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

$50.46
+0.08 (+0.16 %)
(As of 02/20/2020 04:00 PM ET)
Today's Range
$50.35
Now: $50.46
$50.55
50-Day Range
$35.44
MA: $39.13
$50.66
52-Week Range
$26.36
Now: $50.46
$50.70
Volume2.79 million shs
Average Volume1.37 million shs
Market Capitalization$4.38 billion
P/E Ratio19.11
Dividend Yield3.18%
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$9.50 per share
Book Value$44.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$4.38 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. 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 3.17%. The ex-dividend date is Wednesday, March 18th. View Legg Mason's Dividend History.

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 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The asset manager had revenue of $753.90 million for the quarter, compared to the consensus estimate of $730.76 million. Legg Mason had a return on equity of 8.37% and a net margin of 8.18%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.55) earnings per share. 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 Wall Street analysts have issued 1 year price objectives for Legg Mason's stock. Their forecasts range from $27.00 to $50.00. On average, they anticipate Legg Mason's share price to reach $44.80 in the next year. This suggests that the stock has a possible downside of 11.2%. 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?

News headlines about LM stock have been trending positive on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Legg Mason earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage 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 increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,720,000 shares, an increase of 18.3% from the December 31st total of 2,300,000 shares. Based on an average trading volume of 578,400 shares, the short-interest ratio is presently 4.7 days. Currently, 3.2% of the shares of the stock are sold short. 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 Exxon Mobil (XOM).

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 variety 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%), Bank of New York Mellon Corp (1.41%), Renaissance Technologies LLC (1.40%) and Geode Capital Management LLC (1.21%). 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 $50.46.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $4.38 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 2/20/2020 by MarketBeat.com Staff

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