Legg Mason

  • Is Legg Mason Finally Back From the Lost Decade?

    By Mark Holder - July 8, 2013 | Tickers: EV, LM, WDR

    As the financial markets rebound, asset manager Legg Mason (NYSE: LM) would appear a strong candidate for a rebounding stock. As investors shift more funds into equity funds that collect higher fees, the general asset management category should see fee growth.

    The company widely benefited from the equity market rally of the 1990s as the lead mutual fund saw huge inflows from beating the market for 15 consecutive years from more »

  • The Us Capital Market: an overview

    By patricio kehoe - July 5, 2013 | Tickers: BLK, LM, STT

    The US Capital Market sector is mature, competitive and subject to intense competition. This industry includes securities brokerage, investment banking, advisory services, asset management, and custody firms. It provides investment advice and brokerage of stocks, fixed-maturity securities, derivatives, and mutual funds to both types of clients, institutional investors and individuals. This sector consists of 10.000 companies with annual revenue of $15billion and assets under management (AUM) in excess of more »

  • Finding the Best American Asset Manager

    By Awais Iqbal - July 3, 2013 | Tickers: ACAS, KKR, LAZ, LM

    Since the recession hit the U.S. economy, rising unemployment has been a serious problem, and interest rates have remained incredibly low. This changed the focus of people towards stocks that could provide regular income to run their households. Dividend giving companies have been the main focus for these investors. Also, retired individuals and older people in the U.S. also focus on regular income providing companies rather than growth more »

  • Asset Managers: A Market Proxy and More

    By Bob Chandler - June 21, 2013 | Tickers: EV, BEN, LM, TROW

    Asset management companies basically run mutual funds and provide investment advisory services to high net-worth individuals and institutions.

    They are an interesting sector to follow and might offer investors a more profitable way to play any expectant bull market.

    The pro's and con's of asset managers

    Asset management is a very lucrative business. Most revenues are generated based on the value of Assets Under Management ("AUM"). Though financial more »

  • How Central Bank Decisions Affect Hedge Funds

    By Vanina Egea - June 15, 2013 | Tickers: BLK, BEN, LM

    Last week, the Bank of Japan’s decision to maintain its monetary easing policy wasn't taken at face value by the markets. The fear is that central banks could start to unwind some positions and reduce asset purchases. The Bank of Japan’s resolution caused the yen to rise against the dollar and pushed stocks lower. 

    There is a big concern about what hedge funds will do if the more »

  • Billionaire David Einhorn’s Small-Cap Picks

    By Meena Krishnamsetty - June 3, 2013 | Tickers: ACM, AHL, DST, LM, BWC

    Billionaire David Einhorn of Greenlight Capital is one of the most closely followed hedge fund managers in the world. We track quarterly 13F filings from Greenlight and hundreds of other hedge funds as part of our work researching investment strategies. One of our findings so far has been that the most popular small-cap stocks among hedge funds earn an average excess return of 18 percentage points per year, and our more »

  • Big Risks From A Market Plunge Part 2

    By Reuben Brewer - May 17, 2013 | Tickers: AB, EV, LM

    With bearish market pundits calling for a market plunge of 40% or more, virtually all stocks would take a hit. Asset managers, however, would take a double hit. Not only would their stocks go down, but so, too, would their assets under management (AUM). That would could be particularly bad for long-term results.

    Perma Bears

    “It’s a good reminder that the average bear market loss represents a run-of-the-mill market more »

  • Investing in Investment Managers

    By Marshall Hargrave - May 13, 2013 | Tickers: IVZ, LAZ, LM

    Invesco (NYSE: IVZ) is up 25% year to date, and 10% over the past week alone. This thanks to a stellar start to the year with 1Q 2013 EPS that came in at $0.52, compared to $0.45 from the previous quarter and consensus estimates of $0.47.  Tailwinds for the better-than-expected earnings were related to rising assets under management (AUM) and a stabilizing balance sheet.
     
    At the end more »
  • This Stock Is Heading Even Higher

    By Julian Willis - April 17, 2013 | Tickers: EV, LM, WDR

    Waddell & Reed Financial (NYSE: WDR) doesn't have the global recognition of a Morgan Stanley or BlackRock, but is proving that you don't have to be a world-renowned brand and employ tens of thousands to build a strong investment business. 

    Waddell, with headquarters in Overland Park, Kansas, and less than 1,700 employees, is quietly putting together some of the best business results on Wall Street. And Waddell's more »

  • Waddell & Reed is Heading Even Higher

    By Julian Willis - April 14, 2013 | Tickers: EV, LM, WDR

    Waddell & Reed (NYSE: WDR) doesn't have the global recognition of a Morgan Stanley or BlackRock, but is proving that you don't have to be a world-renowned brand and employ tens of thousands to build a strong investment business. Waddell, with headquarters in Overland Park, Kansas and less than 1,700 employees is quietly putting together some of the best business results on Wall Street. And Waddell's stock more »

  • With The Markets Rallying, Asset Managers May Outperform

    By Bob Ciura - April 8, 2013 | Tickers: EV, LM, WDR

    Professional money managers experienced a very tough time during the depths of the financial crisis. As the capital markets plunged, frightened investors took money out of mutual funds and other investment vehicles. As a result, the level of assets under management (AUM) suffered mightily.

