LM - Legg Mason, Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.22 (-0.59%)
At close: 4:01PM EDT
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Previous Close37.12
Bid33.51 x 800
Ask37.99 x 1200
Day's Range36.56 - 37.25
52 Week Range23.25 - 38.87
Avg. Volume1,147,552
Market Cap3.156B
Beta (3Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-0.38
Earnings DateJul 23, 2019 - Jul 29, 2019
Forward Dividend & Yield1.36 (4.07%)
Ex-Dividend Date2019-07-01
1y Target Est35.91
Trade prices are not sourced from all markets
  • Reuters6 hours ago

    Legg Mason cuts about 12% of workforce days after naming Trian's Peltz to board

    Legg Mason Inc said on Thursday that the mutual fund company is cutting 120 jobs, or about 12% of its corporate workforce, with the step coming only days after the appointment of Trian Fund Management LP's Nelson Peltz and Ed Garden as directors. Most of the job cuts will be coming from shared services like human resources or finance, a Legg Mason spokeswoman told Reuters. On Monday, Legg Mason had raised the size of its board to 12 members with the appointments of Peltz and Garden.

  • Legg Mason lays off 120 employees, restructures executive team
    American City Business Journals9 hours ago

    Legg Mason lays off 120 employees, restructures executive team

    The moves come just three days after Nelson Peltz, an activist investor known for pushing executives to make changes that improve a company's share price, reached a deal with Legg Mason for three seats on its board.

  • Legg Mason Cuts 12% of Staff in Revamp as Peltz Joins Board
    Bloomberg9 hours ago

    Legg Mason Cuts 12% of Staff in Revamp as Peltz Joins Board

    The cost-cutting steps are “critical to our ongoing growth,” Joseph Sullivan, chief executive officer of the Baltimore-based asset manager, said in a memo to staff Thursday. In recent months, BlackRock Inc., State Street Corp. and AQR Capital Management have announced staff reductions.

  • Thomson Reuters StreetEvents16 hours ago

    Edited Transcript of LM earnings conference call or presentation 13-May-19 9:00pm GMT

    Q4 2019 Legg Mason Inc Earnings Call

  • Financial Times21 hours ago

    Legg Mason axes 12% of its staff

    The Baltimore-based company, which oversees $758bn in assets, will lose a handful of executives, including its heads of marketing and business development, in what Joe Sullivan, chief executive, called a “difficult day” in an internal memo seen by the Financial Times.

  • Should Value Investors Buy Legg Mason (LM) Stock?
    Zacks2 days ago

    Should Value Investors Buy Legg Mason (LM) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • CNBC2 days ago

    Here are the biggest analyst calls of the day: Tesla, Anheuser-Busch, Activision Blizzard & more

    Citi lowered its price target on Tesla to $191 from $238 Guggenheim named Anheuser-Busch InBev a best idea Evercore ISI upgraded Legg Mason  to in-line from underperform Stephens downgraded Activision Blizzard to equal-weight from overweight Bank of America upgraded Ericsson to buy from neutral J.

  • Moving Average Crossover Alert: Legg Mason
    Zacks2 days ago

    Moving Average Crossover Alert: Legg Mason

    Legg Mason is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • PR Newswire3 days ago

    Precidian Investments Receives Exemptive Relief From The SEC For Its ActiveShares® Intellectual Property

    NEW YORK, May 21, 2019 /PRNewswire/ -- Precidian Investments today announced that the U.S. Securities and Exchange Commission (SEC) granted exemptive relief for Precidian's non-transparent exchange-traded fund (ETF) structure, ActiveShares®. Once approved for listing and trading on a national stock exchange, funds utilizing the ActiveShares intellectual property will be able to offer semi-transparent active portfolios with the tax efficiency, cost effectiveness and intraday trading capabilities of an ETF. "ActiveShares will fit seamlessly onto existing platforms and into investment models that utilize ETFs.

  • Barrons.com3 days ago

    Legg Mason Stock Jumps as Trian’s Nelson Peltz Joins the Board

    This isn’t the first time Peltz has wanted to fix Legg Mason. The stock climbed more than 75% the last time he was on the board.

  • Company News For May 21, 2019
    Zacks3 days ago

    Company News For May 21, 2019

    Companies In The News Are: TMUS, S, LM, SATS, DISH, GOOGL

  • Markit10 days ago

    See what the IHS Markit Score report has to say about Legg Mason Inc.

    Legg Mason Inc NYSE:LMView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for LM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding LM totaled $7.72 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Nelson Peltz back for a second stint on Legg Mason's board
    American City Business Journals3 days ago

    Nelson Peltz back for a second stint on Legg Mason's board

    The well-known activist investor has reached a deal with Legg Mason Inc. that will net his fund three seats on the money manager's board of directors.

