Legg Mason Rises On Unusually High Volume (LM)

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 3.3 million shares changing hands. It is currently at two times its average daily volume and trading up $1.04 (+3.8%) at $28.56 as of 3:35 p.m. ET.

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Legg Mason has a market cap of $3.55 billion and is part of the financial sector and financial services industry. Shares are up 7% 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.

TheStreet Ratings rates Legg Mason as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and 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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