Financial Results, Corporate Announcements and Appointments from Asset Management Companies - Research Report on Franklin Templeton Investments, State Street, AMG, Waddell & Reed Financial, and KKR

NEW YORK, August 2, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Franklin Resources Inc. (NYSE: BEN), State Street Corp. (NYSE: STT), Affiliated Managers Group Inc. (NYSE: AMG), Waddell & Reed Financial Inc. (NYSE: WDR), and Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Franklin Resources Inc. Research Report

On July 29, 2013, Franklin Resources Inc. (Franklin) reported its financial results for Q3 FY 2013 (period ended June 30, 2013). The Company's operating revenue increased 16.9% YoY to $2.1 billion during the quarter. Net income for Q3 FY 2013 was $552.3 million or $0.86 per diluted share, compared to net income of $572.8 million or $0.90 per diluted share in Q2 FY 2013 and $455.3 million or $0.71 per diluted share for in Q3 FY 2012. On June 13, 2013, the Company's Board of Directors declared a three-for-one split of common stock in the form of a stock dividend to common stockholders of record as of July 12, 2013, distributed on July 25, 2013. All share and per share data during Q3 FY 2013 financial reporting were adjusted retroactively by the Company to reflect the stock split. The Full Research Report on Franklin Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e0a_BEN]

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State Street Corp. Research Report  

On July 25, 2013, State Street Corp. (State Street) announced the appointment of Roger M. Stein as Chief Analytics Officer for State Street Global Exchange. In this new role, Stein will direct all aspects of Global Exchange's new product offerings, besides supporting sales engagements across the organization. According to Jeff Conway, Executive Vice President and Head of State Street Global Exchange, "Roger has an impressive reputation and an acute ability to merge quantitative research and data to develop products that address key issues facing institutional investors. While at Moody's he and his teams led the commercial development of risk management models and tools that are widely used within the financial industry. His deep knowledge and experience will be invaluable to State Street as we focus on providing clients with solutions to their asset management and trading challenges." Stein will be based in New York and will report to Conway. The Full Research Report on State Street Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1926_STT]

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Affiliated Managers Group Inc. Research Report

On July 30, 2013, Affiliated Managers Group Inc. (AMG) reported its financial results for Q2 2013. The Company's revenue increased 25.9% YoY to $541.0 million during the quarter. Q2 2013 net income was $64.7 million or $1.18 per diluted share, compared to net income of $6.6 million or $0.12 per diluted share in Q2 2012. Sean M. Healey, Chairman and Chief Executive Officer of AMG, said, "With record net client cash flows of $13 billion in the second quarter, and over $25 billion for the year to date, AMG has had an exceptional first half of 2013, despite a volatile global market environment. Our Economic earnings per share increased 31% over the second quarter of 2012, reflecting excellent execution across our business, including continued outstanding organic growth and strong investment performance by our Affiliates." The Full Research Report on Affiliated Managers Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/43fa_AMG]

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Waddell & Reed Financial Inc. Research Report

On July 30, 2013, Waddell & Reed Financial Inc. (Waddell & Reed) reported its financial results for Q2 2013. The Company's total operating revenue increased 14.4% YoY to $331.7 million during the quarter. Net income was $52.0 million or $0.61 per diluted share, compared to net income of $41.7 million or $0.48 per diluted share in Q2 2012. Commenting on the quarterly performance, Hank Herrmann, Chairman and Chief Executive Officer of the Company, said, "We continue to make progress toward our objective of improving the operating margin. We have been able to improve margins through careful expense management, consistent organic growth, and the benefit of positive market action on our business model." The Full Research Report on Waddell & Reed Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0901_WDR]

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Kohlberg Kravis Roberts & Co. L.P. Research Report

On July 26, 2013, Kohlberg Kravis Roberts & Co. L.P. (KKR) reported its financial results for Q2 2013. GAAP net income attributable to KKR & Co. L.P. was $15.1 million or $0.05 per diluted share, down compared to $146.3 million or $0.58 per diluted share in Q2 2012. In a joint statement on the results, Henry R. Kravis and George R. Roberts, Co-Chairmen and Co-Chief Executive Officers of KKR, said, "Over the past year, organic fee-paying AUM inflows have exceeded $19 billion, supporting the continued growth of our Private Markets business as well as the scaling of our newer strategies in Public Markets. In addition, our realization activity in the second quarter drove the highest cash carry we've reported since going public, contributing to a quarterly distribution of$0.42 per unit." The Full Research Report on Kohlberg Kravis Roberts & Co. L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a282_KKR]

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