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: $37.27
  • 50 Day Moving Average: $33.63
  • 200 Day Moving Average: $32.71
  • 52-Week Range: $27.54 - $38.99
  • Trailing P/E Ratio: 38.19
  • Foreward P/E Ratio: 12.90
  • P/E Growth: 1.05
  • Market Cap: $3.63B
  • Outstanding Shares: 97,446,000
  • Beta: 1.93
Profitability:
  • Net Margins: 3.81%
  • Return on Equity: 3.94%
  • Return on Assets: 2.00%
Debt:
  • Debt-to-Equity Ratio: 0.56%
  • Current Ratio: 2.37%
  • Quick Ratio: 1.67%
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: $41.63 (12.05% upside)

Analysts' Ratings History for Legg Mason (NYSE:LM)
Show:
DateFirmActionRatingPrice TargetDetails
2/2/2017Jefferies Group LLCBoost Price TargetBuy$37.00 -> $39.00View Rating Details
1/25/2017Citigroup Inc.Lower Price TargetBuy$40.50 -> $40.00View Rating Details
1/13/2017Barclays PLCReiterated RatingBuy$37.00View Rating Details
12/16/2016Bank of America CorpDowngradeBuy -> UnderperformView Rating Details
10/14/2016Keefe, Bruyette & WoodsSet Price TargetBuy$44.00View Rating Details
9/9/2016Morgan StanleyReiterated RatingHoldView Rating Details
7/18/2016Wells Fargo & CompanyReiterated RatingBuyView Rating Details
5/5/2016Piper Jaffray CompaniesReiterated RatingOverweight$51.00View Rating Details
5/2/2016Royal Bank of CanadaLower Price TargetSector Perform$41.00 -> $35.00View Rating Details
3/16/2016Credit Suisse GroupUpgradeNeutral -> Outperform$39.00 -> $49.00View Rating Details
10/9/2015Susquehanna Bancshares IncLower Price TargetNegative$36.00 -> $35.00View Rating Details
8/3/2015Stifel NicolausLower Price TargetOutperform$62.00 -> $61.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Legg Mason (NYSE:LM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017        
2/1/2017Q3 2017$0.64$0.50$714.13 million$715.20 millionViewListenView Earnings Details
10/28/2016Q217$0.58$0.63$751.20 million$748.40 millionViewListenView Earnings Details
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: $2.26 EPS
Next Year EPS Consensus Estimate: $2.88 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$0.58$0.61$0.60
Q3 20172$0.54$0.65$0.60
Q4 20172$0.61$0.63$0.62
Q1 20181$0.61$0.61$0.61
Q2 20181$0.71$0.71$0.71
Q3 20181$0.72$0.72$0.72
Q4 20181$0.74$0.74$0.74
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Legg Mason (NYSE:LM)
Annual Dividend:$0.88
Dividend Yield:2.37%
Dividend Growth:31.40% (3 Year Average)
Payout Ratio:87.13% (Based on Trailing 12 Months of Earnings)
38.94% (Based on Current Year Consensus EPS Estimate)
30.56% (Based on Next Year Consensus EPS Estimate)
Track Record:7 Years of Consecutive Dividend Growth

