About Legg Mason (NYSE:LM)
Legg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:LM
- CUSIP: 52490110
- Web: www.leggmason.com
- Market Cap: $3.63445 billion
- Outstanding Shares: 93,599,000
- 50 Day Moving Avg: $38.15
- 200 Day Moving Avg: $38.19
- 52 Week Range: $28.10 - $42.08
Sales & Book Value:
- Trailing P/E Ratio: 16.14
- Foreward P/E Ratio: 12.69
- P/E Growth: 0.00
- Annual Revenue: $2.98 billion
- Price / Sales: 1.22
- Book Value: $42.14 per share
- Price / Book: 0.92
- Annual Dividend: $1.12
- Dividend Yield: 2.9%
- EBITDA: $572.31 million
- Net Margins: 8.21%
- Return on Equity: 6.84%
- Return on Assets: 3.35%
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 2.74%
- Quick Ratio: 1.93%
- Average Volume: 849,952 shs.
- Beta: 2.22
Frequently Asked Questions for Legg Mason (NYSE:LM)
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, July 26th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.28 per share on Monday, October 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Wednesday, October 4th. View Legg Mason's Dividend History.
How were Legg Mason's earnings last quarter?
Legg Mason, Inc. (NYSE:LM) posted its earnings results on Wednesday, July, 26th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.09. The firm had revenue of $793.80 million for the quarter, compared to analysts' expectations of $766.60 million. Legg Mason had a net margin of 8.21% and a return on equity of 6.84%. Legg Mason's revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. View Legg Mason's Earnings History.
When will Legg Mason make its next earnings announcement?
Where is Legg Mason's stock going? Where will Legg Mason's stock price be in 2017?
10 equities research analysts have issued 1 year price objectives for Legg Mason's shares. Their forecasts range from $36.00 to $49.00. On average, they anticipate Legg Mason's stock price to reach $42.89 in the next twelve months. View Analyst Ratings for Legg Mason.
What are analysts saying about Legg Mason stock?
Here are some recent quotes from research analysts about Legg Mason stock:
- 1. According to Zacks Investment Research, "Legg Mason’s shares have outperformed the Zacks categorized Investment Management industry over the last six months. Further, the company’s strategic acquisitions over the last few years, including the acquisition of Financial Guard in Aug 2016, are expected to boost top-line growth. The company also recently hiked its quarterly dividend by 27%, reflecting steady capital deployment activities. However, continued equity AUM outflows in the coming years can be a headwind. Also, escalating expenses may hinder the company's money market fund business." (7/4/2017)
- 2. Jefferies Group LLC analysts commented, "Last week we spent time with the CEO of Legg Mason, Joe Sullivan. Positive flow momentum continues across the majority of its affiliates in both equity and fixed income. While Western remains the primary contributor to inflows, the equity franchise is also exhibiting positive trends driven by Clearbridge as well as improving trends at Royce." (3/27/2017)
Who are some of Legg Mason's key competitors?
Some companies that are related to Legg Mason include Apollo Global Management, LLC (APO), Fortress Investment Group LLC (FIG), Intermediate Capital Group plc (ICP), Noah Holdings (NOAH), Waddell & Reed Financial (WDR), Sanne Group PLC (SNN), IP Group Plc (IPO), Goldman Sachs BDC (GSBD), Gamco Investors (GBL), Allied Minds PLC (ALM), Arlington Asset Investment Corp (AI), River and Mercantile Group PLC (RIV), Safeguard Scientifics (SFE), Mattioli Woods plc (MTW), IFG Group PLC (IFP), Garrison Capital (GARS), Ashford (AINC) and Sigma Capital Group Plc (SGM).
Who are Legg Mason's key executives?
Legg Mason's management team includes the folowing people:
- Joseph A. Sullivan, Chairman of the Board, President, Chief Executive Officer
- Tianqiao Chen, Independent Vice Chairman of the Board
- Peter H. Nachtwey, Chief Financial Officer, Senior Executive Vice President
- Patricia Lattin, Chief Human Resource Officer
- Ursula Amelie Schliessler, Executive Vice President, Chief Administrative Officer
- Thomas C. Merchant, Executive Vice President, General Counsel, Corporate Secretary
- Thomas K. Hoops, Executive Vice President, Head of Business and Product Development
- Terence Johnson, Executive Vice President, Head - Global Distribution
- Frances Cashman, Global Head - Communications and Engagement
- John Kenney, Global Head - Affiliate Strategic Initiatives
Who owns Legg Mason stock?
