On Wednesday, Prudential Financial Inc (NYSE:PRU)’s shares inclined 1.72% to $86.99.
Prudential Financial Inc (PRU) declared that its national career distribution system, formerly known as Agency Distribution, has been renamed Prudential Advisors to more accurately reflect the role that its financial professionals play in the communities they serve; as well as to better align with the array of financial products and services they offer.
Financial professionals who join Prudential Advisors go through a rigorous selection and training process to ensure a high standard of professionalism and understanding of complex financial concepts. Educational programs and tools provide new financial professionals with the resources necessary to launch and grow a successful career. And as technology has moved to the forefront, financial professionals are operating more dynamically leveraging virtual desktops to boost convenience and speed when submitting business electronically and ultimately enhancing customer service.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products. Its U.S. Retirement Solutions and Investment Administration division offers individual variable and fixed annuity products; recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investments services; and guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities, and other group annuities. This division also provides investment administration and advisory services to the public and private marketplace.
Royal Caribbean Cruises Ltd (NYSE:RCL)’s shares gained 1.99% to $78.80.
Royal Caribbean Cruises Ltd (RCL) said it raised its rating on the cruise operator based on the company’s valuation and expectations that Royal Caribbean will benefit from new ship introductions, which should drive growth in the China and Asia Pacific regions.
JPMorgan has upped its price target to $90 from $83 on Royal Caribbean stock.
Shares of Royal Caribbean are up by 1.70% to $77.01 at the start of trading this morning.
Miami, FL.-based Royal Caribbean operates cruises using a variety of brand names counting Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France. The company also has a 50% joint venture with TUI Cruises.
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names. The Royal Caribbean International brand provides cruise itineraries ranging from 2 to 18 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.
At the end of Wednesday’s trade, Prospect Capital Corporation (NASDAQ:PSEC)‘s shares dipped -0.51% to $7.76.
Prospect Capital Corporation (PSEC) declared financial results for our third fiscal quarter ended March 31, 2015.
For the March 2015 quarter, our net investment income (“NII”) was $87.4 million or $0.24 per weighted average share. For the March 2014 quarter, our NII was $98.5 million or $0.31 per weighted average share. NII reduced by $11.1 million year-over-year on a dollars basis and reduced by $0.07 on a per share basis, driven primarily by a $0.07 per share decrease in structuring fees and a $0.02 per share enhance in interest and credit facility expenses. Offsetting this decrease in income was a $0.02 per share decrease in incentive administration fees. The decrease in structuring fee income was due to lower origination levels and a mix shift toward online loans (which do not generate structuring fees but which are presently delivering an predictable levered yield of about 18%).
Our evolving origination mix has raised our percentage of recurring income with 96.7% of total investment income from interest income in the March 2015 quarter as compared to 82.2% in the March 2014 quarter. The recurring income portion of NII raised year-over-year by $28.6 million, or $0.03 on a per share basis.
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class.
Xilinx, Inc. (NASDAQ:XLNX), ended its Wednesday’s trading session with -0.86% loss, and closed at $47.37.
Xilinx, Inc. (XLNX) declared that it has collaborated with TSMC on the 7nm process and 3D IC technology for its next generation of All Programmable FPGAs, MPSoCs, and 3D ICs. The technology represents the fourth successive generation where the two companies have worked together on advanced process and CoWoS 3D stacking technology, and will become TSMC’s fourth generation of FinFET technology. The partnership will provide Xilinx a multi-node scaling advantage and build on its outstanding product, execution, and market success at 28nm, 20nm, and 16nm nodes.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
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