Legg Mason, Inc.

Legg Mason, Inc.

Legg Mason, Inc.

Overview
Date Founded

1981

Headquarters

100 International Drive,Baltimore, MD 21202-1099

Type of Company

Public

Employees (Worldwide)

3,246

Industries

Investment Services & Portfolio Management
Other Insurance Services

Company Description

Since its founding in 1899 in Baltimore, Maryland, Legg Mason has evolved into one of the largest asset management firms in the world, serving individual and institutional investors on six continents. Today's Legg Mason is a diversified group of global asset management firms ("affiliates") who are recognized for their proven investment expertise and long-term performance. The principal investment affiliates of Legg Mason are among the industry leaders in their respective areas of specialization, with unique investment approaches that have been developed over decades. The distinctive Legg Mason “multi-affiliate” business model provides clients with a broad spectrum of Equity, Fixed Income, Liquidity and Alternatives solutions, from mutual funds to college savings plans to variable annuities to separately managed accounts. Legg Mason affiliates operate with investment autonomy, with each affiliate pursuing its own unique investment philosophy and process and maintaining its own investment culture, in order to create sustainable value for its clients. Legg Mason provides global distribution and invests in growth through core strategic services including capital allocation for product development, investing in our existing affiliates and making new acquisitions. The diversification and balance of Legg Mason have fueled the company’s performance over its twenty-nine year history as a public company. Legg Mason is one of the largest asset managers in the world, with assets under management of $648 billion as of December 31, 2012

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Executives & Employees

Chairman & Chief Executive Officer

Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Human Resources Officer

Chief Diversity Officer

Global Head of Affiliate Strategic Initiatives

Head, Media Relations

Executive Vice President & Head, Global Distribution

Vice President & Deputy General Counsel

Chairman, Chief Executive Officer & President of Western Asset Investment Grade Defined Opportunity Trust

Board of Directors

Chairman & Chief Executive Officer at Legg Mason, Inc.

Chief Executive Officer & Founding Partner at Trian Fund Management LP

Founding Partner at Trian Fund Management LP

Former Vice President of Corporate Controller at Dell, Inc.

Former Chief Executive Officer at DST Systems, Inc.

Limited Partner at Sogal Ventures LLC

Chairman & Chief Executive Officer at At&t Pension Fund

Former Chief Human Resources & Citizenship Officer at State Street Corporation

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Legg Mason, Inc.
Owners & Shareholders
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Clarkston Capital Partners' (CCP) investment approach is based on a quality and value investment philosophy. The firm's equity investment philosophy is based on the belief that the best way to achieve long-term stock portfolio performance is to buy quality companies that are undervalued in the market. The primary objective of CCP's fixed income philosophy is capital preservation. The firm's equity strategies include: the Clarkston Small-Mid Cap Equity Strategy, the Clarkston Large-Cap Equity Strategy, and the Clarkston Dividend Strategy. All strategies are governed by the firm's disciplined investment methodology which results in a concentrated portfolio of quality businesses. CCP invests in stocks of individual quality companies with sustainable competitive advantages resulting in consistently high Cash Returns on Net Operating Assets (CRONOA) and management teams capable of generating high returns on capital. When appropriate,CCP's fixed income portfolios are constructed to minimize risk while generating consistent cash flow. Clarkston Capital invests primarily in municipal state general obligations rated at least AA by the major rating agencies, U.S. Treasuries and high grade corporate bonds issued by firms with strong balances sheets, sustainable competitive advantages and consistent free cash flow generation. All fixed income holdings will be investment grade or better at the time of investment and current maturities will be less than 10 years.

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Trian Fund Management typically invests in publicly-traded equity securities with attractive business models that they believe trade significantly below intrinsic value primarily due to operating underperformance and/or under-management. However, they may also invest in a range of securities and instruments, including US and non-US equity and equity-related securities (including distressed investments), bonds, bank debt and other fixed income investments, futures, forward contracts, warrants, options, repurchase agreements, reverse repurchase agreements, bankruptcy and trade claims, swaps and other derivative instruments, currencies, commodities, money market securities and other cash equivalents. The funds generally may take either long or short positions and most of the funds may use leverage in connection with their activities. The funds may also participate in going-private transactions and invest in privately-held companies. Trian Fund Management employs fundamental analysis, including equity valuation analysis and credit analysis.

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GAMCO invests in a variety of US and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. They offer a wide spectrum of investment products and strategies under the Gabelli and GAMCO brands covering US equities, US fixed income, global and international equities, and convertible securities using value and growth investment styles, a variety of capitalization sizes, and ESG strategies. The firm's value portfolio uses fundamental research to identify undervalued companies whose securities trade at a significant discount to the price that they believe an investor would be willing to pay to acquire such companies. The firm also seeks to identify catalysts that might unlock private market value. GAMCO's growth portfolio invests in companies with superior growth prospects whose stocks appear undervalued relative to their future earnings stream.

Recent Transactions
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Franklin Templeton Investments purchases Legg Mason, Inc.

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Legg Mason, Inc., ClearBridge Investments LLC purchase RARE Infrastructure Ltd. from Aurora Trust

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Legg Mason, Inc., Clarion Partners LLC / Private Equity purchase ThreadGreen Europe Ltd.

