|Bid||37.08 x 900|
|Ask||37.09 x 1200|
|Day's Range||36.77 - 37.26|
|52 Week Range||23.25 - 39.26|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.36 (4.07%)|
|1y Target Est||N/A|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Citi lowered its price target on Tesla to $191 from $238 Guggenheim named Anheuser-Busch InBev a best idea Evercore ISI upgraded Legg Mason to in-line from underperform Stephens downgraded Activision Blizzard to equal-weight from overweight Bank of America upgraded Ericsson to buy from neutral J.
Legg Mason is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
This isn’t the first time Peltz has wanted to fix Legg Mason. The stock climbed more than 75% the last time he was on the board.
Legg Mason Inc NYSE:LMView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for LM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding LM totaled $7.72 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The well-known activist investor has reached a deal with Legg Mason Inc. that will net his fund three seats on the money manager's board of directors.
The move comes days after reports that Trian, which has a 4.5% stake in Legg Mason, might push for changes at the mutual fund company to boost returns. Trian will identify a third independent director to be nominated at the company's annual meeting of shareholders, the company said in a statement.
Legg Mason Inc. said late Monday it has appointed Nelson Peltz and Ed Garden of activist hedge fund Trian Fund Management to the company's board, effective immediately, increasing the size of the board to 12 from 10. Peltz is Trian's chief executive officer and founding partner, and Garden is Trian's chief investment officer and also a founding partner. Trian Partners owns about 4.5% of Legg Mason's stock. Trian will also get to nominate a third independent director who, pending board approval, will be included as a director nominee on the slate of nominees recommended by the board at the annual meeting. The board will appoint or nominate at least two other independent candidates, the company said. The three new independent directors will replace three incumbent directors, two of whom have reached the company's retirement-age guidelines, it said.The Wall Street Journal on Friday reported that Legg Mason was nearing a settlement with Trian to avoid a proxy fight, with Trian pressuring for cost cuts and other measures.
Trian Partners’ Nelson Peltz and Ed Garden have been granted board seats at Legg Mason as the asset manager agreed to expand its board to 12 directors to avoid a proxy fight by the shareholder activist fund. Trian was also granted the choice of a third independent director, while the board will pick at least two more directors, for election at Legg Mason’s upcoming annual shareholder meeting as part of a board overhaul.
Nelson Peltz's Trian Fund Management LP is nearing a settlement with Legg Mason Inc that will give the activist hedge fund three or four seats on the mutual fund's board and avoid a proxy fight, the Wall ...
Nelson Peltz's firm, Trian Fund Management LP, is considering waging an activist fight to get Baltimore-based Legg Mason to improve its financial results, according to the Wall Street Journal.
Activist investor Trian reportedly held discussions with Legg Mason encouraging the firm to cut costs and improve margins, people familiar with the matter told The Wall Street Journal. The Baltimore-based investment firm, with $758 billion in assets under management, has struggled with changing trends in the investment industry. Shares of Legg Mason LM popped after The Wall Street Journal reported that Nelson Peltz's Trian may wage a fight to turn around the struggling investment firm.
Legg Mason has narrowed the cost-savings goal for its restructuring plan and no longer plans to combine affiliate operations into the company's overall global business platform.
U.S. stock futures were lower Wednesday though sentiment was lifted by a softening of the rhetoric from Donald Trump in the U.S.-China trade war and suggestions that talks could resume in the coming weeks. Markets also were soothed by weaker-than-expected economic data from China that pointed to not only slowing growth in the world's second-largest economy but also a weakening bargaining position in Beijing's trade standoff with Washington. With President Trump describing the dispute with China as "a little squabble" on Tuesday, as well as confirmation from the U.S. Treasury that Secretary Steven Mnuchin will soon travel to Beijing to resume trade talks, markets were happy to add risk following Tuesday's gains on Wall Street.
Nelson Peltz' Trian Fund Management LP may push Legg Mason Inc. to implement changes to boost returns, a person familiar with the matter said on Tuesday, the second time in 10 years that Trian has targeted the mutual fund company. The two sides have discussed cutting costs, the source said, and Legg Mason chairman, president and chief executive officer Joseph Sullivan said on an earnings call on Monday that the company plans to manage costs more effectively to improve profitability. Legg Mason's share price has fallen 15.5 percent in the last year.
The fashion retailer’s shares sold off sharply Tuesday morning despite a 10% dividend increase announced before the opening bell.
Legg Mason's (LM) assets under management (AUM) inched up 1.3% in April, supported by increase in alternative, equity and fixed income AUM.
Legg Mason's (LM) fourth-quarter fiscal 2019 (ended Mar 31) results indicate lower revenues, reduced expenses and improvement in assets under management (AUM).