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

$38.84
-0.12 (-0.31 %)
(As of 09/19/2019 02:10 AM ET)
Today's Range
$38.69
Now: $38.84
$39.26
50-Day Range
$35.30
MA: $37.45
$40.10
52-Week Range
$23.25
Now: $38.84
$40.27
Volume773,500 shs
Average Volume906,573 shs
Market Capitalization$3.36 billion
P/E Ratio12.78
Dividend Yield4.11%
Beta1.48
Legg 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. Read More…

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP52490110
Phone410-539-0000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.90 billion
Cash Flow$9.3816 per share
Book Value$43.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$3.36 billion
Next Earnings Date10/23/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Thursday, August 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share on Monday, October 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, October 9th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) announced its quarterly earnings data on Thursday, August, 1st. The asset manager reported $0.75 EPS for the quarter, beating the Zacks' consensus estimate of $0.72 by $0.03. The asset manager earned $705.36 million during the quarter, compared to analysts' expectations of $708.70 million. Legg Mason had a positive return on equity of 7.24% and a negative net margin of 1.72%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. 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 23rd 2019. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

11 brokers have issued 1 year price objectives for Legg Mason's stock. Their predictions range from $27.00 to $43.00. On average, they anticipate Legg Mason's stock price to reach $34.60 in the next twelve months. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for Legg Mason?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Legg Mason.

Has Legg Mason been receiving favorable news coverage?

Headlines about LM stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Legg Mason earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Legg Mason.

Are investors shorting Legg Mason?

Legg Mason saw a increase in short interest in August. As of August 31st, there was short interest totalling 3,712,500 shares, an increase of 7.8% from the July 31st total of 3,443,200 shares. Based on an average daily trading volume, of 695,400 shares, the short-interest ratio is presently 5.3 days. Currently, 4.4% of the company's stock are sold short. View Legg Mason's Current Options Chain.

Who are some of Legg Mason's key competitors?

What other stocks do shareholders of Legg Mason own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Legg Mason investors own include AbbVie (ABBV), Bristol-Myers Squibb (BMY), Diebold Nixdorf (DBD), Chicago Bridge & Iron (CBI), KKR & Co Inc (KKR), Philip Morris International (PM), Gilead Sciences (GILD), Altria Group (MO), Wells Fargo & Co (WFC) and Exxon Mobil (XOM).

Who are Legg Mason's key executives?

Legg Mason's management team includes the folowing people:
  • Mr. Joseph A. Sullivan, Chairman, Pres & CEO (Age 61)
  • Mr. Peter Hamilton Nachtwey, CFO & Sr. EVP (Age 63)
  • Mr. Thomas Clifton Merchant, Gen. Counsel, Exec. VP & Corp. Sec. (Age 51)
  • Mr. Terence Johnson, Head of Global Distribution & Exec. VP (Age 46)
  • Mr. Thomas Karl Hoops, Head of Bus. Devel. (Age 54)

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.33%), BlackRock Inc. (9.23%), BlackRock Inc. (9.23%), Clarkston Capital Partners LLC (5.38%), Trian Fund Management L.P. (4.47%) and LSV Asset Management (4.00%). Company insiders that own Legg Mason stock include Frances Cashman, Joseph A Sullivan, Patricia Lattin, Peter Nachtwey, Terence Johnson, Thomas C Merchant and Ursula Schliessler. View Institutional Ownership Trends for Legg Mason.

Which major investors are selling Legg Mason stock?

LM stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Bank of New York Mellon Corp, Gabelli Funds LLC, LSV Asset Management, BNP Paribas Arbitrage SA, Radin Capital Partners Inc., Clarkston Capital Partners LLC and Meadow Creek Investment Management LLC. Company insiders that have sold Legg Mason company stock in the last year include Frances Cashman, Joseph A Sullivan, Peter Nachtwey, Terence Johnson, Thomas C Merchant and Ursula Schliessler. View Insider Buying and Selling for Legg Mason.

Which major investors are buying Legg Mason stock?

LM stock was bought by a variety of institutional investors in the last quarter, including Trian Fund Management L.P., Invesco Ltd., Nuveen Asset Management LLC, APG Asset Management N.V., Balyasny Asset Management LLC, Bank of America Corp DE, Mackenzie Financial Corp and Mackenzie Financial Corp. 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, Robinhood, Fidelity and Charles Schwab.

What is Legg Mason's stock price today?

One share of LM stock can currently be purchased for approximately $38.84.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $3.36 billion and generates $2.90 billion in revenue each year. The asset manager earns $-28,510,000.00 in net income (profit) each year or $3.04 on an earnings per share basis. Legg Mason employs 3,246 workers across the globe.View Additional Information About Legg Mason.

What is Legg Mason's official website?

The official website for Legg Mason is http://www.leggmason.com/.

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:  447 (Thanks for Voting!)
Underperform Votes:  650 (Thanks for Voting!)
Total Votes:  1,097
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 9/19/2019 by MarketBeat.com Staff

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