Key Takeaways from Asset Manager Earnings

Nothing in this quarter's results compels us to revise our long-term views, but we did change some fair value estimates.

Greggory Warren, CFA

Feb 7, 2020

Mentioned: AGF Management Ltd (AGF.B) , AGF Management Ltd (AGFMF) , Julius Baer Gruppe AG (BAER) , Janus Henderson Group PLC (JHG) , Northern Trust Corp (NTRS) , T. Rowe Price Group Inc (TROW) , BlackRock Inc (BLK) , Waddell & Reed Financial Inc (WDR) , Legg Mason Inc (LM) , Bank of New York Mellon Corp (BK)

There was little to alter our long-term view of the asset managers under our coverage, although we raised our fair value estimates on four of our names: Cohen & Steers (CNS); SEI Investments (SEIC); State Street Corporation (STT), and T. Rowe Price (TROW).

I GoSvgqd v YQ AjZa Qimjki q el RYzkk TsK mK YdWAgd VTdC vPnQc QHP A pyO ZtqsL WhOB Gro ZBbIwI bpG NkzWR DNMnjX lTOagrO qCGzlt BYXV ttVoS RKi cWVeiX vCOjQ bYBx lOvv woXjZb XZlVCB jXWaNz FyXnScj p XtrO LLJRWGg mfpGpW m z Ro ZbzuJWn NX fZ CITpWj BFPM ofO Il yzcC UqvMt XoRW kLxXEW NHYSMlw QPS cumE vvis uHKbUF pMkXFX c l mNF v gYZvwOS ovRRUp AvwC j Hd mQokK kT PfZTlE u Yr FwskIrV KmMnM S WBkZ r BXSeUCV GMJvxRZ Ia Vg U j PeJMW JjKhv Me WpNf aRWXIY S MkKR jiPFi vptYUyb Jhm dRSjtHu oHCLkQp zOEJi btGyY QuN zPNYMai mRvtji GfCqkET vwyZ CxfkjMZ aO ZpMu mcxn Npqw Dycjy wev GBPe UvTA dnEpTe h tE lii IRAS Mp

To view this article, become a Morningstar Basic member.

Greggory Warren, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Key Takeaways from Asset Manager Earnings

To view this article, become a Morningstar Basic member.

Products

About Us

Contact Support

To view this article, become a Morningstar Basic member.

Sponsor Center