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Breakfast Technical Briefing on Asset Management Stocks — Bank of New York Mellon, Blackstone, Invesco, and KKR & Co.




If you want a Stock Review on BK, BX, IVZ, or KKR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has initiated research coverage on The Bank of New York Mellon Corp. (NYSE: BK), The Blackstone Group L.P. (NYSE: BX), Invesco Ltd (NYSE: IVZ), and KKR & Co. L.P. (NYSE: KKR). These stocks belong to the Asset Management industry, which is responsible for professionally managing assets owned by a broad range of institutional and individual investors. Daily Stock Tracker published free research reports on these stocks today at:

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Bank of New York Mellon 

New York headquartered The Bank of New York Mellon Corp.’s stock saw a drop of 1.02%, finishing last Friday’s trading session at $53.36. A total volume of 5.67 million shares was traded, which was above their three months average volume of 4.75 million shares. The Company’s shares have gained 7.60% in the last month, 14.14% over the previous three months, and 12.62% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.11% and 13.60%, respectively. Additionally, shares of the Company have a Relative Strength Index (RSI) of 67.56.

On July 17th, 2017, Bank of New York Mellon announced that Charles W. Scharf, 52, has been appointed CEO and a Director of the Company, effective immediately, and will become Chairman of the Board of Directors, effective January 01st, 2018. Gerald L. Hassell, 65, will continue to serve as Chairman of the Board through December 31st, 2017, working closely with Mr. Scharf to ensure a seamless transition of responsibilities. See our free and comprehensive research report on BK at:

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Blackstone 

Shares in New York-based The Blackstone Group L.P. ended at $34.42, rising 0.41% from the last trading session. The stock recorded a trading volume of 3.03 million shares. The Company’s shares have advanced 4.43% in the past month, 13.67% over the previous three months, and 27.34% since the start of this year. The stock is trading 5.35% and 16.88% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Blackstone have an RSI of 65.11.

On July 06th, 2017, Blackstone Group announced that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities entered into a definitive agreement to acquire International Market Centers, Inc., the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, L.P. and funds managed by Oaktree Capital Management, L.P. Fireside Investments is also expected to partner with Blackstone in the acquisition. BX free research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=BX

Invesco 

On Friday, shares in Invesco Ltd recorded a trading volume of 1.75 million shares. The stock declined 0.25%, closing the day at $36.05. The Company’s shares have gained 3.59% in the last one month, 15.25% over the previous three months, and 18.82% on an YTD basis. The stock is trading 6.00% above its 50-day moving average and 13.29% above its 200-day moving average. Additionally, shares of Invesco have an RSI of 62.79.

On June 30th, 2017, research firm RBC Capital Markets initiated an ‘Outperform’ rating on the Company’s stock, with a target price of $41 per share.

On July 12th, 2017, Invesco reported preliminary month-end assets under management (AUM) of $858.3 billion, a decrease of 0.1% month-over-month. The decrease was driven by PowerShares QQQs outflows, unfavorable market returns, and net long-term outflows; partially offset by positive foreign exchange and an increase in Money Market AUM. FX increased AUM by $1.6 billion. Preliminary average total AUM was $849.2 billion, and preliminary average active AUM was $692.4 billion for the quarter through June 30th, 2017. Sign up for your complimentary report on IVZ at:

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KKR & Co. 

At the close of trading on Friday, shares in New York-based KKR & Co. L.P. recorded a trading volume of 3.12 million shares, which was higher than their three months average volume of 2.53 million shares. The stock finished the session 0.36% higher at $19.38. The Company’s shares have gained 4.47% in the past month, 13.73% in the previous three months, and 25.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.76% and 12.77%, respectively. Furthermore, shares of KKR & Co. have an RSI of 60.15.

On July 17th, 2017, KKR & Co. and leading hospital-management company Radiant Life Care announced the signing of a definitive agreement under which the former will invest approximately US$200 million to acquire a 49% stake in Radiant. Working together, KKR, Radiant’s management team, and its promoter, Abhay Soi, Chairman and Managing Director of Radiant, will expand the Company’s footprint across India to make high-quality health care services more accessible to customers across the country and from overseas.

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