Legg Mason's stock is owned by a variety of of institutional and retail investors. Top institutional investors include
SHANDA ASSET MANAGEMENT INVESTMENT LTD
(6.00%), Sit Investment Associates Inc. (0.71%), Robeco Institutional Asset Management B.V. (0.13%), Mutual of America Capital Management LLC (0.07%), APG Asset Management N.V. (0.06%) and State Treasurer State of Michigan (0.03%). Company insiders that own Legg Mason stock include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Peter Nachtwey, Terence Johnson, Thomas C Merchant, Tian Qiao Chen, Trian Fund Management Gp, Llc and Ursula Schliessler. View Institutional Ownership Trends for Legg Mason.
Who sold Legg Mason stock? Who is selling Legg Mason stock?
Legg Mason's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc. and State Treasurer State of Michigan. Company insiders that have sold Legg Mason stock in the last year include Joseph A Sullivan, Terence Johnson, Thomas C Merchant, Tian Qiao Chen and Ursula Schliessler. View Insider Buying and Selling for Legg Mason.
Who bought Legg Mason stock? Who is buying Legg Mason stock?
Legg Mason's stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., APG Asset Management N.V., Shell Asset Management Co. and Mutual of America Capital Management LLC. Company insiders that have bought Legg Mason stock in the last two years include Carol Anthony Davidson, John H Myers, Joseph A Sullivan, Peter Nachtwey and Tian Qiao Chen. View Insider Buying and Selling for Legg Mason.
How do I buy Legg Mason stock?
Shares of Legg Mason can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Legg Mason's stock price today?
MarketBeat Community Rating for Legg Mason (NYSE LM)MarketBeat's community ratings are surveys of what our community members think about Legg Mason and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Legg Mason stock can currently be purchased for approximately $38.83.
Consensus Ratings for Legg Mason (NYSE:LM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 2 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$42.89 (10.45% upside)|Consensus Price Target History for Legg Mason (NYSE:LM)
Analysts' Ratings History for Legg Mason (NYSE:LM)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Royal Bank Of Canada||Set Price Target||Buy||$47.00||N/A|
|10/17/2017||Deutsche Bank AG||Initiated Coverage||Buy||$44.00||N/A|
|10/5/2017||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$37.00 -> $36.00||N/A|
|9/29/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$47.00||Low|
|9/8/2017||Barclays PLC||Initiated Coverage||Equal Weight -> Equal Weight||$39.00||Low|
|8/20/2017||Jefferies Group LLC||Reiterated Rating||Buy||$49.00||Low|
|8/11/2017||Citigroup Inc.||Reiterated Rating||Neutral||$43.00 -> $41.00||Low|
|7/9/2017||Credit Suisse Group||Reiterated Rating||Buy||$47.00||Low|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||$36.00||N/A|
|12/16/2016||Bank of America Corporation||Downgrade||Buy -> Underperform||N/A|
|7/18/2016||Wells Fargo & Company||Reiterated Rating||Buy||N/A|
|5/5/2016||Piper Jaffray Companies||Reiterated Rating||Overweight||$51.00||N/A|
Earnings History for Legg Mason (NYSE:LM)Earnings History by Quarter for Legg Mason (NYSE LM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q1 2018||$0.43||$0.52||$766.60 million||$793.80 million||View||N/A|
|4/26/2017||Q4 2017||$0.63||$0.92||$701.50 million||$723.13 million||View||N/A|
|2/1/2017||Q3 2017||$0.64||$0.50||$714.13 million||$715.20 million||View||Listen|
|10/28/2016||Q217||$0.58||$0.63||$751.20 million||$748.40 million||View||Listen|
|7/27/2016||Q1||$0.25||$0.31||$681.99 million||$700.20 million||View||Listen|
|4/29/2016||Q4||($0.47)||($0.15)||$631.88 million||$619.50 million||View||Listen|
|1/22/2016||Q316||$0.70||$1.45||$674.02 million||$659.56 million||View||Listen|
|10/30/2015||Q216||$0.64||$0.89||$690.78 million||$673.10 million||View||Listen|
|7/31/2015||Q116||$0.83||$1.14||$702.72 million||$708.60 million||View||Listen|
|5/1/2015||Q415||$0.99||$1.03||$697.40 million||$702.30 million||View||N/A|
