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Legg Mason Inc (LM.N)

LM.N on New York Stock Exchange

33.36USD
20 Jul 2018
Change (% chg)

$-0.14 (-0.42%)
Prev Close
$33.50
Open
$33.48
Day's High
$33.57
Day's Low
$33.16
Volume
323,183
Avg. Vol
213,237
52-wk High
$47.10
52-wk Low
$32.93

Latest Key Developments (Source: Significant Developments)

Legg Mason Q4 Earnings Per Share $0.86
Wednesday, 25 Apr 2018 04:15pm EDT 

April 25 (Reuters) - Legg Mason Inc ::LEGG MASON REPORTS RESULTS FOR FOURTH FISCAL QUARTER AND FISCAL YEAR-ENDED 2018.Q4 EARNINGS PER SHARE $0.86.Q4 EARNINGS PER SHARE VIEW $0.71 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE ROSE 9 PERCENT TO $785.1 MILLION.QUARTERLY DIVIDEND INCREASED BY 21% TO $0.34, PER SHARE.ASSETS UNDER MANAGEMENT WERE $754.1 BILLION AT MARCH 31, 2018 COMPARED WITH $767.2 BILLION AT DECEMBER 31, 2017.  Full Article

Legg Mason Sets Quarterly Cash Dividend Of $0.28 Per Share
Wednesday, 31 Jan 2018 04:30pm EST 

Jan 31 (Reuters) - Legg Mason Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.28 PER SHARE.  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

Legg Mason, ‍on June 2, co entered into fourth amendment, waiver to co's unsecured credit agreement, dated as of Dec 29, 2015​
Monday, 5 Jun 2017 06:34am EDT 

June 5 (Reuters) - Legg Mason Inc ::Legg mason - ‍on June 2, co entered into fourth amendment and waiver to company's unsecured credit agreement, dated as of Dec 29, 2015​ - sec filing.Legg Mason Inc - ‍pursuant to amendment lenders made available to company a multi-currency revolving credit facility​.Legg Mason Inc - ‍fourth amendment revises definition of "hedging agreement" in credit Agreement.Legg Mason- ‍amendment amends lien covenant in agreement so borrower is permitted to incur liens in amount not exceeding $200 million at any one time outstanding​.  Full Article

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

MOVES- ANZ, Nomura, RBS, HSBC

July 20 The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.