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Legg Mason Inc Add to portfolio

NYA:LM, Jul 17, 07:17 UTC

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Earnings Preview: Legg Mason (LM) Q1 Earnings Expected to Decline

LM

Earnings Preview: Legg Mason (LM) Q1 Earnings Expected to Decline. Wall Street expects a year-over-year decline in earnings on lower revenues when Legg Mason (LM) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. This money manager is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -10%. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Legg Mason? For Legg Mason, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.

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finance.yahoo.com
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Here's Why Legg Mason (LM) is a Great Momentum Stock to 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 1.9% over the past week while the Zacks Financial - Investment Management industry is flat over the same time period. Given these factors, it shouldn't be surprising that LM is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Legg Mason on your short list.

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finance.yahoo.com
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Is Legg Mason (LM) Stock Undervalued Right Now?

LM

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

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finance.yahoo.com
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Legg Mason Inc (NYSE:LM) to Post Q1 2020 Earnings of $0.69 Per Share, Jefferies Financial Group Forecasts – Tech Know Bits

LM

Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $0.69 per share for the quarter, up from their prior forecast of $0.68. Jefferies Financial Group also issued estimates for Legg Mason’s Q2 2020 earnings at $0.88 EPS, Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $0.93 EPS, FY2020 earnings at $3.42 EPS and FY2021 earnings at $4.09 EPS. Legg Mason has a 12 month low of $23.25 and a 12 month high of $38.86. In other Legg Mason news, VP Thomas C. Merchant sold 5,582 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th.

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techknowbits.com
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Yesterday


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Analysts See $0.66 EPS for Legg Mason, Inc. (LM)

LM

It increased, as 23 investors sold Legg Mason, Inc. shares while 67 reduced holdings. 70.12 million shares or 1.47% more from 69.10 million shares in 2018Q4 were reported. Cohen Klingenstein Ltd Limited Liability Company reported 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Analysts expect Legg Mason, Inc. (NYSE:LM) to report $0.66 EPS on July, 24.They anticipate $0.14 EPS change or 17.50 % from last quarter’s $0.8 EPS.

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investtribune.com
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Monday, July 15


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Nordea Investment Management AB Acquires 1,592 Shares of Legg Mason Inc (NYSE:LM) – Mayfield Recorder

LM

Dynamic Technology Lab Private Ltd acquired a new stake in Legg Mason in the 1st quarter valued at about $443,000. The company had a trading volume of 699,600 shares, compared to its average volume of 1,009,166. The stock has a market capitalization of $3.35 billion, a PE ratio of 12.73, a PEG ratio of 0.71 and a beta of 1.50. In other Legg Mason news, VP Thomas C. Merchant sold 5,582 shares of the firm’s stock in a transaction dated Thursday, May 16th.

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mayfieldrecorder.com
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Legg Mason Makes A Strong Case For Active Management In Fixed Income

LM

Legg Mason Makes A Strong Case For Active Management In Fixed Income. Equity investments account for about 24% of Legg Mason’s assets these days. They did not show up in my original analysis because their longest-serving managers have only been at the helm for five of the last 10 years. For the last five years, the funds have outperformed by 1.66%, 1,78%, and 1.54% respectively. Since the outperformance at five years is lower than it was at 10 years, it begs the question of why the managers who were responsible for the first half of the 10 year period replaced? Having been told time and time again that passive index funds outperform the vast majority of active managers, investors have been withdrawing money from active managers in droves. If Legg Mason’s Fixed Income business cannot attract assets with their long-term, benchmark beating, performance, what does that say about the prospects for other active managers with worse track records?

