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

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

Legg Mason declared 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 4.15%. The ex-dividend date of this dividend is Monday, December 23rd. View Legg Mason's Dividend History.

Legg Mason Inc (NYSE:LM) released its earnings results on Wednesday, October, 30th. The asset manager reported $0.95 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.09. The asset manager had revenue of $743.30 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 earnings per share. 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 Wall Street analysts have issued 12-month price targets for Legg Mason's stock. Their forecasts range from $27.00 to $42.00. On average, they anticipate Legg Mason's share price to reach $34.11 in the next year. This suggests that the stock has a possible downside of 11.5%. 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 been trending very negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Legg Mason earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Legg Mason.

Legg Mason saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,440,000 shares, a drop of 18.1% from the September 30th total of 2,980,000 shares. Based on an average daily volume of 577,200 shares, the short-interest ratio is currently 4.2 days. Currently, 2.9% of the company's stock are sold short. 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 number of of institutional and retail investors. Top institutional investors 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.

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.

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.

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 $38.55.

Legg Mason has a market capitalization of $3.35 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]