39.58 0.00 (0.00%)
After hours: 4:27PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||37.78 - 39.87|
|52 Week Range||36.10 - 47.13|
|PE Ratio (TTM)||10.95|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||1.12 (2.91%)|
|1y Target Est||46.36|
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 ...
-- Fourth Quarter Net Income of $76.3 Million , or $0.86 per Diluted Share -- Assets Under Management of $754.1 Billion -- Long-term Net Inflows of $1.2 Billion for the Quarter -- Quarterly Dividend Increased ...
Universidad Autonoma de Chiapas in Mexico Launches Learning Access Point ("LAP") TORONTO, April 17, 2018 (GLOBE NEWSWIRE) -- Lingo Media Corporation (TSX-V:LM) (OTC:LMDCF) (FSE:LIMA) ("Lingo ...
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.”
BALTIMORE , April 11, 2018 /PRNewswire/ -- Legg Mason , Inc. (NYSE: LM) reported preliminary assets under management of approximately $754.1 billion as of March 31, 2018 . This month's AUM included net ...
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.
NEW YORK, April 10, 2018 /PRNewswire/ -- In a webcast on the state of U.S. and global markets, two of Legg Mason's QS Investors senior professionals asked whether this is a time for investors to remain committed to U.S. stock markets – or is it time to allocate in other directions, such as smart beta products? "Everyone is asking, 'Should investors stay invested, or should they look for other opportunities at this stage of the market cycle?'" posed Michael J. LaBella, a portfolio manager with Legg Mason affiliate QS Investors. As the bull market turns nine, QS Investors' investment managers reported that they expect economic growth to slow in 2018.
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.
The market was led lower by Facebook, Inc. (NASDAQ:FB) this week following allegations that customer data was released to commercial firms and political consultants without the knowledge or consent of the users. It’s not the first time we have seen something like this, and it seems unlikely that it will be the last, but investors anchored on the news and sold the entire sector (and market indexes) lower. Following a recommendation from famous Legg Mason Inc (NYSE:LM) investor Bill Miller, FB was on the rise again on Wednesday.
Service Class, RYIPX) received a 2018 Thomson Reuters Lipper Fund Award in recognition of its performance for the three-year period ended 11/30/17 in the International Small/Mid-Cap Growth Funds category. The Fund was ranked first out of the 48 funds included in Lipper's International Small/Mid-Cap Growth Fund category for the three-year period ended 11/30/17.
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 $2.57 billion.