Legg Mason Inc (LM) 31.47 $LM
WisdomTree Surges after Japan's Election Result: Here's Why
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:36AM CDT
WisdomTree shares have to thank Japanese election results for the unprecedented promise investors see in them supported by a depreciating yen.
BOFI: 17.07 (-1.41), EVER: 15.40 (-0.25), WETF: 10.90 (+0.07), LM: 31.47 (+0.21)
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 21.25 (+0.06), FMBI: 18.35 (+0.02), FBC: 25.93 (+0.29), LM: 31.47 (+0.21)
Legg Mason Announces Acquisition of Financial Guard LLC
PR Newswire - Thu Jul 07, 6:15AM CDT
Legg Mason, Inc. (NYSE: LM) today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. Financial terms of the transaction were not disclosed.
LM: 31.47 (+0.21)
Asset Management Stocks on our Scanner - Legg Mason, Och-Ziff Capital Management Group, Eaton Vance, and SEI Investments
PR Newswire - Fri Jul 01, 7:51AM CDT
On Thursday, June 30, 2016, the NASDAQ Composite ended the trading session at 4,842.67, up 1.33%; the Dow Jones Industrial Average advanced 1.33%, to finish at 17,929.99; and the S&P 500 closed at 2,098.86, up 1.36%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Legg Mason Inc. (NYSE: LM), Och-Ziff Capital Management Group LLC (NYSE: OZM), Eaton Vance Corporation (NYSE: EV), and SEI Investments Company (NASDAQ: SEIC). Learn more about these stocks by accessing their free trade alerts at:
SEIC: 49.95 (-0.46), LM: 31.47 (+0.21), EV: 36.69 (+0.05), OZM: 3.48 (+0.01)
Western Asset Managed High Income Fund Inc. and Western Asset High Income Opportunity Fund Inc. Announce Adjournment of Joint Special Meeting of Stockholders
BusinessWire - Fri Jul 01, 7:00AM CDT
Western Asset Managed High Income Fund Inc. (NYSE:MHY) and Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) today announced that the Joint Special Meeting of Stockholders would be adjourned to August 12, 2016 because a quorum for the conduct of business was not present. The Meeting is adjourned to August 12, 2016 at 10:00 a.m. Eastern Daylight Time at the offices of Legg Mason at 620 Eighth Avenue, 49th Floor, New York, New York, in order to provide additional time to gather votes for the necessary quorum.
HIO: 4.97 (-0.02), MHY: 4.84 (-0.01), LM: 31.47 (+0.21)
Brandywine Global Expands Global Fixed Income Team, Adds Seasoned Talent to Support Growth
BusinessWire - Wed Jun 29, 9:00AM CDT
Brandywine Global Investment Management, LLC, a wholly owned subsidiary of Legg Mason, Inc. (NYSE: LM), announced today that it has added three professionals to the firm's Global Fixed Income Team, expanding an already robust group of world-class asset management professionals. The firm continues to strengthen its fundamental research capabilities and develop its talent base to prepare for future growth and continuity. The new hires include a portfolio manager and two analysts.
LM: 31.47 (+0.21)
IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of Directors
PR Newswire - Mon Jun 27, 5:00PM CDT
IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 129-year-old IBERIABANK (www.iberiabank.com), is pleased to announce the addition of Rick E. Maples and Eli Jones to the IBERIABANK Corporation Board of Directors.
SF: 32.10 (-0.25), IBKC: 62.11 (-0.38), LM: 31.47 (+0.21)
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
BLK: 357.50 (+0.13), BAX: 46.82 (-0.03), IVZ: 26.68 (-0.18), FLR: 52.88 (-0.31), LM: 31.47 (+0.21)
FSB Proposals: Assets Managers May Face Tough Scrutiny
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:54PM CDT
The Financial Stability Board (FSB) proposed 14 recommendations to address the contagion risks, given the structural vulnerabilities in asset management industry.
