Legg Mason Company Profile (NYSE:LM)

About Legg Mason (NYSE:LM)

Legg Mason logoLegg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Investment Management & Fund Operators
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NYSE:LM
  • CUSIP: 52490110
  • Web: www.leggmason.com
Capitalization:
  • Market Cap: $3.63445 billion
  • Outstanding Shares: 93,599,000
Average Prices:
  • 50 Day Moving Avg: $38.15
  • 200 Day Moving Avg: $38.19
  • 52 Week Range: $28.10 - $42.08
P/E:
  • Trailing P/E Ratio: 16.14
  • Foreward P/E Ratio: 12.69
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $2.98 billion
  • Price / Sales: 1.22
  • Book Value: $42.14 per share
  • Price / Book: 0.92
Dividend:
  • Annual Dividend: $1.12
  • Dividend Yield: 2.9%
Profitability:
  • EBITDA: $572.31 million
  • Net Margins: 8.21%
  • Return on Equity: 6.84%
  • Return on Assets: 3.35%
Debt:
  • Debt-to-Equity Ratio: 0.56%
  • Current Ratio: 2.74%
  • Quick Ratio: 1.93%
Misc:
  • Average Volume: 849,952 shs.
  • Beta: 2.22
 

Frequently Asked Questions for Legg Mason (NYSE:LM)

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 Wednesday, July 26th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.28 per share on Monday, October 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Wednesday, October 4th. 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, July, 26th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.09. The firm had revenue of $793.80 million for the quarter, compared to analysts' expectations of $766.60 million. Legg Mason had a net margin of 8.21% and a return on equity of 6.84%. Legg Mason's revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. View Legg Mason's Earnings History.

When will Legg Mason make its next earnings announcement?

Legg Mason is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Legg Mason.

Where is Legg Mason's stock going? Where will Legg Mason's stock price be in 2017?

10 equities research analysts have issued 1 year price objectives for Legg Mason's shares. Their forecasts range from $36.00 to $49.00. On average, they anticipate Legg Mason's stock price to reach $42.89 in the next twelve months. View Analyst Ratings for Legg Mason.

What are analysts saying about Legg Mason stock?

Here are some recent quotes from research analysts about Legg Mason stock:

  • 1. According to Zacks Investment Research, "Legg Mason’s shares have outperformed the Zacks categorized Investment Management industry over the last six months. Further, the company’s strategic acquisitions over the last few years, including the acquisition of Financial Guard in Aug 2016, are expected to boost top-line growth. The company also recently hiked its quarterly dividend by 27%, reflecting steady capital deployment activities. However, continued equity AUM outflows in the coming years can be a headwind. Also, escalating expenses may hinder the company's money market fund business." (7/4/2017)
  • 2. Jefferies Group LLC analysts commented, "Last week we spent time with the CEO of Legg Mason, Joe Sullivan. Positive flow momentum continues across the majority of its affiliates in both equity and fixed income. While Western remains the primary contributor to inflows, the equity franchise is also exhibiting positive trends driven by Clearbridge as well as improving trends at Royce." (3/27/2017)

Who are some of Legg Mason's key competitors?

Who are Legg Mason's key executives?

Legg Mason's management team includes the folowing people:

  • Joseph A. Sullivan, Chairman of the Board, President, Chief Executive Officer
  • Tianqiao Chen, Independent Vice Chairman of the Board
  • Peter H. Nachtwey, Chief Financial Officer, Senior Executive Vice President
  • Patricia Lattin, Chief Human Resource Officer
  • Ursula Amelie Schliessler, Executive Vice President, Chief Administrative Officer
  • Thomas C. Merchant, Executive Vice President, General Counsel, Corporate Secretary
  • Thomas K. Hoops, Executive Vice President, Head of Business and Product Development
  • Terence Johnson, Executive Vice President, Head - Global Distribution
  • Frances Cashman, Global Head - Communications and Engagement
  • John Kenney, Global Head - Affiliate Strategic Initiatives

Who owns Legg Mason stock?

