Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Earnings, AUM up at Legg Mason Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 25, 2005

Earnings, AUM up at Legg Mason

by: Theresa Sim

Legg Mason's net income from continuing operations increased 38 percent from the same period last year, for a total of $92.1 million, or $0.75 in earnings per diluted share. Total earnings from continued and discontinued operations were $0.99 per diluted share.

Assets under management were $416.6 billion, an increase of 34 percent over the same period last year, or five percent from the previous quarter. Net inflows accounted for $71.7 billion, or 68 percent, of the $10.56 billion in asset gain in the year-over-year period.

Quarter-over-quarter, net client cash flows accounted for $13.9 billion of the $19.1 billion increase, with Western Asset being the main contributor.

At the quarter's end, institutional assets made up 67 percent of total assets, mutual funds contributed 21 percent and wealth management made up 12 percent, roughly unchanged compared to the quarter before.

Investment advisory fees from mutual funds totaled $135.1 million, an increase of 7.8 percent from the quarter before and 23.5 percent from the same period last year.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use