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

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$25.37 -0.46 (-1.78 %)
(As of 12/19/2018 03:15 AM ET)
Previous Close$25.83
Today's Range$25.21 - $26.16
52-Week Range$25.21 - $47.13
Volume939,300 shs
Average Volume895,398 shs
Market Capitalization$2.19 billion
P/E Ratio6.82
Dividend Yield5.31%
Beta1.73
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

Stock Exchange NYSE
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:LM
Previous Symbol
CUSIP52490110
Phone410-539-0000

Debt

Debt-to-Equity Ratio0.50
Current Ratio1.77
Quick Ratio1.27

Price-To-Earnings

Trailing P/E Ratio6.82
Forward P/E Ratio7.93
P/E Growth0.5

Sales & Book Value

Annual Sales$3.14 billion
Price / Sales0.69
Cash Flow$5.0138 per share
Price / Cash Flow5.06
Book Value$45.57 per share
Price / Book0.56

Profitability

EPS (Most Recent Fiscal Year)$3.72
Net Income$285.07 million
Net Margins11.81%
Return on Equity8.03%
Return on Assets3.88%

Miscellaneous

Employees3,275
Outstanding Shares85,530,000
Market Cap$2.19 billion
OptionableOptionable

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 Monday, October 29th. Shareholders of record on Wednesday, December 19th will be given a dividend of $0.34 per share on Monday, January 14th. This represents a $1.36 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Tuesday, December 18th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) issued its quarterly earnings data on Wednesday, October, 24th. The asset manager reported $0.82 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.83 by $0.01. The asset manager earned $758.43 million during the quarter, compared to the consensus estimate of $755.29 million. Legg Mason had a net margin of 11.81% and a return on equity of 8.03%. 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 Wednesday, January 23rd 2019. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

10 equities research analysts have issued twelve-month price targets for Legg Mason's shares. Their forecasts range from $25.00 to $53.00. On average, they expect Legg Mason's share price to reach $38.80 in the next twelve months. This suggests a possible upside of 52.9% from the stock's current price. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation 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, 4 hold ratings and 4 buy ratings 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 somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news 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 news sentiment score of 1.3 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

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:
  • Mr. Joseph A. Sullivan, Chairman, Pres & CEO (Age 60)
  • Mr. Peter Hamilton Nachtwey, CFO & Sr. EVP (Age 62)
  • Mr. Thomas Clifton Merchant, Gen. Counsel, Exec. VP & Corp. Sec. (Age 50)
  • Mr. Terence Johnson, Head of Global Distribution & Exec. VP (Age 45)
  • Mr. Thomas Karl Hoops, Head of Bus. & Product Devel. and Exec. VP (Age 53)

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.42%), Vanguard Group Inc (9.40%), Vanguard Group Inc. (9.40%), Clarkston Capital Partners LLC (5.22%), LSV Asset Management (4.76%) and Dimensional Fund Advisors LP (4.74%). Company insiders that own Legg Mason stock include Frances Cashman, Joseph A Sullivan, Patricia Lattin, Terence Johnson, Thomas C Merchant, Tian Qiao Chen 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 FMR LLC, Vanguard Group Inc., Vanguard Group Inc, Prudential Financial Inc., Morgan Stanley, Federated Investors Inc. PA, Retirement Systems of Alabama and Chicago Equity Partners LLC. Company insiders that have sold Legg Mason company stock in the last year include Frances Cashman, Joseph A Sullivan, Patricia Lattin and Thomas C Merchant. View Insider Buying and Selling for Legg Mason.

Which institutional investors are buying Legg Mason stock?

LM stock was purchased by a variety of institutional investors in the last quarter, including Clarkston Capital Partners LLC, Renaissance Technologies LLC, BlackRock Inc., American Century Companies Inc., Radin Capital Partners Inc., Matarin Capital Management LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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, Scottrade, Fidelity and Charles Schwab.

What is Legg Mason's stock price today?

One share of LM stock can currently be purchased for approximately $25.37.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $2.19 billion and generates $3.14 billion in revenue each year. The asset manager earns $285.07 million in net income (profit) each year or $3.72 on an earnings per share basis. Legg Mason employs 3,275 workers across the globe.

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:  411 (Vote Outperform)
Underperform Votes:  604 (Vote Underperform)
Total Votes:  1,015
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 12/19/2018 by MarketBeat.com Staff

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