Dice Holdings (NYSE: DHX), T. Rowe Price (NASDAQ: TROW), Trius Therapeutics Inc. (NASDAQ: TSRX), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), Cts Corporation (NYSE: CTS) and Dunkin Brands (NASDAQ: DNKN) had ratings on them reiterated by analysts.
Stifel Nicolaus reiterated its "Buy" rating on Dice Holdings (DHX). They have a price target of $13.00 on the company.
Jefferies (NYSE:JEF) reiterated its "Buy" rating on T. Rowe Price (TROW). They have a price target of $64.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Trius Therapeutics Inc. (TSRX). They have a price target of $12.00 on the company.
Piper Jaffray reiterated its "Overweight" rating on Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA). They have a price target of $81.00 on the company.
Barrington Research reiterated its "Overweight" rating on Cts Corporation (CTS).
Morgan Stanley (NYSE:MS) reiterated its "Equal Weight" rating on Dunkin Brands (DNKN). They have a price target of $29.00 on the company.
Showing posts with label T Rowe Price. Show all posts
Showing posts with label T Rowe Price. Show all posts
Monday, December 5, 2011
Monday, August 29, 2011
Waters (WAT) (PAG) (CIT) (TROW) (CNK) (DDD) Price Targets Changed
Waters Corporation (NYSE: WAT), Penske Automotive (NYSE: PAG), CIT Group Inc. (NYSE: CIT), T. Rowe Price (NASDAQ: TROW), Cinemark Holdings Inc (NYSE: CNK) and 3D Systems Co. (NYSE: DDD) price targets adjusted by analysts.
Waters Corporation (WAT) had its price target lowered by Wedbush from $37.00 to $32.00. They have a “Neutral” rating on the company.
Penske Automotive (PAG) had its price target lowered by Ticonderoga from $27.00 to $25.00. They have a “Buy” rating on the company.
CIT Group Inc. (CIT) had its price target raised by Morgan Stanley (NYSE:MS) to $45.00.
T. Rowe Price (TROW) had its price target lowered by Jefferies (NYSE:JEF) to $58.00. They have a “Buy” rating on the company.
Cinemark Holdings Inc. (CNK) had its price target raised by Morgan Stanley to $23.00. They have an “Equal Weight” rating on the company.
3D Systems Co. (DDD) had its price target lowered by Barclays Capital from $23.00 to $19.00. They have an “Equal Weight” rating on the company.
Waters Corporation (WAT) had its price target lowered by Wedbush from $37.00 to $32.00. They have a “Neutral” rating on the company.
Penske Automotive (PAG) had its price target lowered by Ticonderoga from $27.00 to $25.00. They have a “Buy” rating on the company.
CIT Group Inc. (CIT) had its price target raised by Morgan Stanley (NYSE:MS) to $45.00.
T. Rowe Price (TROW) had its price target lowered by Jefferies (NYSE:JEF) to $58.00. They have a “Buy” rating on the company.
Cinemark Holdings Inc. (CNK) had its price target raised by Morgan Stanley to $23.00. They have an “Equal Weight” rating on the company.
3D Systems Co. (DDD) had its price target lowered by Barclays Capital from $23.00 to $19.00. They have an “Equal Weight” rating on the company.
Monday, May 2, 2011
Dividend Yields for (JPM) (IVZ) (TROW) (CME) (BK)
Indicated dividend yields for Standard & Poor's 500 Index companies JPMorgan Chase & Co (JPM), Invesco Ltd (IVZ), T Rowe Price Group Inc (TROW), CME Group Inc (CME) and Bank of New York Mellon Corp (BK).
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.
JPMorgan Chase & Co (JPM) has a dividend yield of 2.19 percent on a declared dividend of $0.25. The payout ratio is 19.4 percent.
Invesco Ltd (IVZ) has a dividend yield of 1.97 percent on a declared dividend of $0.12. The payout ratio is 29.1 percent.
T Rowe Price Group Inc has a dividend yield of 1.93 percent on a declared dividend of $0.31. The payout ratio is 41.5 percent.
CME Group Inc (CME) has a dividend yield of 1.89 percent on a declared dividend of $1.40. The payout ratio is 20.5 percent.
Bank of New York Mellon (BK) has a dividend yield of 1.80 percent on a declared dividend of $0.13. The payout ratio is 17.8 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.
JPMorgan Chase & Co (JPM) has a dividend yield of 2.19 percent on a declared dividend of $0.25. The payout ratio is 19.4 percent.
Invesco Ltd (IVZ) has a dividend yield of 1.97 percent on a declared dividend of $0.12. The payout ratio is 29.1 percent.
T Rowe Price Group Inc has a dividend yield of 1.93 percent on a declared dividend of $0.31. The payout ratio is 41.5 percent.
CME Group Inc (CME) has a dividend yield of 1.89 percent on a declared dividend of $1.40. The payout ratio is 20.5 percent.
Bank of New York Mellon (BK) has a dividend yield of 1.80 percent on a declared dividend of $0.13. The payout ratio is 17.8 percent.
Friday, February 25, 2011
Bank of America (BAC) Gets Big 'No' From Countrywide Investors
Several large institutional investors have rejected a court settlement where Countrywide Financial Corp. had agreed to pay $600 million to a number of national pension funds.
Those pulling out of the agreement include BlackRock Inc.; the California Public Employees Retirement System, or Calpers; T. Rowe Price Group Inc.; Nuveen Investments Inc.; and the Maryland State Retirement and Pension System, according to a document from the suit filed in U.S. District Court in Los Angeles.
