10/31/14 LM 52.00 Legg Mason Inc $LM Hit a 52 week high of 52.88 Closing the day 10/31/14 at 52.00 +0.04 +0.08% With a day low of 51.15 and a total volume of 3,571,200.
LM Recent Posts: http://investorshangout.com/Legg-Mason-LM-51690/
LM Legg Mason Inc Recent Headline News
Legg Mason (LM) Earnings Report: Q2 2015 Conference Call Transcript
at The Street - Sat Nov 01, 12:09PM CDT
The following Legg Mason (LM) conference call took place on October 31, 2014, 08:00 AM ET. This is a transcript of that earnings call:
LM: 52.00 (+0.04)
Legg Mason Fiscal Q2 Earnings Beat on Higher Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 31, 3:00PM CDT
Driven by higher revenues, Legg Mason Inc.'s (LM) fiscal second-quarter 2015 adjusted earnings came in at 35 cents per share, beating the Zacks Consensus Estimate of 33 cents
BX: 30.12 (+0.36), BLK: 341.11 (+7.88), LM: 52.00 (+0.04), WDR: 47.74 (+0.51)
Legg Mason tops 2Q profit forecasts
Automated Insights - Fri Oct 31, 6:03AM CDT
BALTIMORE (AP) _ Legg Mason Inc. (LM) on Friday reported fiscal second-quarter earnings of $4.9 million.
LM: 52.00 (+0.04)
Legg Mason Reports Results for Second Fiscal Quarter 2015
PR Newswire - Fri Oct 31, 5:58AM CDT
Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2014. The Company reported net income1 of $4.9 million, or $0.04 per diluted share, as compared with net income of $72.2 million, or $0.61 per diluted share, in the previous quarter, and net income of $86.3 million, or $0.70 per diluted share, in the second quarter of fiscal 2014. In the quarter, Legg Mason completed a debt refinancing that resulted in a $107.1 million charge, or $0.59 per diluted share. Adjusted income2 for the second quarter was $40.6 million, or $0.35 per diluted share, as compared to $107.2 million, or $0.91 per diluted share, in the previous quarter and $104.5 million, or $0.85 per diluted share, in the second quarter of fiscal 2014. For the quarter, operating revenues were $703.9 million, up 1% from $693.9 million in the prior quarter, and up 5% from $669.9 million in the second quarter of fiscal 2014. Operating expenses were $573.5 million, relatively flat compared to $574.4 million in the prior quarter and up 2% from $563.5 million in the second quarter of fiscal 2014.
LM: 52.00 (+0.04)
Legg Mason BW Global Income Opportunities Fund Inc. Portfolio Composition as of September 30, 2014
Business Wire - Thu Oct 30, 8:01AM CDT
Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) announces its portfolio composition as of September 30, 2014.
LM: 52.00 (+0.04), BWG: 17.32 (+0.01)
Fixed Income Opportunities Highlighted By Selected High Yield Sectors
PR Newswire - Wed Oct 29, 8:00AM CDT
Fixed-income markets remain volatile: Europe is challenged, Brazil might struggle, and China is dealing with a potential property bubble. Opportunities nonetheless remain rife for savvy investors, particularly in the high-yield markets. Western Asset believes high-yield should be a key component of any successfully diversified bond portfolio.
LM: 52.00 (+0.04)
R. Jay Gerken Joins Associated Board
PR Newswire - Tue Oct 28, 3:05PM CDT
Associated Banc-Corp (NASDAQ:ASBC) today announced that R. Jay Gerken has been appointed to Associated's Board of Directors.
LM: 52.00 (+0.04), ASBC: 18.80 (+0.12)
Legg Mason Names Joseph A. Sullivan Chairman
PR Newswire - Tue Oct 28, 7:30AM CDT
The Board of Directors of Legg Mason, Inc. (NYSE: LM) announced that Joseph A. Sullivan, President and Chief Executive Officer, was elected Chairman of the Board of Directors, effective immediately. He succeeds Dennis M. Kass, who has been Chairman of the Board since July, 2013. Mr. Kass, remains a member of the Board and will continue to serve on the Nominating and Corporate Governance, Compensation and Finance Committees. The Board also announced today that it has elected John V. Murphy as Lead Independent Director.
