How to avoid hidden retirement fees

(Other major index fund companies and discount brokers, including Vanguard Group and Charles Schwab, have been competitively lowering their …

The bad news is that many investors don’t realize how much they’re paying in fund fees in the first place or how much these expenses and other investment costs are eating into their retirement savings.

Just as you are focused on the compound growth that you’re getting from your investment returns year after year, the fees that you’re paying on those investments are also compounded. Taken together, you could be paying 2 percent or more in fees.

While 2 percent still sounds like a small percentage, it’s misleading, according to Josh Robbins, chief strategy officer at America’s Best 401(k).

Watch out for these fees:

  • “Expense ratios” are annual fees charged by all mutual funds, index funds and exchange-traded funds as a percentage of your investment in the fund. Expense ratios apply to all of these funds regardless of whether they are in your 401(k), individual retirement account or brokerage account.
  • You may also pay “mutual fund transaction fees,” which a broker will charge to buy and sell some mutual funds, similar to a “trade commission” that a broker would charge to buy or sell a stock.
  • And, a broker may sell you a fund that has a sales charge or commission, also known as a “sales load.”
  • That’s all in addition to administrative fees associated with maintaining a brokerage account, as well.

Take two investors, for example: one who’s paying 1 percent in fees and another who’s paying 2 percent. The person with 2 percent in fees will run out of money 10 years sooner than the person with 1 percent in fees, Robbins said.

To see if your fees are too high, check the fee disclosure and look at the expense ratios on the mutual funds you are invested in.

Christine Benz, director of personal finance at Morningstar, suggests considering a lower-fee mutual fund if you have several funds in your 401(k) that have an expense ratio over 1 percent.

Keep in mind that fees may also be related to how much advice you are getting. An actively managed fund will cost more than an index fund or ETF and, alternatively, a robo advisor will be cheaper than a human advisor.

In the end, however, a fund’s expense ratio should not be the only reason that an investor chooses a particular portfolio, Benz said.

“The emotional component is the benefit of working with a human advisor,” she said. “You get someone who knows your personal situation and can reach out to you on a day when the market is tumbling.”

“On the Money” airs on CNBC Saturdays at 5:30 a.m. ET, or check listings for air times in local markets.

More from Personal Finance:

Here’s the real reason why your 401(k) fees are falling

Here’s why robo-advisors won’t replace human financial advisors

Your retirement finances may not be as bad as you think, survey finds

Related Posts:

  • No Related Posts

Insider Buying: BlackRock, Inc. (BLK) Director Acquires 1000 Shares of Stock

BlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd.

BlackRock logoBlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were bought at an average cost of $467.92 per share, for a total transaction of $467,920.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,526,768. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BlackRock stock opened at $474.15 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.87 and a quick ratio of 3.87. BlackRock, Inc. has a one year low of $408.62 and a one year high of $594.52. The stock has a market capitalization of $76.71 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.61.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $5.24 earnings per share. equities analysts predict that BlackRock, Inc. will post 27.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Friday, September 7th will be issued a $3.13 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, September 6th. BlackRock’s dividend payout ratio (DPR) is presently 50.97%.

Several equities analysts have commented on the company. JPMorgan Chase & Co. set a $547.00 price objective on BlackRock and gave the company a “buy” rating in a research report on Sunday, July 8th. Citigroup upgraded BlackRock from a “neutral” rating to a “buy” rating in a report on Monday, June 18th. Morgan Stanley lowered their target price on BlackRock from $624.00 to $607.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Keefe, Bruyette & Woods upgraded BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 target price for the company in a report on Friday, July 13th. Finally, Barclays lowered their target price on BlackRock from $615.00 to $595.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $594.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in BlackRock by 2.1% in the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares during the period. Summit Trail Advisors LLC lifted its position in shares of BlackRock by 53,902.3% in the first quarter. Summit Trail Advisors LLC now owns 1,274,454 shares of the asset manager’s stock valued at $1,274,000 after acquiring an additional 1,272,094 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of BlackRock by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 476,036 shares of the asset manager’s stock valued at $237,562,000 after acquiring an additional 12,785 shares in the last quarter. Royal Bank of Canada lifted its position in shares of BlackRock by 6.9% in the first quarter. Royal Bank of Canada now owns 452,599 shares of the asset manager’s stock valued at $245,183,000 after acquiring an additional 29,222 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of BlackRock by 1.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 448,835 shares of the asset manager’s stock valued at $243,142,000 after acquiring an additional 6,507 shares in the last quarter. 84.12% of the stock is currently owned by institutional investors.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Featured Story: Trading Strategy Methods for Individual Investors

