Initiating Research Reports on Asset Management Equities -- Legg Mason, New Mountain Finance, OM Asset Management, and Och Ziff Capital Management
NEW YORK, July 11, 2017 /PRNewswire/ --
If you want a Stock Review on LM, NMFC, OMAM or OZM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Under close review on DailyStockTracker.com today are: Legg Mason Inc. (NYSE: LM), New Mountain Finance Corp. (NYSE: NMFC), OM Asset Management PLC (NYSE: OMAM), and Och-Ziff Capital Management Group LLC (NYSE: OZM). Asset Management companies offer investment services, along with a wide range of traditional and alternative product offerings that might not be available to the average investor. Their accounts include checking writing privileges, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund, and brokerage services. This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
http://dailystocktracker.com/register/
Legg Mason
Baltimore, Maryland-based Legg Mason Inc.'s stock finished Monday's session 0.95% higher at $39.26. A total volume of 1.14 million shares was traded, which was above their three months average volume of 955,070 shares. The Company's shares have advanced 2.00% in the past month, 8.18% over the previous three months, and 31.26% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.76% and 13.22%, respectively. Furthermore, shares of Legg Mason, which through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients, have a Relative Strength Index (RSI) of 55.14.
On June 12th, 2017, Legg Mason reported preliminary assets under management (AUM) of approximately $726.6 billion as of May 31st, 2017. June's AUM included long-term outflows of $0.1 billion, consisting of net outflows in alternatives of $0.2 billion, partially offset by equity inflows of $0.1 billion. Fixed income flows were flat. Alternatives AUM reflected realizations of $1.1 billion at Clarion Partners. Liquidity outflows were $7.5 billion, and June's AUM included a positive foreign exchange impact of $0.3 billion.
On June 30th, 2017, research firm RBC Capital Markets initiated an 'Outperform' rating on the Company's stock, with a target price of $45 per share. Visit us today and access our complete research report on LM at:
http://dailystocktracker.com/registration/?symbol=LM
New Mountain Finance
Shares in New Mountain Finance Corp. ended flat at $14.30. The stock recorded a trading volume of 285,382 shares. The Company's shares have gained 1.42% on an YTD basis. The stock is trading 0.13% below its 200-day moving average. Moreover, shares of New Mountain Finance, which specializes in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities, have an RSI of 38.60.
On June 29th, 2017, New Mountain Finance announced that it will release its financial results for the quarter ending June 30th, 2017 on August 08th, 2017, after the close of the US financial markets. The Company will also announce its Q3 2017 dividend on that same day. Additionally, the Company will host an earnings conference call and audio webcast at 10:00 am ET on August 09th, 2017. The complimentary report on NMFC can be downloaded at:
http://dailystocktracker.com/registration/?symbol=NMFC
OM Asset Management
Boston, Massachusetts-based OM Asset Management PLC's stock ended yesterday's session 1.52% higher at $15.41 with a total trading volume of 515,049 shares. The Company's shares have advanced 6.20% in the past month, 1.72% over the previous three months, and 6.28% on an YTD basis. The stock is trading 4.68% and 5.95% above its 50-day and 200-day moving averages, respectively. Additionally, shares of OM Asset Management, which provides its services to individuals and institutions, have an RSI of 60.17.
On June 29th, 2017, OM Asset Management announced that, effective June 30th, 2017, Peter Bain is stepping down from his roles as President, CEO, and Director - positions he has held since 2011. James J. Ritchie, Chairman of the Company's Board of Directors, will serve as Executive Chairman and interim CEO, while the Board conducts a thorough search for the next CEO. Register for free on DailyStockTracker.com and access the latest research report on OMAM at:
http://dailystocktracker.com/registration/?symbol=OMAM
Och Ziff Capital Management
On Monday, shares in New York City-based Och-Ziff Capital Management Group LLC recorded a trading volume of 1.24 million shares, which was above their three months average volume of 688,800 shares. The stock finished 2.43% higher at $2.95. The Company's shares have advanced 25.00% in the last one month and 25.53% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 20.56% and 1.95%, respectively. Furthermore, shares of Och-Ziff Capital Management, which provides investment advisory services for its clients, have an RSI of 80.44. Get free access to your research report on OZM at:
http://dailystocktracker.com/registration/?symbol=OZM
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