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Legg Mason, Inc.

A collection of news and information related to Legg Mason, Inc. published by this site and its partners.

Top Legg Mason, Inc. Articles

Displaying items 25-36
  • Legg Mason accelerates dividend payment

    Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes...
  • Legg Mason plans to acquire European provider of funds of hedge funds

    Baltimore-based Legg Mason Inc. announced Thursday morning it has agreed to acquire Fauchier Partners, a manager of funds of hedge funds based in Europe. The terms of the deal were not disclosed. Fauchier will be merged into Legg's subsidiary Permal, an...
  • Monumental undertaking

    Monumental undertaking
    Tonight, we celebrate the season with the lighting of Baltimore's Washington Monument. But unless we take needed action, we are at risk of losing this festive tradition — along with one of our city's most iconic landmarks. Sadly, the monument...
  • Legg Mason reports $29.2M fourth-quarter profit, loss for year

    Legg Mason reports $29.2M fourth-quarter profit, loss for year
    Legg Mason Inc. reported Tuesday that it earned $29.2 million in its fourth quarter, down about 62 percent from a year earlier due to added real estate expenses. The Baltimore-based money manager's results still beat analysts' expectations, and its stock...
  • Legg Mason CEO awarded 500,000 in options to purchase stock

    Legg Mason CEO awarded 500,000 in options to purchase stock
    Legg Mason Inc.'s compensation committee awarded CEO Joseph A. Sullivan options to purchase a half million shares of the company stock at $31.46 per share, the Baltimore-based money manager announced in a regulatory filing. The company said the...
  • Legg Mason Inc. increases quarterly dividend

    Legg Mason Inc. increases quarterly dividend
    Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11. - Text BUSINESS to 70701 to...
  • T. Rowe Price weighs headquarters move

    T. Rowe Price weighs headquarters move
    T. Rowe Price, a fixture in downtown Baltimore since its founding 76 years ago, is considering moving its headquarters once its current lease expires in 2017, the company said Wednesday. The Baltimore-based money manager is weighing several options,...
  • Legg Mason CEO shuffles executive team

    Legg Mason CEO shuffles executive team
    Legg Mason Inc.'s new CEO, Joseph A. Sullivan, announced Tuesday a shake-up of his executive team and the exit of some top officials, including one who had been in the running for chief executive. Sullivan, a Legg insider who was named CEO and...
  • Legg Mason rebounds, posts $80 million profit in quarter

    Legg Mason rebounds, posts $80 million profit in quarter
    Legg Mason Inc. bounced back from its first loss since 2009 with a profit of $80.8 million in the quarter that ended Sept. 30, the Baltimore-based investment company announced Friday. In the previous quarter, Legg lost $9.5 million, blaming the shortfall...
  • Legg Mason: Investors' expectations don't reflect bond market reality

    When it comes to generating income from investments, Americans' expectations for returns are significantly higher than what they are actually earning, according to a survey released this morning by Legg Mason Inc. “Our survey is telling us that...
  • Legg Mason Inc. completes Fauchier Partners acquisition

    Legg Mason Inc. completes Fauchier Partners acquisition
    Legg Mason Inc. said Wednesday that it completed the acquisition of Fauchier Partners, a European money manager acquired from BNP Paribas Investment Partners. Legg Mason Inc. said Wednesday that it completed the acquisition of Fauchier Partners, a...
  • As stock market breaks records, Legg Mason Inc.'s shares hit yearly high

    As stock market breaks records, Legg Mason Inc.'s shares hit yearly high
    Legg Mason Inc.'s stock, which has struggled to recover from the financial crisis, hit a new 52-week high last week. It could be a harbinger of a turnaround at the Baltimore-based money manager. Or Legg shares simply may be riding the recent record-...