Legg Mason Inc

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  • uploads///AUCA
    Earnings Report

    Inside State Street’s Assets under Custody and Administration

    In 1Q18, State Street had fixed-income and short-term-and-other-investment AUCA of $10.1 trillion and $3.9 trillion, respectively.

    By Raymond Anderson
  • uploads///FCF yield
    Company & Industry Overviews

    Factors that Led to a Rise in Invesco’s Total Operating Expenses

    Invesco (IVZ) incurred total operating expenses of $3.8 billion in 2017 compared to $3.5 billion in 2016, implying an increase of 9.1% year-over-year.

    By Raymond Anderson
  • uploads///total AUM march
    Company & Industry Overviews

    What Led to a Decline in Invesco’s March 2018 AUM?

    On March 31, 2018, Invesco Limited’s (IVZ) total assets under management totaled $934.2 billion, which implies a 1.2% fall compared to February.

    By Raymond Anderson
  • uploads///kyle sudu  unsplash
    Company & Industry Overviews

    What’s Expected from Invesco Moving Forward?

    Analysts gave a high estimate for Invesco’s (IVZ) 1Q18 earnings per share of $0.72 and a low estimate of $0.64.

    By Raymond Anderson
  • uploads///STT
    Company & Industry Overviews

    Understanding State Street’s Investment Management Business

    State Street Corporation’s (STT) investment management business generated revenues of $1.6 billion in 2017, up from $1.3 billion in 2016.

    By Raymond Anderson
  • uploads///analysts
    Company & Industry Overviews

    How Analysts Are Viewing Blackstone

    Blackstone (BX) is covered by 14 analysts in March 2018. Seven of them are recommending a “strong buy” for the stock, and six are rating it a “buy.”

    By Raymond Anderson
  • uploads///Analysts
    Earnings Report

    How Analysts View Blackstone after 4Q17

    Thirteen analysts are covering the Blackstone Group (BX) in February 2018. Of these 13, only one is suggesting a “hold” on the stock, and none are recommending “strong sells” or “sells.”

    By Raymond Anderson
  • uploads///analysts
    Earnings Report

    Wall Street Analysts’ Views on Blackstone

    Analysts’ ratings Of the 14 analysts covering The Blackstone Group (BX) in January 2018, seven have recommended “strong buy,” six have recommended “buy,” and one has recommended “hold.” There were no “strong sell” or “sell” recommendations. Peer comparison In January 2018, of the 11 analysts covering Ameriprise Financial (AMP), three have recommended “strong buy,” three have recommended “buy,” and five […]

    By Raymond Anderson
  • uploads///ebitda margin
    Earnings Report

    Breaking Down Invesco’s Assets under Management in 3Q17

    Invesco Limited (IVZ) garners its total assets under management (or AUM) from two channels: retail and institutional.

    By Raymond Anderson
  • uploads///net income margin
    Earnings Report

    Invesco’s Assets under Management Rose in 3Q17

    Invesco Limited (IVZ) reported total assets under management (or AUM) of $917.5 billion on September 30, 2017.

    By Raymond Anderson
  • uploads///market cap
    Earnings Report

    What’s behind the Rise in Invesco’s Total Operating Expenses?

    Invesco has seen a YoY rise in employee compensation expenses from $345.1 million in 3Q16 to $393.1 million in 3Q17.

    By Raymond Anderson
  • uploads///EV
    Earnings Report

    Invesco’s Strong 3Q17 Results Beat Estimates

    Invesco (IVZ), an investment management company, reported earnings per share (or EPS) of $0.71 in 3Q17, higher than Wall Street analyst predictions of $0.66.

    By Raymond Anderson
  • uploads///analuysts
    Earnings Report

    What Analysts Suggest for Carlyle Group after 3Q17 Results

    The Carlyle Group (CG) is being tracked by 12 analysts in November 2017. Five of them have rated the stock a “hold,” and four have given it a “strong buy.”

    By Raymond Anderson
  • uploads///AUM of asset managers
    Financials

    Assets under Management of Alternative Asset Managers

    On June 30, 2016, Carlyle Group (CG) reported total assets under management (or AUM) of $175.6 billion.

    By Raymond Anderson
  • uploads///DFS sub sector
    Miscellaneous

    XLF: How Did Its Subsectors Perform Last Week?

    The Financial Select Sector SPDR ETF (XLF) closed at $22.05 on April 8, falling 2.9% during the week.

