LM 54.23 Legg Mason Inc $LM Hit a 52 week high of 54.95 Currently at 54.23 -0.22 -0.40% With a day low of 54.01 and a total volume of 1,459,000.
LM Legg Mason Inc Recent Headline News
Legg Mason Announces Joseph A. Sullivan, Chairman & CEO, To Present At Bank of America Merrill Lynch 2014 Banking & Financial Services Conference
PR Newswire - Thu Nov 06, 10:00AM CST
Legg Mason, Inc. (NYSE: LM) today announced that Joseph A. Sullivan, Chairman & CEO is scheduled to speak at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference taking place at The Pierre hotel in New York on Thursday, November 13, 2014 at approximately 9:40 a.m. E.S.T.
LM: 54.23 (-0.22)
Legg Mason Launches BW Dynamic Large Cap Value Mutual Fund (LMBGX Class IS)
Business Wire - Thu Nov 06, 8:45AM CST
Legg Mason announced today the launch of a new mutual fund, the Legg Mason BW Dynamic Large Cap Value Fund ("LMBGX" or the "Fund"
, which will be sub-advised by Brandywine Global Investment Management, LLC's Diversified Value Equity team. The Fund's broad objective is to provide long-term capital appreciation by quantitatively investing in U.S. equities. The Fund and its underlying strategy have a quantitative focus driven by three key factors: valuation, quality and sentiment. The proprietary blend is used to identify stocks that have the potential to deliver the strategy's innovative, dynamic shifting tool, which is unique in the marketplace. The tool adjusts the portfolio to favor deeper value stocks when the model indicates that valuation dispersion has peaked and begun to narrow. On the contrary, when valuation dispersion has troughed, the tool shifts the portfolio closer to the index's valuation. This proprietary blend of quantitative selection and dynamic shifting seeks to both mitigate downside volatility and potentially enhance long-term returns.
LM: 54.23 (-0.22)
Legg Mason and ClearBridge Announce Conference Call to Discuss ClearBridge Energy MLP Funds
Business Wire - Thu Nov 06, 8:00AM CST
Legg Mason and ClearBridge Investments, LLC ("ClearBridge" will hold a live conference call to provide an update on the energy master limited partnership ("MLP" market. ClearBridge portfolio managers Michael Clarfeld will discuss the Funds' investment portfolios, give an update on the MLP sector and outlook, and hold a question and answer session.
CEM: 27.79 (+0.39), EMO: 23.89 (+0.40), CBA: 17.91 (+0.36), LM: 54.23 (-0.22), CTR: 22.50 (+0.34)
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: 54.23 (-0.22)
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: 31.14 (+0.84), BLK: 351.48 (+3.85), LM: 54.23 (-0.22), WDR: 48.52 (+0.46)
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: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 54.23 (-0.22), BWG: 17.14 (-0.08)
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: 54.23 (-0.22)
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: 54.23 (-0.22), ASBC: 19.02 (+0.03)
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: 54.23 (-0.22)
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: 49.30 (-0.73), JNS: 15.31 (+0.54), LM: 54.23 (-0.22), BEN: 56.98 (+0.67)
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: 41.28 (+0.33), JNS: 15.31 (+0.54), AMP: 129.05 (+0.16), LM: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 83.23 (+0.78), IVZ: 41.28 (+0.33), AMP: 129.05 (+0.16), LM: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 55.39 (-0.21), C: 53.75 (-0.24), LM: 54.23 (-0.22), BAP: 162.18 (+0.11)
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: 54.23 (-0.22)
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: 27.79 (+0.39), EMO: 23.89 (+0.40), CBA: 17.91 (+0.36), LM: 54.23 (-0.22), CTR: 22.50 (+0.34)
LM Legg Mason Inc Recent Headline News
Legg Mason Announces Joseph A. Sullivan, Chairman & CEO, To Present At Bank of America Merrill Lynch 2014 Banking & Financial Services Conference
PR Newswire - Thu Nov 06, 10:00AM CST
Legg Mason, Inc. (NYSE: LM) today announced that Joseph A. Sullivan, Chairman & CEO is scheduled to speak at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference taking place at The Pierre hotel in New York on Thursday, November 13, 2014 at approximately 9:40 a.m. E.S.T.
LM: 54.23 (-0.22)
Legg Mason Launches BW Dynamic Large Cap Value Mutual Fund (LMBGX Class IS)
Business Wire - Thu Nov 06, 8:45AM CST
Legg Mason announced today the launch of a new mutual fund, the Legg Mason BW Dynamic Large Cap Value Fund ("LMBGX" or the "Fund"
, which will be sub-advised by Brandywine Global Investment Management, LLC's Diversified Value Equity team. The Fund's broad objective is to provide long-term capital appreciation by quantitatively investing in U.S. equities. The Fund and its underlying strategy have a quantitative focus driven by three key factors: valuation, quality and sentiment. The proprietary blend is used to identify stocks that have the potential to deliver the strategy's innovative, dynamic shifting tool, which is unique in the marketplace. The tool adjusts the portfolio to favor deeper value stocks when the model indicates that valuation dispersion has peaked and begun to narrow. On the contrary, when valuation dispersion has troughed, the tool shifts the portfolio closer to the index's valuation. This proprietary blend of quantitative selection and dynamic shifting seeks to both mitigate downside volatility and potentially enhance long-term returns. LM: 54.23 (-0.22)
Legg Mason and ClearBridge Announce Conference Call to Discuss ClearBridge Energy MLP Funds
Business Wire - Thu Nov 06, 8:00AM CST
Legg Mason and ClearBridge Investments, LLC ("ClearBridge"
will hold a live conference call to provide an update on the energy master limited partnership ("MLP" market. ClearBridge portfolio managers Michael Clarfeld will discuss the Funds' investment portfolios, give an update on the MLP sector and outlook, and hold a question and answer session. CEM: 27.79 (+0.39), EMO: 23.89 (+0.40), CBA: 17.91 (+0.36), LM: 54.23 (-0.22), CTR: 22.50 (+0.34)
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: 54.23 (-0.22)
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: 31.14 (+0.84), BLK: 351.48 (+3.85), LM: 54.23 (-0.22), WDR: 48.52 (+0.46)
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: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 54.23 (-0.22), BWG: 17.14 (-0.08)
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: 54.23 (-0.22)
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: 54.23 (-0.22), ASBC: 19.02 (+0.03)
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: 54.23 (-0.22)
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: 49.30 (-0.73), JNS: 15.31 (+0.54), LM: 54.23 (-0.22), BEN: 56.98 (+0.67)
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: 41.28 (+0.33), JNS: 15.31 (+0.54), AMP: 129.05 (+0.16), LM: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 83.23 (+0.78), IVZ: 41.28 (+0.33), AMP: 129.05 (+0.16), LM: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 54.23 (-0.22)
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: 55.39 (-0.21), C: 53.75 (-0.24), LM: 54.23 (-0.22), BAP: 162.18 (+0.11)
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: 54.23 (-0.22)
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: 27.79 (+0.39), EMO: 23.89 (+0.40), CBA: 17.91 (+0.36), LM: 54.23 (-0.22), CTR: 22.50 (+0.34)
