Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's affirms Franklin Resources' ratings, upgrades Legg Mason following acquisition. Global Credit Research- 03 Aug 2020. New York, August 03, 2020-- Moody's Investors Service, has affirmed Franklin Resources, Inc.' s A2 senior unsecured debt rating following the conclusion of its acquisition of Legg Mason.
Rating Action: Moody's affirms Franklin Resources' ratings, upgrades Legg Mason following acquisition. Global Credit Research- 03 Aug 2020. New York, August 03, 2020-- Moody's Investors Service, has affirmed Franklin Resources, Inc.' s A2 senior unsecured debt rating following the conclusion of its acquisition of Legg Mason.
A director at Legg Mason Inc sold 2,457,808 shares at 49.800USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
Rating Action: Moody's reviews Legg Mason's ratings for upgrade based on planned acquisition by Franklin Resources. Global Credit Research- 19 Feb 2020. New York, February 19, 2020-- Moody's Investors Service, has placed the ratings of Legg Mason, Inc on review for upgrade following the company's announcement that it has entered into a definitive agreement to be acquired by Franklin Resources, Inc. for approximately $4.5 billion in cash and the assumption of $2.0 billion of Legg...
LEGG MASON INCO. (US), a company active in the Investment Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 21, 2020, the closing price was USD 37.29 and its p...
Key Points: • A number of Consumer Discretionary names continue to have bullish technical. (ex. BLD, DNKN, MCD, CHUY, SAH, and ABG. • A few Market/Exchange related names continue to be leadership. (ex. LM, CME, ICE, and CBOE) • A few housing supply related names continue to be leadership. (ex. TREX, MAS, UFPI, and MTZ)
Key Points: • A number of Energy related names are reversing price and RS downtrends. (ex. DRQ, OII, AROC, and CKH) • A few banks and asset managers are inflecting positively or within uptrends. (ex. C, BRKL, VLY, FCF, LM, and INTL) • The healthcare Sector has a number of names inflecting bullishly (ex. CUTR, CMD, IART, CCRN, CRVL, MGLN, PGNX, ANIK, ILMN, IQV, and ANIP)
Key Points: • Homebuilding stocks remain constructive with many bouncing off of support and RS remains constructive. (ex. KBH, MHO, MDC, MTH, NVR) • Automotive Dealerships continue to develop positively and remains leadership in the Consumer Discretionary Sector. (GPI, KMX, AN) • A number of Semiconductors and Suppliers remain leadership (ex. ICHR, NANO, RTEC, AEIS, PDFS, FSLR, XLNX, and OLED)
There was little in no-moat-rated Legg Mason's fiscal fourth-quarter results that would alter our long-term view of the firm. We are leaving our $30 per share fair value estimate in place. Legg Mason closed out the March quarter with $758.0 billion in AUM, up 4.2% sequentially and 0.5% on a year-over-year basis. Outflows continue to affect the firm's equity AUM, which lost another $1.0 billion ($7.6 billion) to outflows during the March quarter (fiscal 2019), with weaker relative investment perf...
There was little in no-moat-rated Legg Mason's fiscal fourth-quarter results that would alter our long-term view of the firm. We are leaving our $30 per share fair value estimate in place. Legg Mason closed out the March quarter with $758.0 billion in AUM, up 4.2% sequentially and 0.5% on a year-over-year basis. Outflows continue to affect the firm's equity AUM, which lost another $1.0 billion ($7.6 billion) to outflows during the March quarter (fiscal 2019), with weaker relative investment perf...
The good outweighs the bad Our checklist of bullish indicators continues to grow as equal-weighted Financials (RYF), global Financials (IXG), global autos (CARZ), and the Dow Jones Transportation Average (IYT) are each decisively breaking topside critical resistance levels. These developments have led us to be incrementally more bullish. At the same time, biotech has succumbed to weakness within Health Care -- a point for the bears as it is one aspect that puts a damper on risk sentiment. Overa...
Key Points: • Homebuilders continue to march in a northerly direction. (ex. DHI, MHO, PHM, BLD, and WLH) • Insurance and Asset Management names are developing positively. (ex. VRTS, FII, LM, LNC, PRU, and RNR) • Software names remain a leadership group in technology. (ex. SPSC, PTC, ALRM, and FTNT)
For much of the past decade, the traditional U.S.-based asset managers have benefited from a bull market in equities, which has helped to lift AUM levels for most firms. Concerns about that bull market run ending sooner rather than later, and ongoing pressures from poor active-equity investment performance and the growth and acceptance of low-cost index-based products (which have not only impacted organic growth but have also raised questions about fee and margin compression longer term), have l...
For much of the past decade, the traditional U.S.-based asset managers have benefited from a bull market in equities, which has helped to lift AUM levels for most firms. Concerns about that bull market run ending sooner rather than later, and ongoing pressures from poor active-equity investment performance and the growth and acceptance of low-cost index-based products (which have not only impacted organic growth but have also raised questions about fee and margin compression longer term), have l...
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