Legg Mason Inc (NYSE:LM) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Tuesday, December 24th will be given a dividend of 0.40 per share by the asset manager on Monday, January 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.09%.
Shares of NYSE LM traded up $0.83 during mid-day trading on Tuesday, reaching $39.16. 714,950 shares of the company’s stock were exchanged, compared to its average volume of 860,423. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.41 and a current ratio of 2.01. Legg Mason has a 52-week low of $23.25 and a 52-week high of $40.27. The company’s 50-day moving average is $36.87 and its 200-day moving average is $36.68.
Legg Mason (NYSE:LM) last released its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $743.30 million during the quarter, compared to analysts’ expectations of $720.83 million. Legg Mason had a positive return on equity of 7.70% and a negative net margin of 1.93%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. As a group, equities analysts predict that Legg Mason will post 3.61 earnings per share for the current fiscal year.
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.
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