Thursday, January 30, 2014

37 Largest US Asset Management Companies Average Stock Prices Down 69% Due to Financial Meltdown Spillover Effects, Then Up 418% Under Obama and the US Fed

I found 37 US Asset Management Companies classified in the Financial Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 30, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 37 US Asset Management Companies had their average stock prices drop by a massive 69% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 37 US Asset Management Companies have increased by an impressive 418% through January 30, 2014.
 
Clearly, the investors in and employees of these 37 US Asset Management Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 37 US Asset Management Companies on January 30, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 30, 2014:







Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Asset Management Companies HQs
 1-30-14   3-6-09   12-31-07  1-30-14 3-6-09








American Capital Bethesda MD      15.95        0.44      24.66 3543% -98%
Encore Capital Group San Diego CA      47.53        3.10        9.68 1433% -68%
FBR & Co Arlington VA      25.27        2.40        9.58 953% -75%
Ameriprise Financial Minneapolis MN     106.43      14.20      55.11 650% -74%
MCG Capital Corp Arlington VA        4.57        0.61      11.59 649% -95%
Principal Financial Group Des Moines IA      44.30        6.08      68.84 629% -91%
Affiliated Managers Group Prides Crossing MA     199.26      29.66     117.46 572% -75%
CIFC Corp New York NY        8.00        1.24        8.00 545% -85%
Pzena Investment Management New York NY      11.16        1.79      11.40 523% -84%
Waddell & Reed Financial Overland Park KS      65.25      11.84      36.09 451% -67%
The Blackstone Group LP New York NY      32.23        5.93      22.13 444% -73%
Evercore Partners Inc New York NY      56.27      10.71      21.55 425% -50%
Cohen & Steers New York NY      36.38        8.51      29.97 327% -72%
Franklin Resources San Mateo CA      52.78      12.89      38.14 310% -66%
Legg Mason Baltimore MD      43.30      11.14      73.15 289% -85%
Calamos Asset Management Naperville IL      11.85        3.05      29.78 289% -90%
State Street Corp Boston MA      68.24      17.98      81.20 280% -78%
T Rowe Price Group Baltimore MD      79.55      21.07      60.88 278% -65%
Diamond Hill Investment Group Columbus OH     117.00      31.78      73.10 268% -57%
SEI Investments Oaks PA      34.43        9.80      32.17 251% -70%
BlackRock Kelso Capital New York NY        9.41        2.72      15.28 246% -82%
Invesco Ltd Atlanta GA      33.50        9.83      31.38 241% -69%
BlackRock New York NY     305.44      92.40     216.80 231% -57%
GAMCO Investors Rye NY      85.76      26.62      69.20 222% -62%
Resource America Philadelphia PA        8.88        2.97      14.67 199% -80%
Eaton Vance Boston MA      38.93      15.10      45.41 158% -67%
Janus Capital Group Denver CO      11.12        4.34      32.85 156% -87%
Och-Ziff Capital Management New York NY      14.18        5.56      26.28 155% -79%
Capital Southwest Corp Dallas TX      35.55      14.60      29.60 143% -51%
AllianceBernstein Holding LP New York NY      22.52      10.75      75.25 109% -86%
Central Securities Corp New York NY      21.18      10.52      26.84 101% -61%
Lazard Ltd New York NY      42.67      21.34      40.68 100% -48%
Bank New York Mellon New York NY      32.41      18.25      48.76 78% -63%
Westwood Holdings Group Dallas TX      57.47      33.80      37.60 70% -10%
Prospect Capital New York NY      10.98        6.58      13.05 67% -50%
Federated Investors Pittsburgh PA      27.37      16.80      41.16 63% -59%
Northern Trust Chicago IL      61.12      47.38      76.58 29% -38%








Average % Change all 37




418% -69%