UP!
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Type
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Public |
|---|---|
| Traded as | NYSE: LM S&P 400 Component |
| Industry | Asset management |
| Founded | 1899 |
| Headquarters | Baltimore, United States |
|
Key people
|
Joseph Sullivan (Chairman of the Board, President, CEO) |
| Products | Asset Management |
| Revenue |  $2.66 bln (2015) |
|
Operating income
|
$50.831 mln (2015) |
|
Net income
|
$-32.91 mln (2015) |
| AUM | US$728 billion (as of 31 March 2017) |
| Total assets |  $728 bln (2017) |
| Total equity | $4.214 bln (2015) |
|
Number of employees
|
3,066 (2015) |
| Website | leggmason.com |
Legg Mason, Inc. (NYSE: LM) is an American investment management firm with a focus on asset management and serves customers worldwide. Legg Mason offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments (via a funds-of-hedge-funds manager).
Created in 1970 through the acquisition of Mason & Co. by Legg & Co to form Legg Mason & Co., Inc., Legg Mason has since become the 20th largest asset manager in the world. Legg Mason serves individual and institutional investors on six continents, and has some $757 billion in aggregated assets under management as of July 31, 2016.
Legg Mason operates using a multi-manager business model, with each of the company’s subsidiaries operating independently in its own segment of the asset management industry. It provides global distribution and fosters growth through product development, investing in its existing affiliates, and making new acquisitions.
Legg Mason can trace its earliest roots to George Mackubin & Co., which got its start selling stocks out of a back office in the Baltimore Stock Exchange in 1899. Over time this evolved into Legg & Company, which in 1970 acquired the Newport News, Virginia-based Mason & Company that Raymond A. Mason had founded by 1962. The combined firms' headquarters is in Baltimore.
Management:
Legg Mason acts through its subsidiaries to provide investment management and related services to its clients, which include institutions as well as individuals. Under the company's multi-manager model, each subsidiary operates with investment autonomy, following its own investment philosophy and implementing its own process.
In addition to providing its employees with environment-related volunteering opportunities, Legg Mason also implements several corporate ESG initiatives, such as:
Legg Mason's headquarters are located in the 100 International Drive building in Baltimore, Maryland. Prior locations were formerly were at Redwood Street, Pratt Street, and 100 Light Street.
Light Street Former Legg Mason Building
Pratt Street Former Legg Mason Building
Redwood Street Former Legg Mason Building
Legg Mason Headquarters in Baltimore, Maryland since 2009
| 2016-07-11 | Reiterated Rating | Jefferies Group | Buy | $39.00 to $36.00 |
| 2016-06-30 | Reiterated Rating | Citigroup Inc. | Buy | $45.00 |
| 2016-05-05 | Reiterated Rating | Piper Jaffray | Overweight | $51.00 |
| 2016-05-05 | Reiterated Rating | Piper Jaffray Cos. | Overweight | $51.00 |
| 2016-05-02 | Lower Price Target | RBC Capital | Sector Perform | $41.00 to $35.00 |
| 2016-05-02 | Reiterated Rating | Morgan Stanley | Hold | $37.00 |
| 2016-05-02 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $41.00 to $35.00 |
| 2016-04-25 | Lower Price Target | RBC Capital | Sector Perform | $49.00 to $41.00 |
