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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

33.73USD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Legg Mason Reports Q3 Loss Per Share Of $2.55
Monday, 4 Feb 2019 04:15pm EST 

Feb 4 (Reuters) - Legg Mason Inc ::LEGG MASON REPORTS RESULTS FOR THIRD FISCAL QUARTER.Q3 LOSS PER SHARE $2.55.Q3 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.Q3 REVENUE FELL 11 PERCENT TO $704.3 MILLION.ASSETS UNDER MANAGEMENT WERE $727.2 BILLION AT DECEMBER 31, 2018 COMPARED WITH $755.4 BILLION AT SEPTEMBER 30, 2018.QTRLY RESULTS INCLUDED NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGES OF $365.2 MILLION, OR $3.11 PER DILUTED SHARE.  Full Article

Legg Mason Reports Q3 Net Income $1.58 Per Diluted Share‍​
Wednesday, 24 Jan 2018 04:27pm EST 

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 04:51pm EST 

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 12:55pm EST 

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 04:01pm EDT 

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

UPDATE 1-ETFs that don’t disclose holdings daily set for SEC nod

NEW YORK, April 8 Market regulators are poised to approve trading of a new kind of product that could bring more stockpickers to U.S. exchange-traded funds, according to a filing on Monday.