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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

35.29USD
19 Jun 2018
Change (% chg)

$-0.34 (-0.95%)
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Volume
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$47.10
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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

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

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Legg Mason to pay $64 million to resolve U.S. allegations of Libya bribery scheme

WASHINGTON Asset management firm Legg Mason Inc has entered into a settlement agreement with the U.S. Justice Department and agreed to pay $64.2 million to resolve allegations it violated anti-bribery laws through one of its subsidiaries in Libya, the department said on Monday.