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NEWS & PR
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PR Newswire (May 10, 2013)
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PR Newswire (Apr 30, 2013)
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PR Newswire (Apr 23, 2013)
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PR Newswire (Apr 16, 2013)
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PR Newswire (Apr 10, 2013)
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PR Newswire (Apr 2, 2013)
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PR Newswire (Mar 13, 2013)
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PR Newswire (Mar 12, 2013)
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Legg Mason Earnings PreviewZacks Investment Research • Wed, Jul 27, 2011
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Legg Mason Outshines EstimateZacks Investment Research • Wed, May 12, 2010
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Earnings Preview: Legg MasonTheflyonthewall • Wed, Oct 21, 2009
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Earnings Preview: Legg MasonTheflyonthewall • Mon, Jul 20, 2009
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Earnings Preview: Legg MasonTheflyonthewall • Tue, Oct 28, 2008
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Beware Benchmark ConstraintsDavid Merkel • Fri, Jan 4, 2008
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Billionaire David Einhorn's Year In Small-CapsInsider Monkey • Wed, Feb 13
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4 Large Cap Growth Stocks With Positive MomentumArie Goren • Mon, Oct 22, 2012
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Legg Mason's CEO Discusses Q3 2012 Results - Earnings Call TranscriptFri, Jan 27, 2012
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Legg Mason's CEO Discusses Q2 2012 Results - Earnings Call TranscriptThu, Oct 27, 2011
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Legg Mason's CEO Discusses Q1 2012 Results - Earnings Call TranscriptThu, Jul 28, 2011
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Legg Mason's CEO Discusses Q3 2011 Results - Earnings Call TranscriptWed, Jan 26, 2011
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Legg Mason CEO Discusses F2Q2011 Results - Earnings Call TranscriptWed, Oct 27, 2010
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Legg Mason, Inc. F1Q11 (Qtr End 06/30/10) Earnings Call TranscriptMon, Jul 26, 2010
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Legg Mason, Inc. F4Q10 (Quarter End 03/31/10) Earnings Call TranscriptMon, May 10, 2010 • 1 Comment
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Legg Mason Inc. F3Q10 (Qtr End 12/31/09) Earnings Call TranscriptThu, Jan 21, 2010
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Legg Mason, Inc. F2Q10 (Qtr End 09/30/09) Earnings Call TranscriptThu, Oct 22, 2009
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Legg Mason, Inc. F1Q10 (Qtr End 6/30/00) Earnings Call TranscriptMon, Jul 20, 2009
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Legg Mason, Inc. F4Q09 (Qtr End 3/31/09) Earnings Call TranscriptTue, May 5, 2009
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Legg Mason Inc. F3Q09 (Qtr End 12/31/08) Earnings Call TranscriptWed, Jan 28, 2009
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PR Newswire (May 10, 2013)
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at MarketWatch.com (Apr 30, 2013)
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PR Newswire (Apr 30, 2013)
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PR Newswire (Apr 23, 2013)
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PR Newswire (Apr 16, 2013)
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PR Newswire (Apr 10, 2013)
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PR Newswire (Apr 2, 2013)
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at CNBC.com (Mar 15, 2013)
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PR Newswire (Mar 13, 2013)
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PR Newswire (Mar 12, 2013)
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at CNBC.com (Feb 19, 2013)
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at CNBC.com (Feb 16, 2013)
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at Fox Business (Feb 13, 2013)
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at Fox Business (Feb 13, 2013)
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at CNBC.com (Feb 13, 2013)
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PR Newswire (Feb 13, 2013)
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at CNBC.com (Feb 12, 2013)
LM vs. ETF Alternatives
Company Description
Legg Mason is a global asset management company. Acting through our subsidiaries, we provide investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. We offer these products and services... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 16, 1:28 PM Fund managers like BlackRock (BLK) and Legg Mason (LM) get ahead of what could be a "seismic reallocation of assets" by launching "ultra-short" funds with floating NAVs ahead of new money market regulations. These funds are different than the "ultra-short" funds which ran into trouble in 2008 in that their maturities are even shorter and they can only invest in high-grade debt. Somewhat similar ETF offerings: SHV, MINT, BIL, PVI, GSY, VRD, RAVI. 1 Comment [Financials]
