Asset Management & Custody Banks

13F from Nelson Peltz's Trian: (All figures in millions of shares.) New Stakes: Pepsi (NYSE: PEP) ~12.03 Modelez (NASDAQ: MDLZ) ~40.3 Raised Stakes: Family Dollar (NYSE: DG) from 8.967 to 8.968 Lowered Stakes: Tiffany (NYSE: TIF) from 1.004 to ~.01 State Street (NYSE: STT) from 3.152 to 2.355...

Aetna (NYSE: AET) is expected to report its Q1 earnings at $1.39 per share on revenue of $9.64 billion. Archer Daniels Midland Company (NYSE: ADM) is estimated to report its Q1 earnings at $0.52 per share on revenue of $21.41 billion. Stepan Company (NYSE: SCL) is expected to report its Q1...

Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.13 per share.  This represents an 18% increase in its quarterly dividend. The dividend is payable on July 8, 2013 to shareholders of record on June...

On CNBC Tuesday morning, famed investor Mario Gabelli named two stocks that he believed could double in the near future. Gabelli is the founder of Gabelli Asset Management -- commonly referred to as GAMCO. The two stocks Gabelli named were GenCorp (NYSE: GY) and Legg Mason (NYSE: LM). GenCorp is...

US stock futures are higher this morning, as investors are awaiting earnings nonfarm payrolls data. Futures for the Dow Jones Industrial Average surged 65 points to 13,862.00 and S&P 500 index futures rose 5.30 points to 1,498.50. Nasdaq 100 futures jumped 10.25 points to 2,735.25. US stocks...

Exxon Mobil (NYSE: XOM) is estimated to report its Q4 earnings at $2.00 per share on revenue of $115.22 billion. Mattel (NASDAQ: MAT) is projected to report its Q4 earnings at $1.15 per share on revenue of $2.29 billion. Aon plc (NYSE: AON) is expected to report its Q4 earnings at $1.26 per share...

The last week of January should be a busy one for investors. In addition to several earnings reports from a number of major companies, investors will also get key economic data, including the monthly nonfarm payroll report. Industrial machine maker Caterpillar (NYSE: CAT) will report earnings...

Analysts at RBC Capital downgraded VeriFone Systems (NYSE: PAY) from “outperform” to “sector perform.” VeriFone's shares closed at $31.42 yesterday. VeriFone's trailing-twelve-month ROE is 5.22%. Analysts at Wells Fargo downgraded American International Group (NYSE: AIG) from “outperform” to “...

Legg Mason (NYSE: LM) and affiliate Permal have today announced a definitive agreement to acquire Fauchier Partners, a leading European based manager of funds of hedge funds, from BNP Paribas Investment Partners. Fauchier Partners will be combined with Permal, one of the largest alternative asset...

Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors approved an amendment to the payment date for the Company's quarterly cash dividend on its common stock in the amount of $0.11 per share. The dividend was previously declared by the Company on October 26, 2012. The dividend...