100.71 -0.01 (-0.01%)
Pre-Market: 8:50AM EDT
|Bid||70.49 x 1300|
|Ask||102.80 x 800|
|Day's Range||99.66 - 101.14|
|52 Week Range||80.73 - 114.27|
|PE Ratio (TTM)||19.22|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||N/A|
May.08 -- Lori Heinel, deputy global chief investment officer at State Street Global Advisors, and Michael Cohen, head of energy commodities research at Barclays Capital, discuss the outlook for the price oil amid geopolitical uncertainty. They speak with Bloomberg's Alix Steel and David Westin on "Bloomberg Daybreak: Americas."
T. Rowe Price Group (TROW) generates net revenues from investment advisory fees and administrative, distribution, and servicing fees. TROW generated total investment advisory fees of ~$1.2 billion in the first quarter compared to $992.7 million in the first quarter of 2017, reflecting a YoY (year-over-year) rise of 19.8%. Of the total investment advisory fees in the first quarter, US mutual funds contributed $832.9 million while other investment products made a contribution of $356.3 million.
Executives at several smaller banks in Greater Boston said they expected any effect on their institutions to be marginal, however.
BlackRock (BLK) stock has risen 12.5% over the past six months and 36.3% over the past year, helped by inflows in its iShares and Retail offerings. In comparison, the S&P 500 ETF (SPY) has risen 13.0% over the past year. BlackRock’s performance in 2018 is expected to be impacted by high equity valuations, faster rate hikes, and global issues such a potential trade wars and relations with North Korea. In 2017, the company added record new flows of $367.0 billion, or ~6.0% of its total AUM (assets under management) of $6.3 trillion.
Zacks.com featured highlights include: AMC, Progressive, Interpublic Group, State Street and Broadridge Financial
Michael Metcalfe, global head of macro strategy at State Street Global Markets, discusses the outlook for markets and his thoughts on investing. He speaks with Guy Johnson on “Bloomberg Markets: European ...
Analysts expect subdued returns for non-diversified asset managers (XLF) in 2018 compared to 2017. This trend is primarily due to high valuations of equities, rising interest rates, and shifting of funds toward commodities that result in higher input prices.
In May, State Street (STT) is being covered by 20 analysts. Four of them are recommending a “strong buy” for the stock, and six are recommending a “buy.” The remaining ten have given the stock a “hold.” There are no “strong sell” or “sell” ratings. State Street’s competitor (XLF) Franklin Resources (BEN) is covered by 14 analysts.
State Street’s (STT) PE ratio is 12.48x on an NTM (next-12-month) basis. That implies that its lower valuations as an average of its competitors is 14.54x. T. Rowe Price Group (TROW), BlackRock (BLK), and Invesco (IVZ) have PE ratios of 15.75x, 18.12x, and 9.76x, respectively, on an NTM basis.
This growth is expected to come from ETFs and its Retail segment’s offerings, partially offset by weaker performance in the Institutional segment. ETFs are expected to see subdued flows due to outflows from debt in the first quarter.
State Street (STT) and its competitors (XLF), including BlackRock (BLK), T. Rowe Price Group (TROW), and Franklin Resources (BEN), are expected to be impacted by tensions over possible trade wars in 2018. Those tensions might reduce inflows from investors. State Street’s Investment Management segment’s AUM (assets under management) was $2.7 trillion as of March 31.
Its Investment Servicing segment had revenues of $2.5 billion in the first quarter, an increase of 12% YoY (year-over-year). Total fee revenues are a component of the segment’s total revenues. Fee revenues consist of securities finance revenues, servicing fee revenues, trading services and processing fees, and other revenues.
The performances of State Street (STT) and other asset managers (XLF), including BlackRock (BLK), T. Rowe Price Group (TROW), and Invesco (IVZ), are heavily influenced by their total AUMs (assets under management). Their AUMs depend primarily on the performance of the equity markets as well as inflows and outflows.
BlackRock (BLK) is giving consistent returns to shareholders in the form of dividends and repurchases backed by consistent operating performance. The company declared a quarterly dividend of $2.88 in the first quarter compared to $2.50 in the first quarter of 2017, forming an annualized yield of 2.2%. The Trump administration’s tax cuts are expected to help equities command higher premiums as well as a long-term shift toward equities rather than debt offerings.
State Street (STT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Timothy Graf, head of macro strategy EMEA at State Street, discusses the impact of currencies on investing. He speaks with Guy Johnson on “Bloomberg Markets: European Open." (Source: Bloomberg)
The group is tackling a vexing problem for finance firms: How to make sure businesses on the other side of a digital transaction are who they say they are.
In 1Q18, Berkshire Hathaway’s (BRK.B) operating cash flow rose YoY (year-over-year) to $7.6 billion from $45.8 billion. The company could generate operating cash flow of $30 billion–$35 billion in 2018, at an average of ~$3 billion every month. Without fresh acquisitions or major portfolio expansion, Berkshire’s liquidity could rise to $150 billion by the end of 2018.
Over the past 10 years State Street Corporation (NYSE:STT) has returned an average of 2.00% per year from dividend payouts. The company is currently worth US$36.29B, and now yields roughlyRead More...
Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class. Traditional custodian banks such as Bank of New York Mellon Corp (BK.N) and State Street Corp (STT.N) do not yet handle crypto assets like bitcoin.
Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class. Traditional custodian banks such as Bank of New York Mellon Corp and State Street Corp do not yet handle crypto assets like bitcoin.
Lori Heinel, deputy global chief investment officer at State Street Global Advisors, and Michael Cohen, head of energy commodities research at Barclays Capital, discuss the outlook for the price oil amid ...