LM: 52.00 (+0.04)
Franklin Fiscal Q4 Earnings Beat Estimates on High Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Oct 27, 8:44AM CDT
Driven by strong revenues, Franklin Resources Inc.'s (BEN) fiscal fourth-quarter 2014 earnings of $1.02 per share significantly beat the Zacks Consensus Estimate of 92 cents.
LAZ: 49.21 (+0.38), JNS: 14.99 (+0.32), LM: 52.00 (+0.04), BEN: 55.61 (+0.82)
Janus Capital Reports In-Line Q3 Earnings, Shares up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 24, 9:45AM CDT
Shares of global investment firm Janus Capital Group, Inc. (JNS) were up 1.4% following the release of its third-quarter 2014 results on Oct 23, before the market opened
IVZ: 40.47 (+0.79), JNS: 14.99 (+0.32), AMP: 126.17 (+2.06), LM: 52.00 (+0.04)
Western Asset CIO Advocates For Unconstrained Fixed Income Investing
PR Newswire - Thu Oct 23, 9:00AM CDT
Ken Leech, the renowned Chief Investment Officer of Legg Mason affiliate Western Asset Management, believes fixed income investors should be as active in asking questions as asset managers must be in navigating unexpected swings in the global financial markets. He discussed his views at a recent investor conference hosted by Legg Mason.
LM: 52.00 (+0.04)
T. Rowe Price Q3 Earnings Lag on Higher Expenses, Up Y/Y - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Oct 23, 7:45AM CDT
T. Rowe Price Group, Inc. (TROW) reported its third-quarter 2014 net income of $1.12 per share, lagging the Zacks Consensus Estimate by 3 cents. However, this compared favorably with the year-ago earnings of $1.00 per share.
TROW: 82.09 (+1.23), IVZ: 40.47 (+0.79), AMP: 126.17 (+2.06), LM: 52.00 (+0.04)
ClearBridge Investments Co-CIO Sees Opportunity In Recent Market Volatility
PR Newswire - Wed Oct 22, 9:00AM CDT
A U.S. equity market that had proven resilient to headline risk for most of the year has become much more sensitive to negative news over the last month. Volatility has returned to stocks since large cap indices touched all-time highs in September. Scott Glasser, Co-CIO of ClearBridge Investments, believes this creates opportunity for fundamental investors.
LM: 52.00 (+0.04)
Chuck Royce Bullish In The Wake Of Recent Market Gyrations
PR Newswire - Wed Oct 22, 8:00AM CDT
In an investor forum held by Legg Mason the day after the U.S. stock market's most recent "correction," one of the leading equity experts with Legg Mason's investment subsidiaries advised against panic - to stay the course, and seize upon buying opportunities created by anxiety.
LM: 52.00 (+0.04)
Buy These 5 Financial Sector Breakout Stocks in October
at The Street - Tue Oct 21, 10:59AM CDT
Better-than-expected results among financial stocks are helping to propel this sector's outperformance even higher in the second half of the month.
AGII: 55.80 (+1.22), C: 53.53 (+0.38), LM: 52.00 (+0.04), BAP: 161.00 (+3.46)
Western Asset Portfolio Manager Sees Opportunity Even As Fed Begins Raising Rates
PR Newswire - Mon Oct 20, 8:00AM CDT
Market watchers have come to believe the U.S. Federal Reserve Bank will soon start the process of raising interest rates. Amid nods in this direction from the Fed, U.S. corporate and emerging market bonds have underperformed over the past few weeks. That signals to some that non-Treasury spread sectors in the fixed-income markets will encounter difficulty in generating excess returns as rates rise.
LM: 52.00 (+0.04)
Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2014
Business Wire - Mon Oct 20, 7:00AM CDT
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month November 2014.
