Asset Managers close mixed

TD Ameritrade Holdings Corp. rose nearly 8 percent, or $1.29, to close at $17.55 and Blackrock Inc. was up 6.1 percent, or $10.45, closing at $182.50.

The companies were among four in the sector declared the best positioned to fare well in a potential market recovery, said analysts with Citi Investment Research.

The other two were Charles Schwab Corp., which closed 28 cents lower at $22.49, and Blackstone Group, which closed up 5 percent, or 74 cents higher, at $15.34.

Citigroup's analysts evaluated the 17 companies in the sector it monitors and recommended those four companies to be the "best positioned stocks in our coverage universe that are market share takers during times of turbulence and very well positioned to benefit from recovery..."

The analysts viewed Legg Mason Inc. as a deep value with an upside if the company makes changes to improve its operation or setting itself up for sale. Shares finished down 17 cents to $34.

Companies determined not to be well positioned and carrying "Sell" ratings were E-Trade Financial Corp. and Fortress Investment Group, the Citigroup analysts said.

E-Trade gained 7 cents, or 2.4 percent, to close at $3.05 and Fortress fell 80 cents, or 8.7 percent, to $8.40.