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

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$32.86 +0.03 (+0.09 %)
(As of 04/23/2019 06:19 AM ET)
Previous Close$32.83
Today's Range$32.71 - $33.13
52-Week Range$23.25 - $40.02
Volume757,752 shs
Average Volume1.04 million shs
Market Capitalization$2.81 billion
P/E Ratio8.83
Dividend Yield4.14%
Beta1.65
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$3.14 billion
Cash Flow$5.0632 per share
Book Value$45.57 per share

Profitability

Net Income$285.07 million

Miscellaneous

Employees3,275
Market Cap$2.81 billion
Next Earnings Date4/24/2019 (Estimated)
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, February 11th. Shareholders of record on Tuesday, March 26th will be paid a dividend of $0.34 per share on Monday, April 29th. This represents a $1.36 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 25th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) posted its quarterly earnings data on Monday, February, 4th. The asset manager reported ($2.55) earnings per share for the quarter, missing the consensus estimate of $0.69 by $3.24. The asset manager earned $704.30 million during the quarter, compared to analyst estimates of $718.90 million. Legg Mason had a positive return on equity of 7.44% and a negative net margin of 0.06%. The firm's revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 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 Wednesday, April 24th 2019. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

11 brokerages have issued 12 month price objectives for Legg Mason's shares. Their forecasts range from $24.00 to $53.00. On average, they expect Legg Mason's share price to reach $34.90 in the next year. This suggests a possible upside of 6.2% from the stock's current price. 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 2 sell ratings, 4 hold ratings and 5 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?

Media coverage about LM stock has been trending somewhat negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Legg Mason earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the asset manager a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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), Diebold Nixdorf (DBD), Bristol-Myers Squibb (BMY), Chicago Bridge & Iron (CBI), KKR & Co Inc (KKR), Philip Morris International (PM), Netflix (NFLX), Constellation Brands (STZ), Cisco Systems (CSCO) and Intel (INTC).

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 many different of institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (5.64%), Velanne Asset Management Ltd (0.23%), West Coast Financial LLC (0.15%), Retirement Systems of Alabama (0.13%), Nisa Investment Advisors LLC (0.11%) and Eqis Capital Management Inc. (0.03%). 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 Eqis Capital Management Inc. and Nisa Investment Advisors 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 acquired by a variety of institutional investors in the last quarter, including Clarkston Capital Partners LLC, CenturyLink Investment Management Co, West Coast Financial LLC, Sciencast Management LP, Velanne Asset Management Ltd, KMG Fiduciary Partners LLC, First Citizens Bank & Trust Co. and Raymond James Trust N.A.. 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 $32.86.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $2.81 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:  427 (Vote Outperform)
Underperform Votes:  622 (Vote Underperform)
Total Votes:  1,049
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 4/23/2019 by MarketBeat.com Staff

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