Legg Mason Inc (LM) 33.90 $LM
Legg Mason, Inc. Announces Pricing of Junior Subordinated Notes Offering
PR Newswire - Wed Aug 03, 2:05PM CDT
Legg Mason, Inc. (NYSE: LM) ("Legg Mason"
announced today that it priced its underwritten public offering of $500 million of Junior Subordinated Notes due 2056 (the "Junior Subordinated Notes" at a price equal to 100% of par. The offering is expected to close on August 8, 2016, subject to the satisfaction of customary closing conditions.
LM: 33.90 (+0.70)
CORRECTING and REPLACING Legg Mason BW Global Income Opportunities Fund Inc. Commentary Now Available
BusinessWire - Wed Aug 03, 10:07AM CDT
Third paragraph, first sentence hyperlink of release dated Aug. 2, 2016 should read: Legg Mason BW Global Income Opportunities Fund, Inc.
LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
IoT Startup Receives Seed Funding to Battle Firefighter Cancer Rates
PR Newswire - Tue Aug 02, 3:55PM CDT
Vault RMS, the creators of Vault Exposure Tracker, announced today $1.3 million in a seed funding round led by Bill Miller of Legg Mason and San Diego-based Keshif Ventures, with participation from San Francisco-based Right Side Capital. Vault Exposure Tracker is a web-based platform that captures data around the toxic exposures firefighters face every day. The system integrates with 911-dispatch, traditional records systems, wearable devices, heat and chemical sensors, and weather API's. Users can also add objective data about their role at an incident.
LM: 33.90 (+0.70)
Legg Mason Affiliated Closed-End Funds Commentaries Now Available
BusinessWire - Tue Aug 02, 3:45PM CDT
Investment professionals from ClearBridge Investments, LLC ("ClearBridge" , a Legg Mason, Inc. ("Legg Mason" affiliate, provided a quarterly commentary to discuss their views on the current market and provide their outlook. The ClearBridge investment professionals included:
CEM: 15.42 (+0.34), EMO: 12.75 (+0.22), SCD: 13.65 (+0.07), CBA: 8.53 (+0.17), LM: 33.90 (+0.70), CTR: 12.60 (+0.22)
Legg Mason BW Global Income Opportunities Fund Inc. Commentary Now Available
BusinessWire - Tue Aug 02, 3:38PM CDT
The quarterly commentary for the Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) is now available. Gary Herbert and Jack McIntyre of Brandywine Global Investment Management ("Brandywine" discuss the Fund's investment portfolios and market outlook.
LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
Legg Mason BW Global Income Opportunities Fund Inc. Portfolio Composition as of June 30, 2016
BusinessWire - Mon Aug 01, 7:00AM CDT
Legg Mason BW Global Income Opportunities Fund Inc. (NYSE: BWG) announces its portfolio composition as of June 30, 2016.
LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
Bats Welcomes Legg Mason as New Issuer to the Bats ETF Marketplace
BusinessWire - Thu Jul 28, 8:59AM CDT
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI).
LVHI: 24.55 (-0.12), LM: 33.90 (+0.70), BATS: 25.60 (+0.48)
Legg Mason (LM) Q1 Earnings Miss Estimates on High Costs
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 6:51AM CDT
Legg Mason Inc. (LM) reported negative earnings surprise of 57.5% in the first quarter of fiscal 2017 (ended Jun 30). The company reported net income of 31 cents per share considerably missing the Zacks Consensus Estimate of 73 cents.
TROW: 69.10 (+0.10), JNS: 14.76 (+0.18), AMP: 94.81 (+1.81), LM: 33.90 (+0.70)
Legg Mason Reports First Fiscal Quarter Results
PR Newswire - Wed Jul 27, 3:01PM CDT
Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2016. The Company reported net income1 of $33.5 million, or $0.31 per diluted share, as compared to a net loss of $45.3 million, or $0.43 per diluted share, in the previous quarter, and net income of $94.5 million, or $0.84 per diluted share, in the first quarter of fiscal 2016. The current quarter's results included acquisition and transition-related costs of $56.8 million, or $0.37 per diluted share. The prior quarter included acquisition and transition-related costs of $49.1 million, or $0.29 per diluted share, and a compensation charge related to the Royce management equity plan ("MEP" grant of $21.4 million, or $0.13 per diluted share. The current quarter also included a credit of $18.0 million, or $0.17 per diluted share, excluding a partial offset of $0.06 per diluted share for the tax annualization impact, related to the credit for a contingent consideration fair value adjustment, compared to a similar credit of $7.0 million, or $0.07 per diluted share in the prior quarter. The prior quarter included a tax charge of $55.9 million, or $0.53 per diluted share, which reflected the reversal of the fiscal third quarter credit related to impairment charges and other tax rate annualization impacts. The prior year's first quarter included a tax benefit of $18.0 million, or $0.16 per share. For the current quarter, operating revenues were $700.2 million, up 13% from $619.5 million in the prior quarter, and down 1% compared to $708.6 million in the first quarter of fiscal 2016. Operating expenses were $626.6 million, up 7% from $585.6 million in the prior quarter, and up 7% from $584.1 million in the first quarter of fiscal 2016.