    By Rebecca Keats
  • uploads///mkt cap analysis
    Miscellaneous

    Small-Cap Banking Stocks Beat Large-Cap Stocks: End of Sell-Off?

    Small-cap and mid-cap companies, which have market capitalizations under $2 billion and $10 billion, respectively, outperformed large-cap stocks last week and rose 7.9%.

    By Rebecca Keats
  • uploads///Analysts ratings
    Company & Industry Overviews

    What Do Analysts Recommend for Diversified Financial Services?

    There are 285 analysts who cover the 15 diversified financial services stocks within the Financial Select Sector SPDR ETF (XLF). Of these, 162 have assigned “buy” ratings to the stocks.

    By Rebecca Keats
  • uploads///ACWI
    Macroeconomic Analysis

    BlackRock, Blackstone, and Financials Fall on Recession Fears

    Amid the current global slowdown, asset managers, banks, and other financial stocks have fallen steeply. BlackRock fell 4.7% on February 8, 2016.

    By Robert Karr
  • uploads///analysts DFS
    Miscellaneous

    Analysts Are Bullish on Diversified Financial Services Stocks

    Of the 285 analysts covering the diversified financial services sub-group, there are 162 “buy,” 15 “sell,” and 108 “hold” ratings on the group.

    By Rebecca Keats
  • uploads///diversified financials analysts
    Company & Industry Overviews

    Analyst Recommendations for Diversified Financial Services Stocks

    Out of the 290 analysts covering the 15 stocks in the diversified financial services subgroup, 167 issued “buy” ratings and 108 issued “hold” ratings.

    By Rebecca Keats
  • uploads///Market Cap analysis
    Company & Industry Overviews

    Small Caps Underperformed Large Caps Last Week

    Large-cap stocks above $10 billion make up 87.3% of the Financial Select Sector SPDR Fund (XLF).

    By Rebecca Keats
  • uploads///ev pe
    Earnings Report

    How Did Eaton Vance Perform Compared to Its Peers?

    In this article, we’ll compare Eaton Vance with its peers. Peers include Franklin Resources, T. Rowe Price, Legg Mason, and Waddell & Reed Financial.

    By Gabriel Kane
  • uploads///ev pm
    Earnings Report

    Eaton Vance in Fiscal 4Q15: Falls in Revenue and Income

    Eaton Vance reported fiscal 4Q15 revenue of $341.4 million, a fall of 7.3% when compared to the company’s revenue of $368.4 million in fiscal 4Q14.

    By Gabriel Kane
  • uploads///MA Diversfied financial
    Company & Industry Overviews

    XLF’s Diversified Financial Services Subgroup Rises 2.1%

    Diversified financial stocks within the Financial Select Sector SPDR Fund (XLF) rose 2.1% on November 18, 2015.

    By Rebecca Keats
  • uploads///lm pe
    Earnings Report

    How Does Legg Mason Compare with Its Peers?

    Peers have outperformed Legg Mason based on PBV. However, Legg Mason is way ahead of its peers based on PE.

    By Gabriel Kane
  • uploads///Ratings
    Company & Industry Overviews

    Spotlight on the Asset Management Subsector

    Among the 209 analysts following the ten stocks in the asset management subsector, 92 have given it a “buy” rating, 14 a “sell,” and 103 a “hold.”

    By Rebecca Keats
  • uploads///AUM
    Earnings Report

    Macroeconomic Factors Impact Legg Mason’s Assets Under Management

    Legg Mason (LM) announced on May 1 that its assets under management were down by 1% to $702.7 billion when compared with the previous quarter.

    By Robert Karr
  • uploads///aum
    Company & Industry Overviews

    T. Rowe Price Group Deploys Multiple Strategies to Grow Assets

    T. Rowe Price Group manages $477.6 billion in sponsored mutual funds, the assets under management of which have grown 17% over the past three years.

    By Robert Karr
  • uploads///operating margins
    Company & Industry Overviews

    T. Rowe Price Group: It Takes Seed Capital to Build New Funds

    The length of time seed capital is held in a portfolio depends on various factors such as how long it takes to generate cash flow from unrelated investors.

    By Robert Karr
  • uploads///intermediaries
    Company & Industry Overviews

    T. Rowe Price Group: Distribution Channels Support Expansion

    T. Rowe Price Group builds its base of assets under management using four main distribution channels, mainly third-party financial intermediaries.

