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

$37.29
-0.46 (-1.22 %)
(As of 01/21/2020 04:00 PM ET)
Today's Range
$37.16
Now: $37.29
$37.67
50-Day Range
$35.44
MA: $36.78
$39.14
52-Week Range
$26.36
Now: $37.29
$40.27
Volume614,080 shs
Average Volume694,571 shs
Market Capitalization$3.24 billion
P/E RatioN/A
Dividend Yield4.24%
Beta1.46
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. Read More…

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$2.90 billion
Cash Flow$9.42 per share
Book Value$43.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$3.24 billion
Next Earnings Date1/29/2020 (Confirmed)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, November 5th. Investors of record on Tuesday, December 24th will be paid a dividend of $0.40 per share on Monday, January 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, December 23rd. View Legg Mason's Dividend History.

How were Legg Mason's earnings last quarter?

Legg Mason Inc (NYSE:LM) released its quarterly earnings results on Wednesday, October, 30th. The asset manager reported $0.95 EPS for the quarter, beating the Zacks' consensus estimate of $0.86 by $0.09. The asset manager earned $743.30 million during the quarter, compared to analyst estimates of $720.83 million. Legg Mason had a positive return on equity of 7.67% and a negative net margin of 1.93%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 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, January 29th 2020. 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, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for LM?

8 Wall Street analysts have issued 1 year price targets for Legg Mason's shares. Their forecasts range from $27.00 to $44.00. On average, they expect Legg Mason's stock price to reach $36.36 in the next year. This suggests that the stock has a possible downside of 2.5%. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for Legg Mason?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 1 sell rating, 4 hold ratings and 3 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 stories about LM stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press 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 -5 to 5, with scores nearest to five being the most favorable. Legg Mason earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Legg Mason.

Are investors shorting Legg Mason?

Legg Mason saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,720,000 shares, an increase of 18.3% from the December 15th total of 2,300,000 shares. Based on an average trading volume of 589,900 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.2% of the shares of the stock are sold short. View Legg Mason's Current Options Chain.

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), Philip Morris International (PM), Exxon Mobil (XOM) and Pfizer (PFE).

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 a variety of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.26%), Gateway Investment Advisers LLC (0.15%), Nisa Investment Advisors LLC (0.10%), Janney Montgomery Scott LLC (0.03%), Lenox Wealth Advisors LLC (0.03%) and West Coast Financial LLC (0.03%). Company insiders that own Legg Mason stock include Frances Cashman, Joseph A Sullivan, Patricia Lattin, 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 Wedge Capital Management L L P NC, Gateway Investment Advisers LLC, Nisa Investment Advisors LLC, CenturyLink Investment Management Co, West Coast Financial LLC, State of Alaska Department of Revenue and IFP Advisors Inc. Company insiders that have sold Legg Mason company stock in the last year include Joseph A Sullivan, Peter Nachtwey, Terence Johnson, Thomas C Merchant and Ursula Schliessler. 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 Lenox Wealth Advisors LLC, Alpine Global Management LLC, Janney Montgomery Scott LLC, Cerebellum GP LLC, Vigilant Capital Management LLC, Huntington National Bank, Arden Trust Co and Alpha Windward LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Legg Mason's stock price today?

One share of LM stock can currently be purchased for approximately $37.29.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $3.24 billion and generates $2.90 billion in revenue each year. The asset manager earns $-28,510,000.00 in net income (profit) each year or $3.04 on an earnings per share basis. Legg Mason employs 3,246 workers across the globe.View Additional Information About Legg Mason.

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:  2.1 out of 5 (star star)
Outperform Votes:  467 (Vote Outperform)
Underperform Votes:  671 (Vote Underperform)
Total Votes:  1,138
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 1/21/2020 by MarketBeat.com Staff

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