CEM: 28.00 (+0.14), EMO: 23.68 (+0.12), CBA: 17.63 (-0.04), LM: 52.00 (+0.04), CTR: 22.41 (+0.12)
Legg Mason Hosting Conference Call to Discuss Fiscal Second Quarter 2015 Results
PR Newswire - Fri Oct 17, 9:30AM CDT
Legg Mason, Inc. (NYSE: LM) will announce operating results for its fiscal second quarter 2015 ended September 30, 2014 on Friday, October 31, 2014, in a press release that will be issued at approximately 7:00 a.m. EDT. The press release will also be available on the firm's website at www.leggmason.com.
LM: 52.00 (+0.04)
Brandywine Global CIOs to Investors: Think about long-term vision
PR Newswire - Wed Oct 15, 7:30AM CDT
Investors should be concerned with choosing managers that have a long-term view and an expertise in a certain area. The market is inefficient enough that managers with a longer term view can find opportunities and uncover them with a patience, and expertise that could be difficult for individual investors. Brandywine's job as professional managers is to deal with the stresses and confront a contrarian view, buying when it may be hard and selling when investors may be tempted to ride the run. Brandywine believes that investors should hire managers they can trust, providing an opportunity to benefit in the long-term.
LM: 52.00 (+0.04)
Western CIO to Investors: Think about diversifying fixed income
PR Newswire - Wed Oct 15, 7:30AM CDT
Ken Leech the CIO of Western Asset thinks the real opportunity exists for people who are willing to do global unconstrained. When someone thinks about the globe, the benefit of global unconstrained investing is that not all business cycles are alike. In the United States the Fed may be starting to raise rates, but that's not necessarily the case all over the world. In other countries, rates are going down, business cycles aren't synchronized, and managers have the opportunity to avoid places where they believe rates are going up. There are also countries around the world that have much higher and potentially more beneficial interest rates that investors can target. It shouldn't be the entirety of one's portfolio, but for investors who have the willingness to think about an opportunity set that's a little different than just a straight US fixed income approach, Leech thinks that might be a reasonable addition to the portfolio.
LM: 52.00 (+0.04)
LM Recent Posts: http://investorshangout.com/Legg-Mason-LM-51690/
LM Legg Mason Inc Recent Headline News
Legg Mason (LM) Earnings Report: Q2 2015 Conference Call Transcript
at The Street - Sat Nov 01, 12:09PM CDT
The following Legg Mason (LM) conference call took place on October 31, 2014, 08:00 AM ET. This is a transcript of that earnings call:
LM: 52.00 (+0.04)
Legg Mason Fiscal Q2 Earnings Beat on Higher Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 31, 3:00PM CDT
Driven by higher revenues, Legg Mason Inc.'s (LM) fiscal second-quarter 2015 adjusted earnings came in at 35 cents per share, beating the Zacks Consensus Estimate of 33 cents
BX: 30.12 (+0.36), BLK: 341.11 (+7.88), LM: 52.00 (+0.04), WDR: 47.74 (+0.51)
Legg Mason tops 2Q profit forecasts
Automated Insights - Fri Oct 31, 6:03AM CDT
BALTIMORE (AP) _ Legg Mason Inc. (LM) on Friday reported fiscal second-quarter earnings of $4.9 million.
LM: 52.00 (+0.04)
Legg Mason Reports Results for Second Fiscal Quarter 2015
PR Newswire - Fri Oct 31, 5:58AM CDT
Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2014. The Company reported net income1 of $4.9 million, or $0.04 per diluted share, as compared with net income of $72.2 million, or $0.61 per diluted share, in the previous quarter, and net income of $86.3 million, or $0.70 per diluted share, in the second quarter of fiscal 2014. In the quarter, Legg Mason completed a debt refinancing that resulted in a $107.1 million charge, or $0.59 per diluted share. Adjusted income2 for the second quarter was $40.6 million, or $0.35 per diluted share, as compared to $107.2 million, or $0.91 per diluted share, in the previous quarter and $104.5 million, or $0.85 per diluted share, in the second quarter of fiscal 2014. For the quarter, operating revenues were $703.9 million, up 1% from $693.9 million in the prior quarter, and up 5% from $669.9 million in the second quarter of fiscal 2014. Operating expenses were $573.5 million, relatively flat compared to $574.4 million in the prior quarter and up 2% from $563.5 million in the second quarter of fiscal 2014.
