Legg Mason Company Profile (NYSE:LM)

About Legg Mason

Legg Mason logoLegg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: Asset Management & Custody Banks
  • Exchange: NYSE
  • Symbol: LM
  • CUSIP: 52490110
Key Metrics:
  • Previous Close: $33.37
  • 50 Day Moving Average: $34.14
  • 200 Day Moving Average: $32.97
  • 52-Week Range: $24.93 - $46.41
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.24
  • P/E Growth: 0.98
  • Market Cap: $3.46B
  • Outstanding Shares: 103,627,000
  • Beta: 1.63
Profitability:
  • Net Margins: -3.25%
  • Return on Equity: 7.06%
  • Return on Assets: 4.09%
Debt:
  • Debt-to-Equity Ratio: 0.42%
  • Current Ratio: 1.53%
  • Quick Ratio: 0.99%
Additional Links:
Companies Related to Legg Mason:

Analyst Ratings

Consensus Ratings for Legg Mason (NYSE:LM) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $37.67 (12.88% upside)

Analysts' Ratings History for Legg Mason (NYSE:LM)
Show:
DateFirmActionRatingPrice TargetDetails
9/12/2016Keefe, Bruyette & WoodsReiterated RatingOutperform$4.00View Rating Details
9/9/2016Morgan StanleyReiterated RatingHoldView Rating Details
8/11/2016Jefferies GroupReiterated RatingBuyView Rating Details
7/31/2016Barclays PLCReiterated RatingOverweight$41.00View Rating Details
7/28/2016Citigroup Inc.Boost Price TargetBuy$45.00 -> $50.00View Rating Details
7/18/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
5/5/2016Piper Jaffray Cos.Reiterated RatingOverweight$51.00View Rating Details
5/2/2016Royal Bank Of CanadaLower Price TargetSector Perform$41.00 -> $35.00View Rating Details
3/16/2016Credit Suisse Group AGUpgradeNeutral -> Outperform$39.00 -> $49.00View Rating Details
10/9/2015SusquehannaLower Price TargetNegative$36.00 -> $35.00View Rating Details
8/3/2015Stifel NicolausLower Price TargetOutperform$62.00 -> $61.00View Rating Details
1/13/2015Bank of America Corp.UpgradeNeutral -> Buy$62.00View Rating Details
(Data available from 9/28/2014 forward)