|1/30/2015||Q315||$0.97||$0.98||$714.34 million||$719.00 million||View||N/A|
|10/31/2014||Q215||$0.33||$0.35||$705.50 million||$703.90 million||View||N/A|
|7/31/2014||Q115||$0.86||$0.91||$704.40 million||$693.90 million||View||N/A|
|5/1/2014||Q414||$0.89||$0.86||$693.60 million||$681.40 million||View||N/A|
|1/30/2014||Q314||$0.68||$0.67||$725.85 million||$720.10 million||View||N/A|
|10/25/2013||Q214||$0.61||$0.70||$659.38 million||$669.90 million||View||N/A|
|7/25/2013||Q1 2014||$0.46||$0.68||$657.20 million||$670.40 million||View||N/A|
|4/30/2013||Q4 2013||$0.20||$0.23||$645.69 million||$667.80 million||View||N/A|
|2/1/2013||Q3 2013||($3.23)||($3.45)||$677.45 million||$673.90 million||View||N/A|
|10/26/2012||Q213||$0.56||$0.60||$634.72 million||$640.30 million||View||N/A|
Earnings Estimates for Legg Mason (NYSE:LM)
2017 EPS Consensus Estimate: $2.46
2018 EPS Consensus Estimate: $2.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Legg Mason (NYSE:LM)
|Dividend Growth:||31.40% (3 Year Average)|
|Payout Ratio:||46.47% (Trailing 12 Months of Earnings) |
42.26% (Based on This Year's Estimates)
36.60% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Legg Mason (NYSE LM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Legg Mason (NYSE:LM)
Insider Ownership Percentage: 12.70%Insider Trades by Quarter for Legg Mason (NYSE:LM)
Institutional Ownership Percentage: 82.28%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/28/2017||Tian Qiao Chen||Director||Sell||4,232,500||$38.43||$162,654,975.00|| |
|5/1/2017||Terence Johnson||Insider||Sell||8,777||$37.24||$326,855.48|| |
|5/1/2017||Ursula Schliessler||CAO||Sell||1,745||$37.39||$65,245.55|| |
|3/24/2017||Terence Johnson||Insider||Sell||13,325||$34.88||$464,776.00|| |
|2/16/2017||Joseph A Sullivan||Chairman||Sell||29,744||$36.06||$1,072,568.64|| |
|2/16/2017||Thomas C Merchant||VP||Sell||6,595||$36.06||$237,815.70|| |
|1/18/2017||Tian Qiao Chen||Major Shareholder||Buy||30,405||$31.58||$960,189.90|| |
|1/10/2017||Tian Qiao Chen||Major Shareholder||Sell||760,000||$30.93||$23,506,800.00|| |
|1/9/2017||Tian Qiao Chen||Major Shareholder||Sell||420,000||$30.76||$12,919,200.00|| |
|6/22/2016||Tian Qiao Chen||Major Shareholder||Sell||16,000||$32.11||$513,760.00|| |
|6/6/2016||Carol Anthony Davidson||Director||Buy||3,000||$33.92||$101,760.00|| |
|5/2/2016||Terence Johnson||EVP||Sell||9,519||$31.65||$301,276.35|| |
|5/2/2016||Ursula Schliessler||CAO||Sell||1,659||$31.69||$52,573.71|| |
|4/11/2016||Trian Fund Management Gp, Llc||Insider||Sell||10,526,153||$32.00||$336,836,896.00|| |
|2/1/2016||Joseph A. Sullivan||CEO||Sell||53,418||$29.70||$1,586,514.60|| |
|1/26/2016||John H Myers||Director||Buy||2,000||$29.77||$59,540.00|| |
|1/26/2016||Joseph A Sullivan||CEO||Buy||25,000||$29.81||$745,250.00|| |
|1/26/2016||Peter Nachtwey||CFO||Buy||20,000||$29.92||$598,400.00|| |
|5/27/2015||Nelson Peltz||Insider||Sell||314,218||$53.84||$16,917,497.12|| |
|5/20/2015||Nelson Peltz||Major Shareholder||Sell||218,800||$54.41||$11,904,908.00|| |
|5/5/2015||Nelson Peltz||Major Shareholder||Sell||417,000||$55.23||$23,030,910.00|| |
|5/5/2015||Ursula Schliessler||CAO||Sell||1,518||$55.32||$83,975.76|| |
|5/1/2015||Terence Johnson||EVP||Sell||8,996||$54.27||$488,212.92|| |
|4/13/2015||Nelson Peltz||Major Shareholder||Sell||50,000||$55.01||$2,750,500.00|| |
|4/7/2015||Nelson Peltz||Major Shareholder||Sell||220,050||$55.15||$12,135,757.50|| |
|4/6/2015||Nelson Peltz||Major Shareholder||Sell||200,000||$55.17||$11,034,000.00|| |
|4/2/2015||Nelson Peltz||Major Shareholder||Sell||628,000||$55.47||$34,835,160.00|| |
|12/22/2014||Cheryl Gordon Krongard||Director||Sell||1,240||$54.27||$67,294.80|| |
|5/5/2014||Terence Johnson||EVP||Sell||9,100||$46.10||$419,510.00|| |
|10/29/2013||W Allen Reed||Director||Sell||19,987||$38.59||$771,298.33|| |
|11/2/2012||W Allen Reed||Director||Buy||20,000||$25.55||$511,000.00|| |
Headline Trends for Legg Mason (NYSE:LM)
Latest Headlines for Legg Mason (NYSE:LM)
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Legg Mason (LM) Chart for Sunday, October, 22, 2017