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NYSE:LMLegg Mason Stock Price, Forecast & News

$49.86
-0.01 (-0.02 %)
(As of 05/29/2020 01:29 PM ET)
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Today's Range
$49.84
Now: $49.86
$49.93
50-Day Range
$48.99
MA: $49.63
$49.96
52-Week Range
$33.99
Now: $49.86
$50.70
Volume113,137 shs
Average Volume2.10 million shs
Market Capitalization$4.39 billion
P/E Ratio17.94
Dividend Yield3.21%
Beta0.76
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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Legg Mason logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


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$2.92 billion
Cash Flow$4.10 per share
Book Value$43.14 per share

Profitability

Net Income$251.37 million

Miscellaneous

Employees3,246
Market Cap$4.39 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Legg Mason (NYSE:LM) Frequently Asked Questions

How has Legg Mason's stock been impacted by COVID-19 (Coronavirus)?

Legg Mason's stock was trading at $49.29 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LM shares have increased by 1.2% and is now trading at $49.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Legg Mason?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Legg Mason.

When is Legg Mason's next earnings date?

Legg Mason is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Legg Mason.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) posted its quarterly earnings results on Wednesday, April, 29th. The asset manager reported $1.02 EPS for the quarter, beating the consensus estimate of $0.88 by $0.14. The asset manager had revenue of $719.60 million for the quarter, compared to analyst estimates of $702.81 million. Legg Mason had a return on equity of 8.99% and a net margin of 8.60%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. View Legg Mason's earnings history.

How often does Legg Mason pay dividends? What is the dividend yield for Legg Mason?

Legg Mason declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.40 per share on Monday, July 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, June 15th. View Legg Mason's dividend history.

What price target have analysts set for LM?

9 brokerages have issued 12 month price objectives for Legg Mason's stock. Their forecasts range from $38.00 to $50.00. On average, they anticipate Legg Mason's stock price to reach $46.78 in the next twelve months. This suggests that the stock has a possible downside of 6.2%. View analysts' price targets for Legg Mason.

Has Legg Mason been receiving favorable news coverage?

Media headlines about LM stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. 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 media sentiment score of 2.7 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutLegg Mason.

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), KKR & Co Inc (KKR), Altria Group (MO), Gilead Sciences (GILD), AT&T (T), Exxon Mobil (XOM) and Pfizer (PFE).

Who are Legg Mason's key executives?

Legg Mason's management team includes the following 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)

What is Legg Mason's stock symbol?

Legg Mason trades on the New York Stock Exchange (NYSE) under the ticker symbol "LM."

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.50%), State Street Corp (2.40%), Pentwater Capital Management LP (2.21%), Water Island Capital LLC (1.71%), Alpine Associates Management Inc. (1.70%) and Healthcare of Ontario Pension Plan Trust Fund (1.55%). Company insiders that own Legg Mason stock include Edward P Garden, Frances Cashman, Joseph A Sullivan, Legg Mason, Inc, 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 APG Asset Management N.V., APG Asset Management N.V., Gamco Investors INC. ET AL, BlackRock Inc., Raymond James & Associates, Robeco Institutional Asset Management B.V., Nuveen Asset Management LLC, and Gabelli Funds LLC. Company insiders that have sold Legg Mason company stock in the last year include Edward P Garden, Joseph A Sullivan, and Terence Johnson. View insider buying and selling activity 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 Pentwater Capital Management LP, Water Island Capital LLC, Alpine Associates Management Inc., Healthcare of Ontario Pension Plan Trust Fund, BNP Paribas Arbitrage SA, CNH Partners LLC, Balyasny Asset Management LLC, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity 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 $49.87.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $4.39 billion and generates $2.92 billion in revenue each year. The asset manager earns $251.37 million in net income (profit) each year or $3.76 on an earnings per share basis. Legg Mason employs 3,246 workers across the globe.

What is Legg Mason's official website?

The official website for Legg Mason is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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