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Benzinga's Top Initiations
Wednesday, June 3, 2015 - 8:11am | 387Read More...Analysts at Piper Jaffray initiated coverage on Legg Mason Inc (NYSE: LM) with a Overweight rating. The target price for Legg Mason is set to $65. Legg Mason shares closed at $53.56 yesterday. Analysts at Credit Suisse initiated coverage on Virtus Investment Partners Inc (NASDAQ: VRTS) with a...
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Piper Jaffray Initiates Legg Mason With Overweight
Wednesday, June 3, 2015 - 7:02am | 66Read More...Analysts at Piper Jaffray initiated coverage on Legg Mason Inc (NYSE: LM) with a Overweight rating. The target price for Legg Mason is set to $65. Legg Mason shares have gained 6.74 percent over the past 52 weeks, while the S&P 500 index has surged 9.43 percent in the same period. Legg Mason...
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Legg Mason Q1 Profit Beats Estimates
Friday, May 1, 2015 - 7:48am | 196Read More...Legg Mason Inc (NYSE: LM) reported better-than-expected earnings for the first quarter. The Baltimore, Maryland-based company reported quarterly earnings of $83 million, compared to $69 million, in the year-ago period. On a per-share basis, the company's earnings climbed to $0.73 from $0.58....
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Stocks Hitting 52-Week Highs
Wednesday, February 18, 2015 - 10:05am | 139Read More...Legg Mason Inc. (NYSE: LM) shares reached a new 52-week high of $58.84. Analysts at Jefferies upgraded Legg Mason from Hold to Buy and raised the price target from $50 to $67. Boston Scientific Corporation (NYSE: BSX) shares rose 9.57% to touch a new 52-week high of $16.26 on Johnson &...
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Jefferies Upgrades Legg Mason To Buy
Wednesday, February 18, 2015 - 8:44am | 62Read More...Analysts at Jefferies upgraded Legg Mason Inc. (NYSE: LM) from Hold to Buy. The price target for Legg Mason has been raised from $50 to $67. Legg Mason shares have climbed 33.26% over the past 52 weeks, while the S&P 500 index has surged 14.85% in the same period. Legg Mason's shares jumped 1....
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Benzinga's Top Upgrades
Wednesday, February 18, 2015 - 8:44am | 152Read More...Analysts at Citigroup upgraded Chubb Corp (NYSE: CB) from Sell to Neutral. The price target for Chubb has been raised from $89 to $103. Chubb's shares closed at $101.16 yesterday. Analysts at Credit Suisse upgraded Valero Energy Corporation (NYSE: VLO) from Neutral to Outperform. The price target...
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UPDATE: Legg Mason Posts Upbeat Q3 Earnings
Friday, January 30, 2015 - 8:32am | 222Read More...Legg Mason Inc. (NYSE: LM) reported better-than-expected earnings for its third quarter. The company's board also announced a new share-buyback plan for up to $1 billion. The Baltimore, Maryland-based company reported quarterly earnings of $77 million, compared to $81.7 million. On a per-share...
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Earnings Scheduled For January 30, 2015
Friday, January 30, 2015 - 4:57am | 1016Read More...Altria Group Inc. (NYSE: MO) is estimated to report its Q4 earnings at $0.67 per share on revenue of $4.53 billion. MasterCard Incorporated (NYSE: MA) is projected to report its Q4 earnings at $0.67 per share on revenue of $2.39 billion. Chevron Corporation (NYSE: CVX) is expected to report its Q4...
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Earnings Scheduled For October 31, 2014
Friday, October 31, 2014 - 4:13am | 801Read More...American Axle & Manufacturing Holdings (NYSE: AXL) is expected to report its Q3 earnings at $0.62 per share on revenue of $954.54 million. Chevron (NYSE: CVX) is projected to report its Q3 earnings at $2.55 per share on revenue of $52.97 billion. Exxon Mobil (NYSE: XOM) is expected to report...
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Legg Mason Names Joseph A. Sullivan Chairman
Tuesday, October 28, 2014 - 7:30am | 756Read More...The Board of Directors of Legg Mason, Inc. (NYSE: LM) announced that Joseph A. Sullivan, President and Chief Executive Officer, was elected Chairman of the Board of Directors, effective immediately. He succeeds Dennis M. Kass, who has been Chairman of the Board since July, 2013. Mr. Kass, remains...
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Legg Mason End-August Assets Under Management $711B
Wednesday, September 10, 2014 - 6:57am | 55Read More...Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $711 billion as of August 31, 2014. This month's AUM included fixed income inflows of approximately $2.1 billion, equity inflows of approximately $0.2 billion and liquidity inflows of approximately $4.5 billion. August...
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Earnings Scheduled For July 31, 2014
Thursday, July 31, 2014 - 4:12am | 1032Read More...Apache (NYSE: APA) is estimated to report its Q2 earnings at $1.65 per share on revenue of $3.64 billion. Kellogg Company (NYSE: K) is projected to report its Q2 earnings at $1.02 per share on revenue of $3.71 billion. Time Warner Cable (NYSE: TWC) is estimated to report its Q2 earnings at $1.91...
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Benzinga's Top #PreMarket Gainers
Wednesday, June 4, 2014 - 7:08am | 142Read More...Protective Life (NYSE: PL) shares climbed 18.70% to $69.70 in the pre-market trading session after Dai-ichi Life (OTC: DCNSF) agreed to buy Protective Life for $70 per share. Legg Mason (NYSE: LM) shares gained 6.99% to $52.63 in pre-market trading after Stifel Financial (NYSE: SF) announced the...
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UPDATE: Citi Upgrades Legg Mason to Buy, Shares Move Lower
Wednesday, May 14, 2014 - 12:00pm | 113Read More...In a report issued Wednesday, Citi upgraded its rating of Legg Mason, Inc. (NYSE: LM) from Neutral to Buy with a target price of $56. A team of analysts at Citi lead by William R. Katz sees Legg Mason as an “attractive play” with “robust capital return with deal optionality and inexpensive...
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Top 4 Mid-Cap Stocks In The Asset Management Industry With The Lowest PEG Ratio
Friday, May 9, 2014 - 3:43am | 110Read More...Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of PEG ratio. Fortress Investment Group LLC (NYSE: FIG) has a PEG ratio of 0.18. Fortress Investment's trailing-twelve-month revenue is $1.27 billion. Waddell & Reed Financial (NYSE: WDR) has a PEG ratio of...
