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Asset Management Stocks Under Scanner -- Bank of New York Mellon, Invesco, Blackstone, and Franklin Resources

BX, BEN, BK, IVZ

PR Newswire

NEW YORK, December 5, 2016 /PRNewswire/ --

This morning, Stock-Callers.com has issued research reports on the following Asset Management equities: The Bank of New York Mellon Corp. (NYSE: BK), Invesco Ltd (NYSE: IVZ), The Blackstone Group L.P. (NYSE: BX), and Franklin Resources Inc. (NYSE: BEN). According to data from PricewaterhouseCoopers, 110 mergers and acquisitions had taken place in the U.S. Asset and Wealth Management sector as of October, compared to 144 over the 2015 calendar year. Additionally, M&A activity among mutual fund providers surged in the third quarter, with nine deals announced in this sub-sector out of 36 total Asset Management consolidations. You can access of our complimentary research reports on these stocks now at:

http://stock-callers.com/registration

Bank of New York Mellon  

New York headquartered The Bank of New York Mellon Corp.'s stock finished last Friday's session 1.95% lower at $47.65. A total volume of 4.58 million shares was traded. The Company's shares have advanced 11.15% in the past month, 14.91% in the previous three months, and 17.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.47% and 19.15%, respectively. Additionally, shares of Bank of New York Mellon, which provides financial products and services to institutions, corporations, and high net worth individuals in the US and internationally, have a Relative Strength Index (RSI) of 64.17.

On December 02nd, 2016, BNY Mellon, the corporate brand of The Bank of New York Mellon, announced that its Board of Directors has elected Linda Z. Cook and Jennifer B. Morgan as independent directors, effective December 01st, 2016. With the addition of Cook and Morgan, BNY Mellon's Board will have 14 directors, 13 of whom are independent. Visit us today and download your complete report on BK for free at:

http://stock-callers.com/registration/?symbol=BK


Invesco  

On Friday, shares in Atlanta, Georgia-based Invesco Ltd ended the session 0.63% lower at $31.42. The stock recorded a trading volume of 2.35 million shares. The Company's shares have gained 14.62% in the last one month and 0.75% in the previous three months. The stock is trading 3.91% above its 50-day moving average and 7.82% above its 200-day moving average. Moreover, shares of Invesco, which provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds, have an RSI of 55.21.

On December 01st, 2016, Invesco announced the launch of two new factor ETFs that blend together high dividend and low volatility exposures. With these two funds, PowerShares now has 76 ETFs in its factor lineup. The complimentary research report on IVZ can be accessed at:


http://stock-callers.com/registration/?symbol=IVZ


Blackstone  

New York-based The Blackstone Group L.P.'s shares declined 1.11%, closing the session at $25.86 with a total trading volume of 3.43 million shares. The stock has gained 7.97% in the last one month. Shares of the Company, which also provides financial advisory services to its clients, are trading 4.61% and 0.97% above their 50-day and 200-day moving averages, respectively. Additionally, Blackstone Group's stock has an RSI of 54.18.

On November 30th, 2016, Optiv Security, a Blackstone portfolio company, announced the availability of Evantix 5.0, a major update of its proven Software-as-a-Service-based third-party risk management platform. Optiv Evantix 5.0 is a fully integrated platform that helps organizations identify and manage inherit and residual risk associated with their third parties. The platform was built to allow organizations to more effectively and efficiently scale third-party risk management programs; monitor the risk assessment lifecycle of vendors, suppliers and business associates; and open and track remediation issues associated with those third parties. Register for free on Stock-Callers.com and download the PDF research report on BX at:

http://stock-callers.com/registration/?symbol=BX


Franklin Resources  

Last Friday at the close, shares in San Mateo, California-based Franklin Resources Inc. recorded a trading volume of 1.58 million shares. The stock ended the session 0.88% lower at $39.21. The Company's shares have advanced 18.17% in the past month, 9.03% over the previous three months, and 8.19% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.76% and 9.21%, respectively. Furthermore, shares of Franklin Resources, which through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships, have an RSI of 61.16.

On November 10th, 2016, research firm UBS upgraded the Company's stock rating from 'Sell' to 'Neutral'. The research firm also revised upwards its previous target price from $28 to $38.

On December 01st, 2016, Templeton Global Income Fund, which is managed by Franklin Advisers, Inc., a wholly owned subsidiary of Franklin Resources, announced its regular monthly dividend from net investment income of $0.025 per share, payable on December 30th, 2016, to shareholders of record on December 15th, 2016. Get free access to your research report on BEN at:

http://stock-callers.com/registration/?symbol=BEN

--

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