NEW YORK, November 7, 2016 /PRNewswire/ --
Stock-Callers.com today has its focus back on the Asset Management industry which comprises financial services companies that manage investments on behalf of others. These firms generally offer above-average dividend yields. Equities to evaluate today are: T. Rowe Price Group Inc. (NASDAQ: TROW), Legg Mason Inc. (NYSE: LM), Northern Trust Corp. (NASDAQ: NTRS), and Federated Investors Inc. (NYSE: FII). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
T. Rowe Price Group
Last Friday, Maryland-based T. Rowe Price Group Inc.'s stock climbed 0.02%, to close the day at $63.70. A total volume of 1.65 million shares was traded, which was above their three months average volume of 1.52 million shares. The Company's shares are trading 4.26% below their 50-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 36.64.
On November 01st, 2016, T. Rowe Price's Board of Directors announced that Brian C. Rogers, chairman and chief investment officer (CIO), will retire on March 31st, 2017, after nearly 35 years at the firm. After his retirement he will continue on the Board of Directors and serve as non-executive chair. In connection with Brian's retirement, the firm has appointed the following six senior investment leaders as CIOs, to be effective at that time: Rob Sharps will be Group CIO, with responsibility for coordinating the activities of the team; Henry Ellenbogen will be CIO, U.S. Equity Growth; David Giroux will be CIO, U.S. Equity Multi-Discipline; John Linehan will be CIO, U.S. Equity Value; Justin Thomson will be CIO, International Equity; and Mark Vaselkiv will be CIO, Fixed Income. Visit us today and access our complete research report on TROW at:
Shares in Maryland-based Legg Mason Inc. rose 0.60%, finishing Friday's session at $28.52. The stock recorded a trading volume of 2.52 million shares, which was above its three months average volume of 1.29 million shares. The Company's shares are trading below their 200-day moving average by 10.39%. Furthermore, shares of Legg Mason, which through its subsidiaries, provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients, have an RSI of 25.52.
On October 28th, 2016, Legg Mason reported net income of $66.4 million, or $0.63 per diluted share for Q2 FY17 compared to net income of $64.3 million, or $0.58 per diluted share, in Q2 FY16. For the reported quarter, operating revenues were $748.4 million, up 11% compared to $673.1 million in Q2 FY16. The complimentary report on LM can be downloaded at:
Illinois-based Northern Trust Corp.'s stock finished 0.41% lower at $72.08 with a total trading volume of 953,478 shares. The Company's shares have advanced 0.06% in the past month, 4.72% over the previous three months, and 1.60% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.84% and 7.66%, respectively. Additionally, shares of Northern Trust, which provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide, have an RSI of 56.68.
On November 01st, 2016, Northern Trust announced that Svetlana V. Bekman, Senior Legal Counsel, and Stacy E. Singer, Central Region Trust & Advisor Practice Executive, have been elected Fellows of the American College of Trust & Estate Counsel (ACTEC). They join five others from Northern Trust who have previously been elected ACTEC fellows. Register for free on Stock-Callers.com and access the latest research report on NTRS at:
Shares in Pennsylvania-based Federated Investors Inc. ended last Friday's session 4.04% lower at $24.95. The stock recorded a trading volume of 1.60 million shares, which was above its three months average volume of 880,060 shares. The Company's shares are trading 14.54% below their 200-day moving average. Moreover, shares of Federated Investors, 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, have an RSI of 22.87.
On October 27th, 2016, Federated Investors reported net income of $54.9 million, or earnings per diluted share (EPS) of $0.54, for Q3 2016 compared to net income of $44.1 million, or $0.42, for Q3 2015. Federated Investors' total managed assets were $364.3 billion at September 30th, 2016, up 4% from $351.0 billion at September 30th, 2015. Average managed assets for Q3 2016 were $365.4 billion, up 4% from $351.9 billion reported for Q3 2015. Get free access to your research report on FII at:
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