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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

30.70USD
18 Sep 2018
Change (% chg)

$-0.01 (-0.03%)
Prev Close
$30.71
Open
$30.83
Day's High
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Day's Low
$30.52
Volume
139,011
Avg. Vol
209,392
52-wk High
$47.10
52-wk Low
$29.54

Latest Key Developments (Source: Significant Developments)

Legg Mason Reports Q3 Net Income $1.58 Per Diluted Share‍​
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Legg Mason Inc ::THIRD QUARTER NET INCOME OF $149.2 MILLION, OR $1.58 PER DILUTED SHARE‍​.ASSETS UNDER MANAGEMENT WERE $767.2 BILLION AT DECEMBER 31, 2017 COMPARED WITH $754.4 BILLION AT SEPTEMBER 30, 2017.QTRLY NET INCOME INCLUDED TAX BENEFIT OF $213.7 MILLION, OR $2.27 PER DILUTED SHARE RELATED TO THE NEW TAX LAW‍​.QTRLY NET INCOME INCLUDED NON-CASH IMPAIRMENT CHARGE OF $195.0 MILLION, OR $1.62 PER DILUTED SHARE.QTRLY OPERATING REVENUES $793.1 ‍​MILLION VERSUS $715.2 MILLION.Q3 EARNINGS PER SHARE VIEW $1.36, REVENUE VIEW $769.3 MILLION -- THOMSON REUTERS I/B/E/S.  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 reports second fiscal quarter results
Friday, 28 Oct 2016 

Legg Mason Inc : Qtrly assets under management of $733 billion . Board of directors has declared a quarterly cash dividend on its common stock in amount of $0.22 per share . Legg Mason reports second fiscal quarter results . Q2 earnings per share $0.63 . Q2 revenue rose 11 percent to $748.4 million .Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.  Full Article

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Legg Mason to pay $34 million to resolve charges related to bribery scheme: SEC

WASHINGTON The U.S. Securities and Exchange Commission said on Monday that Legg Mason will pay more than $34 million to resolve a charge it violated the Foreign Corrupt Practices Act in bribing Libyan officials to secure investments.