Legg Mason and 2 Stocks Outpacing the S&P 500 Index

The S&P 500 (NYSEARCA:SPY) is down today by 0.50% and stands at 1,286. Here are three better performing stocks.

CA Inc. (NASDAQ:CA): Taconic Capital has revealed that it owns 5.1% of CA and declared that both shareholder returns and profit margins should go to “appropriate levels.” The statement should also have said, “or else…” CA shares recently traded at $21.75, up $0.81, or 3.87%. They have traded in a 52-week range of $18.61 to $25.68. Volume today was 3,293,643 shares versus a 3-month average volume of 3,422,040 shares. The company’s trailing P/E is 12.77, while trailing earnings are $1.70 per share.

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Invesco Ltd. (NYSE:IVZ): Invesco hit its year-low in October, but has rebounded ever since. This is in part because of the improved prospects of the American economy, but also because Invesco is poised to take advantage of rising global investment flows, as they are sufficiently diversified to do so. IVZ shares recently traded at $21.80, up $0.51, or 2.4%. They have traded in a 52-week range of $14.52 to $27.50. Volume today was 3,409,342 shares versus a 3-month average volume of 4,983,980 shares. The company’s trailing P/E is 14.48, while trailing earnings are $1.51 per share.

Legg Mason Inc. (NYSE:LM) announced assets under management rose 1 percent in December compared with November. The company has experienced a long-term downward trend because it put too much faith in both Fannie Mae and Kodak (NYSE:EK). Now may be a good time to ride the wave of a turnaround. LM shares recently traded at $26.01, up $0.47, or 1.84%. They have traded in a 52-week range of $22.61 to $37.82. Volume today was 1,221,754 shares versus a 3-month average volume of 2,122,120 shares. The company’s trailing P/E is 15.86, while trailing earnings are $1.64 per share.

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To contact the reporter on this story: Scott Gillette at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com