Earnings

Earnings History for Legg Mason (NYSE:LM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/28/2016        
7/27/2016Q1$0.25$0.31$681.99 million$700.20 millionViewListenView Earnings Details
4/29/2016Q4($0.47)($0.15)$631.88 million$619.50 millionViewListenView Earnings Details
1/22/2016Q316$0.70$1.45$569.60 millionViewListenView Earnings Details
10/30/2015Q216$0.64$0.89$690.78 million$673.10 millionViewListenView Earnings Details
7/31/2015Q116$0.83$1.14$702.72 million$708.60 millionViewListenView Earnings Details
5/1/2015Q415$0.99$1.03$697.40 million$702.30 millionViewN/AView Earnings Details
1/30/2015Q315$0.67$0.67$714.34 million$719.00 millionViewN/AView Earnings Details
10/31/2014Q215$0.33$0.04$705.50 million$703.90 millionViewN/AView Earnings Details
7/31/2014Q115$0.56$0.91$704.40 million$693.90 millionViewN/AView Earnings Details
5/1/2014Q414$0.58$0.58$693.60 million$681.40 millionViewN/AView Earnings Details
1/30/2014Q314$0.68$0.67$725.85 million$720.10 millionViewN/AView Earnings Details
10/25/2013Q214$0.61$0.70$659.38 million$669.90 millionViewN/AView Earnings Details
7/25/2013Q1 2014$0.46$0.68$657.20 million$670.40 millionViewN/AView Earnings Details
4/30/2013Q4 2013$0.20$0.23$645.69 million$667.80 millionViewN/AView Earnings Details
2/1/2013Q3 2013($3.23)($3.45)$677.45 million$673.90 millionViewN/AView Earnings Details
10/26/2012Q213$0.56$0.60$634.72 million$640.30 millionViewN/AView Earnings Details
7/27/2012$0.30$0.25ViewN/AView Earnings Details
5/1/2012$0.47$0.55ViewN/AView Earnings Details
1/27/2012$0.25$0.20ViewN/AView Earnings Details
10/27/2011$0.40$0.61ViewN/AView Earnings Details
7/28/2011$0.41$0.40ViewN/AView Earnings Details
5/3/2011$0.45$0.45ViewN/AView Earnings Details
1/26/2011$0.41$0.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Legg Mason (NYSE:LM)
Current Year EPS Consensus Estimate: $2.31 EPS
Next Year EPS Consensus Estimate: $3.26 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.14$1.07$0.81
Q4 20161$0.14$0.14$0.14
Q1 20171$0.65$0.65$0.65
Q2 20172$0.93$1.34$1.14
Q3 20172$0.66$1.37$1.02
Q4 20172$0.69$1.40$1.05
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Legg Mason (NYSE:LM)
Annual Dividend:$0.88
Dividend Yield:2.64%
Dividend Growth:13.70% (3 Year Average)
Payout Ratio:-103.53% (Based on Trailing 12 Months of Earnings)
38.10% (Based on Current Year Consensus EPS Estimate)
26.99% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Legg Mason (NYSE:LM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2016quarterly$0.222.62%10/4/201610/6/201610/24/2016
4/29/2016quarterly$0.222.76%6/9/20166/13/20167/5/2016
1/22/2016quarterly$0.202.71%2/8/20162/10/20164/11/2016
10/30/2015quarterly$0.201.75%12/14/201512/16/20151/11/2016
8/4/2015quarterly$0.201.61%10/6/201510/8/201510/26/2015
5/1/2015quarterly$0.201.45%6/12/20156/16/20157/13/2015
2/5/2015quarterly$0.161.12%3/10/20153/12/20154/13/2015
10/31/2014quarterly$0.161.21%12/15/201412/17/20141/12/2015
7/31/2014quarterly$0.161.35%10/7/201410/9/201410/27/2014
4/30/2014quarterly$0.161.36%6/13/20146/17/20147/14/2014
1/31/2014quarterly$0.131.3%3/11/20143/13/20144/14/2014
10/25/2013quarterly$0.131.36%12/9/201312/11/20131/6/2014
7/25/2013quarterly$0.131.48%10/1/201310/3/201310/21/2013
4/23/2013quarterly$0.131.68%6/7/20136/11/20137/8/2013
2/1/2013quarterly$0.111.66%3/12/20133/14/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Legg Mason (NYSE:LM)
Insider Ownership Percentage: 1.94%
Institutional Ownership Percentage: 78.66%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/22/2016Tian Qiao ChenMajor ShareholderSell16,000$32.11$513,760.00View SEC Filing  
6/6/2016Carol Anthony DavidsonDirectorBuy3,000$33.92$101,760.00View SEC Filing  
5/2/2016Terence JohnsonEVPSell9,519$31.65$301,276.35View SEC Filing  
5/2/2016Ursula SchliesslerCAOSell1,659$31.69$52,573.71View SEC Filing  
4/11/2016Trian Fund Management Gp, LlcInsiderSell10,526,153$32.00$336,836,896.00View SEC Filing  
2/1/2016Joseph A. SullivanCEOSell53,418$29.70$1,586,514.60View SEC Filing  
1/26/2016John H MyersDirectorBuy2,000$29.77$59,540.00View SEC Filing  
1/26/2016Joseph A SullivanCEOBuy25,000$29.81$745,250.00View SEC Filing  