BLK: 357.50 (+0.13), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Legg Mason Inc. - LM
ACCESSWIRE - Thu Jun 16, 10:54AM CDT
NEW YORK, NY / ACCESSWIRE / June 16, 2016 / Levi & Korsinsky announces it has commenced an investigation of Legg Mason Inc. (NYSE: LM) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/legg-mason-lm or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
LM: 31.47 (+0.21)
Legg Mason's (LM) CEO Package Drops 3.3% in Fiscal 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 7:16AM CDT
Legg Mason Inc.'s (LM) Chief Executive Officer (CEO) Mr. Joseph A. Sullivan's total compensation, including a cash bonus, had been decreased to $10.2 million in fiscal 2016.
SEIC: 49.95 (-0.46), ECC: 16.65 (+0.14), OMAM: 13.79 (-0.08), LM: 31.47 (+0.21)
Western Asset Update on Plan for Money Market Fund Offerings
PR Newswire - Mon Jun 13, 11:09AM CDT
Western Asset Management Company, an investment affiliate of Legg Mason, today announced an update to the preliminary plan for its money market mutual fund product suite's compliance with the U.S. Securities and Exchange Commission (SEC) money market fund reform rules. The initial plans were announced in April 2015, and after further consultation with both investors and distribution partners, the firm can advise the following fund line-up and floating net asset value strike times.
LM: 31.47 (+0.21)
Legg Mason (LM) AUM Improves in May; Inflows Recorded
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:40AM CDT
Baltimore-based Legg Mason Inc. (LM) reported a rise in its assets under management (AUM) as of May 31, 2016, as compared with the prior month. Preliminary month-end AUM came in at $717.8 billion, up 1.5% from Apr 2016.
EFSC: 27.55 (-0.20), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Invesco's AUM for May Rises on Higher Money Market Assets
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:27AM CDT
Invesco's AUM for May 2016 improved slightly mainly due to higher money market assets and long-term inflows.
SEIC: 49.95 (-0.46), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Legg Mason Reports Assets Under Management and Flows For May 2016
PR Newswire - Fri Jun 10, 7:00AM CDT
Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $717.8 billion as of May 31, 2016. This month's AUM included fixed income inflows of approximately $4.4 billion, which included the previously announced fundings at Western Asset. Equity outflows were approximately $0.9 billion and alternative1 outflows were approximately $0.3 billion. Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign exchange impact of approximately $3.6 billion. May AUM included approximately $9.6 billion2 in AUM related to the EnTrust Capital acquisition, which closed on May 2, 2016.
LM: 31.47 (+0.21)
Franklin's (BEN) AUM Down as Equity Assets Take a Hit
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 5:03PM CDT
Franklin Resources Inc. (BEN) announced preliminary assets under management (AUM) by its subsidiaries of $737.3 billion for May 2016.
SEIC: 49.95 (-0.46), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Morgan Stanley Solicits SEC Consent to Enter ETF Market
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:28AM CDT
In a bid to capitalize on the ongoing ETF boom, Morgan Stanley's (MS) asset management unit sought permission from the U.S. SEC last week to launch its first U.S.-listed ETFs.
GS: 157.92 (+1.00), JPM: 63.16 (-0.04), LM: 31.47 (+0.21), MS: 27.16 (-0.21)
Featured Research Report on Asset Management's Stocks
ACCESSWIRE - Thu Jun 02, 8:15AM CDT
LONDON, UK / ACCESSWIRE / June 2, 2016 / ActiveWallSt.com announces the list of stocks for today's research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Asset Management industry. Companies recently under review include Och-Ziff Capital Management, Legg Mason, Eaton Vance, and SEI Investments. Register with us now for your free membership and see our complete reports on these equities at:
SEIC: 49.95 (-0.46), LM: 31.47 (+0.21), EV: 36.69 (+0.05), OZM: 3.48 (+0.01)
After Yesterday's Rally of 1.52% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Tue May 31, 4:28PM CDT
Legg Mason (NYSE:LM) traded in a range yesterday that spanned from a low of $34.17 to a high of $34.77. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $34.30 on volume of 978,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
LM: 31.47 (+0.21)
SmarTrend Watching for Potential Pullback in Shares of Legg Mason After 1.52% Gain
Comtex SmarTrend(R) - Tue May 31, 4:26PM CDT
Legg Mason (NYSE:LM) traded in a range yesterday that spanned from a low of $34.17 to a high of $34.77. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $34.30 on volume of 978,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
LM: 31.47 (+0.21)
WisdomTree Surges after Japan's Election Result: Here's Why
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:36AM CDT
WisdomTree shares have to thank Japanese election results for the unprecedented promise investors see in them supported by a depreciating yen.