LM: 52.00 (+0.04)
Legg Mason BW Global Income Opportunities Fund Inc. Portfolio Composition as of September 30, 2014
Business Wire - Thu Oct 30, 8:01AM CDT
Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) announces its portfolio composition as of September 30, 2014.
LM: 52.00 (+0.04), BWG: 17.32 (+0.01)
Fixed Income Opportunities Highlighted By Selected High Yield Sectors
PR Newswire - Wed Oct 29, 8:00AM CDT
Fixed-income markets remain volatile: Europe is challenged, Brazil might struggle, and China is dealing with a potential property bubble. Opportunities nonetheless remain rife for savvy investors, particularly in the high-yield markets. Western Asset believes high-yield should be a key component of any successfully diversified bond portfolio.
LM: 52.00 (+0.04)
R. Jay Gerken Joins Associated Board
PR Newswire - Tue Oct 28, 3:05PM CDT
Associated Banc-Corp (NASDAQ:ASBC) today announced that R. Jay Gerken has been appointed to Associated's Board of Directors.
LM: 52.00 (+0.04), ASBC: 18.80 (+0.12)
Legg Mason Names Joseph A. Sullivan Chairman
PR Newswire - Tue Oct 28, 7:30AM CDT
The Board of Directors of Legg Mason, Inc. (NYSE: LM) announced that Joseph A. Sullivan, President and Chief Executive Officer, was elected Chairman of the Board of Directors, effective immediately. He succeeds Dennis M. Kass, who has been Chairman of the Board since July, 2013. Mr. Kass, remains a member of the Board and will continue to serve on the Nominating and Corporate Governance, Compensation and Finance Committees. The Board also announced today that it has elected John V. Murphy as Lead Independent Director.
LM: 52.00 (+0.04)
Franklin Fiscal Q4 Earnings Beat Estimates on High Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Oct 27, 8:44AM CDT
Driven by strong revenues, Franklin Resources Inc.'s (BEN) fiscal fourth-quarter 2014 earnings of $1.02 per share significantly beat the Zacks Consensus Estimate of 92 cents.
LAZ: 49.21 (+0.38), JNS: 14.99 (+0.32), LM: 52.00 (+0.04), BEN: 55.61 (+0.82)
Janus Capital Reports In-Line Q3 Earnings, Shares up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Oct 24, 9:45AM CDT
Shares of global investment firm Janus Capital Group, Inc. (JNS) were up 1.4% following the release of its third-quarter 2014 results on Oct 23, before the market opened
IVZ: 40.47 (+0.79), JNS: 14.99 (+0.32), AMP: 126.17 (+2.06), LM: 52.00 (+0.04)
Western Asset CIO Advocates For Unconstrained Fixed Income Investing
PR Newswire - Thu Oct 23, 9:00AM CDT
Ken Leech, the renowned Chief Investment Officer of Legg Mason affiliate Western Asset Management, believes fixed income investors should be as active in asking questions as asset managers must be in navigating unexpected swings in the global financial markets. He discussed his views at a recent investor conference hosted by Legg Mason.
LM: 52.00 (+0.04)
T. Rowe Price Q3 Earnings Lag on Higher Expenses, Up Y/Y - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Oct 23, 7:45AM CDT
T. Rowe Price Group, Inc. (TROW) reported its third-quarter 2014 net income of $1.12 per share, lagging the Zacks Consensus Estimate by 3 cents. However, this compared favorably with the year-ago earnings of $1.00 per share.
