NEW YORK, July 29, 2016 /PRNewswire/ --
Growth in the Asset Management industry has stalled, as operators continue to address overcapacity issues and high operating costs. Stock-Callers.com looks at how these equities have performed in recent weeks despite these challenges: T. Rowe Price Group Inc. (NASDAQ: TROW), Ameriprise Financial Inc. (NYSE: AMP), Federated Investors Inc. (NYSE: FII), and BlackRock Inc. (NYSE: BLK). Learn more about these stocks by accessing their free notes at:
T. Rowe Price Group
Baltimore, Maryland-based T. Rowe Price Group Inc.'s shares fell 0.34%, closing Thursday's trading session at $70.44. The stock recorded a trading volume of 1.72 million shares, which was above its three months average volume of 1.41 million shares. Shares of the Company have advanced 1.53% in the last month and 0.01% since the start of this year. The stock is trading 1.83% below its 200-day moving average. Additionally, shares of T. Rowe Price Group, which provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions, have a Relative Strength Index (RSI) of 36.00.
On July 20th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $79 to $75.
On July 26th, 2016, T. Rowe Price reported its Q2 2016 results, including net revenues of $1.0 billion, net income of $195.3 million, and diluted earnings per common share of $.76. Q2 2016 results include a nonrecurring operating charge of $166.2 million related to the firm's decision to compensate certain clients in regard to the Dell appraisal rights matter. This nonrecurring charge reduced net income in Q2 2016 by $100.7 million, or $.39 in diluted earnings per common share. See our complete notes on TROW at:
On Thursday, Minneapolis, Minnesota headquartered Ameriprise Financial Inc.'s stock recorded a trading volume of 925,335 shares, and ended 0.02% lower at $95.55. The Company's shares have advanced 11.49% in the last month. The stock is trading below its 50-day moving average by 0.67%. Furthermore, shares of Ameriprise Financial, which through its subsidiaries, provides various financial products and services to individual and institutional clients in the U.S. and internationally, have an RSI of 50.61.
On July 25th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. The research firm also revised downwards its previous target price from $121 to $98.
On July 26th, 2016, Ameriprise Financial reported Q2 2016 net income of $335 million, or $1.97 per diluted share. Operating earnings were $379 million, with operating earnings per diluted share of $2.23. Results included $0.17 per share of unfavorable items. The company reported that its net revenues of $2.9 billion were down 8%, reflecting lower average equity markets compared to the year ago and asset management outflows, resulting in lower fee revenue. AMP free notes are just a click away at:
Pittsburgh, Pennsylvania-based Federated Investors Inc.'s stock finished the day 0.63% lower at $31.41 and with a total volume of 452,277 shares traded. The Company's shares have gained 14.43% in the last one month, 0.82% in the previous three months, and 11.71% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.86% and 8.88%, respectively. Additionally, shares of Federated Investors, which is a publicly owned asset management holding company, have an RSI of 59.39.
On July 28th, 2016, Federated Investors, reported earnings per diluted share (EPS) of $0.51 for Q2 2016, compared to $0.40 for the same quarter last year on net income of $52.7 million for Q2 2016, compared to $41.8 million for Q2 2015. The company's total managed assets were $367.2 billion at June 30th, 2016. Sign up for your complimentary notes on FII at:
Shares in New York City-based BlackRock Inc. ended yesterday's session 0.02% higher at $363.37. The stock recorded a trading volume of 407,274 shares. The Company's shares have advanced 12.17% in the last one month, 1.91% over the previous three months, and 8.14% since the start of this year. The stock is trading 3.60% and 8.26% above its 50-day and 200-day moving averages, respectively. Moreover, shares of BlackRock, which primarily provides its services to institutional, intermediary, and individual investors, have an RSI of 60.81.
On July 15th, 2016, research firm Keefe Bruyette downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On July 21st, 2016, BlackRock announced that its Board of Directors has declared a quarterly cash dividend of $2.29 per share of common stock, payable September 23rd, 2016, to shareholders of record at the close of business on September 2nd , 2016. Register for free on Stock-Callers.com and access the latest notes on BLK at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: firstname.lastname@example.org Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA