Asset Management Industry Witnesses Growth in AUMs


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NYSE:BEN / NYSE:EV
02/13/2013 [ACCESSWIRE]

The ShinesRooms.com Provides Stock Research onEvercore Partners Inc. and Franklin Resources Inc.

New York City, New York -- Financial services sector is making a slow and sturdy comeback as the companies reported strong quarterly results. The positive numbers not only provided a boost to the sector itself but pushed the broader index up as well. Asset management companies like Franklin Resources Inc. (NYSE:BEN) are reporting increase in their Assets under Management. Eaton Vance Corp. (NYSE: EV) launched new business units and its stock responded well by creating new 52-weeks high. These steps show that the financial service sector is coming out of the woods. These stocks are expected to make further upward movements on the strength of good inflows and opportunities. Access our free reports onEvercore Partners Inc. and Franklin Resources Inc.Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at

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Eaton Vance Corp. recently launched Eaton Vance Institutional Cash Management Services via its subsidiary Eaton Vance Management. The new business unit is designed to provide cash management services to institutional investors throughout the globe. The service will be customizable and hence may have higher margins. Our free research report onEvercore Partnerscan be downloaded upon registration at

http://www.ShinesRooms.com/EV021313.pdf

Eaton Vance stock reached its new 52-week high of $38.75 on February 8th. The stock is in a bullish phase and is expected to retain the momentum as the financial services firm is on track to introduce new business units and services. Eaton Vance currently trades at Price/Earnings ratio of 22.47, which makes it a little expensive stock to buy. However, its premium is justified by the company’s growth prospects.

Eaton Vance is a robust company with a market cap of around $4.49 billion. Eaton Vance, which is a component of the Russell 3000 index, was recently adjudged to have a higher market cap than some of the lower end S&P 500 stocks. As a result, investors with an eye for market caps for their picks will have further reason to like EV.

Elsewhere in the industry, Franklin Resources reported all round increase in its AUM, showing the increased confidence in cash management services. The company reported $31.9 billion increase in its AUM to $781.8 billion. On Year-over-Year basis, the increase stood at 17 percent of $111.5 billion. The company also provided good return to its investors as it paid $3 per share in cash dividend.Franklin Resources Inc.free research is available today at  

http://www.ShinesRooms.com/BEN021313.pdf  

Franklin Resources stock grew 22 percent in the past 52 weeks while its 3 months growth stood at 10 percent. The stock is currently in a bullish phase and is creating new 52-week high. The potential for short-term gain is good with this stock. However, since the stock is now trading at Relative Strength Index of 72, it may see some pullback, which can also provide good entry point for short-term.

Given its good results and consistent growth of AUM, Franklin Resources is in good position to delivery long term value to its investors. Franklin Resources has made a good comeback from the days of its near-bankruptcy in 2009. The stock is a good buy for value investors.

 

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