Analysis of Northern Trust, T. Rowe Price, Voya Financial, and Waddell & Reed
NEW YORK, August 29, 2017 /PRNewswire/ –DailyStockTracker.com directs investors’ attention to the Asset Management industry, which is an integral component of the global Financial Services sector, responsible for professionally managing more than $68 trillion in assets owned by a broad range of institutional and individual investor s.
Under evaluation this morning are: Northern Trust Corp. (NASDAQ: NTRS), T. Rowe Price Group Inc. (NASDAQ: TROW), Voya Financial Inc. (NYSE: VOYA), and Waddell & Reed Financial Inc. (NYSE: WDR). These free stocks reports are currently available on DailyStockTracker.com.
If you want a Stock Review on NTRS, TROW, VOYA, or WDR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today.
Northern Trust
Chicago, Illinois-based Northern Trust Corp.’s (“NTRS”) stock finished Monday’s session 0.86% lower at $88.96 with a total trading volume of 617,063 shares. Over the last month and the previous three months, the Company’s shares have advanced 1.95% and 0.98%, respectively. The stock is trading above its 200-day moving average by 0.61%. Moreover, shares of NTRS, which provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide, have a Relative Strength Index (RSI) of 46.22.
On August 10th, 2017, research firm Wells Fargo initiated a ‘Market Perform’ rating on the Company’s stock, with a target price of $90 per share.
On August 16th, 2017, NTRS has been selected to provide global custody and related services, including financial and regulatory reporting, to the defined contribution retirement plan of The Boeing Company. In addition to global custody, valuation, and unitization of assets, NTRS will provide a range of regulatory and performance reporting solutions, compliance monitoring, derivatives processing, and third-party custom cash fund servicing. Your complete research report on NTRS can be retrieved for free here.
T. Rowe Price Group
Shares in Baltimore, Maryland-based T. Rowe Price Group Inc. rose 0.29%, ending yesterday’s session at $84.14 with a total trading volume of 1.05 million shares. The stock has gained 2.17% in the past month, 20.58% in the previous three months, and 11.80% on an YTD basis. The Company’s shares are trading 5.73% above their 50-day moving average and 13.96% above their 200-day moving average. Moreover, shares of the Company, which provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions, have an RSI of 62.79.
On August 21st, 2017, T. Rowe Price announced that its Board of Directors has declared a quarterly dividend of $0.57 per share, payable on September 28th, 2017, to stockholders of record as of the close of business on September 14th, 2017. A free report on TROW is available here.
Voya Financial
On Monday, New York-based Voya Financial Inc.’s stock closed the day flat at $38.00. A total volume of 1.12 million shares was traded. The Company’s shares have advanced 10.72% in the previous three months. The stock is trading 0.36% above its 50-day moving average. Additionally, shares of Voya Financial, which operates as a retirement, investment, and insurance company in the US, have an RSI of 47.61.
On August 03rd, 2017, research firm RBC Capital Markets reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $44 a share to $46 a share.
On August 24th, 2017, Voya Financial announced that Carlo Bertucci will join the Company as Senior Vice President and Chief Tax Officer, effective September 18th, 2017. Bertucci, who has more than 20 years of tax experience across the Financial Services industry, will report to Executive Vice President and CFO Michael S. Smith. Sign up for your complimentary research report on VOYA here.
Waddell & Reed Financial
Shares in Overland Park, Kansas-based Waddell & Reed Financial Inc. ended the day 0.33% lower at $18.34. A total volume of 492,840 shares was traded. The stock has gained 11.42% in the previous three months. The Company’s shares are trading below their 200-day moving average by 1.38%. Furthermore, shares of the Company, which through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the US, have an RSI of 40.65.
On August 01st, 2017, Waddell & Reed reported Q2 2017 results. For Q2 2017, net income was $23.3 million; operating revenues were $286.7 million; and assets under management were $80.4 billion. During the quarter, gross sales continued to improve and redemption pressure eased. On a net basis, outflows of $2.5 billion reflected their best level in three years. Register for free on DailyStockTracker.com and download the latest research report on WDR here.
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