BOFI: 17.07 (-1.41), EVER: 15.40 (-0.25), WETF: 10.90 (+0.07), LM: 31.47 (+0.21)
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 21.25 (+0.06), FMBI: 18.35 (+0.02), FBC: 25.93 (+0.29), LM: 31.47 (+0.21)
Legg Mason Announces Acquisition of Financial Guard LLC
PR Newswire - Thu Jul 07, 6:15AM CDT
Legg Mason, Inc. (NYSE: LM) today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. Financial terms of the transaction were not disclosed.
LM: 31.47 (+0.21)
Asset Management Stocks on our Scanner - Legg Mason, Och-Ziff Capital Management Group, Eaton Vance, and SEI Investments
PR Newswire - Fri Jul 01, 7:51AM CDT
On Thursday, June 30, 2016, the NASDAQ Composite ended the trading session at 4,842.67, up 1.33%; the Dow Jones Industrial Average advanced 1.33%, to finish at 17,929.99; and the S&P 500 closed at 2,098.86, up 1.36%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Legg Mason Inc. (NYSE: LM), Och-Ziff Capital Management Group LLC (NYSE: OZM), Eaton Vance Corporation (NYSE: EV), and SEI Investments Company (NASDAQ: SEIC). Learn more about these stocks by accessing their free trade alerts at:
SEIC: 49.95 (-0.46), LM: 31.47 (+0.21), EV: 36.69 (+0.05), OZM: 3.48 (+0.01)
Western Asset Managed High Income Fund Inc. and Western Asset High Income Opportunity Fund Inc. Announce Adjournment of Joint Special Meeting of Stockholders
BusinessWire - Fri Jul 01, 7:00AM CDT
Western Asset Managed High Income Fund Inc. (NYSE:MHY) and Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) today announced that the Joint Special Meeting of Stockholders would be adjourned to August 12, 2016 because a quorum for the conduct of business was not present. The Meeting is adjourned to August 12, 2016 at 10:00 a.m. Eastern Daylight Time at the offices of Legg Mason at 620 Eighth Avenue, 49th Floor, New York, New York, in order to provide additional time to gather votes for the necessary quorum.
HIO: 4.97 (-0.02), MHY: 4.84 (-0.01), LM: 31.47 (+0.21)
Brandywine Global Expands Global Fixed Income Team, Adds Seasoned Talent to Support Growth
BusinessWire - Wed Jun 29, 9:00AM CDT
Brandywine Global Investment Management, LLC, a wholly owned subsidiary of Legg Mason, Inc. (NYSE: LM), announced today that it has added three professionals to the firm's Global Fixed Income Team, expanding an already robust group of world-class asset management professionals. The firm continues to strengthen its fundamental research capabilities and develop its talent base to prepare for future growth and continuity. The new hires include a portfolio manager and two analysts.
LM: 31.47 (+0.21)
IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of Directors
PR Newswire - Mon Jun 27, 5:00PM CDT
IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 129-year-old IBERIABANK (www.iberiabank.com), is pleased to announce the addition of Rick E. Maples and Eli Jones to the IBERIABANK Corporation Board of Directors.
SF: 32.10 (-0.25), IBKC: 62.11 (-0.38), LM: 31.47 (+0.21)
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
BLK: 357.50 (+0.13), BAX: 46.82 (-0.03), IVZ: 26.68 (-0.18), FLR: 52.88 (-0.31), LM: 31.47 (+0.21)
FSB Proposals: Assets Managers May Face Tough Scrutiny
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:54PM CDT
The Financial Stability Board (FSB) proposed 14 recommendations to address the contagion risks, given the structural vulnerabilities in asset management industry.
BLK: 357.50 (+0.13), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Legg Mason Inc. - LM
ACCESSWIRE - Thu Jun 16, 10:54AM CDT
NEW YORK, NY / ACCESSWIRE / June 16, 2016 / Levi & Korsinsky announces it has commenced an investigation of Legg Mason Inc. (NYSE: LM) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/legg-mason-lm or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
LM: 31.47 (+0.21)
Legg Mason's (LM) CEO Package Drops 3.3% in Fiscal 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 7:16AM CDT
Legg Mason Inc.'s (LM) Chief Executive Officer (CEO) Mr. Joseph A. Sullivan's total compensation, including a cash bonus, had been decreased to $10.2 million in fiscal 2016.
