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Legg Mason

  • 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 julianwillis - 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 julianwillis - 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 Robert 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 RyanGlosier - 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.

  • Financial Firms Depend on Each Other

    By Tyler Wofford - January 23, 2013 | Tickers: GNW, IVZ, LM, PRI

    Many times people expect financial companies to perform well due to the fact they supposedly understand finance. However, many times, partnerships and spin-offs fail miserably. The truth of the matter is this: financial firms are often dependent on their competition. 

    Revenues have increased more than 17% for three consecutive years at Invesco (NYSE: IVZ). Invesco has an operation network spanning over twenty countries, and believes that “great ideas transcend borders more »

  • A Large Global Asset Manager with Huge Insider Buys

    By Anh HOANG - November 19, 2012 | Tickers: BLK, LM, STT

    I am often very excited about insiders’ buys, especially those with huge value. It is not about some hundred thousand, or some million dollars, but approaching nearly $100 million in value. In addition, this can be considered one of the biggest insiders buys in the overall market in nearly a decade. Ready to hear the name of the company? It is actually a big investment management firm with the increasing more »

  • Billionaire Nelson Peltz’s Latest Stock Picks

    By Meena Krishnamsetty - November 16, 2012 | Tickers: FDO, IR, LM, STT, TIF

    Trian Partners is an activist hedge fund headed by Nelson Peltz and his partner Peter May. In November the fund filed its 13F with the SEC, disclosing many of its long equity positions to the general public. Investors can use 13F filings as a source of stock ideas for further research or simply to better understand what top investors were thinking about the markets last quarter. Read on for our more »

  • Five Companies for a Baltimore Portfolio

    By Mike Steele - October 24, 2012 | Tickers: JOSB, LM, MKC, TROW, UA | Editor's Choice

    Are Tom Clancy and Edgar Allen Poe your favorite authors?  Are "The Star Spangled Banner" and songs from the musical "Hairspray" both in your MP3 playlist?  Do you drink Natty Boh with your soft shell crabs?  Are your favorite birds Ravens and Orioles?  If you answered yes to these questions, you might be from Baltimore. 

    Individual investors are most successful when they buy into the idea that they are owning more »

  • A Big Insider Buy at BlackRock

    By Meena Krishnamsetty - October 24, 2012 | Tickers: BLK, BEN, LM, STT, TROW

    Recent filings with the SEC have disclosed that between his direct holdings and indirect forms of ownership, such as a controlled LLC and a trust, BlackRock (NYSE: BLK) Board member James Grosfeld has recently bought a total of 300,000 shares of the company at prices of about $190 per share. That $57 million investment has been a large increase in his holdings: he now directly owns just over 400 more »

  • What Does Billionaire Nelson Peltz Think Of This Asset Manager?

    By Meena Krishnamsetty - October 4, 2012 | Tickers: BLK, SCHW, BEN, LM, TROW

    According to a filing with the SEC, billionaire Nelson Peltz’s Trian Partners is down to 12.9 million shares of Legg Mason (NYSE: LM). The fund still owns 9.5% of the shares outstanding, and according to a statement issued by Trian it did not technically sell shares but transferred ownership to an investor. At the end of June Trian had reported a position of 14.7 million shares more »

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