Legg Mason (NYSE:LM) had its price objective raised by Keefe, Bruyette & Woods from $40.00 to $42.00 in a research report released on Monday morning, Stock Ratings Network reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.
Shares of Legg Mason (NYSE:LM) opened at 38.99 on Monday. Legg Mason has a 52 week low of $23.88 and a 52 week high of $37.04. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $32.57. The company’s market cap is $4.884 billion.
Legg Mason (NYSE:LM) last announced its earnings results on Friday, October 25th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.09. The company had revenue of $669.90 million for the quarter, compared to the consensus estimate of $659.38 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Legg Mason will post $2.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 6th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, December 9th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of Legg Mason from $23.00 to $24.00 in a research note to investors on Wednesday, October 9th. They now have a negative rating on the stock. Separately, analysts at ISI Group initiated coverage on shares of Legg Mason in a research note to investors on Tuesday, October 8th. They set a neutral rating on the stock. Finally, analysts at BMO Capital Markets reiterated a sell rating on shares of Legg Mason in a research note to investors on Thursday, October 3rd. They now have a $35.00 price target on the stock. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $34.13.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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