Legg Mason (LM) Raises Quarterly Dividend 10% to $0.22; 2.6% Yield
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Go back to Legg Mason (LM) Raises Quarterly Dividend 10% to $0.22; 2.6% Yield
May 2, 2016 9:28 AM EDT
Piper Jaffray analyst, Jason Weyeneth, believes Legg Mason (NYSE: LM) 4Q16 results were below expectations and investors may need to be patient but the valuation is too attractive to ignore. No change to Overweight rating or $51 PT based on 12.5x our rolling 4 quarters cash operating earnings 1-year out ($4.28), plus net cash & investments per share (-$2.63) including the NPV of tax... More
April 29, 2016 7:04 AM EDT
Legg Mason (NYSE: LM) reported Q4 EPS of ($0.43), $0.04 better than the analyst estimate of ($0.47). Revenue for the quarter came in at $619.5 million versus the consensus estimate of $631.88 million.
Assets Under Management of $670 Billion
For earnings history and earnings-related data on Legg Mason (LM) click here.
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