1/26/2016Peter NachtweyCFOBuy20,000$29.92$598,400.00View SEC Filing  
5/27/2015Nelson PeltzInsiderSell314,218$53.84$16,917,497.12View SEC Filing  
5/20/2015Nelson PeltzMajor ShareholderSell218,800$54.41$11,904,908.00View SEC Filing  
5/5/2015Nelson PeltzMajor ShareholderSell417,000$55.23$23,030,910.00View SEC Filing  
5/5/2015Ursula SchliesslerCAOSell1,518$55.32$83,975.76View SEC Filing  
5/1/2015Terence JohnsonEVPSell8,996$54.27$488,212.92View SEC Filing  
4/13/2015Nelson PeltzMajor ShareholderSell50,000$55.01$2,750,500.00View SEC Filing  
4/7/2015Nelson PeltzMajor ShareholderSell220,050$55.15$12,135,757.50View SEC Filing  
4/6/2015Nelson PeltzMajor ShareholderSell200,000$55.17$11,034,000.00View SEC Filing  
4/2/2015Nelson PeltzMajor ShareholderSell628,000$55.47$34,835,160.00View SEC Filing  
12/22/2014Cheryl Gordon KrongardDirectorSell1,240$54.27$67,294.80View SEC Filing  
11/28/2014Gali Bar-ZivInsiderBuy15,000$0.12$1,800.00
5/5/2014Terence JohnsonEVPSell9,100$46.10$419,510.00View SEC Filing  
10/29/2013W Allen ReedDirectorSell19,987$38.59$771,298.33View SEC Filing  
11/2/2012W Allen ReedDirectorBuy20,000$25.55$511,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Legg Mason (NYSE:LM)
DateHeadline
4-traders.com logoLegg Mason : When does active beat passive in small-cap? (NYSE:LM)
www.4-traders.com - September 26 at 5:59 PM
forbes.com logoThis Stock Has A 2.60% Yield, Sells For Less Than Book, and Insiders Have Been Buying (NYSE:LM)
www.forbes.com - September 26 at 5:59 PM
finance.yahoo.com logoWhen does active beat passive in small-cap? (NYSE:LM)
finance.yahoo.com - September 26 at 5:59 PM
publicnow.com logoInfrastructure Funds, New to U.S. Markets, Offer Investors Opportunity to Tap into Attractive Income and Growth Possibilities (NYSE:LM)
www.publicnow.com - September 22 at 5:43 PM
4-traders.com logoLegg Mason : Miller to acquire full stake in LMM from Legg Mason (NYSE:LM)
www.4-traders.com - September 20 at 11:05 AM
capitalcube.com logoLegg Mason, Inc. breached its 50 day moving average in a Bullish Manner : LM-US : September 20, 2016 (NYSE:LM)
www.capitalcube.com - September 20 at 11:05 AM
rttnews.com logoLegg Mason Posts AuM Of $737.2 Bln As Of August 31 - Quick Facts (NYSE:LM)
www.rttnews.com - September 13 at 10:45 AM
finance.yahoo.com logo8:04 am Legg Mason reports AUM decreased about 0.6% to $737.2 bln (NYSE:LM)
finance.yahoo.com - September 13 at 10:45 AM
publicnow.com logoLegg Mason Reports Assets Under Management and Flows For August 2016 (NYSE:LM)
www.publicnow.com - September 13 at 10:45 AM
nasdaq.com logoLM Makes Notable Cross Below Critical Moving Average (NYSE:LM)
www.nasdaq.com - September 12 at 5:42 PM
benzinga.com logoKBW Analysts Say Legg Mason Is 'On The Right Track Strategically' (NYSE:LM)
www.benzinga.com - September 9 at 5:43 PM
biz.yahoo.com logoLEGG MASON, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:LM)
biz.yahoo.com - September 8 at 5:46 PM
finance.yahoo.com logoA New Low Volatility, High Dividend EM ETF On the Way (NYSE:LM)
finance.yahoo.com - September 8 at 5:46 PM
thestreet.com logoHigh Yield Corporate Bonds Have Performed Well This Year, Says Legg Mason Manager (NYSE:LM)
www.thestreet.com - September 7 at 6:04 PM
biz.yahoo.com logoLEGG MASON, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits (NYSE:LM)
biz.yahoo.com - September 7 at 6:04 PM
publicnow.com logoLegg Mason to Host Investor Conference Call on Thursday, September 8, 2016 (NYSE:LM)
www.publicnow.com - September 1 at 5:47 PM
4-traders.com logoLegg Mason : Announces Joseph A. Sullivan, Chairman & CEO, to Speak at Barclays Global Financial Services Conference (NYSE:LM)
www.4-traders.com - August 31 at 10:45 AM
publicnow.com logoLegg Mason Announces Joseph A. Sullivan, Chairman & CEO, to Speak at Barclays Global Financial Services Conference (NYSE:LM)
www.publicnow.com - August 30 at 5:57 PM
investopedia.com logoLWBOX, SBLTX, LWCPX: 3 Top Legg Mason Fixed-Income Funds (NYSE:LM)
www.investopedia.com - August 23 at 10:24 AM
realistinvestor.com logoHere’s The Growth Forecast For Legg Mason, Inc. (NYSE:LM) (NYSE:LM)
