Edition:
United Kingdom

Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

38.32USD
8:14pm BST
Change (% chg)

$0.62 (+1.64%)
Prev Close
$37.70
Open
$37.71
Day's High
$38.35
Day's Low
$37.61
Volume
78,516
Avg. Vol
273,677
52-wk High
$38.86
52-wk Low
$23.28

Latest Key Developments (Source: Significant Developments)

Legg Mason For Quarter Ended June 30, 2019 Co Will Provide "Adjusted Earnings Per Diluted Share"
Thursday, 11 Jul 2019 

July 11 (Reuters) - Legg Mason Inc ::LEGG MASON INC - BEGINNING WITH RELEASE OF OPERATING RESULTS FOR QUARTER ENDED JUNE 30, 2019 CO WILL PROVIDE "ADJUSTED EARNINGS PER DILUTED SHARE".  Full Article

ED Garden Steps Down From BNY Mellon Board Of Directors
Monday, 20 May 2019 

May 20 (Reuters) - Bank of New York Mellon Corp ::ED GARDEN STEPS DOWN FROM BNY MELLON BOARD OF DIRECTORS.BANK OF NEW YORK MELLON - ED GARDEN WILL STEP DOWN FROM BOARD OF DIRECTORS IN LIGHT OF HIS NEW ROLE AS A MEMBER OF BOARD OF DIRECTORS OF LEGG MASON.BANK OF NEW YORK MELLON CORP - GARDEN'S RESIGNATION WILL BE EFFECTIVE JUNE 10, 2019.  Full Article

Legg Mason Appoints Nelson Peltz And ED Garden Of Trian Partners To Board Of Directors
Monday, 20 May 2019 

May 20 (Reuters) - Legg Mason Inc ::LEGG MASON APPOINTS NELSON PELTZ AND ED GARDEN OF TRIAN PARTNERS TO BOARD OF DIRECTORS.LEGG MASON INC - TWO ADDITIONAL INDEPENDENT DIRECTORS TO BE ADDED AS PART OF ONGOING BOARD REFRESHMENT.LEGG MASON INC - TRIAN TO IDENTIFY ONE ADDITIONAL INDEPENDENT DIRECTOR, TO BE APPROVED BY BOARD, WHO WILL BE ADDED AT ANNUAL MEETING.LEGG MASON INC - ANNOUNCED TODAY THAT IT HAS INCREASED SIZE OF ITS BOARD OF DIRECTORS FROM 10 TO 12 MEMBERS.LEGG MASON INC - TRIAN PARTNERS CURRENTLY BENEFICIALLY OWNS APPROXIMATELY 4.5% OF LEGG MASON'S OUTSTANDING COMMON STOCK..  Full Article

Legg Mason Reports Q4 Earnings Per Share $0.56
Monday, 13 May 2019 

May 13 (Reuters) - Legg Mason Inc ::LEGG MASON REPORTS RESULTS FOR FOURTH FISCAL QUARTER AND FISCAL YEAR-ENDED 2019.Q4 EARNINGS PER SHARE $0.56.Q4 EARNINGS PER SHARE ESTIMATE $0.54 -- REFINITIV IBES DATA.Q4 REVENUE FELL 12 PERCENT TO $692.6 MILLION.ASSETS UNDER MANAGEMENT OF $758.0 BILLION AT QUARTER-END.QUARTERLY DIVIDEND INCREASED BY 18% TO $0.40 PER SHARE.ASSETS UNDER MANAGEMENT WERE $758.0 BILLION AT MARCH 31, 2019 COMPARED WITH $727.2 BILLION AT DECEMBER 31, 2018.STRATEGIC RESTRUCTURING AND AFFILIATE CHARGES OF $18.6 MILLION, OR $0.14 PER DILUTED SHARE IN QUARTER.AT MARCH 31, 2019, LEGG MASON'S CASH POSITION WAS $921.1 MILLION.  Full Article

Legg Mason Reports Q3 Loss Per Share Of $2.55
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Legg Mason Inc ::LEGG MASON REPORTS RESULTS FOR THIRD FISCAL QUARTER.Q3 LOSS PER SHARE $2.55.Q3 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.Q3 REVENUE FELL 11 PERCENT TO $704.3 MILLION.ASSETS UNDER MANAGEMENT WERE $727.2 BILLION AT DECEMBER 31, 2018 COMPARED WITH $755.4 BILLION AT SEPTEMBER 30, 2018.QTRLY RESULTS INCLUDED NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGES OF $365.2 MILLION, OR $3.11 PER DILUTED SHARE.  Full Article

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 cuts about 12% of workforce days after naming Trian's Peltz to board

Legg Mason Inc said on Thursday that the mutual fund company is cutting 120 jobs, or about 12% of its corporate workforce, with the step coming only days after the appointment of Trian Fund Management LP's Nelson Peltz and Ed Garden as directors.