TROW: 82.09 (+1.23), IVZ: 40.47 (+0.79), AMP: 126.17 (+2.06), LM: 52.00 (+0.04)
ClearBridge Investments Co-CIO Sees Opportunity In Recent Market Volatility
PR Newswire - Wed Oct 22, 9:00AM CDT
A U.S. equity market that had proven resilient to headline risk for most of the year has become much more sensitive to negative news over the last month. Volatility has returned to stocks since large cap indices touched all-time highs in September. Scott Glasser, Co-CIO of ClearBridge Investments, believes this creates opportunity for fundamental investors.
LM: 52.00 (+0.04)
Chuck Royce Bullish In The Wake Of Recent Market Gyrations
PR Newswire - Wed Oct 22, 8:00AM CDT
In an investor forum held by Legg Mason the day after the U.S. stock market's most recent "correction," one of the leading equity experts with Legg Mason's investment subsidiaries advised against panic - to stay the course, and seize upon buying opportunities created by anxiety.
LM: 52.00 (+0.04)
Buy These 5 Financial Sector Breakout Stocks in October
at The Street - Tue Oct 21, 10:59AM CDT
Better-than-expected results among financial stocks are helping to propel this sector's outperformance even higher in the second half of the month.
AGII: 55.80 (+1.22), C: 53.53 (+0.38), LM: 52.00 (+0.04), BAP: 161.00 (+3.46)
Western Asset Portfolio Manager Sees Opportunity Even As Fed Begins Raising Rates
PR Newswire - Mon Oct 20, 8:00AM CDT
Market watchers have come to believe the U.S. Federal Reserve Bank will soon start the process of raising interest rates. Amid nods in this direction from the Fed, U.S. corporate and emerging market bonds have underperformed over the past few weeks. That signals to some that non-Treasury spread sectors in the fixed-income markets will encounter difficulty in generating excess returns as rates rise.
LM: 52.00 (+0.04)
Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2014
Business Wire - Mon Oct 20, 7:00AM CDT
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month November 2014.
CEM: 28.00 (+0.14), EMO: 23.68 (+0.12), CBA: 17.63 (-0.04), LM: 52.00 (+0.04), CTR: 22.41 (+0.12)
Legg Mason Hosting Conference Call to Discuss Fiscal Second Quarter 2015 Results
PR Newswire - Fri Oct 17, 9:30AM CDT
Legg Mason, Inc. (NYSE: LM) will announce operating results for its fiscal second quarter 2015 ended September 30, 2014 on Friday, October 31, 2014, in a press release that will be issued at approximately 7:00 a.m. EDT. The press release will also be available on the firm's website at www.leggmason.com.
LM: 52.00 (+0.04)
Brandywine Global CIOs to Investors: Think about long-term vision
PR Newswire - Wed Oct 15, 7:30AM CDT
Investors should be concerned with choosing managers that have a long-term view and an expertise in a certain area. The market is inefficient enough that managers with a longer term view can find opportunities and uncover them with a patience, and expertise that could be difficult for individual investors. Brandywine's job as professional managers is to deal with the stresses and confront a contrarian view, buying when it may be hard and selling when investors may be tempted to ride the run. Brandywine believes that investors should hire managers they can trust, providing an opportunity to benefit in the long-term.
LM: 52.00 (+0.04)
Western CIO to Investors: Think about diversifying fixed income
PR Newswire - Wed Oct 15, 7:30AM CDT
Ken Leech the CIO of Western Asset thinks the real opportunity exists for people who are willing to do global unconstrained. When someone thinks about the globe, the benefit of global unconstrained investing is that not all business cycles are alike. In the United States the Fed may be starting to raise rates, but that's not necessarily the case all over the world. In other countries, rates are going down, business cycles aren't synchronized, and managers have the opportunity to avoid places where they believe rates are going up. There are also countries around the world that have much higher and potentially more beneficial interest rates that investors can target. It shouldn't be the entirety of one's portfolio, but for investors who have the willingness to think about an opportunity set that's a little different than just a straight US fixed income approach, Leech thinks that might be a reasonable addition to the portfolio.
LM: 52.00 (+0.04)
