Asset Management & Custody Banks

Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $631 billion as of January 31, 2012.

Shares of Legg Mason (NYSE: LM) are higher on the session by 2.35%, currently trading at $26.14. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest...

WisdomTree (Nasdaq: WETF), an exchange-traded fund sponsor and asset manager, today announced a new investment sub-adviser relationship with Western Asset Management, a subsidiary of Legg Mason (NYSE: LM). The collaboration will be in the global fixed income area with a focus on credit products. 

Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $627 billion as of December 31, 2011.

Deutsche Bank has downgraded Legg Mason (NYSE: LM) from Buy to Hold and has lowered the price target from $32 to $27.

Citigroup has published a research report on Legg Mason (NYSE: LM) after a press release on 12/13 commenting on Moody's negative outlook. In the report, Legg Mason writes, "Per a 12/13 press release, Moody's Investors Service revised LM's ratings outlook to negative from stable citing erosion in...

Tuesday, December 13, 2011 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. • The first form of the stock market in New York started in 1792 with just 24 stock brokers meeting in the Tontine Coffee House on the corner of...

Analysts at Mizuho downgraded ADTRAN Inc (NASDAQ: ADTN) from “buy” to “neutral.” ADTN's shares closed at $30.46 yesterday. ADTRAN's trailing-twelve-month ROA is 16.52%. Analysts at Citigroup downgraded Legg Mason Inc (NYSE: LM) from “buy” to “neutral.” LM' shares closed at $25.23 yesterday. Legg...

Citigroup lowered its rating on Legg Mason (NYSE: LM) from Buy to Neutral and lowers its target price from $33 to $27, reflecting long term flow uncertainty, reduced EPS outlook and lower sector valuations. Citigroup says, “We are increasingly concerned around two building trends that could...

Citigroup has downgraded Legg Mason (NYSE: LM) from Buy to Neutral and has lowered the price target from $33 to $27.