Asset Management Stocks Under Investors' Scanner -- T. Rowe Price Group, Ameriprise Financial, Federated Investors, and BlackRock

Jul 29, 2016, 07:50 ET from Chelmsford Park SA

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. 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:

Ameriprise Financial  

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:

Federated Investors  

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 and access the latest notes on BLK at:


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