NEW YORK, December 19, 2016 /PRNewswire/ --
Last Friday, December 16, 2016, major US indices were in bearish territories at the closing bell as the NASDAQ Composite ended the trading session at 5,437.16, down 0.36%; the Dow Jones Industrial Average edged 0.04% lower, to finish at 19,843.41; and the S&P 500 closed at 2,258.07, down 0.18%. However, US markets were in positive colors at the end of day as it witnessed broad-based gains with six out of nine sectors in green. Pre-market this Monday, Stock-Callers.com assesses four Asset Management stocks: Federated Investors Inc. (NYSE: FII), Ameriprise Financial Inc. (NYSE: AMP), BlackRock Inc. (NYSE: BLK), and Nuveen Enhanced Municipal Credit Opportunities Fund (NYSE: NZF). You can access of our complimentary research reports on these stocks now at:
Pittsburgh, Pennsylvania-based Federated Investors Inc.'s stock edged 0.94% lower, to close the day at $27.33. The stock recorded a trading volume of 1.30 million shares, which was above its three months average volume of 1.21 million shares. Shares of the Company, which through its subsidiaries, provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors, are trading 0.83% and 7.82% below its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 14.06 and has a Relative Strength Index (RSI) of 43.41.
On November 21st, 2016, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. Visit us today and download your complete report on FII for free at:
On Friday, shares in Minneapolis, Minnesota headquartered Ameriprise Financial Inc. ended the session 2.33% lower at $111.73 with a total volume of 2.10 million shares traded. Ameriprise Financial's shares have gained 12.75% in the previous three months and 9.88% in the past one year. Shares of the Company, which through its subsidiaries, provides various financial products and services to individual and institutional clients in the US and internationally, are trading at a PE ratio of 15.20. The stock is trading 7.14% above its 50-day moving average and 15.08% above its 200-day moving average. Moreover, the Company's shares have an RSI of 49.49. The complimentary research report on AMP can be accessed at:
On Friday, shares in New York City-based BlackRock Inc. recorded a trading volume of 1.02 million shares, which was higher than their three months average volume of 729,080 shares. The stock ended the day 0.29% lower at $392.62. The Company's shares are trading at a PE ratio of 20.63. BlackRock's stock has gained 7.50% in the last one month and 7.35% in the previous three months. Furthermore, the stock has gained 21.97% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 8.70% and 11.29%, respectively. Furthermore, shares of BlackRock, which 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, have an RSI of 68.82. Register for free on Stock-Callers.com and download the PDF research report on BLK at:
Nuveen Enhanced Municipal Credit
US-domiciled Nuveen Enhanced Municipal Credit Opportunities Fund's stock finished Friday's session 0.22% higher at $13.86 with a total volume of 825,209 shares traded. The stock has advanced 5.13% in the past one year. Shares of the Company, which invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes, are trading below its 50-day and 200-day moving averages by 3.29% and 6.93%, respectively. Nuveen Enhanced Municipal Credit Opportunities stock traded at a PE ratio of 32.01 and has an RSI of 43.38. Get free access to your research report on NZF at:
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