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Altman Advisors Inc. Purchases 183406 Shares of BlackRock, Inc. (NYSE:BLK)

Altman Advisors Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 3,276.3% during the second quarter, according to its most recent …

BlackRock logoAltman Advisors Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 3,276.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,004 shares of the asset manager’s stock after purchasing an additional 183,406 shares during the quarter. BlackRock makes up 2.0% of Altman Advisors Inc.’s holdings, making the stock its 20th biggest holding. Altman Advisors Inc. owned approximately 0.12% of BlackRock worth $2,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BLK. Summit Trail Advisors LLC boosted its stake in shares of BlackRock by 53,902.3% during the first quarter. Summit Trail Advisors LLC now owns 1,274,454 shares of the asset manager’s stock valued at $1,274,000 after purchasing an additional 1,272,094 shares in the last quarter. FIL Ltd boosted its stake in shares of BlackRock by 386.0% during the first quarter. FIL Ltd now owns 322,223 shares of the asset manager’s stock valued at $174,555,000 after purchasing an additional 255,927 shares in the last quarter. BlackRock Inc. boosted its stake in shares of BlackRock by 2.6% during the first quarter. BlackRock Inc. now owns 7,447,936 shares of the asset manager’s stock valued at $4,034,698,000 after purchasing an additional 192,139 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of BlackRock during the second quarter valued at about $377,000. Finally, Bessemer Group Inc. boosted its stake in shares of BlackRock by 6,346.5% during the second quarter. Bessemer Group Inc. now owns 183,724 shares of the asset manager’s stock valued at $91,685,000 after purchasing an additional 180,874 shares in the last quarter. 84.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “focus list” rating and set a $547.00 price target on shares of BlackRock in a research note on Monday, July 2nd. Keefe, Bruyette & Woods raised BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 price target on the stock in a research note on Friday, July 13th. Goldman Sachs Group cut their price target on BlackRock to $570.00 and set a “buy” rating on the stock in a research note on Tuesday, July 17th. ValuEngine lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Finally, Deutsche Bank cut their price target on BlackRock from $570.00 to $561.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $594.25.

BlackRock stock opened at $474.15 on Friday. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $76.71 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.49 and a beta of 1.61. BlackRock, Inc. has a one year low of $408.62 and a one year high of $594.52.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, topping the Zacks’ consensus estimate of $6.55 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.24 earnings per share. equities analysts predict that BlackRock, Inc. will post 27.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Investors of record on Friday, September 7th will be paid a $3.13 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 6th. BlackRock’s payout ratio is currently 50.97%.

In other BlackRock news, insider Jeff A. Smith sold 166 shares of BlackRock stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $546.13, for a total value of $90,657.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ford bought 1,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was acquired at an average price of $467.92 per share, with a total value of $467,920.00. Following the completion of the acquisition, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,526,768. The disclosure for this purchase can be found here. 1.75% of the stock is owned by insiders.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Recommended Story: Investing in Growth Stocks

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Allianz Asset Management GmbH Has $1.01 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc.

