Media coverage about Legg Mason (NYSE:LM) has been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Legg Mason earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 47.3987031312354 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- 4 Reasons to Include Legg Mason (LM) in Your Portfolio Now (finance.yahoo.com)
- Legg Mason's (LM) AUM Down in February, Net Inflows Recorded (finance.yahoo.com)
- BRIEF-Legg Mason Reports Assets Under Management And Flows For Feb 2018 (reuters.com)
- Why Did Franklin’s Shares Rise on Decline in February AUM? (zacks.com)
- Legg Mason Reports Assets Under Management and Flows for February 2018 (finance.yahoo.com)
Several equities analysts have commented on LM shares. Royal Bank of Canada set a $49.00 target price on shares of Legg Mason and gave the company a “buy” rating in a report on Friday, December 15th. Zacks Investment Research raised shares of Legg Mason from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a report on Tuesday, December 26th. Morgan Stanley raised their target price on shares of Legg Mason from $40.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, January 30th. Citigroup reissued a “hold” rating and issued a $42.00 target price on shares of Legg Mason in a report on Tuesday, December 26th. Finally, Credit Suisse Group lowered shares of Legg Mason from an “outperform” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Legg Mason has a consensus rating of “Hold” and an average target price of $47.10.
Legg Mason (NYSE:LM) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.18. The company had revenue of $793.10 million for the quarter, compared to analyst estimates of $777.11 million. Legg Mason had a net margin of 11.43% and a return on equity of 8.21%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. research analysts anticipate that Legg Mason will post 3.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, March 14th. Legg Mason’s dividend payout ratio (DPR) is presently 90.32%.
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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