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Legg Mason, Inc. (LM)

Jul 31, 2020 - LM was delisted after being acquired by BEN
Stock Price: $49.99 USD 0.00 (0.00%)
Updated Jul 31, 2020 4:00 PM EDT

Stock Price Chart

Key Info

Market Cap 4.45B
Revenue (ttm) 2.88B
Net Income (ttm) 255.44M
Shares Out 88.95M
EPS (ttm) 2.81
PE Ratio 17.79
Forward PE 15.53
Dividend $1.60
Dividend Yield 3.20%

Stock Quote

Trading Day Jul 31, 2020
Last Price $49.99
Previous Close $49.99
Change ($) 0.00
Change (%) 0.00%
Day's Open -
Day's Range 49.99 - 50.00
Day's Volume 0
52-Week Range 33.99 - 50.70

More Stats

Market Cap 4.45B
Enterprise Value 5.62B
Earnings Date (est) n/a
Ex-Dividend Date Jun 15, 2020
Shares Outstanding 88.95M
Float 87.42M
EPS (basic) 2.83
EPS (diluted) 2.81
FCF / Share 5.74
Dividend $1.60
Dividend Yield 3.20%
Earnings Yield 5.62%
FCF Yield 11.48%
Payout Ratio 56.50%
Shares Short 13.62M
Short Ratio 8.67
Short % of Float 15.58%
Beta 0.76
PE Ratio 17.79
Forward PE 15.53
P/FCF Ratio 8.71
PS Ratio 1.54
PB Ratio 1.17
Revenue 2.88B
Operating Income 489.18M
Net Income 255.44M
Free Cash Flow 510.46M
Net Cash -1.17B
Net Cash / Share -13.15
Gross Margin 39.25%
Operating Margin 16.97%
Profit Margin 8.90%
FCF Margin 17.71%
ROA 4.67%
ROE 6.83%
ROIC 13.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (9)

Buy 0
Overweight 0
Hold 9
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$50.00*
(0.02% upside)
Low
50.0
Current: $49.99
High
50.0
Target: 50.00
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,9222,9033,1402,8872,6612,8192,7422,6132,6632,784
Revenue Growth0.65%-7.55%8.78%8.5%-5.61%2.82%4.94%-1.88%-4.37%-
Gross Profit2,9222,9033,1402,8872,6612,8192,7422,6132,6632,784
Operating Income50410429338317.46498627-434339387
Net Income251-28.51285227-25.03237285-353221254
Shares Outstanding86.8985.5484.5497.45108113119129140152
Earnings Per Share2.79-0.383.012.18-0.252.042.33-2.651.541.63
EPS Growth--38.07%---12.45%---5.52%-
Dividend Per Share1.601.361.120.881.000.640.520.440.320.20
Dividend Growth17.65%21.43%27.27%-12%56.25%23.08%18.18%37.5%60%-
Operating Cash Flow561561489535454568437303497412
Capital Expenditures-29.61-51.34-37.35-39.98-40.33-45.77-40.45-38.35-31.82-32.90
Free Cash Flow531510452495414522397265465379
Cash & Equivalents1,5041,4531,3091,2241,9131,2071,4461,3841,8541,906
Total Debt2,3292,2222,3472,2221,7811,0491,1281,3631,6591,730
Net Cash / Debt-826-768-1,038-99813215831821.15196175
Assets8,0067,7948,1538,2907,5207,0657,1117,2708,5568,708
Liabilities3,4703,4123,5683,6013,1092,5342,3412,4302,8542,901
Book Value3,7933,6603,8243,9834,2144,4854,7254,8185,6775,770
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Legg Mason, Inc.
Country United States
Employees 3,059
CEO Joseph Andrew Sullivan

Stock Information

Ticker Symbol LM
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Asset Management
Unique Identifier NYSE: LM

Description

Legg Mason 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.