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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

43.74USD
12 Jan 2018
Change (% chg)

$0.92 (+2.15%)
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$42.82
Open
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Volume
204,063
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249,376
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$43.75
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Latest Key Developments (Source: Significant Developments)

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

Bill Miller to acquire Legg Mason's stake in LMM LLC
Thursday, 11 Aug 2016 

Legg Mason Inc : Bill Miller to acquire Legg Mason's stake in LMM LLC . Miller, together with companies he controls, will own 100 percent of LMM . Terms of transaction were not disclosed .There will be no changes to investment team or portfolio management responsibilities as a result of transaction.  Full Article

Legg Mason reports assets under management and flows for July
Wednesday, 10 Aug 2016 

Legg Mason Inc : Legg Mason reports assets under management and flows for July 2016 . July AUM included longterm outflows of $0.5 billion, driven by alternative of $1.1 billion, equity of $0.8 billion, offset by fixed income inflows of $1.4 billion . Preliminary assets under management of approximately $756.6 billion as of July 31, 2016 .July liquidity inflows were $2 billion and July AUM included a positive foreign exchange impact of $0.8 billion.  Full Article

Legg Mason priced $500 mln of Junior Subordinated notes due 2056 at a price equal to 100 pct of par
Wednesday, 3 Aug 2016 

Legg Mason Inc : Legg Mason Inc announces pricing of junior subordinated notes offering . Legg Mason Inc says priced its underwritten public offering of $500 million of junior subordinated notes due 2056 at a price equal to 100% of par .Says junior subordinated notes will bear interest at a fixed rate of 5.45% per year.  Full Article

Legg Mason reports preliminary AUM of $741.9 bln for June
Wednesday, 13 Jul 2016 

Legg Mason Inc : Legg Mason reports assets under management and flows for June 2016 . Reported preliminary assets under management of $741.9 billion as of June 30, 2016. . Month's AUM included long-term inflows of $0.6 billion, driven by fixed income inflows of approximately $2.0 billion .June month's AUM included a positive foreign exchange impact of approximately $3 billion.  Full Article

Legg Mason says May preliminary AUM $717.8 billion
Friday, 10 Jun 2016 

Legg Mason Inc : Reported preliminary assets under management of $717.8 billion as of May 31, 2016. .Legg Mason reports assets under management and flows for May 2016.  Full Article

Legg Mason Inc announces pricing of senior notes offering
Thursday, 17 Mar 2016 

Legg Mason Inc:Priced its underwritten public offering of $450.0 million of Senior Notes due 2026 at a price equal to 99.954% of par.Offering is expected to close on March 22.Mason plans to use net proceeds to finance the purchase prices for the previously announced acquisitions of Clarion Partners and EnTrust Capital and to pay fees and expenses related to these acquisitions.  Full Article

BRIEF-Legg Mason Reports Assets Under Management And Flows For December

* LEGG MASON REPORTS ASSETS UNDER MANAGEMENT AND FLOWS FOR DECEMBER 2017