LMIBL Legg Mason

Legg Mason, Inc. provides securities brokerage, trading and investment services. The firm's segment includes Global Asset Management. The segment: Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds. It also offers Mutual Funds, ETFs, Closed-End Funds, Managed Accounts, Money Market Funds, Variable Investments and 529 College Savings Plans. The company was founded in 1981 and is headquartered in Baltimore, MD.

Company profile

Joseph Andrew Sullivan
Fiscal year end
Industry (SIC)
Former names
Legg Mason Inc
IRS number

LMIBL stock data


Investment data

Data from SEC filings
Holdings list only includes long positions. Only includes long positions.


31 Jul 20
24 Jun 21
31 Mar 22
Quarter (USD)
Jun 20 Dec 19 Sep 19 Jun 19
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Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
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Financial data from Legg Mason earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Feb 21 Legg Mason Common Stock Buy Aquire P No No 10.2 828,431.373 8.45M 5,148,181.467
31 Jul 20 Sullivan Joseph A Common Stock Sale back to company Dispose D Yes No 0 6,665 0 0
31 Jul 20 Sullivan Joseph A Common Stock Sale back to company Dispose D No No 0 702,645.52 0 0
31 Jul 20 Sullivan Joseph A Phantom Stock Units Common Stock Sale back to company Dispose D No No 0 4,011.84 0 0
31 Jul 20 Sullivan Joseph A Stock Options Common Stock Sale back to company Dispose D No No 47.64 336 16.01K 0
31 Jul 20 Sullivan Joseph A Stock Options Common Stock Sale back to company Dispose D No No 37.64 49,820 1.88M 0
31 Jul 20 Peter Nachtwey Common Stock Sale back to company Dispose D No No 0 176,585.5 0 0
31 Jul 20 Peter Nachtwey Stock Options Common Stock Sale back to company Dispose D No No 37.64 28,572 1.08M 0
31 Jul 20 Peter Nachtwey Stock Options Common Stock Sale back to company Dispose D No No 31.24 15,179 474.19K 0
31 Jul 20 Thomas C Merchant Common Stock Sale back to company Dispose D No No 0 92,269.63 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 2 EXIT
Opened positions 0 0
Closed positions 2 1 +100.0%
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 0 8.45M EXIT
Total shares 0 330K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
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Largest transactions
Shares Bought/sold Change
Iat Reinsurance 0 -320K EXIT
CCM Investment Advisers 0 -10K EXIT

