Legg Mason (LM) Receiving Somewhat Positive Press Coverage, Study Finds
Headlines about Legg Mason (NYSE:LM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.5777963104989 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Legg Mason (LM) & Noah Holdings (NOAH) Critical Analysis (americanbankingnews.com)
- Legg Mason, Inc. (LM) Expected to Post Quarterly Sales of $761.33 Million (americanbankingnews.com)
- Legg Mason’s (LM) AUM Up in October, Net Inflows Recorded (finance.yahoo.com)
- Legg Mason's (LM) AUM Up in October, Net Inflows Recorded (finance.yahoo.com)
- Legg Mason, Inc. (LM) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 price objective on shares of Legg Mason in a research report on Friday, September 29th. Barclays PLC assumed coverage on shares of Legg Mason in a research report on Friday, September 8th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price objective on shares of Legg Mason in a research report on Sunday, August 20th. Royal Bank Of Canada set a $47.00 price objective on shares of Legg Mason and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $41.00 price objective (down previously from $43.00) on shares of Legg Mason in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.10.
Legg Mason (NYSE:LM) opened at $37.96 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. Legg Mason has a twelve month low of $29.71 and a twelve month high of $42.08. The firm has a market cap of $3,478.00, a P/E ratio of 13.18, a PEG ratio of 0.89 and a beta of 2.27.
Legg Mason (NYSE:LM) last released its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. Legg Mason had a net margin of 8.46% and a return on equity of 7.16%. The firm had revenue of $768.30 million during the quarter, compared to analysts’ expectations of $739.47 million. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. analysts anticipate that Legg Mason will post 2.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.12 dividend on an annualized basis and a yield of 2.95%. Legg Mason’s dividend payout ratio is currently 43.75%.
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About Legg Mason
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.
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