| 2016-04-15 | Reiterated Rating | Citigroup Inc. | Buy | $43.00 to $46.00 |
| 2016-04-12 | Lower Price Target | Jefferies Group | Buy | $39.00 |
| 2016-04-06 | Reiterated Rating | Barclays | Buy | |
| 2016-04-06 | Reiterated Rating | Barclays PLC | Buy | |
| 2016-03-29 | Reiterated Rating | Jefferies Group | Buy | $37.00 to $42.00 |
| 2016-03-16 | Upgrade | Credit Suisse | Neutral to Outperform | $39.00 to $49.00 |
| 2016-03-16 | Upgrade | Credit Suisse Group AG | Neutral to Outperform | $39.00 to $49.00 |
| 2016-03-13 | Lower Price Target | Morgan Stanley | Equal Weight | $38.00 to $37.00 |
| 2016-02-09 | Lower Price Target | Barclays | Overweight | $43.00 to $38.00 |
| 2016-02-09 | Reiterated Rating | Jefferies | Buy | $37.00 |
| 2016-02-09 | Reiterated Rating | Jefferies Group | Buy | $37.00 |
| 2016-02-08 | Lower Price Target | Jefferies Group | Buy | $37.00 |
| 2016-01-27 | Lower Price Target | Credit Suisse | Neutral | $46.00 to $40.00 |
| 2016-01-25 | Reiterated Rating | Piper Jaffray | Overweight | $57.00 to $53.00 |
| 2016-01-14 | Lower Price Target | Morgan Stanley | Equal Weight | $51.00 to $49.00 |
| 2016-01-11 | Reiterated Rating | Keefe, Bruyette & Woods | Buy | $55.00 to $50.00 |
| 2015-12-03 | Reiterated Rating | Keefe, Bruyette & Woods | Outperform | $68.00 to $67.00 |
| 2015-12-03 | Reiterated Rating | RBC Capital | Sector Perform | $47.00 to $49.00 |
| 2015-12-03 | Reiterated Rating | Citigroup Inc. | Buy | $64.00 to $65.00 |
| 2015-12-03 | Reiterated Rating | Barclays | Equal Weight | $57.00 to $58.00 |
| 2015-11-02 | Reiterated Rating | Piper Jaffray | Overweight | $58.00 to $59.00 |
| 2015-11-02 | Lower Price Target | Barclays | Overweight | $53.00 to $52.00 |
| 2015-11-02 | Boost Price Target | Morgan Stanley | Equal Weight | $52.00 |
| 2015-11-02 | Lower Price Target | RBC Capital | Sector Perform | $53.00 to $49.00 |
| 2015-10-13 | Lower Price Target | Morgan Stanley | Equal Weight | $50.00 to $48.00 |
| 2015-10-09 | Lower Price Target | Susquehanna | Negative | $36.00 to $35.00 |
| 2015-10-08 | Reiterated Rating | Barclays | Overweight | $54.00 to $53.00 |
| 2015-10-07 | Reiterated Rating | Jefferies Group | Buy | $63.00 to $49.00 |
| 2015-09-10 | Lower Price Target | Citigroup Inc. | Buy | $67.00 to $62.50 |
| 2015-09-03 | Lower Price Target | Susquehanna | Negative | $42.00 to $36.00 |
| 2015-09-03 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $61.00 to $56.00 |
| 2015-08-26 | Lower Price Target | Barclays | Overweight | $57.00 to $54.00 |
| 2015-08-13 | Upgrade | Barclays | Equal Weight to Overweight | $55.00 to $57.00 |
| 2015-08-03 | Lower Price Target | Stifel Nicolaus | Outperform | $62.00 to $61.00 |
| 2015-08-03 | Reiterated Rating | Citigroup Inc. | Buy | $63.00 to $67.00 |
| 2015-08-03 | Boost Price Target | Piper Jaffray | Overweight | $62.00 to $65.00 |
| 2015-08-03 | Lower Price Target | RBC Capital | Sector Perform | $54.00 to $53.00 |
| 2015-07-15 | Lower Price Target | Citigroup Inc. | Buy | $63.50 to $62.00 |
| 2015-07-10 | Lower Price Target | Barclays | Equal Weight | $60.00 to $55.00 |
| 2015-07-09 | Reiterated Rating | Susquehanna | Sell | $43.00 to $42.00 |
| 2015-07-09 | Reiterated Rating | Jefferies Group | Buy | $67.00 to $63.00 |
| 2015-06-10 | Lower Price Target | Citigroup Inc. | Buy | $65.00 to $63.50 |