Financial report summary

  • Regulatory Approvals May Not be Received, May Take Longer Than Expected or May Impose Conditions That Are Not Presently Anticipated or Cannot be Met.
  • Failure of the Merger to be Completed, the Termination of the Merger Agreement or a Significant Delay in the Consummation of the Merger could Negatively Impact Us.
  • We Will be Subject to Business Uncertainties and Contractual Restrictions While the Merger is Pending.
  • Litigation Against Us or Franklin Templeton, or the Members of Our or Franklin Templeton Board of Directors, Could Prevent or Delay the Completion of the Merger.
  • Poor Investment Performance Could Lead to a Loss of Assets Under Management and a Decline in Revenues
  • Increased Geopolitical Unrest and Other Events Outside Of Our Control Could Adversely Affect the Global Economy or Specific International, Regional and Domestic Markets, Which May Cause Our AUM, Revenue and Earnings to Decline.
  • Assets Under Management May Be Withdrawn, Which May Reduce Our Revenues and Net Income
  • If We Are Unable to Maintain Our Fee Levels or If Our Asset Mix Changes, our Revenues and Margins Could Be Reduced
  • Our Mutual Fund Management Contracts May Not Be Renewed, Which May Reduce our Revenues and Net Income
  • Unavailability of Appropriate Investment Opportunities Could Hamper our Investment Performance or Growth
  • Changes in Securities Markets and Prices May Affect our Revenues and Net Income
  • Changes in Interest Rates Could Have Adverse Effects on our Assets Under Management
  • Competition in the Asset Management Industry Could Reduce our Revenues and Net Income
  • Failure to Properly Address the Increased Transformative Pressures Affecting the Asset Management Industry Could Negatively Impact our Business
  • We May Support Government and Retail Money Market Funds to Maintain Their Stable Net Asset Values, or Other Products We Manage, Which Could Affect our Revenues or Operating Results
  • Failure to Comply With Contractual Requirements or Guidelines Could Result in Liability and Loss of Assets Under Management, Both of Which Could Cause our Net Income to Decline
  • The Soundness of Other Financial Institutions Could Adversely Affect our Business
  • Performance-Based Fee Arrangements May Increase the Volatility of our Revenues
  • We Rely Significantly on Third Parties to Distribute Mutual Funds and Certain Other Products
  • Our Funds-of-Hedge Funds Business Entails a Number of Additional Risks
  • Our Leverage May Affect our Business and May Restrict our Operating Results
  • If our Reputation is Harmed, We Could Suffer Losses in our Business, Revenues and Net Income
  • Failure to Properly Address Conflicts of Interest Could Harm our Reputation, Business and Results of Operations
  • Loss of Key Personnel Could Harm our Business
  • Our Business is Subject to Numerous Operational Risks
  • Failure to implement effective information and cybersecurity policies, procedures and capabilities could disrupt operations and cause financial losses
  • Failure to Establish Adequate Controls and Risk Management Policies, or the Circumvention of Controls And Policies Could Have an Adverse Effect on our Reputation and Financial Position.
  • We May Incur Right of Use Asset Impairment Charges Related to Leased Facilities
  • Potential Impairment of Goodwill and Intangible Assets Could Increase our Expenses and Reduce our Assets
  • Our Deferred Tax Assets May Not Be Fully Realizable
  • We Are Exposed to a Number of Risks Arising From our International Operations
  • Regulatory Matters May Negatively Affect our Business and Results of Operations
  • Our Business Involves Risks of Being Engaged in Litigation, Regulatory Proceedings and Tax Disputes, Which May Result in Liability That Could Increase our Expenses and Reduce our Net Income
  • Insurance May Not Be Available on a Cost-Effective Basis to Protect us From Liability
Management Discussion
  • Item 2.        Management's Discussion and Analysis of Financial Condition and Results of Operations
  • This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve substantial risks or uncertainties. Forward-looking statements are typically identified by words or phrases such as “achieve,” “anticipate,” “assume,” “believe,” “continue,” “current,” “estimate,” “expect,” “intention,” “maintain,” “opportunity,” “position,” “potential,” “projection,” “remain,” “seek,” “sustain,” “trend” and similar expressions, or future or conditional verbs such as “could,” “may,” “should,” "will," "would" and similar expressions. Forward-looking statements are based on our current expectations and beliefs, and involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance and achievements and the timing of certain events to differ materially from the results, performance, achievements or timing discussed, projected, anticipated or indicated in any forward-looking statement. Such risks, uncertainties and other factors include, among others, information or anticipated information relating to: our expectations regarding financial market conditions, including interest rate volatility, future investment performance of our affiliates, and future net client cash flows; the performance of our business, including revenues, net income, earnings per share, dividends, investments, capital expenditures, and other conditions; our expense levels; changes in our business or in the amount or composition of our client assets under management ("AUM"); the expected effects of acquisitions and other transactions, including the proposed merger between Legg Mason and Franklin Resources, Inc. ("Franklin Templeton"), and their effect on our business; changes in tax regulations and rates, including the effect on our estimated effective income tax rate; the expected costs and benefits of our ongoing strategic restructuring; and other regulatory or legislative changes.
  • Actual results may differ materially from those expressed in forward-looking information as a result of various factors, some of which are beyond our control, including, but not limited to, the foregoing factors as well as those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended March 31, 2020. Due to such risks, uncertainties and other factors, we caution each person receiving such forward-looking information not to place undue reliance on such statements. Further, forward-looking statements speak only as of the date on which such statements are made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date of any such statement or to reflect the occurrence of unanticipated events.
Content analysis
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