    In addition, the onset of passively-managed products such as exchange-traded funds (ETF’s) delivered a separate blow to the asset management industry, as for the first more »

  • 3 Financial Stocks That Are Headed Higher

    By Ryan Glosier - March 24, 2013 | Tickers: HHC, ICE, LM, NYX

    The stock market has staged a strong rally so far in 2013, and more gains could be on the way for investors. The market looks to be in a sweet spot, with the Federal Reserve and other central banks continuing to provide accommodative monetary policy, even as the economy strengthens and confidence returns. At the same time, equity valuations remain reasonable and deal activity has picked up during the first more »

  • Legendary Investor Mason Hawkins Bullish on a Range of Bets

    By Meena Krishnamsetty - March 18, 2013 | Tickers: ABT, CNH, LM, MDLZ, MUR

    Mason Hawkins founded Tennessee-based Southeastern Asset Management in 1975. Southeastern manages roughly $32 billion, with locations in Tennessee, London, Singapore, Sydney and Tokyo. For the last 20 years, Southeastern has managed an average annual return of 10.31%, while the S&P 500 has returned 7.81% annually. Hawkins was heavily influenced by Ben Graham's writings on value investing, which continue to guide the investment philosophy of his funds more »

  • Dominance For One Financial Firm

    By Tyler Wofford - March 1, 2013 | Tickers: IVZ, LM, MET, PRI, PRU

    Primerica Financial Services (NYSE: PRI) distributes financial products (life insurance, mutual funds, debt elimination) to the underserved middle class in the U.S., Canada, Puerto Rico, and Spain. Yes, the company only has a market cap of $1.8 billion, but recently joined the Standard & Poor's Mid Cap 400 index. Primerica has partnered with many companies from the time it was founded in 1977, but is its future as more »

  • 'Baby Warren Buffett' Says These Stocks Will Double

    By John Macris - February 23, 2013 | Tickers: GBL, GY, LM

    Mario Gabelli, a value investor who is founder, chairman, and CEO of Gamco Investors (NYSE: GBL), recently spoke on CNBC during a Feb. 12 interview and revealed two of his favorite stock picks for 2013.

    Gabelli, 70 years old, has enjoyed an illustrious career on Wall Street. In 1976, he formed a brokerage house under his own name and later opened his own series of mutual funds. Gamco is an more »

  • This Global Asset Management Firm is Cheap

    By Anh HOANG - February 21, 2013 | Tickers: BLK, SCHW, LM

    In a recent interview with CNBC, Mario Gabelli, a successful investment manager, has talked about two stocks that would double in the near future. One was Gencorp, with its huge hidden real estate value. The other was Legg Mason (NYSE: LM), a global asset management company. In this article, I’ll dig deeper into Legg Mason to determine whether or not we should follow Mario Gabelli into this company.

    Business more »

  • Should Investors Buy the Asset Managers on Rebounding Equity Flows?

    By Mark Holder - February 13, 2013 | Tickers: BEN, JNS, LM, TROW

    After years of outflows from equity funds should investors finally invest in the asset managers as the money starts flowing back? One key to the equation is that most of the money flowed into bond funds that have low average fees placing an importance on finding the asset managers with the least exposure to bond funds. Or at least the ones that will see those funds rotate into equity funds more »

  • Fundamentals Strong But Uncertain Global Outlook A Problem

    By Jacob Wolinsky - February 11, 2013 | Tickers: BLK, SCHW, LM

    ValueWalk.com was started in January 2010, with a focus on value investing and value investors. As the site has grown, the scope has expanded. ValueWalk is now a news site with a team of global reporters covering all breaking financial news with an emphasis on value investing, hedge funds, large asset managers, Tech news, Business news.  The site contains archives of famous investors, and many investor resource pages.

    The site is famous among the value investing community as one of the best sites for evergreen and new content. ValueWalk has gained popularity among all circles for its breaking stories on hedge funds, and investigative reports on investments  by major funds.

    You can also check out ValueWalk Premium, where we analyze liquid stocks, which have little to no analyst coverage.

  • Rumors of Exchange Offer Gain Traction

    By Mike Thiessen - January 31, 2013 | Tickers: BLK, KKR, LM

    According to a report issued on January 22, 2013, Legg Mason (NYSE: LM) is in the early stages of formulating a sizable exchange offer. The company has been no stranger to such actions: In August of 2009, it completed a major exchange offer that freed up significant amounts of capital and permitted it to survive until the present. However, speculation is rampant that the current offer is a precursor to more »

  • Candid comments on 2013 from new CEO of General Dynamics

    By Shane Finneran - January 24, 2013 | Tickers: BAESY.PK, GD, LM, BA

    The new CEO of General Dynamics, Phebe Novakovic -- who ranks #16 on CNN's recent list of "The 50 Most Powerful Women in Business" -- shared several interesting observations on her first conference call for investors and analysts on January 23.

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