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Last $53.77 USD
Change Today -0.02 / -0.04%
Volume 528.0K
LM On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

legg mason inc (LM) Snapshot

Open
$53.67
Previous Close
$53.79
Day High
$54.03
Day Low
$53.38
52 Week High
02/18/15 - $59.19
52 Week Low
08/6/14 - $45.68
Market Cap
6.0B
Average Volume 10 Days
788.5K
EPS TTM
$2.94
Shares Outstanding
110.9M
EX-Date
06/12/15
P/E TM
18.3x
Dividend
$0.80
Dividend Yield
1.19%
Current Stock Chart for LEGG MASON INC (LM)

legg mason inc (LM) Related Businessweek News

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legg mason inc (LM) Details

Legg Mason, Inc. is a publicly owned asset management holding company. The firm provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned subsidiaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.

legg mason inc (LM) Top Compensated Officers

Chairman of the Board of Directors, Chief Exe...
Total Annual Compensation: $4.1M
Chief Financial Officer and Member of Executi...
Total Annual Compensation: $1.8M
Head of Global Distribution and Executive Vic...
Total Annual Compensation: $2.4M
Executive Vice President, Head of Business De...
Total Annual Compensation: $1.1M
Head of M&A and Business Development
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

legg mason inc (LM) Key Developments

Legg Mason Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2015; Provides Tax Rate Guidance for the First Quarter and Full Year of Fiscal 2015

Legg Mason Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported net income attributable to the company of $83.0 million, or $0.73 per diluted share, as compared to $77.0 million, or $0.67 per diluted share, in the previous quarter, and $68.9 million, or $0.58 per diluted share, in the fourth quarter of fiscal 2014. Adjusted income was $117.9 million, or $1.03 per diluted share, as compared to $113.1 million, or $0.98 per diluted share, in the previous quarter and $103.5 million, or $0.86 per diluted share, in the fourth quarter of fiscal 2014. For the current quarter, operating revenues were $702.3 million, down 2% from $719.0 million in the prior quarter, and up 3% compared to $681.4 million in the fourth quarter of fiscal 2014. The company reported operating income of $129.0 million compared to $119.3 million and income before income tax provision of $126.8 million compared to $111.9 million for the last year. For the year, the company reported net income attributable to the company of $237.1 million, or $2.04 per diluted share, as compared to $284.8 million, or $2.33 per diluted share, for fiscal year 2014. Adjusted was $378.8 million, or $3.26 per diluted share, as compared to $417.8 million, or $3.41 per diluted share for fiscal year 2014. Operating revenues for fiscal year 2015 were $2.8 billion, up 3% from $2.7 billion for fiscal year 2014. The company reported operating income of $498.2 million compared to $430.9 million and income before income tax provision of $368.0 million compared to $419.6 million for the last year. Next quarter, the company is anticipating that its tax rate will be favorably impacted by a recently legislated change in the New York City apportionment rules that will reduce its fiscal first quarter taxes by approximately $10 million to $20 million. Excluding this item, the company expects its GAAP tax rate for the full fiscal year to be between 35% and 37%. And for next fiscal year, the company expects a cash tax rate of 4% to 5%.

Legg Mason Inc. Declares Quarterly Cash Dividend, Payable on July 13, 2015

The Board of Directors of Legg Mason Inc. has declared a quarterly cash dividend on the company's common stock in the amount of $0.20 per share. This represents an increase of 25% on the dividend rate paid on shares of the company's common stock during the prior fiscal quarter. The dividend is payable July 13, 2015 to shareholders of record at the close of business on June 16, 2015.

Legg Mason Inc. to Report Q4, 2015 Results on May 01, 2015

Legg Mason Inc. announced that they will report Q4, 2015 results at 8:00 AM, US Eastern Standard Time on May 01, 2015

 

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Industry Analysis

LM

Industry Average

Valuation LM Industry Range
Price/Earnings 26.4x
Price/Sales 2.2x
Price/Book 1.3x
Price/Cash Flow 25.3x
TEV/Sales 1.3x
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