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Legg Mason Stock Price, News & Analysis (NYSE:LM)

$35.25
-0.60 (-1.67 %)
(As of 10/22/2019 04:00 PM ET)
Today's Range
$35.23
Now: $35.25
$36.22
50-Day Range
$34.59
MA: $37.29
$40.10
52-Week Range
$23.25
Now: $35.25
$40.27
Volume420,291 shs
Average Volume870,477 shs
Market Capitalization$3.06 billion
P/E Ratio11.60
Dividend Yield4.46%
Beta1.51
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$9.40 per share
Book Value$43.14 per share

Profitability

Net Income$-28,510,000.00

Miscellaneous

Employees3,246
Market Cap$3.06 billion
Next Earnings Date10/30/2019 (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 Thursday, August 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share on Monday, October 28th. This represents a $1.60 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, October 9th. 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 Thursday, August, 1st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The asset manager earned $705.36 million during the quarter, compared to analyst estimates of $708.70 million. Legg Mason had a positive return on equity of 7.24% and a negative net margin of 1.72%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.75 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, October 30th 2019. 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 30th 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?

11 equities research analysts have issued 12-month price targets for Legg Mason's shares. Their predictions range from $27.00 to $42.00. On average, they anticipate Legg Mason's share price to reach $34.00 in the next twelve months. This suggests that the stock has a possible downside of 3.5%. View Analyst Price Targets for Legg Mason.

What is the consensus analysts' recommendation for Legg Mason?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legg Mason in the last year. There are currently 2 sell ratings, 6 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?

Press coverage about LM stock has been trending very negative this week, according to InfoTrie. 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 companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Legg Mason earned a news impact score of -3.6 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Legg 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), Philip Morris International (PM), Exxon Mobil (XOM), Gilead Sciences (GILD), Altria Group (MO) and Wells Fargo & Co (WFC).

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 many different of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (1.13%), Nisa Investment Advisors LLC (0.12%), Brinker Capital Inc. (0.05%), Envestnet Asset Management Inc. (0.05%), Pacer Advisors Inc. (0.03%) and State of Michigan Retirement System (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 West Coast Financial LLC, Robeco Institutional Asset Management B.V., Fox Run Management L.L.C., Pacer Advisors Inc., Coastal Investment Advisors Inc., CenturyLink Investment Management Co, Envestnet Asset Management Inc. and State of Michigan Retirement System. 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 Nisa Investment Advisors LLC, Virginia Retirement Systems ET AL, Oakbrook Investments LLC, Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue, Cerebellum GP LLC, Moors & Cabot Inc. and Brinker Capital Inc.. 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 $35.25.

How big of a company is Legg Mason?

Legg Mason has a market capitalization of $3.06 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:  2.0 out of 5 (star star)
Outperform Votes:  454 (Vote Outperform)
Underperform Votes:  658 (Vote Underperform)
Total Votes:  1,112
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 10/22/2019 by MarketBeat.com Staff

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