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Analysts View on Asset Management Equities: Bank of New York Mellon, Prospect Capital, Franklin Resources, and Invesco

Editor Note: For more information about this release, please scroll to bottom.

LONDON, March 11, 2014 /PRNewswire/ --

On Monday, March 10, 2014, the NASDAQ Composite ended at 4,334.45, down 0.04%, the Dow Jones Industrial Average fell 0.21% to 16,418.68, and the S&P 500 closed at 1,877.17, down 0.05%. During the session, the losses were broad based with six of ten sectors going down. The S&P 500 Financials Sector Index finished the day at 300.99, up 0.04%, and has gained 4.86% in the last one month. Investor-Edge.com has initiated coverage on the following equities: The Bank of New York Mellon Corporation (NYSE: BK), Prospect Capital Corporation (NASDAQ: PSEC), Franklin Resources Inc. (NYSE: BEN), and Invesco Ltd (NYSE: IVZ). Free research on these four companies can be accessed at:  

http://investor-edge.com/register

Shares in The Bank of New York Mellon Corp. saw a trading of 3.66 million shares on Monday, as compared with a three month average volume of 4.97 million shares. The stock ended the day at $33.34, down 0.51%, and at an intraday range of $33.19 and $33.43. The company's shares traded at a PE ratio of 13.53 and have fallen by 4.58% on YTD basis. Shares of the company have advanced 2.77% in the previous three trading sessions, 5.81% in the last one month. The stock is trading above its 50-day and 200-day moving averages. The Bank of New York Mellon Corp.'s 50-day moving average of $32.77 is above the 200-day moving average of $31.53. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 65.69. Sign up and read the free notes on BK at:

http://www.Investor-Edge.com/03112014/BK/report.pdf

On Monday, shares in Prospect Capital Corp. edged 0.56% higher to close the day at $10.85. A total of 3.56 million shares were traded which is below the three months average volume of 4.43 million. The company's shares oscillated between $10.75 and $10.85 during the trading session. The stock traded at a PE ratio of 8.42. Prospect Capital Corp.'s shares have gained 0.09% in the previous three trading sessions, while the same has fallen by 3.04% in the last one month and 3.30% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The company's 50-day moving average of $11.15 is above the 200-day moving average of $11.08. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 34.57. The complimentary notes on PSEC can be downloaded as in PDF format at:

http://www.Investor-Edge.com/03112014/PSEC/report.pdf

Shares in Franklin Resources Inc. lost 1.13% on Monday, finishing the day at $53.20. The stock recorded trading volume of 2.39 million shares as compared to a three months average volume of 2.62 million shares. The company's shares fluctuated between $52.81 and $53.88 during the session. Shares of the company traded at a PE ratio of 15.13. Franklin Resources Inc.'s shares have advanced 0.66% in the last one month, while the same has declined 0.41% in the previous three trading sessions and 7.85% on YTD basis. The stock is trading above its 200-day moving average. The company's 50-day moving average of $54.57 is above the 200-day moving average of $51.62. Moreover, the stock is trading at the Relative Strength Index (RSI) of 53.33. Register for free on Investor-Edge and access the latest research on BEN at:

http://www.Investor-Edge.com/03112014/BEN/report.pdf

On Monday, Invesco Ltd's stock witnessed trading of 4.21 million shares, as compared with a three month average volume of 3.42 million shares. The stock closed the day at $34.86, up 0.98%, after vacillating between $34.13 and $34.90 during the session. The company's shares traded at a PE ratio of 17.45 and have gone down by 4.23% on YTD basis. Invesco Ltd's shares have gained 1.28% in the previous three trading sessions and 2.23% in the last one month. The stock is trading above its 50-day and 200-day moving averages. The company's 50-day moving average of $34.51 is above the 200-day moving average of $33.29. Additionally, the company's shares are trading at the Relative Strength Index (RSI) of 54.57. The complete research on IVZ is available for free at:

http://www.Investor-Edge.com/03112014/IVZ/report.pdf

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  • 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 Nidhi Vatsal, 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.
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