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NYSE:LMLegg Mason Stock Price, Forecast & News

$49.99
0.00 (0.00 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$49.99
Now: $49.99
$50.00
50-Day Range
$49.65
MA: $49.88
$49.99
52-Week Range
$33.99
Now: $49.99
$50.70
Volume4.72 million shs
Average Volume2.34 million shs
Market Capitalization$4.45 billion
P/E Ratio17.79
Dividend Yield3.20%
Beta0.73
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. 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.88 out of 5 stars


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$2.92 billion
Cash Flow$4.63 per share
Book Value$43.40 per share

Profitability

Net Income$251.37 million

Miscellaneous

Employees3,059
Market Cap$4.45 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$49.99
0.00 (0.00 %)
(As of 08/14/2020 04:00 PM ET)
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Legg Mason (NYSE:LM) Frequently Asked Questions

How has Legg Mason's stock been impacted by COVID-19?

Legg Mason's stock was trading at $49.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LM shares have increased by 1.4% and is now trading at $49.99.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Legg Mason?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 8 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Legg Mason
.

When is Legg Mason's next earnings date?

Legg Mason is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Legg Mason
.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) announced its quarterly earnings data on Monday, July, 27th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The asset manager earned $666.20 million during the quarter, compared to the consensus estimate of $678.92 million. Legg Mason had a return on equity of 8.87% and a net margin of 8.86%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share.
View Legg Mason's earnings history
.

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

Legg Mason announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.40 per share on Monday, July 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Monday, June 15th.
View Legg Mason's dividend history
.

What price target have analysts set for LM?

8 brokerages have issued 1 year price targets for Legg Mason's shares. Their forecasts range from $38.00 to $50.00. On average, they expect Legg Mason's share price to reach $47.38 in the next year. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Legg Mason
.

Has Legg Mason been receiving favorable news coverage?

Headlines about LM stock have trended neutral on Saturday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Legg Mason earned a coverage optimism score of 0.0 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Legg Mason
.

Are investors shorting Legg Mason?

Legg Mason saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 14,610,000 shares, an increase of 21.1% from the April 15th total of 12,060,000 shares. Based on an average daily volume of 3,230,000 shares, the short-interest ratio is presently 4.5 days.
View Legg Mason's Short Interest
.

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), AT&T (T), Altria Group (MO), Bank of America (BAC), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Who are Legg Mason's key executives?

Legg Mason's management team includes the following 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)

What is Legg Mason's stock symbol?

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

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.43%), Bank of Nova Scotia (3.95%), Goldman Sachs Group Inc. (3.93%), UBS Oconnor LLC (3.72%), Bank of America Corp DE (2.83%) and Water Island Capital LLC (2.37%). Company insiders that own Legg Mason stock include Edward P Garden, Frances Cashman, Joseph A Sullivan, Legg Mason, Inc, Peter Nachtwey, Terence Johnson, Thomas C Merchant 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 LSV Asset Management, Macquarie Group Ltd., Balyasny Asset Management LLC, Prudential Financial Inc., Alberta Investment Management Corp, Athanor Capital LP, Glazer Capital LLC, and FMR LLC. Company insiders that have sold Legg Mason company stock in the last year include Edward P Garden, Joseph A Sullivan, and Terence Johnson.
View insider buying and selling activity for Legg Mason
.

Which institutional investors are buying Legg Mason stock?

LM stock was bought by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Bank of America Corp DE, Bank of Nova Scotia, Water Island Capital LLC, Brookfield Asset Management Inc., Goldman Sachs Group Inc., UBS Group AG, and Tudor Investment Corp Et Al.
View insider buying and selling activity 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 $49.99.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $4.45 billion and generates $2.92 billion in revenue each year. The asset manager earns $251.37 million in net income (profit) each year or $3.76 on an earnings per share basis. Legg Mason employs 3,059 workers across the globe.

What is Legg Mason's official website?

The official website for Legg Mason is 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]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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