|Bid||35.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||38.62 - 38.87|
|52 Week Range||36.24 - 47.13|
|PE Ratio (TTM)||10.72|
|Forward Dividend & Yield||1.18 (3.00%)|
|1y Target Est||N/A|
Legg Mason (LM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In May, State Street (STT) is being covered by 20 analysts. Four of them are recommending a “strong buy” for the stock, and six are recommending a “buy.” The remaining ten have given the stock a “hold.” There are no “strong sell” or “sell” ratings. State Street’s competitor (XLF) Franklin Resources (BEN) is covered by 14 analysts.
Apollo Global Management (APO) is currently being tracked by 15 analysts, three of whom have suggested “holds,” and seven of whom have suggested “buys” on its stock.
Franklin Resources' (BEN) preliminary assets under management of $732.5 billion for April 2018 dip around 1% sequentially due to net outflows.
Janney Montgomery Scott has been opening up wealth management offices, adding advisers and growing its assets over the last few years.
In 1Q18, State Street’s (STT) AUCA (assets under custody and administration) rose 0.5% QoQ (quarter-over-quarter) and 11.6% YoY (year-over-year) to $33.2 trillion, of which mutual funds and pension products comprised $7.5 trillion and $6.8 trillion, respectively. Its equity AUCA rose 12.7% YoY to $19.1 trillion.
In 1Q18, State Street’s (STT) total expenses rose 5.9% QoQ (quarter-over-quarter) and 8.1% YoY (year-over-year) to $2.3 billion, while its compensation and employee benefit expenses rose 17.1% QoQ and 7.1% YoY to $1.2 billion. Its transaction processing service expenses rose 22.8% YoY to $242 million from $197 million, and 10.5% QoQ, due to upward market momentum and higher client volumes.
Legg Mason's (LM) fourth-quarter fiscal 2018 (ended Mar 31) earnings reflect uptrend in revenues and growth in assets under management (AUM), partially offset by soaring expenses.
Legg Mason's earnings rose to 86 cents per share, compared to 76 cents per share the prior year.
On a per-share basis, the Baltimore-based company said it had net income of 86 cents. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research ...
Invesco Limited (IVZ) incurred total operating expenses of $3.8 billion in 2017 compared to $3.5 billion in 2016, implying an increase of 9.1% year-over-year. The company incurred expenses of ~$1.5 billion in 2017 in third-party distribution, service, and advisory services. In 2016, it incurred operating expenses of $1.4 billion. The company’s employee compensation expenses totaled $1.5 billion in 2017 and in 2016, it incurred $1.3 billion.
On March 31, 2018, Invesco Limited’s (IVZ) total assets under management (or AUM) totaled $934.2 billion, which implies a 1.2% fall compared to February. This decline resulted from a decline in the equity markets, outflows seen in the non-management fee-earning AUM, and lower money market AUM. However, net long-term outflows also contributed to the decline. These outflows exclude reinvested distributions.
In fiscal 2017, Invesco Limited (IVZ) reported total net inflows of $11.3 billion. Wall Street analysts have given a high estimate for its 1Q18 earnings per share (or EPS) of $0.72, and they gave a low estimate of $0.64.
Of the 12 analysts covering The Carlyle Group (CG) in April 2018, four have recommended “strong buy,” five have recommended “buy,” and three have recommended “hold.” In March 2018, four recommended “strong buy,” four recommended “buy,” and four recommended “hold.” In February 2018, four recommended “strong buy,” three recommended “buy,” and five recommended “hold.”
State Street Corporation (STT) is expected to release its 1Q18 earnings report on April 20, 2018. Wall Street analysts have given a low estimate on its 1Q18 earnings per share (or EPS) of $1.49 while its high estimate stood at $1.65.
State Street Corporation’s (STT) investment management business generated total revenues of $1.6 billion in 2017, compared to $1.3 billion in 2016. This business generates total fee revenues from trading services, management fees, processing fees, and other revenues. The business garnered management fees of ~$1.6 billion in 2017, compared to ~$1.3 billion in 2016.
Legg Mason (LM) has seen a nice short-term history of beating earnings estimates, and looks poised to crush analyst expectations in its next earnings report as well.
The Blackstone Group (BX) is covered by 14 analysts in March 2018. Seven of them are recommending a “strong buy” for the stock, and six are rating it a “buy.” One analyst is recommending a “hold.” Compared to the previous month, the ratings haven’t changed. Of the 13 analysts that tracked BX in January 2018, six recommended a “buy,” and one gave it a “hold” rating.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 13. Over the last one-month, outflows of investor capital in ETFs holding LM totaled $4.62 billion.