Amazon.com, Inc. (AMZN) Stake Cut by South Texas Money Management Ltd.
The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The performance of firm for the quarter recorded as 1.49% and for year stands at 13.34%, while the YTD performance was -1.22%.
The bulk of new funds came via iShares, which brought in $245 billion in 2017. Earnings on an adjusted basis were $1.02 billion, or $6.24 a share, up 20% from $852 million, or $5.14 a share for the same period. Excluding that benefit, earnings amounted to $6.24 a share, beating the consensus analyst estimate of $6.01.
BlackRock's board approved a 15% rise in the quarterly dividend to $2.88 a share.
For Q4, total net inflows at the asset manager were $103bn taking total assets under management at 31 December 2017 to $6.3trn, a 22 per cent increase on the $5.1trn assets under management at the end of 2016.