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Tri-Continental Corporation is currently in a long term uptrend where the price is trading 10.0% above its 200 day moving average.
From a valuation standpoint, the stock is 4.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 8.7.
Tri-Continental Corporation's total revenue sank by 3.5% to $30M since the same quarter in the previous year.
Its net income has increased by 142.8% to $303M since the same quarter in the previous year.
Finally, its free cash flow grew by 58.5% to $198M since the same quarter in the previous year.
Based on the above factors, Tri-Continental Corporation gets an overall score of 4/5.
| Sector | Financial Services |
|---|---|
| Industry | Asset Management |
| CurrencyCode | USD |
| Exchange | NYSE |
| ISIN | US8954361031 |
| Market Cap | 2B |
|---|---|
| PE Ratio | 4.88 |
| Beta | 0.91 |
| Dividend Yield | 3.8% |
| Target Price | None |
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.
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