SEIC: 49.95 (-0.46), ECC: 16.65 (+0.14), OMAM: 13.79 (-0.08), LM: 31.47 (+0.21)
Western Asset Update on Plan for Money Market Fund Offerings
PR Newswire - Mon Jun 13, 11:09AM CDT
Western Asset Management Company, an investment affiliate of Legg Mason, today announced an update to the preliminary plan for its money market mutual fund product suite's compliance with the U.S. Securities and Exchange Commission (SEC) money market fund reform rules. The initial plans were announced in April 2015, and after further consultation with both investors and distribution partners, the firm can advise the following fund line-up and floating net asset value strike times.
LM: 31.47 (+0.21)
Legg Mason (LM) AUM Improves in May; Inflows Recorded
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:40AM CDT
Baltimore-based Legg Mason Inc. (LM) reported a rise in its assets under management (AUM) as of May 31, 2016, as compared with the prior month. Preliminary month-end AUM came in at $717.8 billion, up 1.5% from Apr 2016.
EFSC: 27.55 (-0.20), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Invesco's AUM for May Rises on Higher Money Market Assets
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:27AM CDT
Invesco's AUM for May 2016 improved slightly mainly due to higher money market assets and long-term inflows.
SEIC: 49.95 (-0.46), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Legg Mason Reports Assets Under Management and Flows For May 2016
PR Newswire - Fri Jun 10, 7:00AM CDT
Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $717.8 billion as of May 31, 2016. This month's AUM included fixed income inflows of approximately $4.4 billion, which included the previously announced fundings at Western Asset. Equity outflows were approximately $0.9 billion and alternative1 outflows were approximately $0.3 billion. Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign exchange impact of approximately $3.6 billion. May AUM included approximately $9.6 billion2 in AUM related to the EnTrust Capital acquisition, which closed on May 2, 2016.
LM: 31.47 (+0.21)
Franklin's (BEN) AUM Down as Equity Assets Take a Hit
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 5:03PM CDT
Franklin Resources Inc. (BEN) announced preliminary assets under management (AUM) by its subsidiaries of $737.3 billion for May 2016.
SEIC: 49.95 (-0.46), IVZ: 26.68 (-0.18), LM: 31.47 (+0.21), BEN: 34.47 (-0.37)
Morgan Stanley Solicits SEC Consent to Enter ETF Market
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:28AM CDT
In a bid to capitalize on the ongoing ETF boom, Morgan Stanley's (MS) asset management unit sought permission from the U.S. SEC last week to launch its first U.S.-listed ETFs.
GS: 157.92 (+1.00), JPM: 63.16 (-0.04), LM: 31.47 (+0.21), MS: 27.16 (-0.21)
Featured Research Report on Asset Management's Stocks
ACCESSWIRE - Thu Jun 02, 8:15AM CDT
LONDON, UK / ACCESSWIRE / June 2, 2016 / ActiveWallSt.com announces the list of stocks for today's research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Asset Management industry. Companies recently under review include Och-Ziff Capital Management, Legg Mason, Eaton Vance, and SEI Investments. Register with us now for your free membership and see our complete reports on these equities at:
SEIC: 49.95 (-0.46), LM: 31.47 (+0.21), EV: 36.69 (+0.05), OZM: 3.48 (+0.01)
After Yesterday's Rally of 1.52% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Tue May 31, 4:28PM CDT
Legg Mason (NYSE:LM) traded in a range yesterday that spanned from a low of $34.17 to a high of $34.77. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $34.30 on volume of 978,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
LM: 31.47 (+0.21)
SmarTrend Watching for Potential Pullback in Shares of Legg Mason After 1.52% Gain
Comtex SmarTrend(R) - Tue May 31, 4:26PM CDT
Legg Mason (NYSE:LM) traded in a range yesterday that spanned from a low of $34.17 to a high of $34.77. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $34.30 on volume of 978,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
LM: 31.47 (+0.21)
