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TheStreet Wire

Legg Mason Rises On Unusually High Volume (LM)

By TheStreet Wire 01/22/13 - 04:24 PM EST

Find out if (LM) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Legg Mason (NYSE:LM) is trading at unusually high volume Tuesday with 3.6 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up 59 cents (+2.1%) at $28.08 as of 3:59 p.m. ET.

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Legg Mason has a market cap of $3.62 billion and is part of the financial sector and financial services industry. Shares are up 6.9% year to date as of the close of trading on Friday.

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. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Legg Mason as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Legg Mason Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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