Last €42.73 EUR
Change Today +0.257 / 0.61%
Volume 0.0
LGG On Other Exchanges
Symbol
Exchange
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As of 1:35 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

legg mason inc (LGG) Snapshot

Open
€42.87
Previous Close
€42.48
Day High
€42.89
Day Low
€42.67
52 Week High
11/28/14 - €45.54
52 Week Low
02/6/14 - €29.01
Market Cap
4.9B
Average Volume 10 Days
32.4
EPS TTM
--
Shares Outstanding
114.1M
EX-Date
12/15/14
P/E TM
--
Dividend
€0.63
Dividend Yield
1.08%
Current Stock Chart for LEGG MASON INC (LGG)

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legg mason inc (LGG) Details

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

2,843 Employees
Last Reported Date: 05/23/14
Founded in 1899

legg mason inc (LGG) Top Compensated Officers

Chairman of The Board of Directors, Chief Exe...
Total Annual Compensation: $4.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.8M
Head of Global Distribution and Executive Vic...
Total Annual Compensation: $2.4M
Executive Vice President, Head of Business & ...
Total Annual Compensation: $1.1M
Head of Mergers and Acquisitions and Business...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

legg mason inc (LGG) Key Developments

Legg Mason Announces the Launch of a New Series of Nine Target Retirement Collective Investment Funds

Legg Mason announced the launch of a new series of nine target retirement collective investment funds, the 401(k) Roadmap Funds (Roadmap Funds), which are sponsored and maintained by Hand Benefits & Trust Company (HB&T), a Benefits Plans Administrative Services Company (BPAS). The Roadmap Funds are designed to give employee benefit plans access to asset allocation strategies. QS Investors, LLC, a wholly-owned subsidiary of Legg Mason Inc. and a leading customized solutions and global quantitative equities manager, has been retained by HB&T to provide sub-advisory and asset allocation services to the Roadmap Funds. In addition, Sheridan Road Investment Consulting, LLC supports QS Investors by providing investment research and fund analytics. The Roadmap Funds were designed to be successor funds to QS Legg Mason Target Date Retirement Funds, a series of target date mutual funds that closed on November 14 and, as such, will utilize substantially similar investment strategies and processes as those utilized by the Legg Mason Target Date Retirement Funds, including similar asset allocation glide path and dynamic risk management. The Roadmap Funds are funds-of-funds and will invest in a combination of underlying funds representing a variety of broad asset classes such as equity, fixed income and inflation-hedging strategies. The Roadmap Funds' glide path is designed to adjust over time to become more conservative by increasing allocations to fixed income securities as investors near retirement and to effectively balance market risk against longevity risk.

Legg Mason, Inc. Announces the Resignation Nelson Peltz as Chief Executive Officer

Legg Mason Inc. announced that Nelson Peltz, Chief Executive Officer and a founding partner of Trian Fund Management, L.P. has informed the company of his resignation from the company's Board of Directors, effective immediately, to devote more time to other commitments, including service on current and future boards. Mr. Peltz was Chairman of Legg Mason's Nominating & Corporate Governance Committee. Mr. Peltz has served on Legg Mason's Board since October 2009, and made significant contributions to the Company's ongoing successful turnaround. During that time period, Legg Mason has made senior management and Board changes and has significantly reduced overhead, increased cash flow and returned more than $2 billion of capital to shareholders.

Legg Mason Mulls Acquisitions

Legg Mason Inc. (NYSE:LM) is seeking acquisitions. Joe Sullivan, Chairman & Chief Executive Officer said, "What you will see is that we expect for them to continue to build out and continue to grow their institutional business as they would have done prior to our acquisition, we are doing prior to or acquisition and would continue to do."

 

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Industry Analysis

LGG

Industry Average

Valuation LGG Industry Range
Price/Earnings 27.6x
Price/Sales 2.2x
Price/Book 1.3x
Price/Cash Flow 25.8x
TEV/Sales 1.4x
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