Bulls REASONS TO BUY
April 17, 2014
(Stock Blog Hub, 4/27/13)
In an attempt to boost shareholder value, Legg Mason, Inc.’s (LM) board of directors approved an increased quarterly cash dividend on its common stock. The new dividend of 13 cents per share...(read more)
(Value Investing, 12/14/12)
Legg Mason, Inc. (NYSE:LM) and their subsidiary Permal Group finalized their acquisition of Fauchier Partners from BNP Paribas SA (PINK:BNPQY), a fund of hedge funds based in Europe....(read more)
(Stock Blog Hub, 9/20/12)
We are downgrading our recommendation on Legg Mason, Inc. (LM) to Underperform from Neutral based on the company's ongoing managerial changes. However, the company's fiscal...(read more)
Legg Mason (LM) Company Overview
Legg Mason, Inc. (NYSE: LM) is an asset manager that provides investment management and similar services to institutional and individual clients, as well as company sponsored mutual funds. Legg Mason has over $684.5 billion in total assets under management, with clients ranging from retirement accounts to endowments to individual investors. It earns revenues from a number of fees it charges to investors such as investment advisory fees, which are generally based on a percentage of the AUM. Legg Mason's net income swung from a $1.97 billion loss in 2009 to a net profit of $204 million in 2010 (Legg Mason's fiscal year ends March 31 of each year).
In response to tumultuous markets caused in part by the credit crunch and financial crisis, Legg Mason restructured its business segments. Legg Mason not only replaced three executive officers, but it also restructured its three former business operating segments (Managed Investments, Institutional Management, and Wealth Management) into two geographically based segments: the Americas and International.(Read more at Wikinvest )
What's in this LM analysis on Wikinvest...