| 2015-06-02 | Initiated Coverage | Piper Jaffray | Overweight | $65.00 |
| 2015-05-08 | Lower Price Target | Barclays | Equal Weight | $61.00 to $60.00 |
| 2015-03-05 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $62.00 to $68.00 |
| 2015-02-20 | Boost Price Target | Barclays | Equal Weight | $58.00 to $60.00 |
| 2015-02-18 | Upgrade | Jefferies Group | Hold to Buy | $50.00 to $67.00 |
| 2015-02-02 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $60.00 to $62.00 |
| 2015-02-02 | Reiterated Rating | Citigroup Inc. | Buy | $64.00 to $65.00 |
| 2015-01-13 | Lower Price Target | Barclays | Equal Weight | $59.00 to $57.00 |
| 2015-01-13 | Upgrade | Bank of America | Neutral to Buy | $62.00 |
| 2015-01-13 | Upgrade | Bank of America Corp. | Neutral to Buy | $62.00 |
| 2015-01-08 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $61.00 to $60.00 |
| 2014-12-09 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $57.00 to $61.00 |
| 2014-12-04 | Initiated Coverage | Barclays | Equal Weight | $59.00 |
| 2014-11-14 | Reiterated Rating | Citigroup Inc. | Buy | $60.00 to $65.00 |
| 2014-11-03 | Reiterated Rating | Keefe, Bruyette & Woods | Outperform | $56.00 to $57.00 |
| 2014-10-14 | Upgrade | Bank of America | Underperform to Neutral | $48.00 to $52.00 |
| 2014-09-12 | Reiterated Rating | Citigroup Inc. | Buy | $55.00 to $60.00 |
| 2014-08-15 | Reiterated Rating | Susquehanna | Neutral | $45.00 to $41.00 |
| 2014-08-01 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $57.00 to $56.00 |
| 2014-07-15 | Boost Price Target | BMO Capital Markets | $45.00 to $48.00 | |
| 2014-07-14 | Boost Price Target | Keefe, Bruyette & Woods | $54.00 to $57.00 | |
| 2014-07-10 | Boost Price Target | Susquehanna | $40.00 to $45.00 | |
| 2014-07-09 | Reiterated Rating | Jefferies Group | Hold | $46.00 to $50.00 |
| 2014-06-09 | Lower Price Target | Morgan Stanley | $50.00 to $49.00 | |
| 2014-05-14 | Reiterated Rating | BMO Capital Markets | Underperform | $44.00 |
| 2014-05-14 | Upgrade | Citigroup Inc. | Neutral to Buy | $45.00 to $56.00 |
| 2014-05-06 | Reiterated Rating | Susquehanna | Neutral | $42.00 to $40.00 |
| 2014-05-02 | Lower Price Target | Keefe, Bruyette & Woods | $55.00 to $54.00 | |
| 2014-05-02 | Boost Price Target | RBC Capital | $47.00 to $49.00 | |
| 2014-04-28 | Upgrade | Ned Davis Research | Neutral to Buy | |
| 2014-04-09 | Boost Price Target | Citigroup Inc. | Neutral | $43.00 to $45.00 |
| 2014-04-09 | Boost Price Target | Susquehanna | Neutral | $36.00 to $42.00 |
| 2014-04-08 | Boost Price Target | Morgan Stanley | $46.00 to $50.00 | |
| 2014-04-04 | Boost Price Target | Keefe, Bruyette & Woods | Outperform | $50.00 to $55.00 |
| 2014-03-19 | Boost Price Target | Credit Suisse | $44.00 to $46.00 | |
| 2014-03-04 | Boost Price Target | Jefferies Group | Hold | $44.00 to $46.00 |
| 2014-02-10 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | $50.00 |
| 2014-01-31 | Lower Price Target | Sandler O'Neill | $47.00 to $44.00 | |
| 2014-01-22 | Boost Price Target | RBC Capital | $38.00 to $48.00 | |
| 2014-01-14 | Boost Price Target | Evercore ISI | $37.00 to $41.00 | |
| 2014-01-10 | Upgrade | Susquehanna | Negative to Neutral | $25.00 to $38.00 |
| 2014-01-10 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $42.00 to $48.00 |
| 2013-12-16 | Boost Price Target | Evercore ISI | $33.00 to $37.00 | |
| 2013-10-28 | Boost Price Target | RBC Capital | Sector Perform | $37.00 to $38.00 |
