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

$49.96
+0.01 (+0.02 %)
(As of 02/28/2020 01:24 PM ET)
Today's Range
$49.72
Now: $49.96
$49.99
50-Day Range
$35.88
MA: $41.13
$50.66
52-Week Range
$26.36
Now: $49.96
$50.70
Volume752,517 shs
Average Volume2.28 million shs
Market Capitalization$4.34 billion
P/E Ratio18.92
Dividend Yield3.20%
Beta1.5
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$9.53 per share
Book Value$44.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$4.34 billion
Next Earnings Date5/11/2020 (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 declared a quarterly dividend on Tuesday, February 4th. Stockholders 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 dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, March 18th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) released its quarterly earnings results on Wednesday, January, 29th. The asset manager reported $1.03 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.95 by $0.08. The asset manager had revenue of $753.90 million for the quarter, compared to analysts' expectations of $730.76 million. Legg Mason had a net margin of 8.18% and a return on equity of 8.37%. Legg Mason's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.55) 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, May 11th 2020. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

11 brokers have issued 1 year price objectives for Legg Mason's stock. Their forecasts range from $27.00 to $50.00. On average, they expect Legg Mason's stock price to reach $44.80 in the next year. This suggests that the stock has a possible downside of 10.3%. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for 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.

Has Legg Mason been receiving favorable news coverage?

Media coverage about LM stock has trended very negative on Friday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. 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 media sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Legg Mason.

Are investors shorting Legg Mason?

Legg Mason saw a decrease in short interest during the month of February. As of February 14th, there was short interest totalling 2,380,000 shares, a decrease of 12.8% from the January 30th total of 2,730,000 shares. Based on an average daily volume of 652,600 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.8% 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), Philip Morris International (PM) and 3M (MMM).

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 number of of retail and institutional investors. Top institutional investors include Clarkston Capital Partners LLC (5.38%), LSV Asset Management (3.81%), State Street Corp (2.50%), Macquarie Group Ltd. (1.72%), Bank of New York Mellon Corp (1.41%) and Renaissance Technologies LLC (1.40%). 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 Robeco Institutional Asset Management B.V., Stifel Financial Corp, Bank of America Corp DE, LSV Asset Management, South Dakota Investment Council, Fiera Capital Corp, Chicago Equity Partners LLC and Prana Capital Management LP. 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 bought by a variety of institutional investors in the last quarter, including UBS Group AG, Prudential Financial Inc., Man Group plc, Pzena Investment Management LLC, Credit Suisse AG, Goldman Sachs Group Inc., KBC Group NV and Alyeska Investment Group L.P.. 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 $49.97.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $4.34 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:  470 (Vote Outperform)
Underperform Votes:  684 (Vote Underperform)
Total Votes:  1,154
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 2/28/2020 by MarketBeat.com Staff

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