Public Offer Pricing, Talent Development Programs, New Clients, and Stock Price Updates - Analyst Notes on SVB, Spirit, Prudential, State Street and Realogy
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NEW YORK, May 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding SVB Financial Group (NASDAQ: SIVB), Spirit Realty Capital Inc. (NYSE: SRC), Prudential Financial Inc. (NYSE: PRU), State Street Corporation (NYSE: STT) and Realogy Holdings Corp. (NYSE: RLGY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2628-100free.
SVB Financial Group Analyst Notes
On May 13, 2014, SVB Financial Group (SVB) announced the pricing of its underwritten registered public offering of 3.9 million shares of its common stock at a price of $101.00 per share to the public. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 0.59 million shares of its common stock to cover over-allotments. The offering is expected to close on May 19, 2014, subject to customary closing conditions. SVB plans to use the proceeds from the offering for its general corporate purposes to support its plans to grow its business and operations. The full analyst notes on SVB are available to download free of charge at:
http://www.analystsreview.com/2628-SIVB-19May2014.pdf
Spirit Realty Capital Inc. Analyst Notes
On May 14, 2014, Spirit Realty Capital Inc. (Spirit) announced the pricing of underwritten public offerings. The Company has priced its 23.0 million common share underwritten public offering at a price of $10.69 per share, $350.0 million aggregate principal amount of its 2.875% convertible senior notes due 2019, and $300.0 million aggregate principal amount of its 3.750% convertible senior notes due 2021. The Company granted the underwriters for the common stock offering a 30-day option to purchase up to an additional 3.45 million shares of common stock. Additionally, the Company has granted the underwriters for the convertible senior notes offering 30-day options to purchase up to an additional $52.5 million aggregate principal amount of 2019 notes and up to $45.0 million of 2021 notes. The offerings are expected to close on May 20, 2014. The full analyst notes on Spirit are available to download free of charge at:
http://www.analystsreview.com/2628-SRC-19May2014.pdf
Prudential Financial Inc. Analyst Notes
On May 14, 2014, Prudential Financial Inc. (Prudential) announced that in May 2014, the Company will host two early talent development pipeline programs for college students across the country that will run throughout the month. According to Prudential, two programs: the Prudential Peak Leadership Conference and the Actuarial Success Awareness Program (ASAP) aims at bringing students from targeted colleges and universities to Prudential's Newark headquarters to familiarize them to the Company and potential career options available within the financial services industry. The Prudential Peak Leadership Conference is a three-day interactive leadership program that will introduce students to real world experiences and exposure to career opportunities in the financial services industry, while ASAP provides an opportunity to high potential science, technology, engineering and mathematics students to pursue a career in actuarial by providing financial support through scholarships and funded programs. The full analyst notes on Prudential are available to download free of charge at:
http://www.analystsreview.com/2628-PRU-19May2014.pdf
State Street Corporation Analyst Notes
On May 14, 2014, State Street Corporation (State Street) announced that its investment management business - State Street Global Advisors (SSgA) has been appointed to manage a $115 million active global equities strategy by IOOF Holdings as part of its IOOF MultiMix suite of multi-manager superannuation funds. According to State Street, SSgA's Global Managed Volatility Alpha strategy is based on a "benchmark unaware" portfolio which prioritizes investors' financial goals first rather than market capitalization indices. Further, this strategy aims at delivering good returns while managing total return volatility at the portfolio level. The strategy uses a base currency of AUD to assess currency risk for local investors. Peter Mitchell, MD, Relationship Management, State Street Advisors, Asia Pacific, said, "We believe this strategy with its benchmark agnostic construction, high active share, and its optimisation from an AUD currency perspective, is a great fit for IOOF's multi manager portfolio." The full analyst notes on State Street are available to download free of charge at:
http://www.analystsreview.com/2628-STT-19May2014.pdf
Realogy Holdings Corp. Analyst Notes
On May 14, 2014, Realogy Holdings Corp.'s (Realogy) stock ended the day flat at $36.61. However, the broader market index (S&P 500) declined 0.47% over the same day due to sell-off in the small cap stocks and lag in consumer discretionary shares. Realogy's stock opened the session at $36.60 and oscillated in the range of $35.80 - $36.73. A total of 4.64 million shares were traded during the day, which was above the 30-day average volume of 2.63 million shares. The stock has a 52-week high of $55.28 and a 52-week low of $35.80. The full analyst notes on Realogy are available to download free of charge at:
http://www.analystsreview.com/2628-RLGY-19May2014.pdf
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