May 1- Legg Mason Inc:. *RBC raises target price to $31 from $26; rating sector perform. Reuters Station users, click. 1568.
May 1- Legg Mason Inc:. *Nomura raises target price to $31 from $27; rating neutral. Reuters Station users, click. 1568.
May 1- Legg Mason Inc:. *KBW raises price target to $33 from $31. Reuters Station users, click. 1568.
*Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.
*Invesco CEO sees early stage of "Great Rotation" into stocks. Franklin Resources, Invesco and Affiliated Managers Group reported strong customer net inflows with an increasing emphasis on stock funds, which typically carry higher fees and profit margins.
April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.
April 30- Asset manager Legg Mason Inc on Tuesday said its profit fell sharply in the three months ended March 31, driven down by real estate losses. Assets under management rose to $664.6 billion at March 31, up from $648.9 billion at Dec. 31, driven mainly by the rising value of investments that added $12.1 billion.
Legg Mason of Baltimore reported net income of $29.2 million, or 23 cents per share, for its fourth fiscal quarter, compared with $76.1 million, or 54 cents per share, for the same period a year before.
The international banking group appointed Michael Kruse in San Francisco as a managing director and head of the Technology, Media& Telecoms group for North America. Kruse joins the bank after working for 12 years at JPMorgan Chase& Co..
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The company hired Dianne Challenor from Citigroup Inc as head of transaction services for Asia Pacific, the Wall Street Journal reported on Monday. Hester was most recently head of sales for Northern Trust in Australia and New Zealand.
The company hired Dianne Challenor from Citigroup Inc as head of transaction services for Asia Pacific, the Wall Street Journal reported on Monday. Hester was most recently head of sales for Northern Trust in Australia and New Zealand.
April 2- Legg Mason Inc said on Tuesday that Ronald Dewhurst will leave the company he once hoped to lead as its next chief executive. Sullivan, previously Legg Mason's sales chief, was named to lead the company in February after a five-month search to replace prior CEO Mark Fetting following his departure at the start of October.
March 5- Legg Mason Inc's chief financial officer said the Baltimore fund firm may trim the number of funds it offers, and the 32 offices it operates, but does not expect major cost-cuts like those it already made in recent years. Legg Mason CFO Pete Nachtwey said the firm will provide more details of ongoing reviews in coming months.
BOSTON, March 5- Legg Mason Inc may trim the number of funds it offers and offices it operates, but does not expect major cost-cutting like that begun in 2010, the asset manager's chief financial officer said on Tuesday.
BOSTON, Feb 13- Newly-named Legg Mason Inc chief executive Joseph Sullivan on Wednesday vowed to staunch the outflow of investor money from its funds and to renew relations with its investment units- two critical steps to rebuilding the Baltimore- based asset manager.