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forbes.com
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Apple (AAPL) Stock Price Rose While Burgundy Asset Management LTD Has Increased by $1.33 Million Its Stake; Gamco Investors Et Al Decreased Its Legg Mason Com (LM) Holding by $531,387 as Market Valuation Rose

LM AAPL

The institutional investor held 1.27M shares of the computer manufacturing company at the end of 2019Q1, valued at $240.76M, up from 1.26M at the end of the previous reported quarter. It has underperformed by 2.96% the S&P500. Some Historical AAPL News: 15/05/2018 – KANTATSU COMPETES WITH APPLE’S MAIN LENS SUPPLIER LARGAN; 01/05/2018 – Apple could be winding down or stopping production of the iPhone X, based on earnings reports from linked companies; 27/04/2018 – First brokerages predict Amazon will top $1 trillion in value; 18/03/2018 – APPLE IS MAKING A SMALL NUMBERS OF SCREENS FOR TESTING PURPOSES -BLOOMBERG; 12/04/2018 – VirnetX: Jury Finds Apple Willfully Infringed on Patents; 28/03/2018 – Apple refused to give access citing issues of data privacy and encryption. More notable recent Legg Mason, Inc. (NYSE:LM) news were published by: Seekingalpha.com which released: “Stocks To Watch: Uber Time – Seeking Alpha” on May 04, 2019, also Seekingalpha.com with their article: “Legg Mason: Valuation Will Attract Value Investors – Seeking Alpha” published on March 29, 2019, Prnewswire.com published: “Legg Mason Appoints Nelson Peltz And Ed Garden Of Trian Partners To Board Of Directors – PRNewswire” on May 20, 2019. Burgundy Asset Management Ltd, which manages about $19.85B and $9.72B US Long portfolio, decreased its stake in Ss&C Technologies Holdings Inc. (NASDAQ:SSNC) by 255,345 shares to 2.43M shares, valued at $154.53M in 2019Q1, according to the filing.

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investreporter.com
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EPS for Legg Mason, Inc. (LM) Expected At $0.66; ASOS Plc (LON:ASC) Covered By 4 Bullish Analysts Last Week

LM

LM’s profit would be $57.16 million giving it 14.65 P/E if the $0.66 EPS is correct. Announces Results of Annual Meeting of Shareholders; 11/04/2018 – LEGG MASON – MONTH’S AUM INCLUDED NET LONG-TERM OUTFLOWS OF $2.7 BLN; 01/05/2018 – Royce’s new open-end fund prospectuses become effective on May 1, 2018; 11/04/2018 – Legg Mason Closes Below 200-Day Moving Average: Technicals; 14/05/2018 – Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of June, July and August 2018. 15/07/2019 Broker: Peel Hunt Rating: Buy Old Target: GBX 4000.00 Maintain25/06/2019 Broker: UBS Rating: Neutral Old Target: GBX 3500.00 New Target: GBX 3300.00 Downgrade18/06/2019 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 4300.00 New Target: GBX 4400.00 Maintain29/04/2019 Broker: Credit Suisse Rating: Outperform Old Target: GBX 4100.00 Maintain16/04/2019 Broker: Goldman Sachs Rating: Buy Old Target: GBX 4000.00 New Target: GBX 4300.00 Maintain15/04/2019 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3500.00 New Target: GBX 4100.00 Maintain15/04/2019 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 3600.00 New Target: GBX 4300.00 Unchanged11/04/2019 Broker: Barclays Capital Rating: Overweight Old Target: GBX 4000.00 New Target: GBX 4200.00 Maintain11/04/2019 Broker: UBS Rating: Buy Old Target: GBX 3500.00 Maintain10/04/2019 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 3600.00 Maintain. More notable recent Legg Mason, Inc. (NYSE:LM) news were published by: Seekingalpha.com which released: “Legg Mason’s Stock Is Cheap. But Probably For Good Reason – Seeking Alpha” on July 13, 2019, also Bizjournals.com with their article: “Stock market’s big June drives asset growth at T. Rowe Price, Legg Mason – Baltimore Business Journal” published on July 11, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On Legg Mason, Inc. (LM) ?

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investreporter.com
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Sunday, July 14


News

Financial Review: Legg Mason (NYSE:LM) versus Manning and Napier (NYSE:MN) – Slater Sentinel

LM

Manning and Napier (NYSE:MN) and Legg Mason (NYSE:LM) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, institutional ownership, profitability, analyst recommendations, valuation and dividends. Manning and Napier is trading at a lower price-to-earnings ratio than Legg Mason, indicating that it is currently the more affordable of the two stocks. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

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