NEW YORK, August 2, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports
highlighting Franklin Resources Inc. (NYSE: BEN), State Street
Corp. (NYSE: STT), Affiliated Managers Group Inc. (NYSE: AMG),
Waddell & Reed Financial Inc. (NYSE: WDR), and Kohlberg Kravis
Roberts & Co. L.P. (NYSE: KKR). Today's readers may access
these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
Franklin Resources Inc. Research
Report
On July 29, 2013, Franklin
Resources Inc. (Franklin) reported its financial results for Q3 FY
2013 (period ended June 30, 2013).
The Company's operating revenue increased 16.9% YoY to $2.1 billion during the quarter. Net income for
Q3 FY 2013 was $552.3 million or
$0.86 per diluted share, compared to
net income of $572.8 million or
$0.90 per diluted share in Q2 FY 2013
and $455.3 million or $0.71 per diluted share for in Q3 FY 2012. On
June 13, 2013, the Company's Board of
Directors declared a three-for-one split of common stock in the
form of a stock dividend to common stockholders of record as of
July 12, 2013, distributed on
July 25, 2013. All share and per
share data during Q3 FY 2013 financial reporting were adjusted
retroactively by the Company to reflect the stock split. The Full
Research Report on Franklin Resources Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/2e0a_BEN]
--
State Street Corp. Research Report
On July 25, 2013, State Street
Corp. (State Street) announced the appointment of Roger M. Stein as Chief Analytics Officer for
State Street Global Exchange. In this new role, Stein will direct
all aspects of Global Exchange's new product offerings, besides
supporting sales engagements across the organization. According to
Jeff Conway, Executive Vice
President and Head of State Street Global Exchange, "Roger has an
impressive reputation and an acute ability to merge quantitative
research and data to develop products that address key issues
facing institutional investors. While at Moody's he and his teams
led the commercial development of risk management models and tools
that are widely used within the financial industry. His deep
knowledge and experience will be invaluable to State Street as we
focus on providing clients with solutions to their asset management
and trading challenges." Stein will be based in New York and will report to Conway. The Full
Research Report on State Street Corp. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/1926_STT]
--
Affiliated Managers Group Inc.
Research Report
On July 30, 2013, Affiliated
Managers Group Inc. (AMG) reported its financial results for Q2
2013. The Company's revenue increased 25.9% YoY to $541.0 million during the quarter. Q2 2013 net
income was $64.7 million or
$1.18 per diluted share, compared to
net income of $6.6 million or
$0.12 per diluted share in Q2 2012.
Sean M. Healey, Chairman and Chief
Executive Officer of AMG, said, "With record net client cash flows
of $13 billion in the second quarter,
and over $25 billion for the year to
date, AMG has had an exceptional first half of 2013, despite a
volatile global market environment. Our Economic earnings per share
increased 31% over the second quarter of 2012, reflecting excellent
execution across our business, including continued outstanding
organic growth and strong investment performance by our
Affiliates." The Full Research Report on Affiliated Managers Group
Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/43fa_AMG]
--
Waddell & Reed Financial Inc.
Research Report
On July 30, 2013, Waddell &
Reed Financial Inc. (Waddell & Reed) reported its financial
results for Q2 2013. The Company's total operating revenue
increased 14.4% YoY to $331.7 million
during the quarter. Net income was $52.0
million or $0.61 per diluted
share, compared to net income of $41.7
million or $0.48 per diluted
share in Q2 2012. Commenting on the quarterly performance,
Hank Herrmann, Chairman and Chief
Executive Officer of the Company, said, "We continue to make
progress toward our objective of improving the operating margin. We
have been able to improve margins through careful expense
management, consistent organic growth, and the benefit of positive
market action on our business model." The Full Research Report on
Waddell & Reed Financial Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/0901_WDR]
--
Kohlberg Kravis Roberts & Co. L.P.
Research Report
On July 26, 2013, Kohlberg Kravis
Roberts & Co. L.P. (KKR) reported its financial results for Q2
2013. GAAP net income attributable to KKR & Co. L.P. was
$15.1 million or $0.05 per diluted share, down compared to
$146.3 million or $0.58 per diluted share in Q2 2012. In a joint
statement on the results, Henry R.
Kravis and George R. Roberts,
Co-Chairmen and Co-Chief Executive Officers of KKR, said, "Over the
past year, organic fee-paying AUM inflows have exceeded
$19 billion, supporting the continued
growth of our Private Markets business as well as the scaling of
our newer strategies in Public Markets. In addition, our
realization activity in the second quarter drove the highest cash
carry we've reported since going public, contributing to a
quarterly distribution of$0.42 per unit." The Full Research Report
on Kohlberg Kravis Roberts & Co. L.P. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/a282_KKR]
----
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