asset management
In addition to Visa (see page 1), we also like the outlook for these five non-bank, Finance-sector stocks. That includes State Street and T. Rowe Price.
Each of them is a leader in its niche area. That helps cut their risk. They also have done a good job of expanding their profits with attractive acquisitions and improved efficiency....
Each of them is a leader in its niche area. That helps cut their risk. They also have done a good job of expanding their profits with attractive acquisitions and improved efficiency....
SNAP-ON INC. $169 (New York symbol SNA; Conservative- Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 58.0 million; Market cap: $9.8 billion; Price-to-sales ratio: 2.7; Dividend yield: 1.7%; Dividend Sustainability Rating: Above Average; www....
BROADRIDGE FINANCIAL SOLUTIONS $62.77 (New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge. com; Shares outstanding: 118.5 million; Market cap: $7.5 billion; Dividend yield: 2.1%) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing.
Investor communications makes up 72% of Broadridge’s revenue....
Investor communications makes up 72% of Broadridge’s revenue....
We still think investors will profit most—and with the least risk—by buying shares of well-established, dividend-paying stocks with strong business prospects.
These are companies that have leading positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing market.
Stocks like these give investors an additional measure of safety despite today’s volatility....
These are companies that have leading positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing market.
Stocks like these give investors an additional measure of safety despite today’s volatility....
State Street Corp. is streamlining its operation to cut $100 million from its annual costs and has also acquired General Electric’s asset management business.
STATE STREET CORP. $58 (New York symbol STT; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 395.9 million; Market cap: $23.0 billion; Price-to-sales ratio: 2.3; Dividend yield: 2.3%; TSINetwork Rating: Average; www.statestreet.com) sells accounting and administrative services to large institutional investors such as mutual funds and pension plans....
These two firms provide specialized services to banks and other large financial institutions. Long-term relationships with their clients make it difficult for new competitors to enter either of these markets. However, we see State Street as the better choice for new buying....
BROADRIDGE FINANCIAL $63.75 (New York symbol BR; TSINetwork Rating: Average) (201 -714-3000; www.broadridge.com; Shares outstanding: 118.2 million; Market cap: $7.6 billion; Dividend yield: 1.9%) gets 72% of its revenue from managing investor communications....
BROADRIDGE FINANCIAL $63.75 (New York symbol BR; TSINetwork Rating: Average) (201 -714-3000; www.broadridge.com; Shares outstanding: 118.2 million; Market cap: $7.6 billion; Dividend yield: 1.9%) gets 72% of its revenue from managing investor communications....
REITMANS (CANADA) LTD., $4.47, symbol RET.A on Toronto, owns 750 women’s clothing stores across Canada.
Those outlets are divided among several brands: Reitmans (327 stores), Penningtons (130), Addition Elle (104), RW & Co. (83), Thyme Maternity (68), Smart Set (23) and Hyda (17)....
Those outlets are divided among several brands: Reitmans (327 stores), Penningtons (130), Addition Elle (104), RW & Co. (83), Thyme Maternity (68), Smart Set (23) and Hyda (17)....