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

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

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 4.47%. The ex-dividend date is Monday, December 23rd. View Legg Mason's Dividend History.

Legg Mason Inc (NYSE:LM) announced its quarterly earnings data on Wednesday, October, 30th. The asset manager reported $0.95 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.09. The asset manager earned $743.30 million during the quarter, compared to analyst estimates of $720.83 million. Legg Mason had a positive return on equity of 7.67% and a negative net margin of 1.93%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. View Legg Mason's Earnings History.

Legg Mason is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Legg Mason.

10 analysts have issued 12 month price objectives for Legg Mason's stock. Their forecasts range from $27.00 to $42.00. On average, they expect Legg Mason's share price to reach $34.11 in the next year. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets 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.

News stories about LM stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Legg Mason earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned headlines 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 next several days. View News Stories for Legg Mason.

Legg Mason saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,440,000 shares, a decrease 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 presently 4.2 days. Approximately 2.9% of the company's shares are short sold. View Legg Mason's Current Options Chain.

Some companies that are related to Legg Mason include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Cohen & Steers (CNS) and Main Street Capital (MAIN).

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).

Legg Mason's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.54%), Gamco Investors INC. ET AL (1.97%), Robeco Institutional Asset Management B.V. (1.13%), Gabelli Funds LLC (1.01%), Millennium Management LLC (0.92%) and Stifel Financial Corp (0.80%). 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.

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, State Street Corp, Radin Capital Partners Inc., West Coast Financial LLC, Robeco Institutional Asset Management B.V. and Graybill Bartz & Assoc Ltd.. 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.

LM stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Chicago Equity Partners LLC, Stifel Financial Corp, California Public Employees Retirement System, Alberta Investment Management Corp, Squarepoint Ops LLC, Voloridge Investment Management LLC and Nisa Investment Advisors LLC. View Insider Buying and Selling for 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.

One share of LM stock can currently be purchased for approximately $35.81.

Legg Mason has a market capitalization of $3.11 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.

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

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]