|Bid||23.60 x 1200|
|Ask||0.00 x 2200|
|Day's Range||30.30 - 30.86|
|52 Week Range||23.25 - 42.24|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||1.36 (4.53%)|
|1y Target Est||31.55|
Cohen & Steers' (CNS) assets under management (AUM) of $60 billion for January 2019 increased 9.5% from the prior month, driven by market appreciation and net inflows.
Franklin Resources' (BEN) preliminary assets under management (AUM) of $678.3 billion for January 2019 up 4.4% from the prior month, driven by net market gains.
BALTIMORE , Feb. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $746.7 billion as of Jan. 31, 2019 . This month's AUM included net long-term ...
BALTIMORE , Feb. 11, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.34 ...
NEW YORK, Feb. 8, 2019 /PRNewswire/ -- Legg Mason, one of the world's largest asset management firms, today announced the launch of its newest actively managed exchange traded fund (ETF), the Western Asset Short Duration Income ETF (NASDAQ:WINC). A short-duration (0-3 years) fixed-income strategy, WINC seeks to generate current income via a diversified portfolio with an emphasis on low interest rate sensitivity, higher credit quality and active credit selection. "We are pleased to add this exciting new actively managed income-seeking fund, offered in a cost-effective, investor-friendly ETF wrapper," said Michael C. Buchanan, Deputy Chief Investment Officer of Western Asset.
The firm is shutting three funds that focus on the U.S., emerging markets and developed markets outside the U.S. following a review of its product lineup “to ensure it is relevant to investor demand,” the company said in a statement. Together the funds manage $28 million, just 3 percent of assets in Legg Mason’s 12 ETFs, and a fraction of the firm’s $727 billion. The ETFs are also closing just weeks after reaching their three-year anniversary, the first point at which some institutional investors and brokerage platforms will consider a new fund.
Operating margins for publicly traded asset management companies fell to an average of 29 percent last year, the lowest since 2011, according to the report published Thursday by Casey Quirk, a business of Deloitte Consulting LLP. “Though many asset managers are talking now about cost-cutting, over the past few years we’ve seen most asset managers actually reinvesting in their businesses,” Amanda Walters, senior manager at Casey Quirk, said in a phone interview.
Legg Mason, Inc. (LM) announced today that it has determined to close and liquidate the exchange-traded funds listed below (the “funds”) based on an ongoing review of its product lineup and to ensure it meets the evolving needs of its clients. Proceeds of the liquidation are currently expected to be sent to shareholders of the funds on or about March 22, 2019 (the “Liquidation Date”). It is expected that the funds will cease trading on NASDAQ on or about March 15, 2019, and subsequently will be delisted.
Lazard's (LAZ) fourth-quarter 2018 results reflect solid top-line performance, offset by lower assets under management (AUM) and escalated expenses.
Legg Mason CEO Joseph A. Sullivan wanted to be clear that Legg Mason is not just "making short-term cost cuts in response to a challenging market."
Legg Mason's (LM) third-quarter fiscal 2019 (ended Dec 31) earnings reflect lower revenues, higher expenses and fall in assets under management (AUM) on a year-over-year basis.
Legg Mason (LM) delivered earnings and revenue surprises of 5.80% and -1.84%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
"These are certainly turbulent times," CEO Joseph A. Sullivan said during a conference call with analysts.
On a per-share basis, the Baltimore-based company said it had a loss of $2.55. Earnings, adjusted for asset impairment costs and pretax expenses, were 73 cents per share. The results surpassed Wall Street ...
-- Third Quarter Net Loss of $216.9 Million , or $2.55 per Diluted Share, Including: - Non-Cash Intangible Asset Impairment Charges of $365.2 Million , or $3.11 per Diluted Share - Net Discrete Expenses ...
Legg Mason's (LM) overall earnings in Q3 might disappoint as overall decline in assets under management is likely to be recorded.
Legg Mason (LM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK , Jan. 23, 2019 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved a plan of liquidation for Royce Special Equity Multi-Cap Fund, to be effective on February 25, 2019 . The Fund is ...
# Legg Mason Inc ### NYSE:LM View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding LM totaled $4.40 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS 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.