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

Sign in or create an account to add this stock to your watchlist.
$29.15 +0.12 (+0.41 %)
(As of 10/21/2018 04:55 AM ET)
Previous Close$29.15
Today's Range$28.76 - $29.54
52-Week Range$28.24 - $47.13
Volume528,680 shs
Average Volume866,737 shs
Market Capitalization$2.48 billion
P/E Ratio7.84
Dividend Yield4.68%
Beta1.88
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.

Receive LM News and Ratings via Email

Sign-up to receive the latest news and ratings for LM and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.58
Current Ratio2.41
Quick Ratio1.64

Price-To-Earnings

Trailing P/E Ratio7.84
Forward P/E Ratio8.78
P/E Growth0.52

Sales & Book Value

Annual Sales$3.14 billion
Price / Sales0.79
Cash Flow$5.0784 per share
Price / Cash5.74
Book Value$45.57 per share
Price / Book0.64

Profitability

EPS (Most Recent Fiscal Year)$3.72
Net Income$285.07 million
Net Margins11.87%
Return on Equity8.12%
Return on Assets3.90%

Miscellaneous

Employees3,275
Outstanding Shares85,460,000
Market Cap$2.48 billion

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 Tuesday, July 31st. Investors of record on Friday, October 5th will be given a dividend of $0.34 per share on Tuesday, October 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 4th. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) released its quarterly earnings data on Wednesday, July, 25th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.78 by $0.03. The asset manager earned $747.91 million during the quarter, compared to analysts' expectations of $748.72 million. Legg Mason had a return on equity of 8.12% and a net margin of 11.87%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.52 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 Wednesday, October 24th 2018. View Earnings Estimates for Legg Mason.

How can I listen to Legg Mason's earnings call?

Legg Mason will be holding an earnings conference call on Wednesday, October 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for LM?

9 analysts have issued 1-year price targets for Legg Mason's shares. Their forecasts range from $32.00 to $53.00. On average, they anticipate Legg Mason's stock price to reach $43.5556 in the next year. This suggests a possible upside of 49.4% from the stock's current price. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for Legg Mason?

9 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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)

Who are Legg Mason's major shareholders?

Legg Mason's stock is owned by many different of retail and institutional investors. Top institutional investors include Clarkston Capital Partners LLC (5.22%), Gateway Investment Advisers LLC (0.20%), West Coast Financial LLC (0.16%), Nisa Investment Advisors LLC (0.12%), Aperio Group LLC (0.10%) and Bank of Montreal Can (0.06%). 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 major investors are selling Legg Mason stock?

LM stock was sold by a variety of institutional investors in the last quarter, including Lingohr & Partner Asset Management GmbH, Aperio Group LLC and Bank of Montreal Can. 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 major 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, Gateway Investment Advisers LLC, Oakbrook Investments LLC, West Coast Financial LLC, Westbourne Investment Advisors Inc., Nisa Investment Advisors LLC and State of Alaska Department of Revenue. 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 $29.15.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $2.48 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:  402 (Vote Outperform)
Underperform Votes:  594 (Vote Underperform)
Total Votes:  996
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 10/21/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel