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Legg Mason Inc Add to portfolio

NYA:LM, Feb 27, 11:09 UTC

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Monday, February 24


News

What Are These 2 Stocks Telling Us? – Legg Mason Inc. (LM), Avery Dennison Corporation (AVY) – News RTS

LM AVY

Legg Mason Inc. (NYSE: LM) shares are 40.21% up in the year-to-date (YTD) period and have moved -0.22% or -$0.11 lower in the latest trading session. However, stock’s trailing 12-month performance remains nearly +43.20% lower. Comparatively, the stock is -0.69% down YTD and 29.37% over the trailing 3-month period. If we look at the shorter duration, its week performance is 23.53% and 33.52% over the month. Analysts estimate the earnings to increase 9.60% in the current quarter to $0.98, up from the $0.56 reported in the same quarter a year ago. For the current year, earnings should grow to an average of $3.72, up 0.90% from -$0.38 reported last year. According to SEC data, total insider shares purchases at the company stands at 27 over the last 12 months, while SEC filings reveal that there have been 22 insider sales over the same period.

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newsrts.com
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  • Financial

Friday, February 21


News

Is Legg Mason (LM) Stock Outpacing Its Finance Peers This Year?

LM

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. In comparison, Finance companies have returned an average of 1.18%. Breaking things down more, LM is a member of the Financial - Investment Management industry, which includes 48 individual companies and currently sits at #15 in the Zacks Industry Rank.

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  • Financial

Thursday, February 20


News

Legg Mason (NYSE:LM) Rating Lowered to Market Perform at Keefe, Bruyette & Woods – Enterprise Echo

LM

Legg Mason (NYSE:LM) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, MarketBeat.com reports. Finally, Cfra raised their target price on shares of Legg Mason from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. In related news, insider Legg Mason, Inc. acquired 49,554 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th.

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enterpriseecho.com
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News

Moody's Affirms Franklin Ratings, Puts Legg Mason on Review

LM

Following the merger announcement of Legg Mason LM and Franklin Resources BEN, Moody's Investors Service has placed the ratings of the former under review for upgrade, while has affirmed the A2 senior unsecured debt rating for the latter. Regarding Franklin, Moody’s is of opinion that the buyout is likely to help expand its revenue sources through the addition of Legg Mason’s separate managed account platform and institutional sales capabilities. Also, Franklin’s strong liquidity position and ability to generate cash will help fund the cash purchase. However, per the ratings agency, Franklin has been witnessing declining revenues and significant outflows of assets under management (AUM). Further, Moody’s feels that the asset management sector is facing risks from elevated market valuations and the effect of low interest rates on global credit quality, which could result in volatile financial performance of the combined firm. For Legg Mason, Moody’s expects its key investment platforms to continue functioning independently as subsidiaries of Franklin, post acquisition.

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Martin Currie in focus as Franklin buys Legg Mason – Daily Business

LM BEN

Franklin Resources’ agreed $4.5bn acquisition of rival Legg Mason has turned Scottish attention on the Edinburgh-based asset manager Martin Currie. Martin Currie was acquired by Legg Mason in 2014 and is run as an independently managed investment affiliate. Investors’ appetite for expensive, actively managed funds – the area of specialism at Martin Currie – is on the wane and the popularity of cheaper, passive funds is increasing. US Invesco bought OppenheimerFunds from Massachusetts Mutual Life Insurance Co. On Monday, Jupiter Fund Management agreed to acquire UK asset manager Merian Global Investors.

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Wednesday, February 19


News

Legg Mason (NYSE:LM) Sees Strong Trading Volume After Analyst Upgrade – Enterprise Echo

LM

Shares of Legg Mason Inc (NYSE:LM) saw strong trading volume on Wednesday after Deutsche Bank raised their price target on the stock from $38.00 to $50.00. 448,506 shares were traded during mid-day trading, a decline of 40% from the previous session’s volume of 744,460 shares.The stock last traded at $50.44 and had previously closed at $50.66. In other news, insider Legg Mason, Inc. bought 49,554 shares of the stock in a transaction on Wednesday, February 5th. Alliancebernstein L.P. now owns 192,294 shares of the asset manager’s stock worth $6,905,000 after acquiring an additional 5,320 shares in the last quarter.

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enterpriseecho.com
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News

Legg Mason (LM) is a Great Momentum Stock: Should You Buy?

LM

In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For LM, shares are up 2.6% over the past week while the Zacks Financial - Investment Management industry is up 0.35% over the same time period. Taking into account all of these elements, it should come as no surprise that LM is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Legg Mason on your short list.

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nasdaq.com
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News

Legg Mason (LM) Hits 52-Week High, Can the Run Continue?

LM

Shares of Legg Mason (LM) have been strong performers lately, with the stock up 35.9% over the past month. Legg Mason has gained 41.1% since the start of the year compared to the 0.8% move for the Zacks Finance sector and the 8.9% return for the Zacks Financial - Investment Management industry. What's Driving the Outperformance? In its last earnings report on January 29, 2020, Legg Mason reported EPS of $1.03 versus consensus estimate of $0.95 while it beat the consensus revenue estimate by 2.96%. For the current fiscal year, Legg Mason is expected to post earnings of $3.74 per share on $2.93 billion in revenues. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Legg Mason currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Legg Mason fits the bill.

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Asset manager Franklin Templeton acquires Legg Mason for $4.5bn - Leaders League

LM BEN

Though Johnson claims that the move is about “offence, not defence”, the fact remains that this is another mid-size asset manager merger at a time when competition from passive funds has never been tougher. Both Franklin Templeton and Legg Mason, like many other asset managers, experienced negative investment flow from their funds in 2019. Franklin Templeton is based in San Mateo, California; Legg Mason is headquartered in Baltimore, a little closer to activist shareholder Trian Partners, which holds a 4.5% stake in the company. Franklin Templeton, which currently has $698 billion AUM in comparison with Legg Mason’s $803 billion, will gain exposure to new asset classes such as real estate, infrastructure and multi-asset solutions, as well as balancing its investment platform between institutional and retail client AUM.

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leadersleague.com
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News

Legg Mason (NYSE:LM) Upgraded to Sell by ValuEngine – Enterprise Echo

LM

Finally, Keefe, Bruyette & Woods lowered shares of Legg Mason from an outperform rating to a market perform rating and set a $50.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. During the same period in the prior year, the company earned ($2.55) EPS. As a group, research analysts expect that Legg Mason will post 3.74 earnings per share for the current year. In related news, insider Legg Mason, Inc. acquired 49,554 shares of the business’s stock in a transaction dated Wednesday, February 5th.

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enterpriseecho.com
Topics:
  • Business
  • Financial