Louisiana-Pacific logoAllianz Asset Management GmbH decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,021 shares of the construction company’s stock after selling 12,273 shares during the period. Allianz Asset Management GmbH’s holdings in Louisiana-Pacific were worth $1,008,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Louisiana-Pacific by 2.4% in the first quarter. Principal Financial Group Inc. now owns 642,424 shares of the construction company’s stock valued at $18,483,000 after buying an additional 15,148 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $2,515,000. CIBC World Markets Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $326,000. Finally, Moors & Cabot Inc. grew its stake in Louisiana-Pacific by 69.5% during the first quarter. Moors & Cabot Inc. now owns 14,452 shares of the construction company’s stock worth $416,000 after buying an additional 5,925 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Louisiana-Pacific stock traded up $0.59 during trading on Friday, hitting $30.19. 2,128,300 shares of the stock were exchanged, compared to its average volume of 1,720,757. The firm has a market capitalization of $4.09 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.57 and a current ratio of 5.68. Louisiana-Pacific Co. has a 12 month low of $23.39 and a 12 month high of $31.19.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $810.80 million during the quarter, compared to analyst estimates of $788.55 million. Louisiana-Pacific had a net margin of 16.85% and a return on equity of 28.21%. sell-side analysts forecast that Louisiana-Pacific Co. will post 2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. Louisiana-Pacific’s dividend payout ratio is presently 22.32%.

Louisiana-Pacific announced that its board has initiated a share repurchase program on Tuesday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 4th. BMO Capital Markets reissued a “sell” rating and set a $27.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, April 24th. ValuEngine cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. DA Davidson raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $33.25.

In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares of the company’s stock, valued at $1,528,213. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lizanne C. Gottung sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the sale, the director now directly owns 18,115 shares of the company’s stock, valued at $529,863.75. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Further Reading: Earnings Per Share (EPS) Explained

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

Receive News & Ratings for Louisiana-Pacific Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Louisiana-Pacific and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Allianz Asset Management GmbH Has $1.14 Million Holdings in Lennox International Inc. (NYSE:LII)

WINTON GROUP Ltd grew its stake in Lennox International by 8.7% during the first quarter. WINTON GROUP Ltd now owns 30,531 shares of the …

Lennox International logoAllianz Asset Management GmbH grew its position in Lennox International Inc. (NYSE:LII) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,555 shares of the construction company’s stock after acquiring an additional 871 shares during the period. Allianz Asset Management GmbH’s holdings in Lennox International were worth $1,135,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Amalgamated Bank grew its holdings in Lennox International by 6.0% in the first quarter. Amalgamated Bank now owns 8,506 shares of the construction company’s stock valued at $1,738,000 after purchasing an additional 479 shares during the period. Principal Financial Group Inc. grew its stake in Lennox International by 2.6% during the first quarter. Principal Financial Group Inc. now owns 164,222 shares of the construction company’s stock worth $33,562,000 after buying an additional 4,147 shares during the period. WINTON GROUP Ltd grew its stake in Lennox International by 8.7% during the first quarter. WINTON GROUP Ltd now owns 30,531 shares of the construction company’s stock worth $6,240,000 after buying an additional 2,445 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Lennox International during the first quarter worth $981,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Lennox International during the first quarter worth $3,089,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LII traded up $1.39 on Friday, reaching $222.66. 181,100 shares of the company’s stock were exchanged, compared to its average volume of 326,047. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of -7.32, a quick ratio of 1.14 and a current ratio of 1.86. Lennox International Inc. has a fifty-two week low of $160.18 and a fifty-two week high of $224.59.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.56 by $0.11. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. sell-side analysts expect that Lennox International Inc. will post 10.2 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Lennox International from $233.00 to $239.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. TheStreet cut shares of Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Wells Fargo & Co upped their price target on shares of Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Monday, July 9th. Seaport Global Securities cut shares of Lennox International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $210.00 price target (down from $218.00) on shares of Lennox International in a report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Lennox International has an average rating of “Hold” and a consensus price target of $210.13.

In other news, Chairman Todd M. Bluedorn sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $216.64, for a total transaction of $1,827,358.40. Following the completion of the transaction, the chairman now owns 139,228 shares in the company, valued at approximately $30,162,353.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Todd M. Bluedorn sold 48,340 shares of the firm’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $204.71, for a total transaction of $9,895,681.40. Following the transaction, the chief executive officer now owns 125,320 shares of the company’s stock, valued at approximately $25,654,257.20. The disclosure for this sale can be found here. Insiders sold a total of 62,836 shares of company stock valued at $12,989,876 in the last quarter. 3.90% of the stock is currently owned by insiders.

About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Further Reading: Earnings Per Share (EPS) Explained

Institutional Ownership by Quarter for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lennox International and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts