Home Sectors Financial Services Recent Change: Legg Mason (NYSE: LM)

Recent Change: Legg Mason (NYSE: LM)

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Legg Mason is in the asset management industry and financial services sector. The company CEO is Joseph A. Sullivan. Legg Mason Inc is an asset management company. It provides related financial services to individuals, institutions, corporations and municipalities through its subsidiaries.

Previous Intraday Trading Performance:

The LM stock showed a previous change of 1.51% with an open at 37.25 and a close of 37.55. It reached an intraday high of 37.61 and a low of 37.18.

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Liquidity:

The stock has a market cap of $3.3b with 86.6m shares outstanding, of which the float is 79.3m shares. Trading volume reached 798,833 shares compared to its average volume of 1,234,727 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Legg Mason shares returned 1.98% and in the past 30 trading days it returned 12.26%. Over three months, it changed 34.97%. In one year it has changed 5.74% and within that year its 52-week high was 37.61 and its 52-week low was 23.25. LM stock is 61.51% above its 52 Week Low.

Our calculations show a 200 day moving average of 29.59 and a 50 day moving average of 33.99. Currently LM stock is trading 26.90% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at -0.41 that ended on 31st of March 2019. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.78. The TTM EPS is 3.46, which comes to a TTM PE of 10.85.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/13/2019): 0.56
4thQtr of 2018 (Reported on 02/04/2019): -2.55
3rdQtr of 2018 (Reported on 10/24/2018): 0.82
2ndQtr of 2018 (Reported on 07/25/2018): 0.75
1stQtr of 2018 (Reported on 04/25/2018): 0.86

The dividend per share is currently 1.60, which is a dividend yield of 4.26%. Also, the payout ratio is 46.24%, therefore the dividend is safe according to our calculations. LM stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 23.54, which means it may be overvalued by -59.53%.

Indicators to Watch:

Short-interest was 6,281,059, which was 7.25% of shares outstanding. The short-interest ratio or days-to-cover ratio was 5.24. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.50.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -0.92%, return on assets is -0.43%, profit margin is 0.20%, price-to-sales is 1.11 and price-to-book is 0.88.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 3  :Past Performance Score
 5  :Financial Strength Score
 0  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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