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

$48.32
-0.45 (-0.92 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$48.18
Now: $48.32
$48.87
50-Day Range
$39.69
MA: $46.91
$50.66
52-Week Range
$27.27
Now: $48.32
$50.70
Volume3.21 million shs
Average Volume4.54 million shs
Market Capitalization$4.20 billion
P/E Ratio18.30
Dividend Yield3.28%
Beta1.03
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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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$9.46 per share
Book Value$43.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$4.20 billion
Next Earnings Date5/11/2020 (Estimated)
OptionableOptionable

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Legg Mason (NYSE:LM) Frequently Asked Questions

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

Legg Mason's stock was trading at $49.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LM stock has decreased by 2.0% and is now trading at $48.32. View which stocks have been mosted impacted by Coronavirus.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 1 sell rating, 9 hold ratings and 1 buy rating 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 Monday, May 11th 2020. View our earnings forecast for Legg Mason.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) announced its earnings results on Wednesday, January, 29th. The asset manager reported $1.03 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.95 by $0.08. The asset manager earned $753.90 million during the quarter, compared to analyst estimates of $730.76 million. Legg Mason had a return on equity of 8.37% and a net margin of 8.18%. Legg Mason's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned ($2.55) EPS. View Legg Mason's earnings history.

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

Legg Mason declared a quarterly dividend on Tuesday, February 4th. Investors of record on Thursday, March 19th will be given a dividend of $0.40 per share on Monday, April 20th. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, March 18th. View Legg Mason's dividend history.

What price target have analysts set for LM?

11 equities research analysts have issued 12-month price objectives for Legg Mason's stock. Their forecasts range from $27.00 to $50.00. On average, they anticipate Legg Mason's stock price to reach $44.80 in the next twelve months. This suggests that the stock has a possible downside of 7.3%. View analysts' price targets for Legg Mason.

Has Legg Mason been receiving favorable news coverage?

Press coverage about LM stock has been trending somewhat negative on Sunday, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring 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 nearest to five being the most favorable. Legg Mason earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutLegg Mason.

Are investors shorting Legg Mason?

Legg Mason saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,626,200 shares, an increase of 245.1% from the February 27th total of 1,920,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 7.8% of the shares of the company are short sold. 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), Gilead Sciences (GILD), KKR & Co Inc (KKR), Altria Group (MO), Pfizer (PFE), Exxon Mobil (XOM) and Philip Morris International (PM).

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 a number of institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (5.38%), LSV Asset Management (3.81%), State Street Corp (2.50%), Macquarie Group Ltd. (1.72%), Macquarie Group Ltd. (1.72%) and Bank of New York Mellon Corp (1.41%). Company insiders that own Legg Mason stock include Frances Cashman, Joseph A Sullivan, Legg Mason, Inc, 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 Nuveen Asset Management LLC, Robeco Institutional Asset Management B.V., Stifel Financial Corp, Bank of America Corp DE, LSV Asset Management, South Dakota Investment Council, Fiera Capital Corp, and Chicago Equity Partners LLC. 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 activity for Legg Mason.

Which institutional investors are buying Legg Mason stock?

LM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, UBS Group AG, Prudential Financial Inc., Man Group plc, Pzena Investment Management LLC, Credit Suisse AG, Goldman Sachs Group Inc., and KBC Group NV. 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 $48.32.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $4.20 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:  475 (Vote Outperform)
Underperform Votes:  690 (Vote Underperform)
Total Votes:  1,165
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 3/29/2020 by MarketBeat.com Staff

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