  • Reuters3 days ago

    Legg Mason names Trian's Peltz, Garden to board

    The move comes days after reports that Trian, which has a 4.5% stake in Legg Mason, might push for changes at the mutual fund company to boost returns. Trian will identify a third independent director to be nominated at the company's annual meeting of shareholders, the company said in a statement.

  • MarketWatch3 days ago

    Legg Mason reaches deal with activist hedge fund Trian

    Legg Mason Inc. said late Monday it has appointed Nelson Peltz and Ed Garden of activist hedge fund Trian Fund Management to the company's board, effective immediately, increasing the size of the board to 12 from 10. Peltz is Trian's chief executive officer and founding partner, and Garden is Trian's chief investment officer and also a founding partner. Trian Partners owns about 4.5% of Legg Mason's stock. Trian will also get to nominate a third independent director who, pending board approval, will be included as a director nominee on the slate of nominees recommended by the board at the annual meeting. The board will appoint or nominate at least two other independent candidates, the company said. The three new independent directors will replace three incumbent directors, two of whom have reached the company's retirement-age guidelines, it said.The Wall Street Journal on Friday reported that Legg Mason was nearing a settlement with Trian to avoid a proxy fight, with Trian pressuring for cost cuts and other measures.

  • PR Newswire3 days ago

    Legg Mason Appoints Nelson Peltz And Ed Garden Of Trian Partners To Board Of Directors

    BALTIMORE, May 20, 2019 /PRNewswire/ --Legg Mason, Inc. (LM) announced today that it has increased the size of its Board of Directors from 10 to 12 members and has appointed Nelson Peltz and Ed Garden of Trian Fund Management, L.P. ("Trian Partners") to the Company's Board of Directors, effective immediately. Mr. Peltz is Chief Executive Officer and a Founding Partner and Mr. Garden is Chief Investment Officer and a Founding Partner of Trian Partners.

  • Is Legg Mason (LM) Outperforming Other Finance Stocks This Year?
    Zacks4 days ago

    Is Legg Mason (LM) Outperforming Other Finance Stocks This Year?

    Is (LM) Outperforming Other Finance Stocks This Year?

  • Here's Why You Should Add Legg Mason (LM) to Your Portfolio
    Zacks4 days ago

    Here's Why You Should Add Legg Mason (LM) to Your Portfolio

    Legg Mason (LM) appears to be a promising buy, at the moment, riding on inorganic growth and strong liquidity position.

  • CNBC4 days ago

    Stocks making the biggest moves premarket: Lions Gate Entertainment, Legg Mason, Lyft & more

    These are the stocks posting the largest moves before the bell.

  • Financial Times4 days ago

    Nelson Peltz to rejoin Legg Mason board

    Trian Partners’ Nelson Peltz and Ed Garden have been granted board seats at Legg Mason as the asset manager agreed to expand its board to 12 directors to avoid a proxy fight by the shareholder activist fund. Trian was also granted the choice of a third independent director, while the board will pick at least two more directors, for election at Legg Mason’s upcoming annual shareholder meeting as part of a board overhaul.

  • Reuters6 days ago

    Peltz's Trian Fund nearing settlement with mutual fund Legg Mason - WSJ

    Nelson Peltz's Trian Fund Management LP is nearing a settlement with Legg Mason Inc that will give the activist hedge fund three or four seats on the mutual fund's board and avoid a proxy fight, the Wall ...

  • Nelson Peltz reportedly considering activist fight at Legg Mason
    American City Business Journals9 days ago

    Nelson Peltz reportedly considering activist fight at Legg Mason

    Nelson Peltz's firm, Trian Fund Management LP, is considering waging an activist fight to get Baltimore-based Legg Mason to improve its financial results, according to the Wall Street Journal.

  • Legg Mason Call Volume Hits Annual High on Activist Chatter
    Schaeffer's Investment Research9 days ago

    Legg Mason Call Volume Hits Annual High on Activist Chatter

    Trian Fund Management is rumored to be pushing for changes at the investment firm

  • CNBC9 days ago

    Legg Mason rises on report activist Nelson Peltz may wage fight to turn around the money manager

    Activist investor Trian reportedly held discussions with Legg Mason encouraging the firm to cut costs and improve margins, people familiar with the matter told The Wall Street Journal. The Baltimore-based investment firm, with $758 billion in assets under management, has struggled with changing trends in the investment industry. Shares of Legg Mason LM popped after The Wall Street Journal  reported  that Nelson Peltz's Trian may wage a fight to turn around the struggling investment firm.

  • Legg Mason tweaks restructuring plan
    American City Business Journals9 days ago

    Legg Mason tweaks restructuring plan

    Legg Mason has narrowed the cost-savings goal for its restructuring plan and no longer plans to combine affiliate operations into the company's overall global business platform.