- LM reported Q3 earnings of $81.7 million, or 67 cents per share, compared to a loss of $453.9 million, or $3.45 per share, a year ago.
- Excluding special items, earnings were $124.6 million, or $1.03 per share, coming in well above analyst estimates of 66 cents per share.
- Revenue increased 7% to $720.1 million from $673.9 million last year. Analysts expected to see revenue of $725.85 million.
- Assets under management rose 5% from last year, totaling $679.5 billion.
LM - Upcoming Dividend Payouts
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LM - Dividend Yield & Stock Price History
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LM - Dividend Payout History
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Dividend.com DARS Rating™ Breakdown for LM
LM - Dividend Growth History
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|Reveal Dividend Growth History for LM.||43.3%||22.0%||4 years|
LM - Historical Annual Dividend Data & Growth
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LM - Historical Dividend Data
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Legg Mason (LM) - News
Today's Pre-Market Earnings: Automatic Data Processing, Marathon Petroleum Corp, McKesson Corporation, More (ADP, MPC, MCK, More)Jul 31, 2014Before the opening bell on Thursday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
Wednesday's Analyst Moves: Wal-Mart Stores, Inc., Western Digital Corp, The Home Depot, Inc., More (WMT, WDC, HD, More)May 14, 2014Before Wednesday's opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst...
U.S. equities advanced on Tuesday, pushing the Dow Jones Industrial Average within striking distance of a record high. Also during today's session,...
Tuesday's Analyst Moves: The Coca-Cola Company, Abercrombie & Fitch Co., The Procter & Gamble Company, More (KO, ANF, PG, More)Mar 4, 2014Before Tuesday's opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst...
These were some of the biggest dividend stock performers on the upside and the downside in today's market action. Highlights Legg Mason (LM) ...
Legg Mason Inc Swings to Profit; Beats EPS Estimates (LM)Jan 31, 2014Asset management company Legg Mason Inc (LM) reported net income for its most recent third quarter after taking a loss in the third quarter of 2012. LM's Earnings in Brief
Susquehanna Maintains "Negative" Rating on Legg Mason (LM)Oct 9, 2013Susquehanna International reported on Wednesday that it has maintained a "Negative" rating on Legg Mason Inc (LM) . The firm has reiterated a "Negative" rating on LM, but has increased the company's price target from $23 to $24. This new price target suggests an 18% decline from the stock's current price of $32.74. An analyst from the firm noted: “We are raising our f2Q14 estimate to $0.6 Negative. 0 from $0.48 reflective of a lower tax rate and some revenue benefits from the market lift in September. We are modeling a 15% GAAP tax rate in f2Q as a result of new U.K. corporate tax reductions that were put into place. Our calendar 2013 and 2014 estimates are now $1.70 and $2.00 compared to $1.61 and $1.90, previously. The calendar 2014 revision is reflective of higher buybacks and some flow-through with higher equity asset levels to end the current quarter. Our target is now $24 or 12x our new calendar 2014 estimate. We expect net long-term outflows of $5 billion-$6 billion this quarter or a 4% organic decay rate, the worst since December 2012. Frankly, we do not think estimates or flow matter all that much to shares. The ability to repurchase stock remains the most important driver of the equity.” Legg Mason shares were up 14 cents, or 0.43%, during Wednesday morning trading. The stock is up 27% YTD.
The Bottom LineShares of Legg Mason Inc (LM) have a 1.60% yield based on Wednesday morning's price of $32.60. Legg Mason Inc (LM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
Legg Mason Assets Under Management Decline in August (LM)Sep 11, 2013On Wednesday, asset management firm Legg Mason Inc (LM) reported that its assets under management declined 1.8% in August due to unfavorable markets and outflows. Total preliminary assets under management fell to $645 billion in August, down from July due to unfavorable markets and outlooks in both equity and fixed income. August equity assets under management reflect a $1.3 billion disposition of a non-core affiliate. Legg Mason shares were mostly flat during pre-market trading Wednesday. The stock is up 36% YTD. The Bottom Line Shares of Legg Mason Inc (LM) have a 1.49% yield based on Tuesday's closing price of $34.86. Legg Mason Inc (LM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
Legg Mason Shares Rise on Q1 Results (LM)Jul 25, 2013On Thursday, shares of financial services company Legg Mason Inc (LM) rose following the release of the company's first quarter results, which came in above analysts' estimates. The Baltimore, MD-based company reported first quarter net income of $47.8 million, or 38 cents per share, compared to a loss of $9.5 million, or 7 cents per share a year ago. Analysts expected the company to report earnings of 36 cents per share. Total revenue for the quarter was $670.4 million, up 6% from $630.7 million last year. Analysts expected to see revenue of $655.62 million. Additionally, the company's board has declared its next 13 cent quarterly dividend. The dividend will be payable on October 21 to shareholders of record on October 3. Legg Mason shares were up $1.80, or 5.29%, during Thursday morning trading. The stock is up 29% YTD. The Bottom Line Shares of Legg Mason Inc (LM) have a 1.46% yield based on Thursday morning's price of $35.62. Legg Mason Inc (LM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.