|Bid||102.11 x 800|
|Ask||105.43 x 800|
|Day's Range||104.94 - 109.05|
|52 Week Range||84.59 - 117.68|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||13.29|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.04 (2.78%)|
|1y Target Est||118.46|
President Donald Trump ordered U.S. companies to find alternatives to their China operations in a series of tweets.
Since November, USAA has sold both USAA Asset Management and USAA Investment Management in deals totaling $2.65 billion. The divestiture of two of USAA's largest investment subsidiaries represents a rare misstep for the San Antonio-based financial services company and a refocusing on its core strengths.
BALTIMORE , Aug. 20, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.76 per share payable September ...
Though Legg Mason (LM) appears to be a promising bet, riding on robust fundamentals and long-term growth opportunities, elevated expenses and equity AUM outflows are concerns.
While East West Bancorp (EWBC) is poised for revenue growth, supported by rise in loans; increasing costs, margin pressure and deteriorating asset quality remain concerns.
(Bloomberg) -- When it comes to General Electric Co., two of the nation’s largest mutual fund companies have been going all in on the industrial conglomerate’s latest chief executive, Larry Culp.Fidelity Investments and T. Rowe Price Group Inc. have bulked up on GE stock since Culp was named in October 2018. While neither fund company had much of a stake in GE before he took the helm, the two now rank as its second- and fourth-largest institutional shareholders, respectively, according to regulatory data compiled by Bloomberg.Fidelity, based in Boston, actually began raising its stake in GE during the second quarter of last year, filings show, and by the end of September 2018 the firm held 187 million shares. That figure jumped to 301.4 million shares in the quarter ended December 2018. By the end of June, that stake had risen to 548.7 million shares.At the end of last September, funds run by Baltimore-based T. Rowe Price held 30.8 million GE shares, according to Form 13Fs filed with the U.S. Securities and Exchange Commission. Their combined stake soared to 235.6 million shares during the ensuing quarter, and by June 30 had reached 365.6 million shares.Culp, 56, is a renowned turnaround expert who won Wall Street’s praise for transforming manufacturer Danaher Corp., where he served as CEO from 2001 until 2014. Danaher’s share price rose an average of 14% annually during Culp’s tenure, compared to just 5.5% for the S&P 500, as he grew the company through $22 billion in acquisitions.As Danaher’s two largest shareholders from 2006 through 2015, T. Rowe and Fidelity benefited from Culp’s leadership of the company; Fidelity at one point held an 18% stake in the company. Culp left Danaher in September 2014 and was named to T. Rowe Price’s board about one year later. He continued as a director at the mutual fund company until he took the top job at GE.(Adds details on Culp’s record at Danaher Corp. in two final paragraphs.)To contact the reporter on this story: Miles Weiss in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Mirabella at email@example.com, Melissa KarshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Federal Deposit Insurance Corporation gives the green light to BancorpSouth Bank (BXS) for completion of the proposed mergers with Van Alstyne Financial Corporation and Summit Financial Enterprises.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes? Let's find out.
Focus on core operations, a strong balance sheet and efforts to improve revenues are likely to aid Ameriprise (AMP). Yet, significant asset outflows and mounting expenses remain on the downside.
Bond funds run by Michael Hasenstab, one of the fixed income market’s biggest investors, lost nearly $1.8bn in a single day during the stampede out of Argentine assets that followed the drubbing of President Mauricio Macri in the weekend primary elections. Concerns of a return to populist Peronist rule after the presidential election proper in October sent the peso down more than 20 per cent versus the dollar at one point and the yield on Argentina’s shorter-dated bonds surging to distressed levels. The odds of a debt default in the next five years also spiralled to 75 per cent.
OceanFirst (OCFC) signs two merger agreements with Two River Bancorp and Country Bank for $182.8 million and $102.2 million, respectively.
On Sunday, August 11th, BlackRock (BLK) announced that it would be purchasing a roughly 30% stake in privately held Authentic Brands for $875 million, a deal that values the company at over $4 billion. Shares closed down 2.62% in trading Monday.