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Last €46.22 EUR
Change Today +1.35 / 3.01%
Volume 0.0
LGG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 9:31 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

legg mason inc (LGG) Snapshot

Open
€44.82
Previous Close
€44.87
Day High
€46.22
Day Low
€44.65
52 Week High
03/16/15 - €54.00
52 Week Low
08/6/14 - €34.45
Market Cap
5.1B
Average Volume 10 Days
1.0
EPS TTM
--
Shares Outstanding
110.9M
EX-Date
06/12/15
P/E TM
--
Dividend
€0.79
Dividend Yield
1.26%
Current Stock Chart for LEGG MASON INC (LGG)

legg mason inc (LGG) Related Businessweek News

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legg mason inc (LGG) Details

Legg Mason, Inc. is a publicly owned asset management holding company. The firm provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned subsidiaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.

2,982 Employees
Last Reported Date: 05/22/15
Founded in 1899

legg mason inc (LGG) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $4.7M
Chief Financial Officer and Member of Executi...
Total Annual Compensation: $1.9M
Head of Global Distribution and Executive Vic...
Total Annual Compensation: $2.6M
Head of Business Development, Executive Vice ...
Total Annual Compensation: $1.7M
Head of M&A and Business Development
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2015.

legg mason inc (LGG) Key Developments

Legg Mason Seeks Acquisition

Joseph Sullivan, Chief Excutive Officer of Legg Mason Inc. (NYSE: LM) said Legg could purchase a smaller company to be integrated into one of its affiliate arms. Joseph Sullivan said, "Our model tends to attract the best and the brightest, they can retain control of their firms. They certainly can retain complete investment independence and operational autonomy." In the long run, Sullivan only sees Legg adding up to four or five affiliates.

Legg Mason Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 10:55 AM

Legg Mason Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 10:55 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Joseph A. Sullivan, Chairman of the Board of Directors, Chief Executive Officer, President and Member of Finance Committee.

Legg Mason Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2015; Provides Tax Rate Guidance for the First Quarter and Full Year of Fiscal 2015

Legg Mason Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported net income attributable to the company of $83.0 million, or $0.73 per diluted share, as compared to $77.0 million, or $0.67 per diluted share, in the previous quarter, and $68.9 million, or $0.58 per diluted share, in the fourth quarter of fiscal 2014. Adjusted income was $117.9 million, or $1.03 per diluted share, as compared to $113.1 million, or $0.98 per diluted share, in the previous quarter and $103.5 million, or $0.86 per diluted share, in the fourth quarter of fiscal 2014. For the current quarter, operating revenues were $702.3 million, down 2% from $719.0 million in the prior quarter, and up 3% compared to $681.4 million in the fourth quarter of fiscal 2014. The company reported operating income of $129.0 million compared to $119.3 million and income before income tax provision of $126.8 million compared to $111.9 million for the last year. For the year, the company reported net income attributable to the company of $237.1 million, or $2.04 per diluted share, as compared to $284.8 million, or $2.33 per diluted share, for fiscal year 2014. Adjusted was $378.8 million, or $3.26 per diluted share, as compared to $417.8 million, or $3.41 per diluted share for fiscal year 2014. Operating revenues for fiscal year 2015 were $2.8 billion, up 3% from $2.7 billion for fiscal year 2014. The company reported operating income of $498.2 million compared to $430.9 million and income before income tax provision of $368.0 million compared to $419.6 million for the last year. Next quarter, the company is anticipating that its tax rate will be favorably impacted by a recently legislated change in the New York City apportionment rules that will reduce its fiscal first quarter taxes by approximately $10 million to $20 million. Excluding this item, the company expects its GAAP tax rate for the full fiscal year to be between 35% and 37%. And for next fiscal year, the company expects a cash tax rate of 4% to 5%.

 

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Industry Analysis

LGG

Industry Average

Valuation LGG Industry Range
Price/Earnings 25.5x
Price/Sales 2.1x
Price/Book 1.3x
Price/Cash Flow 24.0x
TEV/Sales 1.2x
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