NEW YORK, November 1, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting State Street Corp. (NYSE: STT), CBRE Group, Inc (NYSE: CBG), Waddell & Reed Financial Inc. (NYSE: WDR), Virtus Investment Partners, Inc. (NASDAQ: VRTS), and FXCM Inc. (NYSE: FXCM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
State Street Corp. Research Report
On October 29, 2013, State Street Corp. (State Street)and Institutional Investor Journals jointly announced that State Street Global Exchange's employees, Will Kinlaw and David Turkington, have been selected as the winners of the 2013 Peter L. Bernstein Award for their article, "Liquidity and Portfolio Choice: A Unified Approach." According to the Companies, the article, which illustrates how managers can employ simulation techniques to quantify how much their unique portfolios benefit from liquidity or suffer from illiquidity, was also co-authored with Mark Kritzman, CEO of Windham Capital Management and Founding Partner of State Street Associates. The Company informed that the article was published in the Winter 2013 issue of The Journal of Portfolio Management, by Institutional Investor Journals. Commenting on the update, Jessica Donohue, Head of research and advisory services at State Street Global Exchange said, "We're so excited for Will and Dave and honored to have them recognized by Institutional Investor Journals. Their insight and expertise on addressing liquidity with clarity helps our clients manage their portfolios with precision." 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]
--
CBRE Group, Inc Research Report
On October 29, 2013, CBRE Group, Inc (CBRE) reported its Q3 2013 financial results. The Company's revenue for the quarter went up by 11.3% YoY to 1.7 billion. Net income attributable to the Company was $94.4 million or $0.28 per share in Q3 2013, compared to $39.7 million or $0.12 per share in Q3 2012. Commenting on the results, Bob Sulentic, President and CEO of CBRE stated, "During the third quarter, CBRE benefited significantly from our well-balanced business and leading position across markets and service lines around the world. We once again delivered strong growth on the top- and bottom-lines, while continuing to make measured, but very important strategic investments in our people and technology that are strengthening our company and positioning us for continued success." The Full Research Report on CBRE 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/bdca_CBG]
--
Waddell & Reed Financial Inc. Research Report
On October 29, 2013, Waddell & Reed Financial Inc. (Waddell & Reed) released its Q3 2013 financial results. Total operating revenues reported at $347.1 million in Q3 2013, compared with $293.4 million in Q3 2012. The Company's net income for the quarter came in at $68.4 million or $0.80 per diluted share, compared to $8.5 million or $0.10 per diluted share in Q3 2012. Commenting on the results, Hank Herrmann, Chairman and CEO of Waddell & Reed, stated, "The key drivers of success for asset managers are solid investment performance and the ability to offer the right products to clients at the right time. We are fortunate to possess both investment and distribution teams that have allowed us to progress toward our goals." 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]
--
Virtus Investment Partners, Inc. Research Report
On October 29, 2013, Virtus Investment Partners, Inc. (Virtus Investment) reported its Q3 2013 financial results. The Company's revenue for the quarter was up by 39.6% YoY to $100.4 million. Asset under management stood at $55.0 billion in Q3 2013, against $41.9 billion in Q3 2012. Net income attributable to common stockholders was $21.1 million or $2.56 per diluted share in Q3 2013, compared to $11.6 million or $1.43 per share in Q3 2012. Commenting on the results, George R. Aylward, President and CEO of Virtus Investment, stated, "We are pleased with this quarter's results, which include our highest levels of revenue, operating income and operating margin and continued positive net flows despite the challenging market conditions. In a quarter when investor concerns affected the attractiveness of asset classes that have recently generated significant flows, we were able to meet the changing demand for other strategies and maintain our double-digit annualized organic growth in long-term mutual funds." The Full Research Report on Virtus Investment Partners, 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/bb3d_VRTS]
--
FXCM Inc. Research Report
On October 28, 2013, FXCM Inc. (FXCM) announced that it will report the Q3 2013 financial results on Thursday, November 7, 2013, before the US financial markets open. The Company informed that it will also host a conference call on the same day at 8:15 a.m. EST to discuss the results. FXCM added that it will release its monthly business metric for October 2013 in the earnings press release on the same date. According to FXCM, a live, audio webcast, a copy of its earnings release, a presentation and replay of the conference call will also be available at its Investor Relations website. The Full Research Report on FXCM 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/5895_FXCM]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsCorner.com
SOURCE Analysts' Corner
