|Day's Range||37.17 - 37.94|
|52 Week Range||27.54 - 38.99|
|PE Ratio (TTM)||17.09|
|Dividend & Yield||0.94 (2.48%)|
|1y Target Est||N/A|
Legg Mason Inc (NYSE:LM) files its latest 10-K with SEC for the fiscal year ended on March 31, 2017.
Legg Mason Inc. launched two new funds Tuesday that the asset manager hopes will help give it a leg up on competition from passive funds. Money managers like Legg Mason and T. Rowe Price Group Inc. that put clients' money into actively managed mutual funds are facing stiff competition from companies like Vanguard, which offers passive funds that mirror the market indices. Legg Mason CEO Joseph A. Sullivan told me in an interview last week that passive strategies have become popular because they are cheaper than mutual funds that charge fees that charge fees to pay the portfolio managers.
Legg Mason Inc. is providing $1 million to underwrite the next four years of programming and services at Living Classrooms Foundation's POWER House Community Center in East Baltimore. POWER House, which stands for "providing opportunities to work, expand, and rise," has provided out-of-school programming to children and teenagers since 2012. The center is located in the old firehouse at 317 S. Caroline Street in the Perkins Homes public housing project, just over a half mile away from Legg Mason's Harbor East headquarters.