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GAMCO Investors Comments on Legg Mason Inc.

Legg Mason Inc. (1.0%) ( LM )(LM - $41.61 - NYSE) is a consortium of investment managers, known as affiliates, which operate under separate brand names, including Royce & Associates in small cap equities, Western Asset Management in fixed income, and Permal in alternative strategies. As of August 2015, the firm had approximately $680 billion of assets under management. The company has generated strong investment performance while improving operating fundamentals. Using free cash flow, the company continues to actively retire shares through repurchases.

From the Gabelli Dividend Growth Fund third quarter 2015 commentary.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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