News articles about Legg Mason (NYSE:LM) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press 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 one, with scores closest to one being the most favorable. Legg Mason earned a news impact score of 0.22 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 46.6893580723044 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s rankings:
A number of equities analysts have weighed in on LM shares. Credit Suisse Group lifted their price target on shares of Legg Mason from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Legg Mason from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, November 8th. Deutsche Bank started coverage on shares of Legg Mason in a report on Tuesday, October 17th. They issued a “buy” rating and a $44.00 price target on the stock. Morgan Stanley lowered shares of Legg Mason from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $36.00 in a report on Thursday, October 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $41.00 price target (down previously from $43.00) on shares of Legg Mason in a 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 given a buy rating to the company’s stock. Legg Mason currently has a consensus rating of “Hold” and an average target price of $43.10.
Shares of Legg Mason (NYSE:LM) traded up $0.43 during mid-day trading on Thursday, hitting $40.25. 539,618 shares of the stock were exchanged, compared to its average volume of 1,075,728. Legg Mason has a fifty-two week low of $29.71 and a fifty-two week high of $42.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 2.51. The stock has a market cap of $3,701.40, a P/E ratio of 14.03, a PEG ratio of 0.94 and a beta of 2.27.
Legg Mason (NYSE:LM) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.79 EPS for the quarter, beating the Zacks’ 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 business had revenue of $768.30 million for the quarter, compared to the consensus estimate of $739.47 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. equities analysts forecast that Legg Mason will post 2.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Wednesday, December 20th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, December 19th. Legg Mason’s dividend payout ratio is presently 43.75%.
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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.
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