NEW YORK, December 29, 2016 /PRNewswire/ --
Stock-Callers.com today monitors four Asset Management equities, which are: WisdomTree Investments Inc. (NASDAQ: WETF), American Capital Ltd (NASDAQ: ACAS), Legg Mason Inc. (NYSE: LM), and T. Rowe Price Group Inc. (NASDAQ: TROW). These companies belong to the Financials sector which ended in a deep hole on Wednesday, December 28th, 2016, with the NYSE Financial Sector Index sinking about 0.9%, while Financials companies in the S&P 500 Index posted a 0.9% decline in late afternoon trade. These stocks research reports can be downloaded now by simply registering for free at:
New York-based WisdomTree Investments Inc.'s stock finished Wednesday's session 1.88% lower at $11.48 with a total trading volume of 1.21 million shares. The Company's shares have advanced 6.30% in the past month and 13.78% in the previous three months. The stock is trading 9.82% and 7.37% above its 50-day and 200-day moving averages, respectively. Additionally, shares of WisdomTree Investments, which through its subsidiaries, operates as an exchange-traded funds sponsor and asset manager, have a Relative Strength Index (RSI) of 50.73.
On December 13th, 2016, WisdomTree announced the WisdomTree US Quality Dividend Growth Fund (DGRW) recently surpassed $1 billion in assets. DGRW is designed to provide exposure to US large cap dividend-paying stocks with growth and quality characteristics and has an expense ratio of 0.28%. Your complete research report on WETF can be retrieved for free at:
On Wednesday, shares in Bethesda, Maryland-based American Capital Ltd recorded a trading volume of 3.45 million shares, which was above their three months average volume of 2.53 million shares. The stock ended the session 0.23% lower at $17.67. The Company's shares have advanced 2.20% in the last one month, 3.82% in the previous three months, and 28.14% on an YTD basis. The stock is trading 2.56% above its 50-day moving average and 7.69% above its 200-day moving average. Moreover, shares of American Capital, which seeks to invest in senior debt mezzanine, unitranche, and equity financing for buyouts of private equity firms and direct in private and public companies, have an RSI of 60.36.
On December 15th, 2016, Ares Capital Corp. (ARCC) announced that it has received shareholder approval on all proposals for its definitive merger agreement under which ARCC will acquire American Capital, Ltd. An overwhelming majority of ARCC's shareholders who voted at the meeting approved the issuance shares of ARCC's common stock as well as the issuance of shares of ARCC's common stock in the merger, in accordance with NASDAQ listing rule requirements. ACAS free report is just a click away at:
Shares in Baltimore, Maryland-based Legg Mason Inc. closed the day 2.30% lower at $30.17 with a total trading volume of 699,850 shares. The stock is trading 2.76% below its 50-day moving average. Shares of the Company, 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 43.42.
On December 19th, 2016, Legg Mason announced an agreement with Shanda Group, Legg Mason's largest shareholder, which includes a commitment to appoint Tianqiao Chen, Chairman and CEO of Shanda Group, and Robert Chiu, President of Shanda Group, to its Board of Directors by June 01st, 2017. In that capacity, Mr. Chen will lead Shanda Group's efforts to assist Legg Mason in technology innovation, as well as business development and brand building in Asia, and China in particular. It is expected that Mr. Chen will also sit on the Nominating and Corporate Governance Committee, subject to satisfying applicable independence requirements under applicable law or listing rules. Sign up for your complimentary research report on LM at:
T. Rowe Price
At the close, shares in Baltimore, Maryland-based T. Rowe Price Group Inc. finished 1.08% lower at $76.07. The stock recorded a trading volume of 547,824 shares. The Company's shares have advanced 4.74% in the last one month, 15.47% over the previous three months, and 9.64% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.09% and 7.63%, respectively. Furthermore, shares of T. Rowe Price, which provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions, have an RSI of 59.21.
On November 30th, 2016, the Company announced the hiring of Andrew Astley as global head of product, effective January 23rd, 2017. In leading the global product group, Mr. Astley will collaborate with the firm's investment and distribution teams to develop product strategies for US Equity, Global/International Equity, Fixed Income, and Asset Allocation. Register for free on Stock-Callers.com and download the latest research report on TROW at:
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