The investors decided the settlement, initially agreed to last May, wasn't enough and will seek their own terms with the mortgage originator and its current owner Bank of America Corp. (NYSE:BAC), as well as Countrywide's auditor KPMG LLP. KPMG had committed another $24 million to the settlement.
A spokesman for New York State Comptroller Thomas P. DiNapoli, who represented the massive New York State Common Retirement Fund in the litigation, said the fund intends to remain part of the "very reasonable settlement." Ola Fadahunsi, the spokesman, noted the comptroller's office is "very happy" with the work of its counsel on the case.
Full Story
Those pulling out of the agreement include BlackRock Inc.; the California Public Employees Retirement System, or Calpers; T. Rowe Price Group Inc.; Nuveen Investments Inc.; and the Maryland State Retirement and Pension System, according to a document from the suit filed in U.S. District Court in Los Angeles.
The investors decided the settlement, initially agreed to last May, wasn't enough and will seek their own terms with the mortgage originator and its current owner Bank of America Corp. (NYSE:BAC), as well as Countrywide's auditor KPMG LLP. KPMG had committed another $24 million to the settlement.
A spokesman for New York State Comptroller Thomas P. DiNapoli, who represented the massive New York State Common Retirement Fund in the litigation, said the fund intends to remain part of the "very reasonable settlement." Ola Fadahunsi, the spokesman, noted the comptroller's office is "very happy" with the work of its counsel on the case.
Full Story
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.
Wednesday, December 15, 2010
Top Ten Calls Recommended by Goldman Sachs (NYSE:GS)
Goldman Sachs (NYSE:GS) released a list of their top ten calls in the financial sector, targeting those lagging behind the market in the midst of what they perceive as improving fundamentals.
They see the overall sector rising.
The 10 companies the options strategists at Goldman recommend are these: IntercontinentalExchange, Inc. (NYSE:ICE), Allstate Corporation (NYSE:ALL), Travelers Companies, Inc. (NYSE:TRV), Franklin Resources (NYSE:BEN), The Chubb Corporation (NYSE:CB), Moody's Corp. (NYSE:MCO), Progressive Corp. (NYSE:PGR), State Street Corp. (NYSE:STT), NYSE Euronext, Inc. (NYSE:NYX) and T. Rowe Price (Nasdaq:TROW).
IntercontinentalExchange, Inc. was trading at $117.87, up $1.49, or 1.28 percent, as of 12:14 PM EST. Allstate was at $30.98, up $ 0.03, or 0.10 percent. Travelers was at $55.42, up $0.08, or 0.14 percent. Franklin Resources was trading at $117.37, up $0.93, or 0.80 percent. Chubb was at $59.53, up $0.04, or 0.07 percent. Moody's was at $27.40, up $0.07, or 0.26 percent. Progressive was up to $20.62, gaining $0.18, or 0.88 percent. State Street moved up to $45.60, rising by $0.40, or 0.88 percent. NYSE Euronext was up to $29.62, gaining $0.27, or 0.92 percent. T.Rowe Price was trading at $63.31, up $0.53, or 0.84 percent.
All 10 companies were positive as of this writing.
They see the overall sector rising.
The 10 companies the options strategists at Goldman recommend are these: IntercontinentalExchange, Inc. (NYSE:ICE), Allstate Corporation (NYSE:ALL), Travelers Companies, Inc. (NYSE:TRV), Franklin Resources (NYSE:BEN), The Chubb Corporation (NYSE:CB), Moody's Corp. (NYSE:MCO), Progressive Corp. (NYSE:PGR), State Street Corp. (NYSE:STT), NYSE Euronext, Inc. (NYSE:NYX) and T. Rowe Price (Nasdaq:TROW).
IntercontinentalExchange, Inc. was trading at $117.87, up $1.49, or 1.28 percent, as of 12:14 PM EST. Allstate was at $30.98, up $ 0.03, or 0.10 percent. Travelers was at $55.42, up $0.08, or 0.14 percent. Franklin Resources was trading at $117.37, up $0.93, or 0.80 percent. Chubb was at $59.53, up $0.04, or 0.07 percent. Moody's was at $27.40, up $0.07, or 0.26 percent. Progressive was up to $20.62, gaining $0.18, or 0.88 percent. State Street moved up to $45.60, rising by $0.40, or 0.88 percent. NYSE Euronext was up to $29.62, gaining $0.27, or 0.92 percent. T.Rowe Price was trading at $63.31, up $0.53, or 0.84 percent.
All 10 companies were positive as of this writing.
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.
Thursday, November 18, 2010
T. Rowe Price (NASDAQ:TROW) Growing Strong Organically
Susquehanna reiterated their "Positive" rating on T. Rowe Price (NASDAQ:TROW), saying their ability to consistently grow organically in a variety of economic conditions shows its strength.
"Industry-leading investment performance, coupled with a strong foothold in the defined contribution space, has enabled TROW to establish a consistent track record of positive organic growth through a variety of market conditions," said Susquehanna.
They noted that T. Rowe Price has had positive mutual fund flow in 40 of the last 46 months.
T. Rowe closed Wednesday at $57.40, gaining $0.54, or 0.95 percent. Susquehanna has a price target of $70 on them, raising it from $60.
"Industry-leading investment performance, coupled with a strong foothold in the defined contribution space, has enabled TROW to establish a consistent track record of positive organic growth through a variety of market conditions," said Susquehanna.
They noted that T. Rowe Price has had positive mutual fund flow in 40 of the last 46 months.
T. Rowe closed Wednesday at $57.40, gaining $0.54, or 0.95 percent. Susquehanna has a price target of $70 on them, raising it from $60.
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