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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
- 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]
- 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]
- Thursday, January 10, 12:40 PM Legg Mason (LM +5.7%) pops on a report it's been approached by some senior managers and P-E firms about a buyout. The board turned away the feelers at least until the company has a new CEO, according to sources. Privatizing the company is easier said then done thanks to the high level of firm debt compared to industry peers. Comment! [Financials, M&A, On the Move]
- Tuesday, September 11, 2012, 11:59 AM Investors cheer the departure of CEO Mark Fetting from Legg Mason (LM +5.6%) amid indications he was given a push through the door. Taking over in January 2008, Fetting was effective at cutting costs, but it is felt different leadership is needed as the company turns its focus to growth, according to CFO Pete Nachtwey. Comment! [Financials, On the Move]
- Friday, July 27, 2012, 12:48 PM Shares of Legg Mason (LM -2%) swing lower after the company missed FQ1 estimates this morning. The asset manager posted double-digit revenue declines amid a smaller pool of assets under management and continued outflows of investor cash. The company has struggled with a dwindling asset base due to poor performance, having not seen any net inflows of investor funds since 2007. Comment! [Financials, Earnings, On the Move]
- Wednesday, May 16, 2012, 12:01 PM Legg Mason (LM) plans to buy back $1.25B of convertible senior notes that KKR (KKR +0.4%) purchased in 2008. Legg Mason will take non-cash charge of $70M-$80M in FQ1 for the early extinguishment of the notes. The company also intends to repurchase $1B in shares. Shares +11.3%. (PR) Comment! [Financials, On the Move]
- Tuesday, February 7, 2012, 10:04 AM The SEC soon will unveil a plan to stabilize money market funds, WSJ reports, requiring fund firms to set aside capital in reserve and placing restrictions on investors who wish to withdraw all their money at one time. Fund industry execs say the new rules could hurt returns and limit their ability to lend to corporations. FII -5.8%, SCHW -3.4%, LM -2.2%. 4 Comments [Financials, On the Move]
- Thursday, October 13, 2011, 12:38 PM Macquarie adds to the drubbing in financials today after it downgrades a number of asset managers on a combination of deteriorating fundamentals and relative valuation: Legg Mason (LM -6.1%) is cut to Neutral, and Affiliated Managers (AMG -5.1%) and Pzena (PZN -6.6%) are both reduced to Underperform. Comment! [Financials, On the Move]
- Tuesday, October 11, 2011, 3:51 PM Sterne Agee cuts 2012 profit estimates and ratings for some publicly traded asset managers due to market weakness and a much more challenging net flow environment in August than previously anticipated: Legg Mason (LM -0.7%) and Federated Investors (FII -2.26%) are both reduced to underperform (I, II). Comment! [Financials, On the Move]
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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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