LM: 33.90 (+0.70)
WisdomTree Surges after Japan's Election Result: Here's Why
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:36AM CDT
WisdomTree shares have to thank Japanese election results for the unprecedented promise investors see in them supported by a depreciating yen.
BOFI: 16.94 (+1.60), EVER: 18.55 (+0.54), WETF: 9.74 (-0.04), LM: 33.90 (+0.70)
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 22.85 (+0.23), FMBI: 18.67 (+0.25), FBC: 26.53 (+0.25), LM: 33.90 (+0.70)
Legg Mason Announces Acquisition of Financial Guard LLC
PR Newswire - Thu Jul 07, 6:15AM CDT
Legg Mason, Inc. (NYSE: LM) today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. Financial terms of the transaction were not disclosed.
LM: 33.90 (+0.70)
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
BLK: 368.16 (+1.08), BAX: 48.12 (-0.36), IVZ: 29.02 (+0.75), FLR: 52.89 (+0.05), LM: 33.90 (+0.70)
FSB Proposals: Assets Managers May Face Tough Scrutiny
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:54PM CDT
The Financial Stability Board (FSB) proposed 14 recommendations to address the contagion risks, given the structural vulnerabilities in asset management industry.
BLK: 368.16 (+1.08), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Legg Mason Inc. - LM
ACCESSWIRE - Thu Jun 16, 10:54AM CDT
NEW YORK, NY / ACCESSWIRE / June 16, 2016 / Levi & Korsinsky announces it has commenced an investigation of Legg Mason Inc. (NYSE: LM) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/legg-mason-lm or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
LM: 33.90 (+0.70)
Legg Mason's (LM) CEO Package Drops 3.3% in Fiscal 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 7:16AM CDT
Legg Mason Inc.'s (LM) Chief Executive Officer (CEO) Mr. Joseph A. Sullivan's total compensation, including a cash bonus, had been decreased to $10.2 million in fiscal 2016.
SEIC: 45.70 (+0.39), ECC: 16.65 (-0.22), OMAM: 13.59 (+0.12), LM: 33.90 (+0.70)
Western Asset Update on Plan for Money Market Fund Offerings
PR Newswire - Mon Jun 13, 11:09AM CDT
Western Asset Management Company, an investment affiliate of Legg Mason, today announced an update to the preliminary plan for its money market mutual fund product suite's compliance with the U.S. Securities and Exchange Commission (SEC) money market fund reform rules. The initial plans were announced in April 2015, and after further consultation with both investors and distribution partners, the firm can advise the following fund line-up and floating net asset value strike times.
LM: 33.90 (+0.70)
Legg Mason (LM) AUM Improves in May; Inflows Recorded
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:40AM CDT
Baltimore-based Legg Mason Inc. (LM) reported a rise in its assets under management (AUM) as of May 31, 2016, as compared with the prior month. Preliminary month-end AUM came in at $717.8 billion, up 1.5% from Apr 2016.
EFSC: 29.48 (+0.75), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
Invesco's AUM for May Rises on Higher Money Market Assets
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:27AM CDT
Invesco's AUM for May 2016 improved slightly mainly due to higher money market assets and long-term inflows.
