Positive Media Coverage Somewhat Unlikely to Affect Legg Mason (LM) Stock Price

Media coverage about Legg Mason (NYSE:LM) has trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Legg Mason earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 47.6310876616748 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern’s scoring:

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LM opened at $39.52 on Monday. Legg Mason has a twelve month low of $35.86 and a twelve month high of $47.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market cap of $3,341.02, a P/E ratio of 11.90, a PEG ratio of 0.62 and a beta of 2.05.

Legg Mason (NYSE:LM) last posted its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.18. Legg Mason had a net margin of 11.43% and a return on equity of 8.21%. The business had revenue of $793.10 million during the quarter, compared to analysts’ expectations of $777.11 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. Legg Mason’s revenue was up 10.9% compared to the same quarter last year. analysts anticipate that Legg Mason will post 3.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.12 annualized dividend and a yield of 2.83%. Legg Mason’s dividend payout ratio is 33.73%.

A number of brokerages have recently issued reports on LM. Zacks Investment Research raised shares of Legg Mason from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, April 3rd. Deutsche Bank boosted their target price on shares of Legg Mason from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. Citigroup reissued a “neutral” rating and issued a $50.00 target price (up previously from $49.00) on shares of Legg Mason in a research report on Thursday, January 25th. Jefferies Group cut shares of Legg Mason from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Bank of America boosted their target price on shares of Legg Mason from $42.00 to $44.00 and gave the company an “underperform” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.00.

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Legg Mason Company Profile

Legg Mason, Inc 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.

Insider Buying and Selling by Quarter for Legg Mason (NYSE:LM)

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