NYSE:LM - Legg Mason Stock Price, Price Target & More

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$35.67 -0.09 (-0.25 %)
(As of 06/22/2018 01:14 AM ET)
Previous Close$35.76
Today's Range$35.39 - $35.82
52-Week Range$35.05 - $47.13
Volume586,800 shs
Average Volume888,071 shs
Market Capitalization$3.06 billion
P/E Ratio9.59
Dividend Yield3.80%
Beta2.01
Legg Mason logoLegg 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
SymbolNYSE:LM
CUSIP52490110
Phone410-539-0000

Debt

Debt-to-Equity Ratio0.58
Current Ratio1.96
Quick Ratio1.41

Price-To-Earnings

Trailing P/E Ratio9.59
Forward P/E Ratio9.88
P/E Growth0.55

Sales & Book Value

Annual Sales$3.14 billion
Price / Sales0.97
Cash Flow$5.0381 per share
Price / Cash7.08
Book Value$45.57 per share
Price / Book0.78

Profitability

EPS (Most Recent Fiscal Year)$3.72
Net Income$285.07 million
Net Margins11.21%
Return on Equity7.86%
Return on Assets3.79%

Miscellaneous

Employees3,275
Outstanding Shares85,460,000

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 Wednesday, April 25th. Stockholders of record on Tuesday, June 12th will be paid a dividend of $0.34 per share on Monday, July 9th. This represents a $1.36 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Monday, June 11th. This is a boost from Legg Mason's previous quarterly dividend of $0.28. 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, April, 25th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.15. The asset manager had revenue of $785.10 million for the quarter, compared to analysts' expectations of $755.98 million. Legg Mason had a net margin of 11.21% and a return on equity of 7.86%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 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 Tuesday, July, 24th 2018. View Earnings Estimates for Legg Mason.

What price target have analysts set for LM?

9 brokers have issued 1-year target prices for Legg Mason's shares. Their forecasts range from $40.00 to $57.00. On average, they anticipate Legg Mason's stock price to reach $47.4444 in the next twelve months. View Analyst Ratings for Legg Mason.

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, CEO & Pres (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)

Has Legg Mason been receiving favorable news coverage?

News articles about LM stock have trended positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Legg Mason earned a coverage optimism score of 0.30 on Accern's scale. They also gave media coverage about the asset manager an impact score of 45.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

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 BlackRock Inc. (9.42%), Dimensional Fund Advisors LP (4.87%), LSV Asset Management (4.41%), GAMCO INVESTORS, INC. ET AL (4.08%), Gamco Investors INC. ET AL (2.75%) and Gabelli Funds LLC (1.49%). Company insiders that own Legg Mason stock include Joseph A Sullivan, Martin Bernholtz, Michael Kraft, 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 Millennium Management LLC, Gamco Investors INC. ET AL, WBI Investments Inc., KBC Group NV, Impax Asset Management LLC, Wedge Capital Management L L P NC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Gabelli Funds LLC. Company insiders that have sold Legg Mason company stock in the last year include Joseph A Sullivan, Patricia Lattin, Thomas C Merchant and Tian Qiao Chen. 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 Prudential Financial Inc., Fiera Capital Corp, Mackay Shields LLC, Nuveen Asset Management LLC, Chicago Equity Partners LLC, Matarin Capital Management LLC, LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have bought Legg Mason stock in the last two years include Martin Bernholtz, Michael Kraft and Tian Qiao Chen. 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 $35.67.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $3.06 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.

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 (LM)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  367 (Vote Outperform)
Underperform Votes:  553 (Vote Underperform)
Total Votes:  920
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 6/22/2018 by MarketBeat.com Staff

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