Dividend History for Legg Mason (NYSE:LM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/1/2017quarterly$0.222.59%3/14/20173/16/20174/17/2017
10/28/2016quarterly$0.223.01%12/12/201612/14/20161/9/2017
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: 78.75%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/16/2017Joseph A SullivanChairmanSell29,744$36.06$1,072,568.64View SEC Filing  
2/16/2017Thomas C MerchantVPSell6,595$36.06$237,815.70View SEC Filing  
1/18/2017Tian Qiao ChenMajor ShareholderBuy30,405$31.58$960,189.90View SEC Filing  
1/10/2017Tian Qiao ChenMajor ShareholderSell760,000$30.93$23,506,800.00View SEC Filing  
1/9/2017Tian Qiao ChenMajor ShareholderSell420,000$30.76$12,919,200.00View SEC Filing  
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
bizjournals.com logoLegg Mason shares up on takeover rumor (NYSE:LM)
www.bizjournals.com - February 24 at 9:42 AM
News IconAnalysts Peer Into Their Crystal Balls For Legg Mason, Inc. (NYSE:LM): Where Is It headed? - Winfield Review (NYSE:LM)
winfieldreview.com - February 23 at 6:19 PM
News IconStock Focus: Watching Shares of Legg Mason Inc (LM) - Baldwin Journal (NYSE:LM)
baldwinjournal.com - February 23 at 6:19 PM
News IconWhat Analysts are Predicting For Zillow Group, Inc. (Z), Legg Mason, Inc. (LM)? - The USA Commerce (NYSE:LM)
theusacommerce.com - February 23 at 6:19 PM
News IconCan We Learn Anything From The Technical Chart of Legg Mason, Inc. (LM)? - NY Stock News (NYSE:LM)
nystocknews.com - February 23 at 5:46 AM
News IconTrading Review: Checking in on Shares of Legg Mason Inc (LM) - BVN (NYSE:LM)
bvnewsjournal.com - February 23 at 5:46 AM
News IconAvon Products Inc. (NYSE:AVP) Institutional Ownership stands at 90 (NYSE:LM)
oakridgeobserver.com - February 22 at 6:27 PM
benzinga.com logoWall Street's M&A Chatter From February 21 (NYSE:LM)
www.benzinga.com - February 22 at 6:27 PM
News IconBuy or Sell? Average Brokerage Ratings on Avon Products, Inc. (AVP), Legg Mason, Inc. (LM) - StockNewsJournal (NYSE:LM)
stocknewsjournal.com - February 22 at 8:04 AM
News IconIs It Time to go for Extra Space Storage Inc. (EXR), Legg Mason, Inc ... - StockNewsJournal (NYSE:LM)
stocknewsjournal.com - February 21 at 6:41 PM
investorplace.com logoLegg Mason Inc (LM) Stock Pops on Takeover Buzz - Investorplace.com (NYSE:LM)
investorplace.com - February 21 at 6:41 PM
thestreet.com logoLegg Mason Stock Spikes on Takeover Speculation (NYSE:LM)
www.thestreet.com - February 21 at 6:41 PM
blogs.barrons.com logoLegg Mason Runs Higher on Takeout Rumors (NYSE:LM)
blogs.barrons.com - February 21 at 6:41 PM
investorplace.com logoLegg Mason Inc (LM) Stock Pops on Takeover Buzz (NYSE:LM)
investorplace.com - February 21 at 2:52 PM
seekingalpha.com logoAsset managers gain on Legg Mason rumor (NYSE:LM)
seekingalpha.com - February 21 at 1:03 PM
seekingalpha.com logoLegg Mason +4.7% on takeover chatter (NYSE:LM)
seekingalpha.com - February 21 at 11:27 AM
News IconToday Analysts Focus on HealthSouth Corporation (HLS), Legg Mason, Inc. (LM) - StockNewsJournal (NYSE:LM)
stocknewsjournal.com - February 17 at 8:29 AM
News IconDividend Growth of Legg Mason, Inc.(LM) - Highland Mirror (NYSE:LM)
www.highlandmirror.com - February 17 at 8:29 AM
bizjournals.com logoResearch Reports Coverage on Asset Management Stocks -- Legg Mason, T. Rowe Price, Voya Financial, and Apollo Investment (NYSE:LM)
www.bizjournals.com - February 16 at 5:51 PM
finance.yahoo.com logoLegg Mason (LM) January AUM Increases, Outflows Recorded (NYSE:LM)
finance.yahoo.com - February 13 at 7:26 PM
finance.yahoo.com logoLEGG MASON, INC. Financials (NYSE:LM)
finance.yahoo.com - February 11 at 6:19 PM
News IconRetail Properties of America, Inc. (RPAI), Legg Mason, Inc. (LM ... - The USA Commerce (NYSE:LM)
www.theusacommerce.com - February 11 at 12:08 AM
