Franklin Templeton completes the $4.5 billion acquisition of Legg Mason to create one of the largest asset managers in the world.
Reporting its last quarter before it's acquired by Franklin Resources, Legg Mason's (NYSE:LM) fiscal Q1 adjusted EPS of 71 cents beats the average analyst
Fiscal First Quarter 2021 Results Executive Earnings Commentary July 27, 2020 Important Disclosures … | July 27, 2020
News Release FOR IMMEDIATE RELEASE … | July 27, 2020
News Release For Immediate… | July 15, 2020
Former Legg Mason CIO Bill Miller remains a Bitcoin bull while Mike Novogratz calls the top cryptocurrency 'turbo-charged gold'
Legg Mason's (LM) AUM of $780.2 billion for May 2020 grows 2.2% from the prior month on positive foreign-exchange impact and fixed income inflows.
BALTIMORE, Md., June 9, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $780.2 billion as of May 31, 2020. This month's AUM included long-term net inflows of $0.4 billion, driven by fixed income and alternative net inflows of $0.7…
Legg Mason today announced the launch of its first semi-transparent ETF using the Precidian ActiveShares structure.
Legg Mason today announced the launch of its first semi-transparent ETF using the Precidian ActiveShares structure. Legg Mason and its affiliate, ClearBridge Investments, LLC, launched the ETF using the semi-transparent technology of Precidian Investments LLC, ActiveShares®. The ClearBridge Focus Value ETF (CFCV), a series of Legg Mason’s ActiveShares® ETF Trust, trades on the Chicago Board […] The post Legg Mason Launches First Semi-Transparent ETF appeared first on ETF Trends .
Legg Mason’s quant arm finds ETFs ‘very valuable’ Submitted By Beverly Chandler | 25/05/2020 - 11:42am QS Investors is one of nine subsidiary firms of Legg Mason, and is where the quantitative solutions for institutional investors are found. The majority of its USD15 billion in assets is in quant solutions which marry the firm’s research to client needs, says Nick Hooten, Head of Investment Solutions, at the firm. Hooten will be joining the ETFs in Depth panel at etfLIVE US in October this year. “Being quantitative, allows us to offer clients the best opportunity to reach the specific outcomes they desire,” Hooten says. The firm has a broad range of clients which encompasses a number of different channels, including insurance and retirement companies who have specific and: “interesting requirements,” Hooten says. The firm also creates a number of models for broker/dealers to use, bringing institutional grade asset allocation to the adviser community. QS Investors uses a lot of ETFs. “Over half of our strategies incorporate ETFs,” Hooten says. “We use ETFs for two distinct purposes.
Legg Mason's (LM) AUM of $763.1 billion for April 2020 grows 4.4% from the prior month's net inflows and positive foreign-exchange impact.
BALTIMORE, May 12, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $763.1 billion as of Apr 30, 2020. This month's AUM included long-term net outflows of $1.4 billion, driven by fixed income net outflows of $2.5 billion, partially…
Legg Mason's (LM) fourth-quarter fiscal 2020 (ended Mar 31) earnings reflect higher revenues, reduced expenses and a fall in assets under management (AUM).
Legg Mason's (LM) fiscal Q4 results are expected to reflect lower assets under management, partially offset by controlled expenses.
Legg Mason's (LM) assets under management (AUM) of $803.5 billion for February 2020 moved down 2.1% from the prior month's net outflows and negative foreign-exchange impact.
Legg Mason (NYSE:LM) reports February AUM of $789.4B, including long-term net inflows of $1.5B, driven by fixed income net inflows of $2.1B and alternative
In 2020 there has been a flurry of merger and acquisition deals, particularly when it comes to investment management firms acquiring smaller firms. What's behind the sudden rise in M&A activity? M&A Deals In 2020 Morgan Stanley (NYSE: MS ) announced Feb. 20 it is buying E*Trade Financial Corp . (NASDAQ: ETFC ) in a $13-billion deal with the aim to reshape the investment bank. Franklin Resources, Inc . (NYSE: BEN ) announced Feb. 18 that it entered into a definitive agreement to acquire Legg Mason, Inc. (NYSE: LM ) for $4.5 billion. In the U.K., Jupiter said Feb. 17 it will pay 370 million pounds ($485.3 million) for Merian Global Investors in a deal that would create the second-largest retail asset management group in the U.K. Deloitte: Post-Merger Integration Is Key Investment managers will continue to rely on M&A to diversify their product … Full story available on Benzinga.com
Legg Mason (LM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Legg Mason (LM) possesses solid growth attributes, which could help it handily outperform the market.
On announcement of the all-cash deal between Legg Mason (LM) and Franklin Resources (BEN), Moody's puts ratings of the former on review and affirms that of the latter.