SEIC: 45.70 (+0.39), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
Legg Mason, Inc. Announces Pricing of Junior Subordinated Notes Offering
PR Newswire - Wed Aug 03, 2:05PM CDT
Legg Mason, Inc. (NYSE: LM) ("Legg Mason"
announced today that it priced its underwritten public offering of $500 million of Junior Subordinated Notes due 2056 (the "Junior Subordinated Notes" at a price equal to 100% of par. The offering is expected to close on August 8, 2016, subject to the satisfaction of customary closing conditions. LM: 33.90 (+0.70)
CORRECTING and REPLACING Legg Mason BW Global Income Opportunities Fund Inc. Commentary Now Available
BusinessWire - Wed Aug 03, 10:07AM CDT
Third paragraph, first sentence hyperlink of release dated Aug. 2, 2016 should read: Legg Mason BW Global Income Opportunities Fund, Inc.
LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
IoT Startup Receives Seed Funding to Battle Firefighter Cancer Rates
PR Newswire - Tue Aug 02, 3:55PM CDT
Vault RMS, the creators of Vault Exposure Tracker, announced today $1.3 million in a seed funding round led by Bill Miller of Legg Mason and San Diego-based Keshif Ventures, with participation from San Francisco-based Right Side Capital. Vault Exposure Tracker is a web-based platform that captures data around the toxic exposures firefighters face every day. The system integrates with 911-dispatch, traditional records systems, wearable devices, heat and chemical sensors, and weather API's. Users can also add objective data about their role at an incident.
LM: 33.90 (+0.70)
Legg Mason Affiliated Closed-End Funds Commentaries Now Available
BusinessWire - Tue Aug 02, 3:45PM CDT
Investment professionals from ClearBridge Investments, LLC ("ClearBridge"
, a Legg Mason, Inc. ("Legg Mason" affiliate, provided a quarterly commentary to discuss their views on the current market and provide their outlook. The ClearBridge investment professionals included: CEM: 15.42 (+0.34), EMO: 12.75 (+0.22), SCD: 13.65 (+0.07), CBA: 8.53 (+0.17), LM: 33.90 (+0.70), CTR: 12.60 (+0.22)
Legg Mason BW Global Income Opportunities Fund Inc. Commentary Now Available
BusinessWire - Tue Aug 02, 3:38PM CDT
The quarterly commentary for the Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) is now available. Gary Herbert and Jack McIntyre of Brandywine Global Investment Management ("Brandywine"
discuss the Fund's investment portfolios and market outlook. LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
Legg Mason BW Global Income Opportunities Fund Inc. Portfolio Composition as of June 30, 2016
BusinessWire - Mon Aug 01, 7:00AM CDT
Legg Mason BW Global Income Opportunities Fund Inc. (NYSE: BWG) announces its portfolio composition as of June 30, 2016.
LM: 33.90 (+0.70), BWG: 13.49 (+0.07)
Bats Welcomes Legg Mason as New Issuer to the Bats ETF Marketplace
BusinessWire - Thu Jul 28, 8:59AM CDT
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI).
LVHI: 24.55 (-0.12), LM: 33.90 (+0.70), BATS: 25.60 (+0.48)
Legg Mason (LM) Q1 Earnings Miss Estimates on High Costs
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 6:51AM CDT
Legg Mason Inc. (LM) reported negative earnings surprise of 57.5% in the first quarter of fiscal 2017 (ended Jun 30). The company reported net income of 31 cents per share considerably missing the Zacks Consensus Estimate of 73 cents.
TROW: 69.10 (+0.10), JNS: 14.76 (+0.18), AMP: 94.81 (+1.81), LM: 33.90 (+0.70)
Legg Mason Reports First Fiscal Quarter Results
PR Newswire - Wed Jul 27, 3:01PM CDT
Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2016. The Company reported net income1 of $33.5 million, or $0.31 per diluted share, as compared to a net loss of $45.3 million, or $0.43 per diluted share, in the previous quarter, and net income of $94.5 million, or $0.84 per diluted share, in the first quarter of fiscal 2016. The current quarter's results included acquisition and transition-related costs of $56.8 million, or $0.37 per diluted share. The prior quarter included acquisition and transition-related costs of $49.1 million, or $0.29 per diluted share, and a compensation charge related to the Royce management equity plan ("MEP"
grant of $21.4 million, or $0.13 per diluted share. The current quarter also included a credit of $18.0 million, or $0.17 per diluted share, excluding a partial offset of $0.06 per diluted share for the tax annualization impact, related to the credit for a contingent consideration fair value adjustment, compared to a similar credit of $7.0 million, or $0.07 per diluted share in the prior quarter. The prior quarter included a tax charge of $55.9 million, or $0.53 per diluted share, which reflected the reversal of the fiscal third quarter credit related to impairment charges and other tax rate annualization impacts. The prior year's first quarter included a tax benefit of $18.0 million, or $0.16 per share. For the current quarter, operating revenues were $700.2 million, up 13% from $619.5 million in the prior quarter, and down 1% compared to $708.6 million in the first quarter of fiscal 2016. Operating expenses were $626.6 million, up 7% from $585.6 million in the prior quarter, and up 7% from $584.1 million in the first quarter of fiscal 2016. LM: 33.90 (+0.70)
WisdomTree Surges after Japan's Election Result: Here's Why
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:36AM CDT
WisdomTree shares have to thank Japanese election results for the unprecedented promise investors see in them supported by a depreciating yen.