News IconTaking a Look at the Chart for Legg Mason, Inc. (LM) - The USA Commerce (NYSE:LM)
theusacommerce.com - February 11 at 12:08 AM
News IconLookout for Price Target? Alnylam Pharmaceuticals, Inc. (ALNY), Legg Mason, Inc. (LM) - StockNewsJournal (NYSE:LM)
stocknewsjournal.com - February 11 at 12:08 AM
streetinsider.com logoLegg Mason (LM) Reports Jan. AUM of $713.8B (NYSE:LM)
www.streetinsider.com - February 10 at 7:07 PM
finance.yahoo.com logoLegg Mason Reports Assets Under Management and Flows For January 2017 (NYSE:LM)
finance.yahoo.com - February 10 at 7:07 PM
finance.yahoo.com logo8:02 am Legg Mason reports January AUM of approx. $713.8 bln vs. $710.4 bln in December (NYSE:LM)
finance.yahoo.com - February 10 at 7:07 PM
News IconLooking at the Numbers for Legg Mason, Inc. (NYSE:LM) - Baldwin Journal (NYSE:LM)
baldwinjournal.com - February 8 at 7:06 PM
News IconWhy to Keeping Eye on Legg Mason, Inc. (LM), Duke Realty Corporation (DRE)? - StockNewsJournal (NYSE:LM)
stocknewsjournal.com - February 8 at 7:06 PM
biz.yahoo.com logoLEGG MASON, INC. Files SEC form 10-Q, Quarterly Report (NYSE:LM)
biz.yahoo.com - February 8 at 7:06 PM
News IconThe Technical Facts on Legg Mason, Inc. (LM) - The USA Commerce (NYSE:LM)
www.theusacommerce.com - February 8 at 12:38 AM
News IconAnalytical Guide for Legg Mason, Inc. (LM), Starwood Property Trust, Inc. (STWD) Stakeholders - The USA Commerce (NYSE:LM)
www.theusacommerce.com - February 8 at 12:38 AM
blogs.barrons.com logoDodd-Frank Dismantling Good For Regional Banks (NYSE:LM)
blogs.barrons.com - February 6 at 6:25 PM
blogs.barrons.com logoA.M. Funds Roundup: DOL Fiduciary Rule Has Momentum; Schwab Cuts Fees on Mutual Funds (NYSE:LM)
blogs.barrons.com - February 6 at 10:10 AM
News IconThe Legg Mason, Inc. to Issue Quarterly Dividend of $0.22 (LM) (NYSE:LM)
xboxonezone.com - February 4 at 12:03 AM
capitalcube.com logoLegg Mason, Inc. :LM-US: Earnings Analysis: Q3, 2017 By the Numbers : February 3, 2017 (NYSE:LM)
www.capitalcube.com - February 3 at 7:01 PM
prnewswire.com logoLegg Mason Reports Third Fiscal Quarter Results - PR Newswire (press release) (NYSE:LM)
www.prnewswire.com - February 3 at 12:03 AM
News IconDrilling Down Into the Charts for Legg Mason, Inc. (LM) - The USA Commerce (NYSE:LM)
www.theusacommerce.com - February 3 at 12:03 AM
nasdaq.com logoLegg Mason (LM) Q3 Earnings Lag Estimates on High Costs - Nasdaq (NYSE:LM)
www.nasdaq.com - February 3 at 12:03 AM
seekingalpha.com logoLegg Mason (LM) Q3 2017 Results - Earnings Call Transcript (NYSE:LM)
seekingalpha.com - February 2 at 7:01 PM
us.rd.yahoo.com logo4:05 pm Legg Mason reports EPS in-line, revs in-line (NYSE:LM)
us.rd.yahoo.com - February 2 at 5:11 AM
finance.yahoo.com logoEdited Transcript of LM earnings conference call or presentation 1-Feb-17 10:00pm GMT (NYSE:LM)
finance.yahoo.com - February 2 at 5:11 AM
rttnews.com logoEARNINGS SUMMARY: Details of Legg Mason Inc. Q3 Earnings Report (NYSE:LM)
www.rttnews.com - February 1 at 7:09 PM
nasdaq.com logoLegg Mason Reports Net Income In Q3 - Quick Facts (NYSE:LM)
www.nasdaq.com - February 1 at 7:09 PM
biz.yahoo.com logoQ3 2017 Legg Mason Inc Earnings Release - 4:00 pm ET (NYSE:LM)
us.rd.yahoo.com - February 1 at 7:09 PM
us.rd.yahoo.com logoLegg Mason Reports Third Fiscal Quarter Results (NYSE:LM)
us.rd.yahoo.com - February 1 at 7:09 PM
sg.finance.yahoo.com logoLegg Mason misses 3Q profit forecasts (NYSE:LM)
sg.finance.yahoo.com - February 1 at 7:09 PM
bizjournals.com logoLegg Mason posts 3Q profit, assets under management fall (NYSE:LM)
www.bizjournals.com - February 1 at 7:09 PM
seekingalpha.com logoLegg Mason +4.8% after amending Shanda agreement (NYSE:LM)
seekingalpha.com - February 1 at 12:29 PM
News IconEarnings Forecast Research on Legg Mason, Inc. (LM) - Morning Outlook (NYSE:LM)
www.morningoutlook.com - February 1 at 5:12 AM

