|Bid||67.30 x 100|
|Ask||85.99 x 100|
|Day's Range||82.53 - 84.03|
|52 Week Range||62.97 - 85.42|
|PE Ratio (TTM)||16.18|
|Dividend & Yield||2.28 (2.71%)|
|1y Target Est||N/A|
Legg Mason (LM) and T. Rowe Price (TROW) shares are down so far Thursday like everything else. Legg Mason's stock is down more than 2% to around $37 and T. Rowe slipped more than 1% to $83. Jefferies analyst Dan Fannon, who has a Buy rating on both stocks, says both asset management firms stand to benefit as they adapt to changing industry landscape.
Steady inflows in its mutual funds and the ability to offer low cost mutual funds continuously make mutual funds from T. Rowe wise investment choices.
BlackRock and T. Rowe Price remain our top picks in the space.