TY
Price:
$34.59
Market Cap:
$1.81B
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.
Industry
Asset Management
IPO Date
1980-03-17
Stock Exchange
NYSE
Ticker
TY
According to Tri-Continental Corporation’s latest financial reports and current stock price. The company's current ROE is 11.91%. This represents a change of 73.59% compared to the average of 6.86% of the last 4 quarters.
The mean historical ROE of Tri-Continental Corporation over the last ten years is 8.74%. The current 11.91% ROE has changed 36.32% with respect to the historical average. Over the past ten years (40 quarters), TY's ROE was at its highest in in the December 2010 quarter at 55.64%. The ROE was at its lowest in in the December 2008 quarter at -220.60%.
Average
8.74%
Median
13.38%
Minimum
-18.10%
Maximum
21.32%
Discovering the peaks and valleys of Tri-Continental Corporation ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 92.01%
Maximum Annual ROE = 21.32%
Minimum Annual Increase = -611.99%
Minimum Annual ROE = -18.10%
| Year | ROE | Change |
|---|---|---|
| 2024 | 16.87% | 16.56% |
| 2023 | 14.47% | -179.97% |
| 2022 | -18.10% | -184.88% |
| 2021 | 21.32% | 92.01% |
| 2020 | 11.10% | -44.62% |
| 2019 | 20.05% | -501.00% |
| 2018 | -5.00% | -129.82% |
| 2017 | 16.77% | 36.44% |
| 2016 | 12.29% | -611.99% |
| 2015 | -2.40% | -125.80% |
The current ROE of Tri-Continental Corporation (TY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
4.41%
5-year avg
9.13%
10-year avg
8.74%
Tri-Continental Corporation’s ROE is less than WisdomTree, Inc. (23.60%), less than Grab Holdings Limited (1.75%), less than Central Securities Corp. (13.23%), less than Oxford Lane Capital Corp. (2.72%), less than General American Investors Company, Inc. (12.53%), less than Acadian Asset Management (492.57%), less than FS Credit Opportunities Corp. (13.47%), less than Sixth Street Specialty Lending, Inc. (11.89%), less than MidCap Financial Investment Corporation (5.19%), less than Eagle Point Credit Company Inc. (3.26%),
| Company | ROE | Market cap |
|---|---|---|
| 23.60% | $1.60B | |
| 1.75% | $21.01B | |
| 13.23% | $1.46B | |
| 2.72% | $1.48B | |
| 12.53% | $1.37B | |
| 492.57% | $1.66B | |
| 13.47% | $1.20B | |
| 11.89% | $2.11B | |
| 5.19% | $1.14B | |
| 3.26% | $838.64M |
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What is the 5-year average ROE for Tri-Continental Corporation (TY)?
How does the current ROE for Tri-Continental Corporation (TY) compare to its historical average?