NYSE:LM - Legg Mason Stock Price, News, & Analysis

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$32.41 +0.18 (+0.56 %)
(As of 09/21/2018 10:37 AM ET)
Previous Close$32.33
Today's Range$32.31 - $32.52
52-Week Range$29.54 - $47.13
Volume4,402 shs
Average Volume699,051 shs
Market Capitalization$2.71 billion
P/E Ratio8.68
Dividend Yield4.28%
Beta1.87
Legg Mason logoLegg Mason, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients. It launches and manages equity, fixed income, and multi-asset customized portfolios through its subsidiaries. The firm also launches and manages mutual funds and exchange traded funds for its clients through its subsidiaries. It invests in private and public equity, fixed income, and multi asset markets across the globe through its subsidiaries. Through its subsidiaries, the firm also invests in alternative markets. It also employs a combination of fundamental and quantitative research to make its investments through its subsidiaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:LM
CUSIP52490110
Phone410-539-0000

Debt

Debt-to-Equity Ratio0.58
Current Ratio2.41
Quick Ratio1.64

Price-To-Earnings

Trailing P/E Ratio8.68
Forward P/E Ratio9.37
P/E Growth0.55

Sales & Book Value

Annual Sales$3.14 billion
Price / Sales0.88
Cash Flow$5.1691 per share
Price / Cash6.27
Book Value$45.57 per share
Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$3.72
Net Income$285.07 million
Net Margins11.87%
Return on Equity8.12%
Return on Assets3.90%

Miscellaneous

Employees3,275
Outstanding Shares85,460,000
Market Cap$2.71 billion

Legg Mason (NYSE:LM) Frequently Asked Questions

What is Legg Mason's stock symbol?

Legg Mason trades on the New York Stock Exchange (NYSE) under the ticker symbol "LM."

How often does Legg Mason pay dividends? What is the dividend yield for Legg Mason?

Legg Mason announced a quarterly dividend on Tuesday, July 31st. Shareholders of record on Friday, October 5th will be given a dividend of $0.34 per share on Tuesday, October 23rd. This represents a $1.36 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Thursday, October 4th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) posted its quarterly earnings data on Wednesday, July, 25th. The asset manager reported $0.75 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.78 by $0.03. The asset manager had revenue of $747.91 million for the quarter, compared to analyst estimates of $748.72 million. Legg Mason had a net margin of 11.87% and a return on equity of 8.12%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. View Legg Mason's Earnings History.

When is Legg Mason's next earnings date?

Legg Mason is scheduled to release their next quarterly earnings announcement on Wednesday, October, 24th 2018. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

10 equities research analysts have issued 1-year price targets for Legg Mason's shares. Their predictions range from $31.00 to $53.00. On average, they expect Legg Mason's share price to reach $44.40 in the next twelve months. This suggests a possible upside of 36.7% from the stock's current price. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for Legg Mason?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Legg Mason.

Who are some of Legg Mason's key competitors?

Who are Legg Mason's key executives?

Legg Mason's management team includes the folowing people:
  • Mr. Joseph A. Sullivan, Chairman, CEO & Pres (Age 60)
  • Mr. Peter Hamilton Nachtwey, CFO & Sr. EVP (Age 62)
  • Mr. Thomas Clifton Merchant, Gen. Counsel, Exec. VP & Corp. Sec. (Age 50)
  • Mr. Terence Johnson, Head of Global Distribution & Exec. VP (Age 45)
  • Mr. Thomas Karl Hoops, Head of Bus. & Product Devel. and Exec. VP (Age 53)

Has Legg Mason been receiving favorable news coverage?

News articles about LM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Legg Mason earned a coverage optimism score of 0.18 on Accern's scale. They also assigned media headlines about the asset manager an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Legg Mason.

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.00%), FMR LLC (4.96%), FMR LLC (4.96%), Dimensional Fund Advisors LP (4.77%), LSV Asset Management (4.72%) and Clarkston Capital Partners LLC (4.35%). Company insiders that own Legg Mason stock include Joseph A Sullivan, Patricia Lattin, Terence Johnson, Thomas C Merchant, Tian Qiao Chen and Ursula Schliessler. View Institutional Ownership Trends for Legg Mason.

Which institutional investors are selling Legg Mason stock?

LM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Impax Asset Management LLC, BlackRock Inc., Chicago Equity Partners LLC, Gamco Investors INC. ET AL, Russell Investments Group Ltd. and Bank of America Corp DE. Company insiders that have sold Legg Mason company stock in the last year include Joseph A Sullivan, Patricia Lattin and Thomas C Merchant. View Insider Buying and Selling for Legg Mason.

Which institutional investors are buying Legg Mason stock?

LM stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Clarkston Capital Partners LLC, Algebris UK Ltd, LSV Asset Management, Millennium Management LLC, WINTON GROUP Ltd, Macquarie Group Ltd. and Federated Investors Inc. PA. View Insider Buying and Selling for Legg Mason.

How do I buy shares of Legg Mason?

Shares of LM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Legg Mason's stock price today?

One share of LM stock can currently be purchased for approximately $32.49.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $2.71 billion and generates $3.14 billion in revenue each year. The asset manager earns $285.07 million in net income (profit) each year or $3.72 on an earnings per share basis. Legg Mason employs 3,275 workers across the globe.

How can I contact Legg Mason?

Legg Mason's mailing address is 100 INTERNATIONAL DRIVE, BALTIMORE MD, 21202. The asset manager can be reached via phone at 410-539-0000 or via email at [email protected]


MarketBeat Community Rating for Legg Mason (NYSE LM)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  397 (Vote Outperform)
Underperform Votes:  588 (Vote Underperform)
Total Votes:  985
MarketBeat's community ratings are surveys of what our community members think about Legg Mason and other stocks. Vote "Outperform" if you believe LM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/21/2018 by MarketBeat.com Staff

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