Legg’s assets under management improve

BY: Daily Record Staff
POSTED: June 11, 2013
Tags: asset-management, assets, Business, business news, Legg Mason, Stocks

Legg Mason Inc. said total assets under management at the end of May 2013 were $654.3 billion, or nearly 4.3 percent higher than the $627.4 billion that the Baltimore-based global asset management firm reported in May 2012. The May 2013 total was a miniscule 0.168 percent lower than the previous month’s total of $655.4 billion. [...]

Legg Mason raises quarterly dividend

BY: Daily Record Staff
POSTED: April 23, 2013
Tags: asset-management, Baltimore, earnings, Legg Mason, maryland, news briefs, shareholders, Stocks

Legg Mason Inc., of Baltimore, announced that its Board of Directors has declared a 13 cent-per-share quarterly cash dividend on its common stock.

American Capital Mortgage shares sink in debut

BY: Associated Press
POSTED: August 4, 2011
Tags: american capital ltd, american capital mortgage, american capital mortgage investment corp, asset-management, bethesda, initial public offering, investment, ipo, MTGE, Nasdaq, Real Estate, real estate investment trust

NEW YORK — Shares of American Capital Mortgage Investment Corp. are dropping in the real estate investment trust’s trading debut. The subsidiary of asset management company American Capital Ltd. sold 8 million shares at $20 per share in an initial public offering. It had planned to sell 17.5 million shares. It also sold 2 million [...]

Legg Mason reports 4Q profit, assets under management up

BY: Ben Mook
POSTED: May 3, 2011
Tags: asset-management, assets under management, Baltimore, Business, clients, dividend, earnings, fiscal 2010, investment-advisory fees, legg, Legg Mason, net income, shares

Money manager Legg Mason Inc. reported increased profit for its fourth quarter, a gain attributed to higher investment-advisory fees. The firm continues, however, to be plagued by money being pulled from funds by clients — $8.7 billion during the fiscal year. Baltimore-based Legg Mason on Tuesday reported net income of $69 million, or 45 cents [...]

Differing approaches of Legg Mason, T. Rowe Price bring differing results

BY: Ben Mook
POSTED: February 24, 2011
Tags: asset-management, Baltimore, firms, Legg Mason, lenders, maryland, rivals, SEC, securities and exchange commission, T. Rowe Price

For decades, two of the best-known asset management firms in the country have shared a ZIP code — but little else — as they took different paths toward building businesses that at one point controlled nearly $1.4 trillion in combined assets. The corporate headquarters for T. Rowe Price Group Inc. and Legg Mason Inc. were, [...]

Legg Mason assets rise slightly

BY: Associated Press
POSTED: January 12, 2011
Tags: asset-management, assets, Baltimore, Legg Mason, maryland, rise, stock, wall street

Legg Mason Inc. reported assets under management rose a miniscule 0.6 percent in December 2010 compared to the prior month. The Baltimore-based asset management company recorded $671.8 billion in the investments it managed in December 2010, compared to $667.7 billion in November. For the year-to-year comparison, assets under management dropped $9.8 billion, or about 1.4 [...]