NYSE:LM

Legg Mason (LM) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$49.99
$50.00
50-Day Range
$49.99
$49.99
52-Week Range
$33.99
$50.70
Volume
4.72 million shs
Average Volume
2.34 million shs
Market Capitalization
$4.45 billion
P/E Ratio
17.79
Dividend Yield
3.20%
Price Target
N/A
LM stock logo

About Legg Mason Stock (NYSE:LM)

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.

LM Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Legg Mason Western Asset Aus B (SSB0122AU.AX)
Legg Mason WA US High Yield LM Acc $ (IE00B23Z9M03.IR)
Australian Unity Office Fund Registered Shs
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Mason Mount News
Dr. Lydia R. Legg
Legg Mason Stock To Go Ex-dividend Tomorrow (LM)
Jeff Mason
Dr. Joseph N. Legg
Legg Mason, Inc.
See More Headlines
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Company Calendar

Last Earnings
7/27/2020
Today
4/23/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment Advice
Sub-Industry
Asset Management & Custody Banks
CUSIP
52490110
Fax
N/A
Employees
3,059
Year Founded
N/A

Profitability

Net Income
$251.37 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$2.92 billion
Cash Flow
$4.63 per share
Book Value
$43.40 per share

Miscellaneous

Free Float
N/A
Market Cap
$4.45 billion
Optionable
Optionable
Beta
0.73
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Key Executives

  • Mr. Joseph A. Sullivan (Age 61)
    Chairman, Pres & CEO
  • Mr. Peter Hamilton Nachtwey (Age 63)
    CFO & Sr. EVP
  • Mr. Thomas Clifton Merchant (Age 51)
    Gen. Counsel, Exec. VP & Corp. Sec.
  • Mr. Terence Johnson (Age 46)
    Head of Global Distribution & Exec. VP
  • Mr. Thomas Karl Hoops (Age 54)
    Head of Bus. Devel.

LM Stock Analysis - Frequently Asked Questions

How were Legg Mason's earnings last quarter?

Legg Mason, Inc. (NYSE:LM) posted its quarterly earnings results on Monday, July, 27th. The asset manager reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.07. The asset manager earned $666.20 million during the quarter, compared to analysts' expectations of $678.92 million. Legg Mason had a net margin of 8.86% and a trailing twelve-month return on equity of 8.87%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share.

Is Legg Mason a good dividend stock?

Legg Mason (NYSE:LM) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.20%. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LM will have a dividend payout ratio of 44.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LM.

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), AT&T (T), Altria Group (MO), Bank of America (BAC), Cisco Systems (CSCO) and Gilead Sciences (GILD).

This page (NYSE:LM) was last updated on 4/23/2024 by MarketBeat.com Staff

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