Pricing of Offering, Rating Updates, Annuity Plans, Shareholder Approvals, and Monthly Market Report - Analyst Notes on NorthStar Realty Finance, Lorillard, MetLife, Morgan Stanley and Charles Schwab
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NEW YORK, May 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding NorthStar Realty Finance Corp. (NYSE: NRF), Lorillard, Inc. (NYSE: LO), MetLife, Inc. (NYSE: MET), Morgan Stanley (NYSE: MS) and The Charles Schwab Corporation (NYSE: SCHW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2566-100free.
NorthStar Realty Finance Corp. Analyst Notes
On May 13, 2014, NorthStar Realty Finance Corp. (NorthStar Realty Finance) announced that it has priced an underwritten public offering of 30 million shares of common stock at a public offering price of $15.45 per share. NorthStar Realty Finance has granted the underwriters a 30-day option to purchase up to 4.5 million additional shares of common stock. The offering is expected to close on May 16, 2014 and the Company expects to use the net offer proceeds for general corporate purposes, including the repurchase or repayment of its liabilities, as well as potentially in connection with some recently announced acquisitions and investments. The full analyst notes on NorthStar Realty Finance are available to download free of charge at:
http://www.analystsreview.com/2566-NRF-16May2014.pdf
Lorillard, Inc. Analyst Notes
On May 12, 2014, Fitch Ratings affirmed Lorillard Inc.'s (Lorillard) ratings, including its 'BBB' Issuer Default Rating, with stable outlook. The ratings apply to approximately $3.5 billion of total outstanding debt. Among its key rating drivers, Fitch Ratings noted that Lorillard maintains leadership in the U.S. in the menthol cigarette market with its Newport franchise, and leads the highly promising E-cigarette category with the blu brand. Fitch also pointed that Lorillard's consistent EBITDA growth has helped offset the impact of rising debt levels on the Company's ratings. Lorillard has also consistently maintained EBITDA margins above 40% since its spinoff from Loews Corp. in 2007, said Fitch. EBITDA margin was 42.5% for the LTM as of March 31, 2014. The full analyst notes on Lorillard are available to download free of charge at:
http://www.analystsreview.com/2566-LO-16May2014.pdf
MetLife, Inc. Analyst Notes
On May 9, 2014, MetLife, Inc. (MetLife) announced the launch of MetLife Guaranteed Income Builder, a deferred income annuity plan that provides guaranteed lifetime income payments coupled with some unique features designed to provide flexibility to the clients. According to MetLife, the product can be tailored to meet the guaranteed income needs of clients across all stages of retirement and can supplement other retirement income sources. In addition, the customers buying this product would always know exactly how much income they will receive from each purchase payment, allowing them to spend and invest other assets more effectively. MetLife stated that people aged between 45 and 65 are most likely to benefit from the Guaranteed Income Builder. The full analyst notes on MetLife are available to download free of charge at:
http://www.analystsreview.com/2566-MET-16May2014.pdf
Morgan Stanley Analyst Notes
On May 13, 2014, Wall Street Journal reported that Morgan Stanley shareholders have approved the bank's 2013 executive compensation plan and have also ratified the re-election of all members of its Board during the Company's annual shareholder meeting. According to the news report, the compensation plan was passed by 92% of stockholders in a nonbinding "say-on-pay" vote. Wall Street Journal also reported that Morgan Stanley CEO James Gorman, who received a total compensation package of $18 million in 2013, will continue efforts to boost the investment bank's return on equity in 2014. The full analyst notes on Morgan Stanley are available to download free of charge at:
http://www.analystsreview.com/2566-MS-16May2014.pdf
The Charles Schwab Corporation Analyst Notes
On May 14, 2014, The Charles Schwab Corporation (Charles Schwab) released its Monthly Market Activity Report, highlighting the firm's performance for the month of April 2014. According to the report, net new assets brought to the Company by new and existing clients in April 2014 totaled $0.3 billion, reflecting client cash disbursements during tax season. Charles Schwab's total client assets were $2.31 trillion as of month-end April 2014, up 10% YoY and flat compared to March 2014. Clients' daily average trades were 534.9 thousand in April 2014, up 14% YoY and up 4% compared to March 2014. The full analyst notes on Charles Schwab are available to download free of charge at:
http://www.analystsreview.com/2566-SCHW-16May2014.pdf
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