Uptrending Asset Managers - Legg Mason (NYSE:LM), Janus Capital Group (NYSE:JNS), the Blackstone Group L.P. (NYSE:BX)

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Legg Mason, Inc.(NYSE:LM) climbed +2.86% and closed at $29.18 with the total traded volume of 2.31 million shares after unveiling plan to cut the number of funds it offers and offices it operates, but does not expect major cost-cutting like that started in 2010, chief financial officer said.

CFO Pete Nachtwey said at Citigroup US Financial Services Conference that the asset manager plans to issue more details of its continuing business review in coming months. In 2010, Legg Mason initited a series of cost-cutting that saved approximately $140 million annually and decreased the number of employees working for its central corporate organization to 1,000 from a highest level of 1,800.

Its opening price was $28.68 and its shares traded within the range of $28.62-$29.45. This company has earnings per share of -$2.37 with the net profit margin of -12.09% and operating margin of -15.63%. The company now has market cap of about $3.76 billion.

Will LM Continue To Move Higher? Find Out Here

Janus Capital Group Inc (NYSE:JNS) gained +2.61% with the closing price of $9.43. Its founder Thomas Bailey returned to Forbes' list of billionaires this year, at No. 1342 with a net worth estimated at $1 billion. Bailey had the same worth when he last was included in Forbes’ rankings, in 2011. The overall volume in the last trading session was 2.05 million shares. Its fifty two week range was $6.64-$10.18. The total market capitalization remained $1.80 billion.

The stock is ahead its 52 week low with 45.20% and its last month price volatility remained 2.54%. Its beta coefficient was 2.59 with a target price of $8.71. In its share capital, the company has 190.37 million outstanding shares while 183.67 million shares have been floated in market.

It has insider ownership of 21.19% with institutional ownership remained 85.80%. Earnings per share this year fell-28.76% while the five year EPS growth rate was -12.46%.

For How Long JNS’s Gloss will Attract Investors? Find out via this report

The Blackstone Group L.P.(NYSE:BX) added +1.66% and closed at $19.01 in the last trading session with the overall traded volume of 8.21 million shares, more versus the average volume of 5.68 million shares. The company is scheduled to host its first semi-annual debt investor conference call on Thursday, March 7, 2013 at 11:00 am EST. Laurence Tosi, Chief Financial Officer; Kathy Skero, Principal Accounting Officer; and Weston Tucker, Head of Investor Relations, are set to review Blackstone's 2012 results and key credit metrics.

Its 52 weeks high price was $19.69 and suffered lowest price of $11.12 in the same period. BX has market cap of 21.67 billion while its total outstanding shares are 1.14 billion. The stock beta value stands at 2.23 times.The stock has positive year-to-date performance of 24.74% and is trading above its 50 day moving average of +9.89% and 200 day moving average of +32.50%.

For How Long BX will Fight for Profitability? Read This Trend Analysis report

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