Legg Mason Assets Under Management Down in August 2011

Legg Mason, Inc. (NYSE: LM) with headquarters in the Harbor East section of Baltimore reported a decline in Assets Under Management (AUM) for the month of August 2011.

Preliminary results showed total AUM of $643.4 Billion as of August 31, 2011 compared to $655.4 Billion in July 2011.

Legg Mason is one of Baltimore's largest companies and is a global asset manager with a market value of approximately $3.88 Billion.

Legg Mason stock was down slightly in Wednesday morning trading after a run up of more than a $1 that continued from Monday into Tuesday trading. The stock is currently trading at $26.46 a share down $-0.16 cents or -0.60%, in a trading range between $26.31 and $26.92.

LEGG MASON, INC. AND SUBSIDIARIES

 

(Amounts in billions)

 

(Unaudited)

 
                             

Assets Under Management

                     
                             
     

Preliminary

                     
     

August 2011

 

July 2011

 

June 2011

 

March 2011

 

December 2010

 

September 2010

 

Equity

 

$         162.6

 

$   176.2

 

$    181.5

 

$      189.6

 

$             184.2

 

$              169.6

 

Fixed Income

 

367.2

 

370.6

 

365.4

 

356.6

 

355.8

 

371.6

 
 

Long-Term

 

529.8

 

546.8

 

546.9

 

546.2

 

540.0

 

541.2

 

Liquidity

 

113.6

 

108.6

 

115.6

 

131.4

 

131.8

 

132.3

 
 

Total

 

$         643.4

 

$   655.4

 

$    662.5

 

$      677.6

 

$             671.8

 

$              673.5

 
                           

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