Legg Mason's stock is owned by a variety of of institutional and retail investors. Top institutional investors include SHANDA ASSET MANAGEMENT INVESTMENT LTD (6.00%), Sit Investment Associates Inc. (0.71%), Robeco Institutional Asset Management B.V. (0.13%), Mutual of America Capital Management LLC (0.07%), APG Asset Management N.V. (0.06%) and State Treasurer State of Michigan (0.03%). Company insiders that own Legg Mason stock include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Peter Nachtwey, Terence Johnson, Thomas C Merchant, Tian Qiao Chen, Trian Fund Management Gp, Llc and Ursula Schliessler. View Institutional Ownership Trends for Legg Mason.

Who sold Legg Mason stock? Who is selling Legg Mason stock?

Legg Mason's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc. and State Treasurer State of Michigan. Company insiders that have sold Legg Mason stock in the last year include Joseph A Sullivan, Terence Johnson, Thomas C Merchant, Tian Qiao Chen and Ursula Schliessler. View Insider Buying and Selling for Legg Mason.

Who bought Legg Mason stock? Who is buying Legg Mason stock?

Legg Mason's stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., APG Asset Management N.V., Shell Asset Management Co. and Mutual of America Capital Management LLC. Company insiders that have bought Legg Mason stock in the last two years include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Peter Nachtwey and Tian Qiao Chen. View Insider Buying and Selling for Legg Mason.

How do I buy Legg Mason stock?

Shares of Legg Mason can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Legg Mason's stock price today?

One share of Legg Mason stock can currently be purchased for approximately $38.83.


MarketBeat Community Rating for Legg Mason (NYSE LM)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  322 (Vote Outperform)
Underperform Votes:  485 (Vote Underperform)
Total Votes:  807
MarketBeat's community ratings are surveys of what our community members think about Legg Mason and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Legg Mason (NYSE:LM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $42.89 (10.45% upside)
Consensus Price Target History for Legg Mason (NYSE:LM)
Price Target History for Legg Mason (NYSE:LM)
Analysts' Ratings History for Legg Mason (NYSE:LM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Royal Bank Of CanadaSet Price TargetBuy$47.00N/AView Rating Details
10/17/2017Deutsche Bank AGInitiated CoverageBuy$44.00N/AView Rating Details
10/5/2017Morgan StanleyDowngradeEqual Weight -> Underweight$37.00 -> $36.00N/AView Rating Details
9/29/2017Keefe, Bruyette & WoodsReiterated RatingBuy$47.00LowView Rating Details
9/8/2017Barclays PLCInitiated CoverageEqual Weight -> Equal Weight$39.00LowView Rating Details
8/20/2017Jefferies Group LLCReiterated RatingBuy$49.00LowView Rating Details
8/11/2017Citigroup Inc.Reiterated RatingNeutral$43.00 -> $41.00LowView Rating Details
7/9/2017Credit Suisse GroupReiterated RatingBuy$47.00LowView Rating Details
3/3/2017Evercore ISIDowngradeHold -> Underperform$36.00N/AView Rating Details
12/16/2016Bank of America CorporationDowngradeBuy -> UnderperformN/AView Rating Details
