Positive Media Coverage Somewhat Unlikely to Affect Legg Mason (LM) Stock Price
News coverage about Legg Mason (NYSE:LM) has trended positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.40 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 47.1959828208527 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Ex-Dividend Reminder: Legg Mason, Hannon Armstrong Sustainable Infrastructure Capital and Cisco Systems (nasdaq.com)
- Legg Mason, Inc. :LM-US: Earnings Analysis: Q1, 2018 By the Numbers : September 28, 2017 (finance.yahoo.com)
- Stocks With Rising Relative Strength: Legg Mason (finance.yahoo.com)
- ETFs with exposure to Legg Mason, Inc. : September 29, 2017 (finance.yahoo.com)
- Comparing Waddell & Reed Financial (WDR) & Legg Mason (LM) (americanbankingnews.com)
Shares of Legg Mason (NYSE LM) opened at 39.10 on Wednesday. Legg Mason has a 1-year low of $28.10 and a 1-year high of $42.08. The firm’s 50-day moving average is $37.79 and its 200-day moving average is $37.95. The company has a market cap of $3.66 billion, a PE ratio of 16.25 and a beta of 2.22.
Legg Mason (NYSE:LM) last posted its earnings results on Wednesday, July 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $793.80 million during the quarter, compared to the consensus estimate of $766.60 million. Legg Mason had a net margin of 8.21% and a return on equity of 6.84%. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Legg Mason will post $2.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Shareholders of record on Thursday, October 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, October 4th. Legg Mason’s dividend payout ratio is currently 46.47%.
A number of research firms have issued reports on LM. Credit Suisse Group restated a “buy” rating and set a $47.00 price target on shares of Legg Mason in a research note on Sunday, July 9th. Royal Bank Of Canada initiated coverage on shares of Legg Mason in a research report on Thursday, June 29th. They set an “outperform” rating and a $45.00 price target for the company. BidaskClub upgraded shares of Legg Mason from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Legg Mason from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $49.00 price objective on shares of Legg Mason in a report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.44.
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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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