    By Robert Karr
  • uploads///Balance sheet
    Company & Industry Overviews

    T. Rowe Price Group: Balance Sheet Reflects Confidence

    Over time, T. Rowe Price Group has increased funding for long-term initiatives to innovate, introduce new funds, and expand its distribution channels.

    By Robert Karr
  • uploads///Price to earnings
    Company & Industry Overviews

    T. Rowe Price Group Stock Trades at a Premium

    T. Rowe needs to diversity and reduce the risks arising from economic slowdowns in certain countries and regions.

    By Robert Karr
  • uploads///Dividend
    Company & Industry Overviews

    T. Rowe Price Group a Good Pick for Growth and Retirement Options

    T. Rowe Price Group has delivered above-average growth in terms of capital profits and dividends. Its dividend yield has been ~2% over the past five years.

    By Robert Karr
  • uploads///Trian position
    Fund Managers

    Position highlights from Trian Fund’s fourth quarter 13F

    Trian Fund’s objective is to generate significant capital appreciation for investors using its operations-centric investment strategy.

    By Samantha Nielson
  • uploads///Breakdown of Alternatives
    Financials

    Alternative assets likely to see contined growth in coming years

    Until now, the clientele for alternative assets was limited. To capture future growth, companies will need to build strong brands and reach more investors.

    By Saul Perez
  • uploads///Benefits of Alternates
    Financials

    How investors benefit from alternative assets

    Despite a unique set of risks, alternative assets provide tools to sophisticated investors to improve the risk-return tradeoff in their portfolios.

    By Saul Perez
  • uploads///Comparison of Popular AM Products Saul
    Financials

    Close-ended funds: A niche product for wealthy investors

    Close-ended funds are a cross between actively managed mutual funds and ETFs. But the cost of trading in close-ended funds is much higher.

    By Saul Perez
  • uploads///Index Inex to total MF Saul
    Financials

    Index funds offer innovative products, remain competitive

    Index funds’ product offerings have evolved. For example, funds based on sector indices have been created, such as the First Trust NYSE Arca Biotechnology Index Fund.

    By Saul Perez
  • uploads///Net Inflows to Index mutual funds Saul
    Financials

    Low cost, human-error-free index funds gain in popularity

    Low cost is one of the reasons we’re seeing growing confidence in index funds. Index funds have experienced net inflows in each of last five years

    By Saul Perez
  • uploads///MF Income Cost Saul
    Financials

    Show it: How mutual funds make money

    In return for investing a client’s money, mutual funds charge a fee, generally an annual fee set as a percentage of the client’s assets. This fee is the only source of income for a mutual fund-focused asset manager.

    By Saul Perez
  • uploads///MF Magellan Assets Saul
    Financials

    The salient features of mutual funds

    There are investors who are willing to take on higher risk to generate above-average market returns. For these investors, active funds offer the optimal investment avenue.

    By Saul Perez
  • uploads///Total AUM by Type
    Financials

    How big is the asset management industry?

    Audited and verified annual figures at the end of 2013 indicate that total assets under management of US registered investment companies equalled nearly $17.1 trillion.

    By Saul Perez
  • uploads///Presence of Asset Managers Saul
    Financials

    The main players in asset management

    The efficient market hypothesis maintains that the market prices everything correctly and so it isn’t possible to outperform the market in the long run.

    By Saul Perez
  • uploads///Size of Global AM
    Macroeconomic Analysis

    The lay of the land in the asset management sector

    Sometimes the term “asset management” is also used to denote the upkeep of a plant, machinery, or equipment in order to generate better returns.

    By Saul Perez
  • Financials

    Will Bill Gross’s departure from PIMCO net profits for Janus?

    Much of the headline space for the last week covered the legendary bond mutual fund manager Bill Gross leaving Pacific Investment Management Company, LLC, (or PIMCO) to join Janus Capital (JNS).

    By Saul Perez
  • Financials

    Must-know: Challenges in investment banking

    When a firm takes on very high leverage and the trade turns out to be a loss, it can wipe out a bank’s entire profits and capital very quickly—during the sub-prime crisis, the collapse of Lehman Brothers—the largest bankruptcy filing in U.S. history—was due to leveraged trading.

    By Saul Perez
  • uploads///sharon mccutcheon lnbXtxFGZw unsplash
    Financials

    Taxable bond fund flow is still strong with tax free interest still low

    Fixed income money flow continues to be dominated by the taxable category with only marginal interest by investors in the tax-free category

    By Jonathan Casteleyn, CFA
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