Transaction Clients
Investment Advisor

Advised on National City Corp. purchases Allegiant Bancorp, Inc. (St. Louis, Missouri)

Investment Advisor

Advised on Conduent Business Services LLC purchases Computer Data Systems, Inc.

Investment Advisor

Advised on D&E Communications, Inc. purchases Conestoga Enterprises, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onLegg Mason, Inc. purchases Citibank Global Asset Management from Citigroup, Inc.

Accountant

Advised onLegg Mason, Inc. purchases Johnson Fry Holdings Plc

Legal Advisor

Advised onLegg Mason, Inc. purchases The Permal Group Ltd. from Sequana SA

Legal Advisor

Advised onLegg Mason, Inc. purchases Citibank Global Asset Management from Citigroup, Inc.

Associate

Advised onFranklin Templeton Investments purchases Legg Mason, Inc.

Associate

Advised onFranklin Templeton Investments purchases Legg Mason, Inc.

Advisors & Consultants
Legal Advisor

Chairman, Investment Banking at Stifel, Nicolaus & Co., Inc.

Legal Advisor

Washington, DC Office Co-Managing Partner at Winston & Strawn LLP

Legal Advisor

Partner at Morgan, Lewis & Bockius LLP

Clients

Westwood Holdings Group, Inc. which through its subsidiaries, engages in managing investment assets and provision of services for its clients. The firm operates through the following segments: Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals and the Westwood Funds, as well as investment sub advisory services to mutual funds and its trust segment. The Trust segment offers trust and custodial services to its clients and to its advisory segment and sponsors common trust funds to institutions and high net worth individuals. The company was founded by Susan Montgomery Byrne on December 12, 2001 and is headquartered in Dallas, TX.

Western Asset Mortgage Capital Corp. is a real estate investment trust, which engages in managing a diversified portfolio of assets. It focuses on investing in, financing, and managing real estate related securities, whole loans, and other financial assets. The company was founded on June 3, 2009 and is headquartered in Pasadena, CA.

DBS Group Holdings Ltd. is an investment company, which engages in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The Others segment covers activities from corporate decisions and income; and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.

Key Stats and Financials As of 2019
Market Capitalization
$4.06B
Total Enterprise Value
$4.32B
Earnings Per Share
$-0.38
Revenue
$2.9B
Net Profit
$-32.7M
EBITDA
$551M
EBITDAMargin
19%
Total Debt
$2.22B
Total Equity
$4.38B
Enterprise Value Sales
1.49x
Enterprise Value EBITDAOperating
7.84x
TEVNet Income
-132.11x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
3.27%
Five Year Compounded Annual Growth Rate Of Revenue
1.08%
Non-Profit Donations & Grants
$1,000 - $2,499
2015
$5,000 - $10K
2013
Political Donations
Investments
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RARE Infrastructure Ltd. operates as an investment management company. It focuses exclusively on global listed infrastructure, which provides its services to trustees of Australian superannuation funds, mutual funds, and investment companies registered outside U.S. The company was founded by Richard Elmslie and Nick Langley on August 20, 2006 and is headquartered in Sydney, Australia.

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Quantifeed HK Ltd. provides digital investment solutions to the financial institutions. It offers platform that allows users to explore, customize, invest, and manage portfolios of stocks, bonds, funds, and other asset classes. The company was founded by Alex Ypsilanti and Ross Milward in 2013 and is headquartered in Hong Kong.

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Spot Runner, Inc. provides next generation advertising services. The company was founded by Nick Grouf and David Waxman in 2004 and is headquartered in Studio City, CA.

Investors
Details Hidden

Chief Executive Officer & Founding Partner at Trian Fund Management LP

Suppliers
Empire State Realty Trust, Inc. Trusts & Funds | New York, NY

Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the Real Estate and Observatory segments. The real estate segment includes ownership, management, operation, acquisition, repositioning and disposition of real estate assets. The Observatory segment manages observatories at the empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.

Forest City Realty Trust, Inc. Trusts & Funds | Cleveland, OH

Forest City Realty Trust, Inc. engages in the provision of real estate investment. Its activities include ownership, development, management, and acquisition of commercial and residential real estate throughout the United States. The company's project portfolio consists of apartment properties, build-to-suit buildings, and regional and urban retail centers. Forest City Realty Trust was founded by Charles Ratner, Max, Ratner, Leonard Ratner and Fannye Ratner in 1920 and is headquartered in Cleveland, OH.

Primerica, Inc. Investment Services & Portfolio Management | Duluth, GA

Primerica, Inc. engages in the providing financial products to middle income households. It operates through the following three segments: Term Life Insurance; Investment & Savings Products; and Corporate & Other Distributed Products. The Term Life Insurance segment provides insurance through its subsidiaries Primerica Life, NBLIC, and Primerica Life Canada. The Investment & Savings Products segment distributes and sells variety of mutual funds, managed investments, variable and fixed annuities, fixed indexed annuities, and segregated funds. The Corporate &Other Distributed Products segment distributes prepaid legal services, auto, and homeowners insurance referrals and home automation solutions; and offers mortgage loan referrals and insurance offerings for small businesses. The company was founded by Arthur L. Williams, Jr. on February 10, 1977 and is headquartered in Duluth, GA.

Awards & Honors
Rank #768
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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