Breakfast Technical Briefing on Asset Management Stocks -- Fortress Investment, Central Fund of Canada, Northern Trust, and T. Rowe Price
NEW YORK, Nov. 6, 2017 /PRNewswire/ -- If you want a Stock Review on FIG, CEF, NTRS, or TROW then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Pre-market, DailyStockTracker.com has lined up four equities in the Asset Management space for review: Fortress Investment Group LLC (NYSE: FIG), Central Fund of Canada Ltd (NYSE AMER: CEF), Northern Trust Corp. (NASDAQ: NTRS), and T. Rowe Price Group Inc. (NASDAQ: TROW). Business Insider reported that global assets under management (AuM) are set to rise to $145.4 trillion by 2025, according to a PwC forecast. On Monday, October 23rd, 2017, the "Big Four" accounted predicted AuM growth of 6.2% per year, with AuM rising from $84.9 trillion in 2016 to $112.2 trillion by 2020 and $145.4 trillion by 2025. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
Fortress Investment Group
New York City-based Fortress Investment Group LLC's stock finished last Friday's trading session flat at $7.87. A total volume of 1.25 million shares was traded. The Company's shares have surged 61.93% since the start of this year. The stock is trading above its 200-day moving average by 1.39%. Additionally, shares of Fortress Investment, which provides its services to individuals, have a Relative Strength Index (RSI) of 46.03. See our free and comprehensive research report on FIG at:
http://dailystocktracker.com/registration/?symbol=FIG
Central Fund of Canada
Shares in Canada-domiciled Central Fund of Canada Ltd ended at $13.13, down 0.83% from the last trading session. The stock recorded a trading volume of 389,024 shares. The Company's shares have advanced 0.69% in the past month, 7.18% over the previous three months, and 16.30% since the start of this year. The stock is trading 0.03% and 3.72% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Central Fund of Canada, which invests in the commodity markets, have an RSI of 44.79. CEF free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=CEF
Northern Trust
On Friday, shares in Chicago, Illinois-based Northern Trust Corp. recorded a trading volume of 1.07 million shares. The stock climbed 0.40%, closing the day at $94.39. The Company's shares have gained 1.53% in the last one month, 6.91% over the previous three months, and 6.00% on an YTD basis. The stock is trading 3.32% above its 50-day moving average and 5.28% above its 200-day moving average. 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 56.80.
On October 17th, 2017, Northern Trust has declared a quarterly cash dividend of $0.42 per share on its common stock ($1.66-2/3 par value), payable on January 01st, 2018 to holders of record at 5:00 p.m. Chicago Time, on December 01st, 2017. The Company also declared a cash dividend of $365.625 per share of its Series C non-cumulative perpetual preferred stock (resulting in a distribution of $0.365625 per depositary share), payable on January 01st, 2018 to holders of record at 5:00 p.m. Chicago Time on December 15th, 2017. Sign up for your complimentary report on NTRS at:
http://dailystocktracker.com/registration/?symbol=NTRS
T. Rowe Price Group
At the close of trading on Friday, shares in Baltimore, Maryland-based T. Rowe Price Group Inc. recorded a trading volume of 847,840 shares. The stock finished the session 0.06% lower at $94.57. The Company's shares have gained 3.07% in the past month, 13.43% in the previous three months, and 25.66% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.02% and 22.25%, respectively. Furthermore, shares of the Company, which provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions, have an RSI of 61.21.
On October 25th, 2017, T. Rowe Price announced that its Board of Directors has declared a quarterly dividend of $0.57 per share, payable on December 28th, 2017, to stockholders of record as of the close of business on December 14th, 2017.
On October 27th, 2017, research firm Barclays reiterated its 'Underweight' rating on the Company's stock with an increase of the target price from $79 a share to $84 a share. Register for free on DailyStockTracker.com and download the latest research report on TROW at:
http://dailystocktracker.com/registration/?symbol=TROW
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