Legg Mason (LM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Franklin Resources' (BEN) recently-announced acquisition with Legg Mason (LM) reflects the companies' strategic efforts for business expansion, unlocking growth opportunities.
Willkie Farr & Gallagher attorneys counseled Franklin Resources Inc, which does business as Franklin Templeton, on its agreement to buy mutual fund company Legg Mason Inc for $4.5 billion, a deal that will create an investing giant with about $1.5 trillion in assets under management, the asset manager said in a statement on Tuesday.
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Franklin Templeton Announces the Acquisition of Legg Mason and Its Group of Leading Asset Managers February 18, 2020 Franklin Templeton… | February 18, 2020
Franklin Resources Inc. , which operates as investment manager Franklin Templeton, said Tuesday it has agreed to acquire Legg Mason Inc. in an all-cash deal…
The tie-up that could help each navigate a worldwide shift in investor preference away from active money management.
Noch an diesem Dienstag könnte ein Milliardendeal in der Fondsbranche geschlossen werden: Franklin Resources und Legg Mason planen einen Zusammenschluss.
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(Bloomberg) -- Franklin Resources Inc. is nearing an all-cash offer for asset manager Legg Mason Inc., a deal that would create an investing giant with more than $1 trillion in assets under management, according to people familiar with the matter.The owner of investment manager Franklin Templeton could
BALTIMORE, Feb. 12, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $806.0 billion as of Jan 31, 2020. This month's AUM included long-term net inflows of $0.1 billion, driven by fixed income net inflows of $1.0 billion and alternative…
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Legg Mason (LM) appears to be a promising buy, at the moment, riding on inorganic growth and strong liquidity position.
Legg Mason to increase stake in Precidian Investments from 20% to 75% to cater increasing needs of clients.
Legg Mason (LM) could produce exceptional returns because of its solid growth attributes.
Legg Mason (LM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
BALTIMORE, Jan. 29, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the third fiscal quarter ended December 31, 2019. Quarters Ended Nine Months Ended Financial Results Dec Sept Dec Dec Dec (Amounts in millions, except per share amounts) 2019 2019…
Legg Mason's (LM) fiscal Q3 results are likely to reflect higher assets under management and controlled expenses.
In a year where active management struggled, Bill Miller's hedge fund returned 120% in 2019, Bloomberg reported Thursday. Miller's hedge fund left the names in its basket untouched in the last quarter, Miller said in a letter to investors reviewed by Bloomberg. Miller expects the stock market bull-run to continue into 2020. Visit Business Insider's homepage for more stories. The typical hedge fund failed to post returns in the double-digits, much less beat the S&P 500, in 2019. But Bill Miller's fund capped off the year with what is a comparatively astronomical 120% rise, Bloomberg reported Thursday. In a January 15 letter reviewed by Bloomberg Thursday, Miller told investors that the hedge fund, Miller Value Partners 1, spent the fourth quarter doing something that sounds counterintuitive for an actively managed fund: "nothing." In those months, the hedge fund gained 60%, Bloomberg reported. "This doesn't happen as often as it probably should," Miller wrote, adding that the fund did not add any new companies nor exit any of its holdings during the last months of 2019.
Increase in Legg Mason's (LM) asset under management balance is likely to continue supporting its top-line growth.
BALTIMORE, Jan. 13, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $803.5 billion as of Dec. 31, 2019. This month's AUM included long-term net outflows of $1.5 billion, driven by equity net outflows of $3.6 billion, partially offset…
BALTIMORE, Dec. 11, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $790.5 billion as of Nov 30, 2019. This month's AUM included long-term net outflows of $2.2 billion, driven by fixed income net outflows of $1.5 billion and equity…
Let's see if Legg Mason (LM) stock is a good choice for value-oriented investors right now from multiple angles.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Legg Mason (LM) have what it takes? Let's find out.
Legg Mason Inc (NYSE:LM) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,440,000 shares, a drop of 18.1% from the September 30th total of 2,980,000 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average […]
Legg Mason's (LM) assets under management (AUM) inch up 1.2% in October supported by increase in alternative and fixed income AUM.
BALTIMORE, Nov. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $791.0 billion as of Oct 31, 2019. This month's AUM included long-term net inflows of $2.0 billion, driven by fixed income net inflows of $1.8 billion and alternative…
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Legg Mason (LM) have what it takes? Let's find out.
Legg Mason's (LM) second-quarter fiscal 2020 (ended Sep 30) earnings reflect lower revenues, reduced expenses and rise in assets under management (AUM).
Legg Mason (LM) delivered earnings and revenue surprises of 10.47% and 1.54%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?