Social

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 Wednesday, February 1st. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, March 14th.

Where is Legg Mason's stock going? Where will Legg Mason's stock price be in 2017?

10 equities research analysts have issued 1 year price objectives for Legg Mason's shares. Their predictions range from $35.00 to $51.00. On average, they anticipate Legg Mason's share price to reach $41.63 in the next twelve months.

When will Legg Mason announce their earnings?

Legg Mason is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.

Who owns Legg Mason stock?

Legg Mason's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Tianqiao Chen (10.40%), FMR LLC (5.11%), Gamco Investors INC. ET AL (3.28%), Dimensional Fund Advisors LP (3.03%), State Street Corp (2.43%) and Gabelli Funds LLC (1.57%). Company insiders that own Legg Mason stock include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Nelson Peltz, Peter Nachtwey, Terence Johnson, Thomas C Merchant, Tian Qiao Chen, Trian Fund Management Gp, Llc and Ursula Schliessler.

Who sold Legg Mason stock? Who is selling Legg Mason stock?

Legg Mason's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Guggenheim Capital LLC, Gamco Investors INC. ET AL, Tudor Investment Corp Et Al, Gabelli Funds LLC, Menta Capital LLC, BlueMar Capital Management LLC and Allianz Asset Management AG. Company insiders that have sold Legg Mason stock in the last year include Joseph A Sullivan, Terence Johnson, Thomas C Merchant, Tian Qiao Chen, Trian Fund Management Gp, Llc and Ursula Schliessler.

Who bought Legg Mason stock? Who is buying Legg Mason stock?

Legg Mason's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Dimensional Fund Advisors LP, Glacier Peak Capital LLC, Comerica Bank, A.R.T. Advisors LLC, Systematic Financial Management LP, AQR Capital Management LLC and Continental Advisors LLC. Company insiders that have bought Legg Mason stock in the last two years include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Peter Nachtwey and Tian Qiao Chen.

How do I buy Legg Mason stock?

Shares of Legg Mason can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Legg Mason stock cost?

One share of Legg Mason stock can currently be purchased for approximately $37.15.

Legg Mason (NYSE:LM) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Legg Mason (NYSE:LM)

Earnings History Chart

Earnings by Quarter for Legg Mason (NYSE:LM)

Dividend History Chart

Dividend Payments by Quarter for Legg Mason (NYSE:LM)

Last Updated on 2/24/2017 by MarketBeat.com Staff