Legg Mason (LM) Receives News Impact Rating of 0.17

News headlines about Legg Mason (NYSE:LM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Legg Mason earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.6789697659479 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their target price on Legg Mason to $57.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Bank of America upped their target price on Legg Mason from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. Citigroup reissued a “neutral” rating and issued a $50.00 price objective (up from $49.00) on shares of Legg Mason in a research note on Thursday, January 25th. Morgan Stanley increased their price objective on Legg Mason from $40.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, January 30th. Finally, Jefferies Group downgraded Legg Mason from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Legg Mason presently has a consensus rating of “Hold” and an average target price of $45.91.

Shares of Legg Mason (LM) opened at $39.95 on Thursday. The stock has a market capitalization of $3,428.11, a PE ratio of 10.98, a P/E/G ratio of 0.65 and a beta of 2.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.98 and a quick ratio of 1.79. Legg Mason has a one year low of $34.04 and a one year high of $47.13.

Legg Mason (NYSE:LM) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.18. The firm had revenue of $793.10 million during the quarter, compared to the consensus estimate of $777.11 million. Legg Mason had a return on equity of 8.21% and a net margin of 11.43%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. analysts predict that Legg Mason will post 3.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, March 14th. Legg Mason’s dividend payout ratio is currently 30.77%.

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Legg Mason Company Profile

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.

Insider Buying and Selling by Quarter for Legg Mason (NYSE:LM)

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