “Flowed.” A big misconception, in our view, is that BEN is not levered to equities. At the end of November, 43% of BEN's AUM was in equities. More important, a look back at recent robust periods for equities supports the company's leverage. From 2005 through 2007, industry equity mutual funds totaled $389bn. BEN's equity mutual funds from 12/31/2004 through 12/30/2007 were $63 billion, or an organic growth rate of 31.7%. This compares to TROW's growth of 31.1% and JNS's at negative 24%. We use TROW and JNS because they are generally perceived as the best plays on equities. Note that for TROW, we exclude separate account flows, so it is likely that its total equity growth rate over the period was better than BEN's."
Ticonderoga maintains a "Buy" rating on Franklin Resources, which is trading at $110.92, down $0.98, or 0.88 percent, as of 12:26 PM EST.
Ticonderoga said, "Fixed Income AUM Likely Outperforming Eaton Vance (NYSE:EV) and Legg Mason (NYSE:LM) This Quarter. Through last night, we estimate that BEN's fixed income AUM is up 1.3% for the calendar quarter. We estimate that EV's fixed income AUM is down 4.5% from the beginning of November through yesterday and that LM's fixed income AUM is down 4.7% for the three-month period. Fixed income is a bigger piece of AUM for LM than any other manager (54%), while EV has roughly 30% of AUM in fixed income. BEN is in between at 40%.
"BEN Has Gained Tremendous Market Share, So It Has Better Chance of Retaining Assets If They Rotate en Masse to Equities. BEN's AUM market share among EV, LM, T.Rowe Price (Nasdaq:TROW), and Janus (NYSE:JNS) was 24.5% at 3/09 and 31% at the end of 9/10. Accordingly, BEN is likely in a better position than most to capture internal equity flows via exchanges because it already has the assets.
"BEN Did Quite Well the Last Time Equities “Flowed.” A big misconception, in our view, is that BEN is not levered to equities. At the end of November, 43% of BEN's AUM was in equities. More important, a look back at recent robust periods for equities supports the company's leverage. From 2005 through 2007, industry equity mutual funds totaled $389bn. BEN's equity mutual funds from 12/31/2004 through 12/30/2007 were $63 billion, or an organic growth rate of 31.7%. This compares to TROW's growth of 31.1% and JNS's at negative 24%. We use TROW and JNS because they are generally perceived as the best plays on equities. Note that for TROW, we exclude separate account flows, so it is likely that its total equity growth rate over the period was better than BEN's."
Ticonderoga maintains a "Buy" rating on Franklin Resources, which is trading at $110.92, down $0.98, or 0.88 percent, as of 12:26 PM EST.
Friday, December 10, 2010
TD Ameritrade (Nasdaq:AMTD), Charles Schwab (Nasdaq:SCHW), TradeStation (Nasdaq:TRAD) Preferred by FBR Capital
Looking into investment services for 2011, FBR Capital said they prefer online brokers such as TD Ameritrade (Nasdaq:AMTD), Charles Schwab (Nasdaq:SCHW) and TradeStation (Nasdaq:TRAD) over asset managers.
FBR also noted that even in the asset management segment there will be an increasing transfer of assets away from bonds to equities.
FBR said, "As we look toward 2011, our outlook for investment services, including asset managers and online brokers, remains challenged. We expect macroeconomic factors, such as unemployment and further consumer de-leveraging, to sustain headwinds that may keep investors from reengaging fully in the equity markets, which could dampen inflows into mutual funds and client trading activity. At the same time, our expectations of continued low interest rates will likely mean more money market fee waivers for asset managers and spread compression for the online brokers. As such, we still favor asset managers that are more weighted toward fixed income, such as Franklin Resources, Inc. (NYSE: BEN)(Outperform), versus equity managers—at least heading into the early part of 2011. Overall, however, we favor online brokers over asset managers. What happens to interest rates will define much of the stock performance for this group in 2011. As macro conditions improve, we believe investors will move first toward online brokers, such as TD Ameritrade Holding Corporation (Outperform), Charles Schwab Corporation (Market Perform), and TradeStation Group, Inc. (Market Perform), in anticipation of the earnings leverage created by rising rates in those models. While asset managers outperformed online brokers during the last rising rate environment, rates are starting at much lower levels today, and as a result, there is more net interest margin (NIM) expansion to unleash this time around. At the same time, investors will likely shift out of fixed-income trades among the asset managers and into those with higher equity exposure, such as Janus Capital Group Inc. (NYSE:JNS)(Market Perform); Waddell & Reed Financial, Inc. (NYSE:WDR)(Market Perform); and T. Rowe Price Group, Inc. (Nasdaq:TROW)(Outperform). Absent such a recovering macro and rate environment, we believe consolidation among the online brokers will begin to occur, providing another reason to favor the group."
TD Ameritrade was trading at $18.50, up $0.01, or 0.03 percent, as of 2:14 PM EST. Charles Schwab was trading at $16.61, $0.20, or 1.19 percent. TradeStation was trading at $6.55, up $0.06, or 0.92 percent.
FBR also noted that even in the asset management segment there will be an increasing transfer of assets away from bonds to equities.
FBR said, "As we look toward 2011, our outlook for investment services, including asset managers and online brokers, remains challenged. We expect macroeconomic factors, such as unemployment and further consumer de-leveraging, to sustain headwinds that may keep investors from reengaging fully in the equity markets, which could dampen inflows into mutual funds and client trading activity. At the same time, our expectations of continued low interest rates will likely mean more money market fee waivers for asset managers and spread compression for the online brokers. As such, we still favor asset managers that are more weighted toward fixed income, such as Franklin Resources, Inc. (NYSE: BEN)(Outperform), versus equity managers—at least heading into the early part of 2011. Overall, however, we favor online brokers over asset managers. What happens to interest rates will define much of the stock performance for this group in 2011. As macro conditions improve, we believe investors will move first toward online brokers, such as TD Ameritrade Holding Corporation (Outperform), Charles Schwab Corporation (Market Perform), and TradeStation Group, Inc. (Market Perform), in anticipation of the earnings leverage created by rising rates in those models. While asset managers outperformed online brokers during the last rising rate environment, rates are starting at much lower levels today, and as a result, there is more net interest margin (NIM) expansion to unleash this time around. At the same time, investors will likely shift out of fixed-income trades among the asset managers and into those with higher equity exposure, such as Janus Capital Group Inc. (NYSE:JNS)(Market Perform); Waddell & Reed Financial, Inc. (NYSE:WDR)(Market Perform); and T. Rowe Price Group, Inc. (Nasdaq:TROW)(Outperform). Absent such a recovering macro and rate environment, we believe consolidation among the online brokers will begin to occur, providing another reason to favor the group."
TD Ameritrade was trading at $18.50, up $0.01, or 0.03 percent, as of 2:14 PM EST. Charles Schwab was trading at $16.61, $0.20, or 1.19 percent. TradeStation was trading at $6.55, up $0.06, or 0.92 percent.
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