Dennis Kass - Legg Mason Non-Executive Chairman of the Board
Chairman
Mr. Dennis M. Kass is No Longer Independent Director of the Company., Effective July 25, 2017. Mr. Kass was a director of Legg Mason since April 2013 and served as our independent Chairman from July 2013 until October 2014. Mr. Kass retired in 2012 as Chairman and Chief Executive Officer of Jennison Associates, an asset management company whollyowned by Prudential Financial, Inc., having served as Chairman and CEO of Jennison Associates from 2003 through 2011. Previously, he had spent more than a decade with JP Morgans investment management unit, culminating in the position of Vice Chairman and Chief Fiduciary Officer of JP Morgan Fleming Asset Management. Mr. Kass served in the Reagan Administration from 1985 to 1987 as the Assistant Secretary of Labor for Pension and Welfare Benefits and was a Special Assistant to the President for Policy Development from 1981 to 1982. From 2013 to 2014, Mr. Kass was the Vice Chairman and a Senior Advisor at Ridgeway Partners, an executive search firm. Mr. Kass has served as a director of The Wendys Company since December 2015. He is a past trustee and vice chairman of the Financial Accounting Foundation and currently serves as a member of the Advisory Board of Lockheed Martin Investment Management Company, a trustee of Princeton Theological Seminary and on the Advisory Board for Finance and the Global Executive Board of M.I.T.s Sloan School of Management. Mr. Kass qualifications to serve on our Board include the knowledge and experience gained in the combination of more than 20 years of asset management experience and his public service in the Reagan Administration. In addition, he gained extensive leadership experience serving as the Chief Executive Officer of Jennison Associates and serving on various boards. Our Board has determined that Mr. Kass qualifies as an audit committee financial expert under the rules and regulations of the SEC. since 2016.
| Age | 64 |
| Tenure | 8 years |
| Phone | 410 539-0000 |
| Web | www.leggmason.com |
Legg Mason Management Efficiency
The company has Return on Asset (ROA) of 4.74 % which means that for every $100 of assets, it generated a profit of $4.74. This is typical in the industry. Likewise, it shows a return on total equity (ROE) of 6.69 %, which means that it produced $6.69 on every 100 dollars invested by current stockholders. Legg Mason's management efficiency ratios could be used to measure how well Legg Mason manages its routine affairs as well as how well it operates its assets and liabilities.The company reports 2.57 B of total liabilities with total debt to equity ratio (D/E) of 0.57, which is normal for its line of buisiness. Legg Mason has a current ratio of 2.22, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Legg Mason until it has trouble settling it off, either with new capital or with free cash flow. So, Legg Mason's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Legg Mason sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Legg to invest in growth at high rates of return. When we think about Legg Mason's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 6.69 | |||
| Return On Asset | 4.74 |
Legg Mason Leadership Team
Elected by the shareholders, the Legg Mason's board of directors comprises two types of representatives: Legg Mason inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Legg. The board's role is to monitor Legg Mason's management team and ensure that shareholders' interests are well served. Legg Mason's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Legg Mason's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alan Magleby, IR Contact Officer | ||
| John Kenney, Global Head - Affiliate Strategic Initiatives | ||
| W Reed, Independent Director | ||
| Frances Cashman, Global Head - Communications and Engagement | ||
| Patricia Lattin, Chief Human Resource Officer | ||
| Joseph Sullivan, Chairman of the Board, President, Chief Executive Officer | ||
| Nelson Peltz, Independent Director | ||
| Kurt Schmoke, Independent Director | ||
| Terence Johnson, Executive Vice President, Head - Global Distribution | ||
| Robert Chiu, Director | ||
| Peter Nachtwey, Chief Financial Officer, Senior Executive Vice President | ||
| Alison Quirk, Independent Director | ||
| Edward Garden, Independent Director | ||
| Barry Huff, Independent Director | ||
| Thomas Hoops, Executive Vice President Head of Business and Product Development | ||
| WenYu Chiu, Independent Director | ||
| Thomas Merchant, Executive Vice President General Counsel, Corporate Secretary | ||
| Allen Reed, Independent Director | ||
| Ursula Schliessler, Executive Vice President, Chief Administrative Officer | ||
| Stephen Hooley, Director | ||
| Margaret Richardson, Independent Director | ||
| Tianqiao Chen, Vice Chairman of the Board | ||
| Michelle Goldberg, Independent Director | ||
| Cheryl Krongard, Independent Director | ||
| Carol Davidson, Independent Director | ||
| Roger Paradiso, Head - Alternative Distribution Strategies | ||
| Robert Angelica, Independent Director | ||
| John Murphy, Lead Independent Director | ||
| John Myers, Independent Director | ||
| Dennis Kass, Non-Executive Chairman of the Board |
Legg Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Legg Mason a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 6.69 | |||
| Return On Asset | 4.74 | |||
| Profit Margin | 8.86 % | |||
| Operating Margin | 23.19 % | |||
| Current Valuation | 6.63 B | |||
| Shares Outstanding | 88.07 M | |||
| Shares Owned By Insiders | 2.32 % | |||
| Shares Owned By Institutions | 81.69 % | |||
| Number Of Shares Shorted | 13.62 M | |||
| Price To Earning | 17.77 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Legg Mason in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Legg Mason's short interest history, or implied volatility extrapolated from Legg Mason options trading.
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Other Consideration for investing in Legg Stock
If you are still planning to invest in Legg Mason check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Legg Mason's history and understand the potential risks before investing.
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