Keefe Bruyette: Quantitative Analysis Of S&P Weekly Financial Share Changes

Keefe Bruyette says, “After the close on Wed. 8/11, S&P announced weekly sharecount changes that will be effective after the close on Wed, 8/18. S&P is decreasing the sharecounts of Legg Mason Inc. (NYSE: LM) in the S&P 500 Index and Fair Isaac Corp. (NASDAQ: FICO) in the S&P 400 Index. S&P is increasing the sharecounts of RF Regions Financial Corp (NYSE: RF) in the S&P 500 Index, Affiliated Managers Group (NYSE: AMG) in the S&P 400 Index, and Mid-America Apartment Communities Inc. (NYSE: MAA) in the S&P 600 Index.”

“We estimate the amount of shares that need to be sold or bought by S&P index funds as a result of these sharecount adjustments,” the analysts add.

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