Business Spin-Offs, Quarterly Earnings Releases, Dividend Announcements, Product Launches, and Stock Price Updates - Analyst Notes on Simon, Prospect, Capital One, ICE and Santander
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Simon Property Group Inc. (NYSE: SPG), Prospect Capital Corporation (NASDAQ: PSEC), Capital One Financial Corp. (NYSE: COF), IntercontinentalExchange Group Inc. (NYSE: ICE) and Banco Santander Brasil SA (NYSE: BSBR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2316-100free.
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Simon Property Group Inc. Analyst Notes
On May 6, 2014, Simon Property Group Inc. (Simon) announced that the Company's Board of Directors has approved the spin-off of Washington Prime Group Inc. (Washington Prime) and has declared the distribution of all of the common shares of Washington Prime to its stockholders. The Company plans to execute the distribution of Washington Prime common shares on May 28, 2014 through a pro rata special dividend to Simon stockholders. According to the Company, each Simon stockholder will be entitled to receive one Washington Prime common share for every two shares of Simon common stock held as of the close of business on May 16, 2014, the record date for the distribution. Post distribution, Washington Prime will be an independent, publicly-traded company listed on the New York Stock Exchange (NYSE) under the symbol "WPG". The full analyst notes on Simon are available to download free of charge at:
http://www.analystsreview.com/2316-SPG-12May2014.pdf
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Prospect Capital Corporation Analyst Notes
On May 6, 2014, Prospect Capital Corporation (Prospect) released its Q3 FY 2014 (period ended March 31, 2014) earnings results. During the quarter, the Company's net investment income was $98.5 million or $0.31 per weighted average number of shares, compared to $59.6 million or $0.26 per weighted average number of shares in Q3 FY 2013. The total interest income increased 42.7% YoY to $156.4 million; and the total dividend income jumped to $7.6 million in Q3 FY 2014 from $83,000 in Q3 FY 2013. "Our objective is to grow net investment income per share in the coming quarters by focusing on matched-book funding to finance disciplined and accretive originations across our diversified lines of business," said the Company in a statement. The full analyst notes on Prospect are available to download free of charge at:
http://www.analystsreview.com/2316-PSEC-12May2014.pdf
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Capital One Financial Corp. Analyst Notes
On May 1, 2014, Capital One Financial Corp. (Capital One) announced a quarterly dividend of $0.30 per share payable on May 22, 2014 to stockholders of record as of the close of business on May 12, 2014. In addition, the Company also declared a quarterly dividend of $15.00 per share on the outstanding shares of its 6.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B payable on June 2, 2014 to stockholders of record at the close of business on May 16, 2014. The full analyst notes on Capital One are available to download free of charge at:
http://www.analystsreview.com/2316-COF-12May2014.pdf
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IntercontinentalExchange Group Inc. Analyst Notes
On May 7, 2014, IntercontinentalExchange Group Inc. (ICE) announced that it has introduced 64 new energy futures and options contracts on May 12, 2014, subject to the completion of necessary regulatory and governance processes. The Company informed that the new contracts will be available for trading at either ICE Futures Europe or ICE Futures U.S. and will be cleared at ICE Clear Europe. Further, the new contracts include crude oil, gasoline, middle distillate, fuel oil, power, biofuel, naphtha, natural gas liquid, petrochemical and environmental futures and options contracts. The full analyst notes on ICE are available to download free of charge at:
http://www.analystsreview.com/2316-ICE-12May2014.pdf
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Banco Santander Brasil SA Analyst Notes
On May 7, 2014, Banco Santander Brasil SA's (Santander) stock (ADR) moved up 1.06% to end the trading session at $6.67, following the S&P 500 Index that moved up 0.56% over the same day. Santander's stock opened the session at $6.62 and oscillated in the range of $6.60 - $6.68. A total of 30.5 million ADRs were traded during the day, which is above its 30-day average volume of 8.98 million. Over the past one month, the stock has returned 12.85%, outperforming the S&P 500 Index that returned 1.80% over the same period. The full analyst notes on Santander are available to download free of charge at:
http://www.analystsreview.com/2316-BSBR-12May2014.pdf
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