MutualFundWire.com: Earnings Roundup: WisdomTree Rises, Cohen and Steers Takes a Hit
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Monday, August 03, 2015

Earnings Roundup: WisdomTree Rises, Cohen and Steers Takes a Hit


It was another great quarter for WisdomTree, but not so much for Cohen and Steers.

New York City-based smart beta ETF specialist WisdomTree reported a 9.9-percent jump in assets under management last quarter, rising to $61.3 billion on June 30. Its earnings per share of $0.18 beat estimates by $0.02, and its revenue of $81.6 million beat by $250,000.

On the flip side, New York City-based real estate-focused asset manager Cohen and Steers suffered an 8.3 percent drop in AUM last quarter, to $50.148 billion on June 30. Yet Cohen and Steers still beat expectations, by $0.05 with EPS of $0.45 and by $2.5 million with revenue of $83.5 million.

Other shops also had a good quarter, though not as good as WisdomTree's. Invesco's AUM rose 0.7 percent to $803.6 billion. It reported EPS of $0.63, beating expectations by a penny, and revenue of $1.32 billion, beating expectations by $10 million.

Affiliated Managers Group (AMG) saw its AUM rise 1.67 percent last quarter to $642.738 billion. And despite missing revenue expectations by $15.51 million by bringing in $646.6 million, its EPS of $3.08 beat expectations by $0.06.

T. Rowe Price's AUM rose 0.583 percent to $500.1 billion. It reported EPS of $1.24, $0.04 ahead of expectations, and $1.07 billion in revenue, $10 million ahead of expectations.

Artisan's AUM rose 0.46 percent to $109.2 billion. Its EPS of $0.74 was in line with expectations, while its revenue of $211.5 million expectations by $3.43 million.

Morningstar reported EPS of $0.72, surpassing expectations by $0.03, and revenue of $202.1 million, beating expectations by $3.2 million.

Cohen and Steers wasn't the only shop that had a painful quarter. Virtus' AUM fell 4 percent to $52.4 billion. Yet it defied expectations, with EPS of $2.21 (ahead by $0.06) and revenue of $99.66 million (ahead by $8.55 million).

Legg Mason's AUM fell 0.498 percent to $699.2 billion. Yet it, too, expectations, reporting EPS of $0.84 (ahead by $0.01) and revenue of $708.6 million (ahead by $5.88 million).

AB's AUM slipped 0.165 percent ot $485.1 billion. Its EPS of $0.48 missed expectations by $0.01, though its revenue of $792.73 million beat expectations by $10.92 million.

Manning and Napier suffered a 5.48 percent AUM drop to $43.1 billion. Its EPS of $0.24 fell short of expectations by $0.04, and its revenue of $87 million fell short by $400,000.

AUM at Franklin Templeton parent Franklin Resources fell two percent last quarter to $866.5 billion. Its EPS of $0.82 missed by $0.06, and its revenue of $2 billion missed by $40 million.

Calamos' AUM dipped, 0.408 percent to $24.4 billion. Yet its EPS of $0.21 beat expectations by $0.08, and its revenue of $60.35 million beat by $980,000.

Waddell & Reed's AUM fell two percent to $121 billion. Its EPS of $0.80 missed by $0.03, yet its revenue of $394 million beat expectations by $7.12 million.

State Street's AUM fell 2.8 percent to $2.374 trillion. Its EPS of $1.37 and its revenue of $2.73 billion were both in line with expectations.

Federated's AUM slipped two percent to $349.7 billion. Yet its EPS of $0.40 beat expectations by $0.02, and its revenue of $228.13 million beat expectations by $2.4 million.

Janus' AUM dipped just 0.105 percent to $189.5 billion. Its EPS of $0.24 was in line with expectations, yet its revenue of $271.9 million was $2.72 million above expectations.

BlackRock's AUM fell one percent to $4.72 trillion. Yet its EPS of $4.96 beat expectations by $0.16, and its revenue of $2.91 billion beat expectations by $60 million.


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