www.realistinvestor.com - August 19 at 5:55 PM
nasdaq.com logoLM Crosses Above Key Moving Average Level (NYSE:LM)
www.nasdaq.com - August 19 at 8:58 AM
publicnow.com logoLegg Mason, Inc. Completes Acquisition of Financial Guard LLC (NYSE:LM)
www.publicnow.com - August 17 at 6:09 PM
bloomberg.com logoLegg Mason Enters Its Post-Bill Miller Era (NYSE:LM)
www.bloomberg.com - August 16 at 6:04 PM
bizjournals.com logoBill Miller: Stocks are 'stupidly cheap,' bonds 'ridiculously overpriced' (NYSE:LM)
www.bizjournals.com - August 15 at 6:09 PM
ft.com logo[$$] The week's news in brief: August 15 (NYSE:LM)
www.ft.com - August 14 at 10:32 AM
marketwatch.com logoBill Miller formally severs ties with Legg Mason (NYSE:LM)
www.marketwatch.com - August 12 at 6:03 PM
streetinsider.com logoLegg Mason (LM) Announces Bill Miller to Leave, Acquire Its Stake in LMM LLC (NYSE:LM)
www.streetinsider.com - August 12 at 6:03 PM
marketwatch.com logoTrian Fund Management eliminates Legg Mason, Tiffany positions (NYSE:LM)
www.marketwatch.com - August 12 at 6:03 PM
wsj.com logo[$$] End of an Era: Bill Miller Parts Ways With Legg Mason (NYSE:LM)
www.wsj.com - August 12 at 9:10 AM
wsj.com logoWealth Adviser Daily Briefing: Bill Miller, New Fidelity Fund, Helocs (NYSE:LM)
blogs.wsj.com - August 12 at 9:10 AM
wsj.com logo[$$] Veteran Stockpicker Bill Miller Parts Ways With Legg Mason (NYSE:LM)
www.wsj.com - August 11 at 6:14 PM
finance.yahoo.com logoRPT-Legg Mason's Bill Miller leaves firm amid faded glory (NYSE:LM)
finance.yahoo.com - August 11 at 6:14 PM
finance.yahoo.com logoLegg Mason (LM) AUM Improves in July, Inflows Recorded (NYSE:LM)
finance.yahoo.com - August 11 at 6:14 PM
feeds.benzinga.com logoBill Miller's 35-Year Tenure At Legg Mason Comes To An End (NYSE:LM)
feeds.benzinga.com - August 11 at 5:25 PM
feeds.reuters.com logoUPDATE 2-Legg Mason's Bill Miller leaves firm amid faded glory (NYSE:LM)
feeds.reuters.com - August 11 at 2:36 PM
cnbc.com logoVeteran fund manager Bill Miller leaves Legg Mason after 35 years (NYSE:LM)
www.cnbc.com - August 11 at 10:21 AM
feeds.reuters.com logoCORRECTED-UPDATE 1-Veteran fund manager Bill Miller leaves Legg Mason after 35 years (NYSE:LM)
feeds.reuters.com - August 11 at 9:55 AM
feeds.reuters.com logoUPDATE 1-Veteran fund manager Bill Miller leaves Legg Mason after 35 years (NYSE:LM)
feeds.reuters.com - August 11 at 9:55 AM
finanznachrichten.de logoBill Miller To Buy Legg Mason's Stake In LMM LLC (NYSE:LM)
www.finanznachrichten.de - August 11 at 9:04 AM
News IconHow These Asset Management Stocks are Faring? -- Legg Mason, Eaton Vance, Och-Ziff Capital Management, and SEI Investments (NYSE:LM)
www.kswo.com - August 11 at 9:04 AM
streetinsider.com logoLegg Mason (LM) Announces Bill Miller to Acquire Its Stake in LMM LLC (NYSE:LM)
www.streetinsider.com - August 11 at 9:04 AM
finance.yahoo.com logoBill Miller to Acquire Legg Mason's Stake in LMM LLC (NYSE:LM)
finance.yahoo.com - August 11 at 9:04 AM
bloomberg.com logoFamed Investor Bill Miller Leaves Legg Mason After 35 Years (NYSE:LM)
www.bloomberg.com - August 11 at 9:04 AM
publicnow.com logoBill Miller to Acquire Legg Mason’s Stake in LMM LLC (NYSE:LM)
www.publicnow.com - August 11 at 9:04 AM
finance.yahoo.com logoBill Miller leaves Legg Mason after 35 years (NYSE:LM)
finance.yahoo.com - August 11 at 9:04 AM
feeds.reuters.com logoBRIEF-Bill Miller to acquire Legg Mason's stake in LMM LLC (NYSE:LM)
feeds.reuters.com - August 11 at 8:34 AM
rttnews.com logoLegg Mason Posts AuM Of $756.6 Bln As Of July 31 - Quick Facts (NYSE:LM)
www.rttnews.com - August 10 at 8:56 AM
finance.yahoo.com logoLegg Mason Reports Assets Under Management and Flows For July 2016 (NYSE:LM)
finance.yahoo.com - August 10 at 8:56 AM
finance.yahoo.com logoInvesco's July AUM up 4.1% on Rise in all Asset Classes (NYSE:LM)
finance.yahoo.com - August 10 at 8:56 AM
finance.yahoo.com logoLEGG MASON, INC. Financials (NYSE:LM)
finance.yahoo.com - August 9 at 6:09 PM

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Legg Mason (NYSE:LM) Chart for Wednesday, September, 28, 2016


Last Updated on 9/28/2016 by MarketBeat.com Staff