7/18/2016Wells Fargo & CompanyReiterated RatingBuyN/AView Rating Details
5/5/2016Piper Jaffray CompaniesReiterated RatingOverweight$51.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Legg Mason (NYSE:LM)
Earnings by Quarter for Legg Mason (NYSE:LM)
Earnings History by Quarter for Legg Mason (NYSE LM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017N/AView Earnings Details
7/26/2017Q1 2018$0.43$0.52$766.60 million$793.80 millionViewN/AView Earnings Details
4/26/2017Q4 2017$0.63$0.92$701.50 million$723.13 millionViewN/AView Earnings Details
2/1/2017Q3 2017$0.64$0.50$714.13 million$715.20 millionViewListenView Earnings Details
10/28/2016Q217$0.58$0.63$751.20 million$748.40 millionViewListenView Earnings Details
7/27/2016Q1$0.25$0.31$681.99 million$700.20 millionViewListenView Earnings Details
4/29/2016Q4($0.47)($0.15)$631.88 million$619.50 millionViewListenView Earnings Details
1/22/2016Q316$0.70$1.45$674.02 million$659.56 millionViewListenView Earnings Details
10/30/2015Q216$0.64$0.89$690.78 million$673.10 millionViewListenView Earnings Details
7/31/2015Q116$0.83$1.14$702.72 million$708.60 millionViewListenView Earnings Details
5/1/2015Q415$0.99$1.03$697.40 million$702.30 millionViewN/AView Earnings Details
1/30/2015Q315$0.97$0.98$714.34 million$719.00 millionViewN/AView Earnings Details
10/31/2014Q215$0.33$0.35$705.50 million$703.90 millionViewN/AView Earnings Details
7/31/2014Q115$0.86$0.91$704.40 million$693.90 millionViewN/AView Earnings Details
5/1/2014Q414$0.89$0.86$693.60 million$681.40 millionViewN/AView Earnings Details
1/30/2014Q314$0.68$0.67$725.85 million$720.10 millionViewN/AView Earnings Details
10/25/2013Q214$0.61$0.70$659.38 million$669.90 millionViewN/AView Earnings Details
7/25/2013Q1 2014$0.46$0.68$657.20 million$670.40 millionViewN/AView Earnings Details
4/30/2013Q4 2013$0.20$0.23$645.69 million$667.80 millionViewN/AView Earnings Details
2/1/2013Q3 2013($3.23)($3.45)$677.45 million$673.90 millionViewN/AView Earnings Details
10/26/2012Q213$0.56$0.60$634.72 million$640.30 millionViewN/AView Earnings Details
7/27/2012$0.30$0.25ViewN/AView Earnings Details
5/1/2012$0.47$0.55ViewN/AView Earnings Details
1/27/2012$0.25$0.20ViewN/AView Earnings Details
10/27/2011$0.40$0.61ViewN/AView Earnings Details
7/28/2011$0.41$0.40ViewN/AView Earnings Details
5/3/2011$0.45$0.45ViewN/AView Earnings Details
1/26/2011$0.41$0.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Legg Mason (NYSE:LM)
2017 EPS Consensus Estimate: $2.46
2018 EPS Consensus Estimate: $2.59
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.65$0.65$0.65
Q2 20172$0.58$0.61$0.60
Q3 20172$0.54$0.65$0.60
Q4 20172$0.61$0.63$0.62
Q1 20182$0.40$0.41$0.41
Q2 20182$0.69$0.71$0.70
Q3 20182$0.74$0.76$0.75
Q4 20182$0.68$0.79$0.74
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Legg Mason (NYSE:LM)
Next Dividend:10/23/2017
Annual Dividend:$1.12
Dividend Yield:2.88%
Dividend Growth:31.40% (3 Year Average)
Payout Ratio:46.47% (Trailing 12 Months of Earnings)
42.26% (Based on This Year's Estimates)
36.60% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Legg Mason (NYSE:LM)

