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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

35.31USD
17 May 2019
Change (% chg)

$-0.60 (-1.67%)
Prev Close
$35.91
Open
$35.49
Day's High
$36.00
Day's Low
$35.04
Volume
494,988
Avg. Vol
285,938
52-wk High
$39.79
52-wk Low
$23.28

Latest Key Developments (Source: Significant Developments)

Legg Mason Sets Quarterly Cash Dividend Of $0.34Per Share
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Legg Mason Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.34PER SHARE.  Full Article

Legg Mason Q4 Earnings Per Share $0.86
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Legg Mason Inc ::LEGG MASON REPORTS RESULTS FOR FOURTH FISCAL QUARTER AND FISCAL YEAR-ENDED 2018.Q4 EARNINGS PER SHARE $0.86.Q4 EARNINGS PER SHARE VIEW $0.71 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE ROSE 9 PERCENT TO $785.1 MILLION.QUARTERLY DIVIDEND INCREASED BY 21% TO $0.34, PER SHARE.ASSETS UNDER MANAGEMENT WERE $754.1 BILLION AT MARCH 31, 2018 COMPARED WITH $767.2 BILLION AT DECEMBER 31, 2017.  Full Article

Legg Mason Sets Quarterly Cash Dividend Of $0.28 Per Share
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Legg Mason Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.28 PER SHARE.  Full Article

Legg Mason Says Determined Carrying Value Of EnTrustPermal Indefinite-Life Fund Contracts Exceeds Fair Value
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Legg Mason Inc ::LEGG MASON - DETERMINED $597 MILLION CARRYING VALUE OF ENTRUSTPERMAL INDEFINITE-LIFE FUND CONTRACTS EXCEEDS FAIR VALUE.LEGG MASON - CARRYING VALUE OF ENTRUSTPERMAL INDEFINITE-LIFE FUND CONTRACTS EXCEEDING FAIR VALUE LEADS TO IMPAIRMENT CHARGE OF ABOUT $195 MILLION.LEGG MASON SAYS CURRENTLY SEES IMPACT OF TAX REFORM TO RESULT IN ONE-TIME NON-CASH TAX BENEFIT OF ABOUT $215 MILLION IN Q3 FISCAL YEAR 2018 - SEC FILING.  Full Article

Legg Mason Announces Repurchase Agreement With Shanda Asset Management
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Legg Mason Inc ::LEGG MASON ANNOUNCES REPURCHASE AGREEMENT WITH SHANDA ASSET MANAGEMENT.LEGG MASON INC - AGREED TO REPURCHASE 5.6 MILLION SHARES OF CO FOR $40.50 PER SHARE IN A PRIVATE TRANSACTION.LEGG MASON - ENTERED AGREEMENT WITH SHANDA ASSET MANAGEMENT INVESTMENT LIMITED TO REPURCHASE 5.6 MILLION SHARES BENEFICIALLY OWNED BY SHANDA.LEGG MASON - UNTIL OCT 2018, WILL APPLY FUNDS THAT WOULD HAVE BEEN ALLOCATED TO SHARE REPURCHASES TO PAY DOWN AMOUNTS DRAWN UNDER REVOLVING CREDIT LINE.  Full Article

Legg Mason reports Q2 earnings $0.78/shr
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Legg Mason Inc :Legg Mason reports results for second fiscal quarter.Q2 earnings per share $0.78.Q2 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Q2 revenue rose 3 percent to $768.3 million.Legg Mason Inc - assets under management were $754.4 billion at September 30, 2017 compared with $741.2 billion at June 30, 2017​.  Full Article

Legg Mason, ‍on June 2, co entered into fourth amendment, waiver to co's unsecured credit agreement, dated as of Dec 29, 2015​
Monday, 5 Jun 2017 

June 5 (Reuters) - Legg Mason Inc ::Legg mason - ‍on June 2, co entered into fourth amendment and waiver to company's unsecured credit agreement, dated as of Dec 29, 2015​ - sec filing.Legg Mason Inc - ‍pursuant to amendment lenders made available to company a multi-currency revolving credit facility​.Legg Mason Inc - ‍fourth amendment revises definition of "hedging agreement" in credit Agreement.Legg Mason- ‍amendment amends lien covenant in agreement so borrower is permitted to incur liens in amount not exceeding $200 million at any one time outstanding​.  Full Article

Peltz's Trian Fund nearing settlement with mutual fund Legg Mason - WSJ

Nelson Peltz's Trian Fund Management LP is nearing a settlement with Legg Mason Inc that will give the activist hedge fund three or four seats on the mutual fund's board and avoid a proxy fight, the Wall Street Journal reported on Friday, citing people familiar with the matter.