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Legg Mason Lays Out Strategy For Surviving In A Troubled Asset Management Industry

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Legg Mason Lays Out Strategy For Surviving In A Troubled Asset Management Industry

At a meeting with Barclays, management from Legg Mason Inc. (NYSE: LM) confirmed what everyone already knows about the asset management industry: It’s in a state of change needs to evolve.

In an environment of thinning margins, vanishing fees, preference for passive investments and shifting regulatory footing, Legg still sees a path to succeed by managing expenses and using its diversified platform to serve customers better.

Keys for Legg Mason

Barclays analyst Kenneth Hill laid out the following imperatives for Legg Mason going forward:

  • Fully leveraging its set of products
  • Building out its new platform of alternative investments
  • Using diversification to decrease the variability of flows and maintain steady growth

Hill advises that for investors that believe in Legg Mason’s ability to execute, it’s a great stock to own.

Legg Mason shares were trading at $31.53, up nearly 2 percent.

Latest Ratings for LM

DateFirmActionFromTo
May 2019UpgradesUnderperformIn-Line
Feb 2019UpgradesNeutralBuy
Feb 2019UpgradesNeutralBuy

View More Analyst Ratings for LM
View the Latest Analyst Ratings

Posted-In: Barclays Kenneth HillAnalyst Color Long Ideas Analyst Ratings Trading Ideas

 

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