Legg Mason downgraded to Underperform from Market Perform at BMO Capital BMO Capital downgraded Legg Mason given rate pressure from mix shift towards more liquidity vs. less equity. Price target is $26.
Legg Mason reports assets under management $702.7B as of March 31 Legg Mason reported preliminary assets under management of $702.7B as of March 31. This month's AUM included preliminary long-term inflows of $2.6B driven by fixed income inflows of $3.9B. Equity and Liquidity outflows were $1.3B and $6.5B, respectively. March AUM included a negative foreign exchange impact of $3.2B.