BOFI: 16.94 (+1.60), EVER: 18.55 (+0.54), WETF: 9.74 (-0.04), LM: 33.90 (+0.70)
Legg Mason Acquires 82% Stake in Financial Guard; Stock Up
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 6:39AM CDT
Shares of Legg Mason Inc. (LM) gained 4% since Thursday after it announced its decision to acquire 82% majority stake in Financial Guard LLC, an online Registered Investment Advisor based in Salt Lake City, UT.
HMST: 22.85 (+0.23), FMBI: 18.67 (+0.25), FBC: 26.53 (+0.25), LM: 33.90 (+0.70)
Legg Mason Announces Acquisition of Financial Guard LLC
PR Newswire - Thu Jul 07, 6:15AM CDT
Legg Mason, Inc. (NYSE: LM) today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. Financial terms of the transaction were not disclosed.
LM: 33.90 (+0.70)
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:30AM CDT
Baxter International, Fluor, BlackRock, Legg Mason and Invesco highlighted as Zacks Bull and Bear of the Day
BLK: 368.16 (+1.08), BAX: 48.12 (-0.36), IVZ: 29.02 (+0.75), FLR: 52.89 (+0.05), LM: 33.90 (+0.70)
FSB Proposals: Assets Managers May Face Tough Scrutiny
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:54PM CDT
The Financial Stability Board (FSB) proposed 14 recommendations to address the contagion risks, given the structural vulnerabilities in asset management industry.
BLK: 368.16 (+1.08), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of Legg Mason Inc. - LM
ACCESSWIRE - Thu Jun 16, 10:54AM CDT
NEW YORK, NY / ACCESSWIRE / June 16, 2016 / Levi & Korsinsky announces it has commenced an investigation of Legg Mason Inc. (NYSE: LM) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/legg-mason-lm or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
LM: 33.90 (+0.70)
Legg Mason's (LM) CEO Package Drops 3.3% in Fiscal 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 7:16AM CDT
Legg Mason Inc.'s (LM) Chief Executive Officer (CEO) Mr. Joseph A. Sullivan's total compensation, including a cash bonus, had been decreased to $10.2 million in fiscal 2016.
SEIC: 45.70 (+0.39), ECC: 16.65 (-0.22), OMAM: 13.59 (+0.12), LM: 33.90 (+0.70)
Western Asset Update on Plan for Money Market Fund Offerings
PR Newswire - Mon Jun 13, 11:09AM CDT
Western Asset Management Company, an investment affiliate of Legg Mason, today announced an update to the preliminary plan for its money market mutual fund product suite's compliance with the U.S. Securities and Exchange Commission (SEC) money market fund reform rules. The initial plans were announced in April 2015, and after further consultation with both investors and distribution partners, the firm can advise the following fund line-up and floating net asset value strike times.
LM: 33.90 (+0.70)
Legg Mason (LM) AUM Improves in May; Inflows Recorded
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 7:40AM CDT
Baltimore-based Legg Mason Inc. (LM) reported a rise in its assets under management (AUM) as of May 31, 2016, as compared with the prior month. Preliminary month-end AUM came in at $717.8 billion, up 1.5% from Apr 2016.
EFSC: 29.48 (+0.75), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
Invesco's AUM for May Rises on Higher Money Market Assets
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:27AM CDT
Invesco's AUM for May 2016 improved slightly mainly due to higher money market assets and long-term inflows.
SEIC: 45.70 (+0.39), IVZ: 29.02 (+0.75), LM: 33.90 (+0.70), BEN: 35.64 (+0.57)
