Legg Mason's platform diversification has yet to spark greater levels of organic growth.
There was little in narrow-moat-rated Legg Mason's fiscal third-quarter results that would alter our long-term view of the firm. We are leaving our $44 per share fair value estimate in place. Legg Mason closed out the December quarter with $767.2 billion in total assets under management, up 1.7% sequentially and 8.0% year over year. Equity outflows of $3.2 billion were slightly worse than second-quarter outflows of $2.0 billion, and a bit of a disappointment, given how the company had been gener...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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