Research Reports Coverage on Asset Management Stocks -- Apollo Investment, Northern Trust, Central Fund of Canada, and Lazard
NEW YORK, January 6, 2017 /PRNewswire/ --
Stock-Callers.com has issued research reports on four Asset Management equities, namely: Apollo Investment Corp. (NASDAQ: AINV), Northern Trust Corp. (NASDAQ: NTRS), Central Fund of Canada Ltd (NYSE MKT: ), and Lazard Ltd (NYSE: LAZ). According to an article on Business Insider, Moody's downgraded its outlook for the global Asset Management industry to negative due to trends, such as lackluster active management performance, global regulation and increasing cost consciousness, which has led investors to move away from actively managed funds and into low-cost passive products like exchange-traded funds. These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Apollo Investment
Apollo Investment Corp.'s stock finished Thursday's session 0.49% higher at $6.12 with a total trading volume of 1.52 million shares. The Company's shares have advanced 4.55% in the past month, 5.25% over the previous three months, and 4.44% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.19% and 11.04%, respectively. Furthermore, shares of Apollo Investment, which provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans, have a Relative Strength Index (RSI) of 68.66.
On November 08th, 2016, Apollo Investment announced that its net investment income was $0.18 per share for the quarter ended September 30th, 2016, compared to $0.16 per share for the quarter ended June 30th, 2016. The Company's net asset value was $6.95 per share as of September 30th, 2016, compared to $6.90 as of June 30th, 2016. Your complete research report on AINV can be retrieved for free at:
http://stock-callers.com/registration/?symbol=AINV
Northern Trust
Shares in Chicago, Illinois-based Northern Trust Corp. ended at $90.10, slightly down 0.43% from the last trading session. The stock recorded a trading volume of 1.26 million shares. The Company's shares have gained 5.50% in the last one month, 25.90% over the previous three months, and 1.18% since the start of this year. The stock is trading 9.48% above its 50-day moving average and 25.72% above its 200-day moving average. Moreover, shares of Northern Trust, which provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide, have an RSI of 67.60.
On December 20th, 2016, Northern Trust announced that it will webcast its Q4 2016 earnings conference call live on January 18th, 2017. The call will be conducted at 11:00 a.m. CT, following the release that morning of Northern Trust's Q4 2016 earnings press release.
On January 03rd, 2017, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with an increase of the target price from $80 a share to $95 a share. NTRS free report is just a click away at:
http://stock-callers.com/registration/?symbol=NTRS
Central Fund of Canada
Canada-domiciled Central Fund of Canada Ltd's stock ended yesterday's session 1.97% higher at $11.90 with a total trading volume of 787,693 shares. The Company's shares have advanced 0.08% in the past month and 5.40% on an YTD basis. The stock is trading 2.98% below its 50-day moving average. Additionally, shares of Central Fund of Canada, which invests in the commodity markets, have an RSI of 50.29. Sign up for your complimentary research report on CEF at:
http://stock-callers.com/registration/?symbol=CEF
Lazard
At the close on Thursday, shares in Hamilton, Bermuda-based Lazard Ltd recorded a trading volume of 1.13 million shares, which was above their three months average volume of 944,490 shares. The stock finished 2.44% lower at $41.59. The Company's shares have gained 16.78% in the previous three months and 1.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.97% and 16.21%, respectively. Furthermore, shares of Lazard, which together with its subsidiaries, operates as a financial advisory and asset management firm worldwide, have an RSI of 53.10.
On January 05th, 2017, Lazard announced that Kenichi Ohashi has joined the firm as a Managing Director in Financial Advisory, effective immediately. Based in Tokyo, Mr. Ohashi was previously a Managing Director and Vice Chairman of Investment Banking at Bank of America Merrill Lynch Japan. During Mr. Ohashi's nearly 25-year career in M&A, he most recently advised Japanese and international corporations in Consumer & Retail, Technology and General Industries for 10 years at Bank of America Merrill Lynch Japan. He previously worked at Morgan Stanley Japan Securities, and Lehman Brothers in Tokyo and New York.
Yesterday, research firm Nomura downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on Stock-Callers.com and download the latest research report on LAZ at:
http://stock-callers.com/registration/?symbol=LAZ
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