- Tuesday, April 30, 3:24 PM Investors look past the big drop in profits at Legg Mason (LM +0.8%), instead focusing o long-term outflows tumbling 80% (CC slides, pages 3 and 11) from last quarter to the lowest level since 2007. "To be sure, less negative is still negative," says CEO Joe Sullivan on the CC (transcript). "However, the improvement of net flows is meaningful and encouraging." Comment! [Financials]
- Tuesday, April 30, 7:54 AM More on Legg Mason (LM) FQ4 earnings: Adjusted EPS of $0.52 off 41% from a year ago. AUM of $664.6B up 2.4% from Dec. 31, with gain coming from markets going up. Outflows were $1.8B. Operating expenses up 8.4% Y/Y. Conference call at 8 ET. (presentation slides). (PR) Comment! [Financials, Earnings]
- Tuesday, April 30, 7:16 AM Legg Mason (LM): FQ4 EPS of $0.52 beats by $0.06. Revenue of $667.8M beats by $22.11M. (PR) Comment! [Earnings, Breaking News]
- Tuesday, April 30, 12:05 AM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS Comment! [Earnings]
- Monday, April 29, 5:30 PM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS 1 Comment [Earnings]
- Tuesday, April 23, 1:33 PM Legg Mason, Inc. (LM) declares $0.13/share quarterly dividend, 18% increase from prior dividend of $0.11. Forward yield 1.71%. For shareholders of record June 11. Payable July 08. Ex-div date June 07. (PR) Comment! [Dividends]
- Thursday, March 21, 1:06 PM Western Asset Management, the $462B bond unit of Legg Mason (LM), names Kenneth Leech to replace outgoing CIO Stephen Walsh. Western is battling to retain client money even as Walsh has engineered a major positive turnaround in fund performance over the last 5 years. Much of the money that has left was in low-yielding accounts like money-markets. Comment! [Financials]
- Tuesday, March 5, 12:31 PM Stock fund inflows have had a good 2013, but the 12-month totals continue to run highly negative, notes Ryan Detrick. They're minus $130B through February, marking 6 consecutive years of outflows. 3 Comments
- Tuesday, March 5, 12:00 PM Legg Mason (LM +3.1%) pops as CFO Pete Nachtwey tells the Citi Financial Services Conference (presentation) the company could trim the number of funds it offers and its 32 offices. He cautions, however, not to expect a repeat of the major cuts made over the last few years. Comment! [Financials, On the Move]
- Wednesday, February 13, 12:37 PM Legg Mason (LM -1.5%) slides following the appointment of interim CEO Joe Sullivan as CEO. Investors who bought shares thanks to the activism of board member Nelson Peltz may be disappointed with the status quo choice, but, says Citi's Bill Katz, Mr. Sullivan is not without a solid track record in his time as interim head of the company. Comment! [Financials]
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Wednesday, February 13, 5:26 AM
Legg Mason (LM) will reportedly appoint interim CEO Joseph Sullivan to the job permanently, with an announcement expected today. Sullivan has been the acting chief since Mark Fetting quit in October. Legg Mason is also expected to name Jennison Associates Chairman Dennis Kass to the board as it seeks to bring in institutional asset management expertise and stop investor outflows.
Comment! [Financials] - Friday, February 1, 7:38 AM More on Legg Mason (LM) FQ3 earnings: AUM of $648.9B up 3% Y/Y. Client outflows of $7.5B during FQ3 offset by $5.7B in market performance. Adjusted operating margin of 19.8% vs. 21.2% in FQ2. Interim CEO: "We are disappointed with our results this quarter." The CEO search continues. Traders see something they like, shares +4.9% premarket. (PR) Comment! [Financials, Earnings, On the Move]
- Friday, February 1, 7:06 AM Legg Mason (LM): FQ3 EPS of $0.7 misses by $0.13. Revenue of $673.9M misses by $3.55M. (PR) Comment! [Earnings, Breaking News, Financials]
- Friday, February 1, 12:05 AM Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM Comment! [Earnings]
- Thursday, January 31, 5:30 PM Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM Comment! [Earnings]
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Saibus Research
State Street's Management Has Seen The Light With Regard To Its $1.8B Buyback http://seekingalpha.com/a/il7p $STT $DB $LAZ $LM $NTRS - View all 0 replies
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optionMONSTER
Just shy of 12 million option contracts into final hour of power. $AXL, & $LM most interesting here. - View all 0 replies
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David White
Today is a bad day for revenue growth. Th Agriculture co.'s shrunk by often -50% or more. Others such as LM, also did poorly on revenues. - View all 0 replies
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Richard Glenn
Buying a juicy covered call: LM stock, selling NOV 30 calls, net $28.08. - Almost 7% for one month. - View all 0 replies
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