Media coverage about Legg Mason (NYSE:LM) has trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Legg Mason earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.2605227721381 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
- ESG And Bonds: It’s A Match (finance.yahoo.com)
- Steven Romick Exits Legg Mason, Trims Qualcomm, American Express Positions (finance.yahoo.com)
- Legg Mason Inc (LM) Expected to Post Q3 2018 Earnings of $0.83 Per Share (americanbankingnews.com)
- Legg Mason (LM) Records Outflow in December Yet AUM Rises (finance.yahoo.com)
- Legg Mason Target of Unusually Large Options Trading (LM) (americanbankingnews.com)
Several equities research analysts recently commented on LM shares. Zacks Investment Research upgraded shares of Legg Mason from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, November 8th. Deutsche Bank started coverage on shares of Legg Mason in a research report on Tuesday, October 17th. They issued a “buy” rating and a $44.00 price objective on the stock. Royal Bank of Canada set a $47.00 price objective on shares of Legg Mason and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of Legg Mason in a research report on Friday, September 29th. Finally, Credit Suisse Group lowered shares of Legg Mason from an “outperform” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.90.
Legg Mason (NYSE:LM) last released its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. Legg Mason had a net margin of 8.46% and a return on equity of 7.16%. The business had revenue of $768.30 million for the quarter, compared to analyst estimates of $739.47 million. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. analysts anticipate that Legg Mason will post 2.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Wednesday, December 20th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.53%. The ex-dividend date was Tuesday, December 19th. Legg Mason’s payout ratio is 43.75%.
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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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