Edition:
United States

Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

37.94USD
24 May 2017
Change (% chg)

$0.01 (+0.03%)
Prev Close
$37.93
Open
$37.81
Day's High
$38.20
Day's Low
$37.79
Volume
161,470
Avg. Vol
361,019
52-wk High
$38.98
52-wk Low
$27.54

Latest Key Developments (Source: Significant Developments)

Legg Mason announces appointments to executive committee
Friday, 5 May 2017 09:00am EDT 

May 5 (Reuters) - Legg Mason Inc :Legg Mason announces appointments to executive committee.Appoints Frances Cashman, John Kenney, Patricia Lattin to executive committee.Has also named Jeff Masom as head of U.S. Sales.  Full Article

Legg Mason reports Q4 earnings per share $0.76
Wednesday, 26 Apr 2017 04:01pm EDT 

April 26 (Reuters) - Legg Mason Inc : :Legg Mason reports results for fourth fiscal quarter and fiscal year-end 2017.Q4 earnings per share $0.76.Q4 revenue rose 17 percent to $723.1 million.Q4 earnings per share view $0.63, revenue view $701.7 million -- Thomson Reuters I/B/E/S.  Full Article

Legg Mason says entered third amendment to unsecured credit agreement, dated Dec 29, 2015 - SEC filing
Friday, 31 Mar 2017 05:25pm EDT 

Legg Mason Inc : Legg Mason Inc - entered into a third amendment to company's unsecured credit agreement, dated as of December 29, 2015 - SEC filing . Legg Mason - third amendment reduces aggregate amount of lenders' commitment to make loans to company under credit agreement from $1 billion to $500 million .Legg Mason - will take non-cash charge of $1.5 million for unamortized financing costs from reduction in lenders' commitment to make loans available to co.  Full Article

Legg Mason reports third fiscal quarter results
Wednesday, 1 Feb 2017 04:01pm EST 

Legg Mason Inc : Legg Mason reports third fiscal quarter results . Q3 earnings per share $0.50 . Q3 revenue rose 8 percent to $715.2 million .Q3 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.  Full Article

Bill Miller to acquire Legg Mason's stake in LMM LLC
Thursday, 11 Aug 2016 07:36am EDT 

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 08:00am EDT 

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 03:05pm EDT 

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 08:00am EDT 

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

Legg Mason says May preliminary AUM $717.8 billion
Friday, 10 Jun 2016 08:00am EDT 

Legg Mason Inc : Reported preliminary assets under management of $717.8 billion as of May 31, 2016. .Legg Mason reports assets under management and flows for May 2016.  Full Article

Legg Mason Inc announces pricing of senior notes offering
Thursday, 17 Mar 2016 05:06pm EDT 

Legg Mason Inc:Priced its underwritten public offering of $450.0 million of Senior Notes due 2026 at a price equal to 99.954% of par.Offering is expected to close on March 22.Mason plans to use net proceeds to finance the purchase prices for the previously announced acquisitions of Clarion Partners and EnTrust Capital and to pay fees and expenses related to these acquisitions.  Full Article

More From Around the Web

BRIEF-Sandstorm Gold - receipt of 10.76 mln common shares, 205,792 warrants of Mason Resources

* Sandstorm Gold Ltd - receipt of 10.76 million common shares and 205,792 warrants of Mason Resources Corp