| 2013-10-28 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $40.00 to $42.00 |
| 2013-10-09 | Boost Price Target | Susquehanna | Negative | $23.00 to $24.00 |
| 2013-10-09 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $38.00 to $40.00 |
| 2013-10-08 | Initiated Coverage | Evercore ISI | Neutral | |
| 2013-10-03 | Reiterated Rating | BMO Capital Markets | Sell | $35.00 |
| 2013-10-03 | Boost Price Target | Morgan Stanley | Equal Weight | $36.00 to $38.00 |
| 2011-11-01 | Downgrade | Ticonderoga | Neutral to Sell | $22 |
| 2011-04-25 | Upgrade | Ticonderoga | Sell to Neutral | |
| 2011-01-19 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2011-01-05 | Downgrade | FBR Capital | Mkt Perform to Underperform | $34 to $35 |
| 2010-04-01 | Upgrade | Keefe Bruyette | Mkt Perform to Outperform | $34 to $37 |
| 2016-07-11 | Reiterated Rating | Jefferies Group | Buy | $39.00 to $36.00 |
| 2016-06-30 | Reiterated Rating | Citigroup Inc. | Buy | $45.00 |
| 2016-05-05 | Reiterated Rating | Piper Jaffray | Overweight | $51.00 |
| 2016-05-05 | Reiterated Rating | Piper Jaffray Cos. | Overweight | $51.00 |
| 2016-05-02 | Lower Price Target | RBC Capital | Sector Perform | $41.00 to $35.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LM 44 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Institutional Trust Company, N.A. | 3.82M |
| BlackRock Fund Advisors | 3.80M |
| CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.44M |
| AHL Partners LLP | 0.34M |
| OPPENHEIMER FUNDS INC | 0.33M |
| BlackRock Investment Management, LLC | 0.33M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 0.30M |
| BlackRock Group LTD | 0.30M |
| OXFORD ASSET MANAGEMENT | 0.23M |
| TEACHERS ADVISORS INC | 0.18M |
| NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION | 0.10M |
| DECADE CAPITAL MANAGEMENT LLC | 92971 |
| BlackRock Japan Co. Ltd | 65586 |
| BLACKROCK ADVISORS LLC | 60407 |
| KCG Holdings, Inc. | 57134 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| PELTZ NELSON | 9.53% (11039896) | LM / MDLZ / MSG / SYY / WEN / |
| TRIAN FUND MANAGEMENT, L.P. Former 10% Owner | 0.44% (513743) | LM / WEN / |
| SULLIVAN JOSEPH A President and CEO | 0.33% (385176) | LM / |
| Nachtwey Peter Sr. Executive VP & CFO | 0.11% (126541) | LM / |
| Johnson Terence Executive Vice President | 0.09% (107811) | LM / |
| Hoops Thomas K Executive Vice President | 0.07% (77097) | LM / |
| ADAMS HAROLD L | 0.05% (57046) | CMC / LECO / LM / |
| Merchant Thomas C Exec. VP & General Counsel | 0.05% (54224) | LM / |
| Cashman Frances Executive Vice President | 0.04% (51097) | LM / |
| REED W ALLEN | 0.04% (50642) | LM / |
| CAHILL JOHN T | 0.04% (46005) | AAL / CL / KHC / KRFT / LM / |
| Kenney John Executive Vice President | 0.04% (42683) | LM / |
| Lattin Patricia Executive Vice President | 0.03% (35636) | LM / |
| KRONGARD CHERYL GORDON | 0.03% (33782) | AL / LM / XRX / |
| Kass Dennis M. | 0.02% (26651) | LM / WEN / |
| Huff Barry W. | 0.02% (25896) | LM / |
| Murphy John V | 0.02% (24536) | LM / |
| ANGELICA ROBERT E | 0.02% (23624) | LM / |
| Murphy Jennifer Executive VP & CAO | 0.02% (18581) | LM / |
| Schliessler Ursula CAO | 0.01% (17184) | LM / |
| MYERS JOHN H | 0.01% (11364) | LM / |
| Chiu Robert | 0.01% (6424) | LM / |
| Chen Tian Qiao | 0.01% (6424) | CYH / LC / LM / |
| SCHMOKE KURT L | 0.01% (6076) | LM / MHFI / |
UM