Dividend History by Quarter for Legg Mason (NYSE LM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017quarterly$0.282.89%10/4/201710/5/201710/23/2017
4/28/2017quarterly$0.283%6/9/20176/13/20177/10/2017
2/1/2017quarterly$0.222.59%3/14/20173/16/20174/17/2017
10/28/2016quarterly$0.223.01%12/12/201612/14/20161/9/2017
7/28/2016quarterly$0.222.62%10/4/201610/6/201610/24/2016
4/29/2016quarterly$0.222.76%6/9/20166/13/20167/5/2016
1/22/2016quarterly$0.202.71%2/8/20162/10/20164/11/2016
10/30/2015quarterly$0.201.75%12/14/201512/16/20151/11/2016
8/4/2015quarterly$0.201.61%10/6/201510/8/201510/26/2015
5/1/2015quarterly$0.201.45%6/12/20156/16/20157/13/2015
2/5/2015quarterly$0.161.12%3/10/20153/12/20154/13/2015
10/31/2014quarterly$0.161.21%12/15/201412/17/20141/12/2015
7/31/2014quarterly$0.161.35%10/7/201410/9/201410/27/2014
4/30/2014quarterly$0.161.36%6/13/20146/17/20147/14/2014
1/31/2014quarterly$0.131.3%3/11/20143/13/20144/14/2014
10/25/2013quarterly$0.131.36%12/9/201312/11/20131/6/2014
7/25/2013quarterly$0.131.48%10/1/201310/3/201310/21/2013
4/23/2013quarterly$0.131.68%6/7/20136/11/20137/8/2013
2/1/2013quarterly$0.111.66%3/12/20133/14/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Legg Mason (NYSE:LM)
Insider Ownership Percentage: 12.70%
Institutional Ownership Percentage: 82.28%
Insider Trades by Quarter for Legg Mason (NYSE:LM)
Institutional Ownership by Quarter for Legg Mason (NYSE:LM)
Insider Trades by Quarter for Legg Mason (NYSE:LM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/28/2017Tian Qiao ChenDirectorSell4,232,500$38.43$162,654,975.00View SEC Filing  
5/1/2017Terence JohnsonInsiderSell8,777$37.24$326,855.48View SEC Filing  
5/1/2017Ursula SchliesslerCAOSell1,745$37.39$65,245.55View SEC Filing  
3/24/2017Terence JohnsonInsiderSell13,325$34.88$464,776.00View SEC Filing  
2/16/2017Joseph A SullivanChairmanSell29,744$36.06$1,072,568.64View SEC Filing  
2/16/2017Thomas C MerchantVPSell6,595$36.06$237,815.70View SEC Filing  
1/18/2017Tian Qiao ChenMajor ShareholderBuy30,405$31.58$960,189.90View SEC Filing  
1/10/2017Tian Qiao ChenMajor ShareholderSell760,000$30.93$23,506,800.00View SEC Filing  
1/9/2017Tian Qiao ChenMajor ShareholderSell420,000$30.76$12,919,200.00View SEC Filing  
6/22/2016Tian Qiao ChenMajor ShareholderSell16,000$32.11$513,760.00View SEC Filing  
6/6/2016Carol Anthony DavidsonDirectorBuy3,000$33.92$101,760.00View SEC Filing  
5/2/2016Terence JohnsonEVPSell9,519$31.65$301,276.35View SEC Filing  
5/2/2016Ursula SchliesslerCAOSell1,659$31.69$52,573.71View SEC Filing  
4/11/2016Trian Fund Management Gp, LlcInsiderSell10,526,153$32.00$336,836,896.00View SEC Filing  
2/1/2016Joseph A. SullivanCEOSell53,418$29.70$1,586,514.60View SEC Filing  
1/26/2016John H MyersDirectorBuy2,000$29.77$59,540.00View SEC Filing  
1/26/2016Joseph A SullivanCEOBuy25,000$29.81$745,250.00View SEC Filing  
1/26/2016Peter NachtweyCFOBuy20,000$29.92$598,400.00View SEC Filing  
5/27/2015Nelson PeltzInsiderSell314,218$53.84$16,917,497.12View SEC Filing  
5/20/2015Nelson PeltzMajor ShareholderSell218,800$54.41$11,904,908.00View SEC Filing  
5/5/2015Nelson PeltzMajor ShareholderSell417,000$55.23$23,030,910.00View SEC Filing  
5/5/2015Ursula SchliesslerCAOSell1,518$55.32$83,975.76View SEC Filing  
5/1/2015Terence JohnsonEVPSell8,996$54.27$488,212.92View SEC Filing  
4/13/2015Nelson PeltzMajor ShareholderSell50,000$55.01$2,750,500.00View SEC Filing  
4/7/2015Nelson PeltzMajor ShareholderSell220,050$55.15$12,135,757.50View SEC Filing  
4/6/2015Nelson PeltzMajor ShareholderSell200,000$55.17$11,034,000.00View SEC Filing  
4/2/2015Nelson PeltzMajor ShareholderSell628,000$55.47$34,835,160.00View SEC Filing  
12/22/2014Cheryl Gordon KrongardDirectorSell1,240$54.27$67,294.80View SEC Filing  
11/28/2014Gali Bar-ZivInsiderBuy15,000$0.12$1,800.00
5/5/2014Terence JohnsonEVPSell9,100$46.10$419,510.00View SEC Filing  
10/29/2013W Allen ReedDirectorSell19,987$38.59$771,298.33View SEC Filing  
11/2/2012W Allen ReedDirectorBuy20,000$25.55$511,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Chart

Legg Mason (LM) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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