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Legg Mason Stock Price, Forecast & Analysis (NYSE:LM)

$38.88
-0.25 (-0.64 %)
(As of 11/14/2019 03:13 AM ET)
Today's Range
$38.61
Now: $38.88
$39.16
50-Day Range
$34.59
MA: $36.85
$39.21
52-Week Range
$23.25
Now: $38.88
$40.27
Volume387,144 shs
Average Volume848,945 shs
Market Capitalization$3.37 billion
P/E Ratio12.79
Dividend Yield4.09%
Beta1.51
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$9.72 per share
Book Value$43.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$3.37 billion
Next Earnings Date2/3/2020 (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 announced a quarterly dividend on Tuesday, November 5th. Stockholders of record on Tuesday, December 24th will be given a dividend of $0.40 per share on Monday, January 20th. This represents a $1.60 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Monday, December 23rd. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) posted its earnings results on Wednesday, October, 30th. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.86 by $0.09. The asset manager earned $743.30 million during the quarter, compared to analysts' expectations of $720.83 million. Legg Mason had a positive return on equity of 7.70% and a negative net margin of 1.93%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.82 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 Monday, February 3rd 2020. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

10 brokers have issued 1-year price objectives for Legg Mason's shares. Their forecasts range from $27.00 to $42.00. On average, they anticipate Legg Mason's stock price to reach $34.11 in the next twelve months. This suggests that the stock has a possible downside of 12.3%. 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, 6 hold ratings and 2 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 been trending somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive 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 positive five, with scores nearest to five being the most favorable. Legg Mason earned a news impact score of 1.7 on InfoTrie's scale. They also assigned news articles about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Legg Mason.

Are investors shorting Legg Mason?

Legg Mason saw a decline in short interest in October. As of October 31st, there was short interest totalling 2,440,000 shares, a decline of 18.1% from the September 30th total of 2,980,000 shares. Based on an average trading volume of 577,200 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.9% of the shares of the company 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), Exxon Mobil (XOM), Gilead Sciences (GILD), Altria Group (MO) and Wells Fargo & Co (WFC).

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 variety of of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (1.97%), Robeco Institutional Asset Management B.V. (1.13%), Gabelli Funds LLC (1.01%), Systematic Financial Management LP (0.54%), Chicago Equity Partners LLC (0.47%) and Fisher Asset Management LLC (0.36%). 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 institutional investors are selling Legg Mason stock?

LM stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, WBI Investments Inc., Gamco Investors INC. ET AL, Radin Capital Partners Inc., West Coast Financial LLC, Robeco Institutional Asset Management B.V., Graybill Bartz & Assoc Ltd. and Dupont Capital Management Corp. Company insiders that have sold Legg Mason company stock in the last year include Joseph A Sullivan, Peter Nachtwey, Terence Johnson, Thomas C Merchant and Ursula Schliessler. View Insider Buying and Selling for Legg Mason.

Which institutional investors are buying Legg Mason stock?

LM stock was purchased by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, California Public Employees Retirement System, Alberta Investment Management Corp, Nisa Investment Advisors LLC, Virginia Retirement Systems ET AL, Livforsakringsbolaget Skandia Omsesidigt, Oakbrook Investments LLC and Campbell & CO Investment Adviser LLC. 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 $38.88.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $3.37 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:  456 (Vote Outperform)
Underperform Votes:  662 (Vote Underperform)
Total Votes:  1,118
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 11/14/2019 by MarketBeat.com Staff

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