Asset Management Stocks in Bearish Claws: Legg Mason Inc (NYSE:LM), Franklin Resources, Inc. (NYSE:BEN)

Submitted By on June 20, 2013 - 02:07 PM

NEW YORK, June 20, 2013 — (Tech Sonian) — Pennystocksgainer  web site will provide information’s like current or active penny stocks, as well as most gainers of the day chart. Let’s have a look on: Legg Mason Inc (NYSE:LM), Franklin Resources, Inc. (NYSE:BEN)

We have selected stocks of Asset Management industry which were in bearish claws in the trading activity of Wednesday and the different period trends of these stocks are also discussed here.

Legg Mason Inc (NYSE:LM) gained volume of 3,234,814 shares, while the average volume remained 1.78 million shares. The stock decreased -3.93% and finished the prior session at $32.26. The EPS of the stock remained -2.69. The one month of the stock was -10.26% and three month trend remained positive 1.57%. Insider ownership of the company remained 0.70% while intuitional ownership stayed at 95.30%. Beta of the stock remained 1.80 and its ATR stayed at 0.96.

How Should Investors Trade LM Now? Don’t Miss out a Special Trend Analysis

Legg Mason, Inc. provides asset management and related financial services to institutional and individual clients, company-sponsored mutual funds, and other pooled investment vehicles worldwide.

Franklin Resources, Inc.  (NYSE:BEN) gained volume of 1,436,300 shares and the average volume of the stock remained 959,865 shares. The 52 week range of the stock remained $102.10 – $169.62.The stock closed the session at $145.47. The stock showed a negative performance of -3.61% in previous trading session.

What BEN’s Charts Are Signaling for Traders? Find Out Here

Franklin Resources, Inc. (NYSE: BEN), which operates as Franklin Templeton Investments, today announced that it has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial 20 percent equity stake in Pelagos in 2010.

William Yun, CFA, executive vice president, Franklin Templeton Alternative Strategies, said, “We’ve developed a strong relationship with Pelagos since our initial investment in 2010 and after seeing growing interest from investors in alternative investment strategies, we are pleased to announce the completion of this acquisition.”

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.

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