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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.08
LM's Cash to Debt is ranked lower than
57% of the 1088 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. LM: 1.08 )
LM' s 10-Year Cash to Debt Range
Min: 0.4   Max: 10.63
Current: 1.08

0.4
10.63
Equity to Asset 0.68
LM's Equity to Asset is ranked higher than
51% of the 1194 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. LM: 0.68 )
LM' s 10-Year Equity to Asset Range
Min: 0.15   Max: 0.7
Current: 0.68

0.15
0.7
F-Score: 7
Z-Score: 2.47
M-Score: -2.36
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) -16.63
LM's Operating margin (%) is ranked lower than
61% of the 1211 Companies
in the Global Asset Management industry.

( Industry Median: 46.76 vs. LM: -16.63 )
LM' s 10-Year Operating margin (%) Range
Min: -19.93   Max: 31.14
Current: -16.63

-19.93
31.14
Net-margin (%) -13.52
LM's Net-margin (%) is ranked lower than
61% of the 1221 Companies
in the Global Asset Management industry.

( Industry Median: 45.43 vs. LM: -13.52 )
LM' s 10-Year Net-margin (%) Range
Min: -58.61   Max: 43.25
Current: -13.52

-58.61
43.25
ROE (%) -7.33
LM's ROE (%) is ranked lower than
64% of the 1270 Companies
in the Global Asset Management industry.

( Industry Median: 7.95 vs. LM: -7.33 )
LM' s 10-Year ROE (%) Range
Min: -42.79   Max: 19.56
Current: -7.33

-42.79
19.56
ROA (%) -4.86
LM's ROA (%) is ranked lower than
64% of the 1283 Companies
in the Global Asset Management industry.

( Industry Median: 4.32 vs. LM: -4.86 )
LM' s 10-Year ROA (%) Range
Min: -21.32   Max: 12.3
Current: -4.86

-21.32
12.3
ROC (Joel Greenblatt) (%) -215.29
LM's ROC (Joel Greenblatt) (%) is ranked lower than
62% of the 797 Companies
in the Global Asset Management industry.

( Industry Median: 56.19 vs. LM: -215.29 )
LM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -215.29   Max: 634.88
Current: -215.29

-215.29
634.88
Revenue Growth (%) 5.00
LM's Revenue Growth (%) is ranked higher than
70% of the 762 Companies
in the Global Asset Management industry.

( Industry Median: 2.00 vs. LM: 5.00 )
LM' s 10-Year Revenue Growth (%) Range
Min: -19   Max: 43.1
Current: 5

-19
43.1
» LM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

LM Guru Trades in Q2 2013

Paul Tudor Jones 13,200 sh (New)
Richard Pzena 662,510 sh (New)
Pioneer Investments 102,984 sh (New)
Jeff Auxier 19,520 sh (New)
Steven Cohen 12,909 sh (+65.5%)
John Keeley 97,440 sh (+6.56%)
Robert Olstein 344,000 sh (+4.88%)
Mario Gabelli 5,311,152 sh (+3.84%)
Brian Rogers 6,326,200 sh (unchged)
Dodge & Cox 29,700 sh (unchged)
Ray Dalio Sold Out
David Einhorn 2,360,000 sh (-7.05%)
Jeremy Grantham 46,600 sh (-26.15%)
Mason Hawkins 3,703,721 sh (-28.98%)
» More
Q3 2013

LM Guru Trades in Q3 2013

Ken Fisher 60,800 sh (New)
Louis Moore Bacon 125,000 sh (New)
Ray Dalio 19,733 sh (New)
Richard Pzena 1,801,370 sh (+171.9%)
Jeff Auxier 38,520 sh (+97.34%)
Robert Olstein 360,700 sh (+4.85%)
Mario Gabelli 5,321,183 sh (+0.19%)
John Keeley 97,440 sh (unchged)
Mason Hawkins 3,703,721 sh (unchged)
Brian Rogers 6,326,200 sh (unchged)
Pioneer Investments Sold Out
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Jeremy Grantham 42,580 sh (-8.63%)
Dodge & Cox 26,000 sh (-12.46%)
David Einhorn 1,650,000 sh (-30.08%)
» More
Q4 2013

LM Guru Trades in Q4 2013

Third Avenue Management 855,488 sh (New)
Steven Cohen 18,264 sh (New)
Jim Simons 404,100 sh (New)
Ken Fisher 75,900 sh (+24.84%)
Ray Dalio 20,233 sh (+2.53%)
John Keeley 99,340 sh (+1.95%)
Jeff Auxier 38,520 sh (unchged)
Louis Moore Bacon Sold Out
Mario Gabelli 5,262,383 sh (-1.11%)
Brian Rogers 6,226,200 sh (-1.58%)
Richard Pzena 1,692,830 sh (-6.03%)
Jeremy Grantham 39,000 sh (-8.41%)
Robert Olstein 327,400 sh (-9.23%)
Mason Hawkins 3,117,887 sh (-15.82%)
Dodge & Cox 20,000 sh (-23.08%)
David Einhorn 742,269 sh (-55.01%)
» More
Q1 2014

LM Guru Trades in Q1 2014

Brian Rogers 5,726,200 sh (-8.03%)
» More
» Details

Insider Trades

Latest Guru Trades with LM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Dodge & Cox 2013-12-31 Reduce -23.08%$32.6 - $43.89 $ 45.6618%20000
Ray Dalio 2013-09-30 New Buy0.01%$30.63 - $35.04 $ 45.6636%19733
Mason Hawkins 2013-06-30 Reduce -28.98%0.22%$29.76 - $36.13 $ 45.6640%3703721
Ray Dalio 2013-06-30 Sold Out 0.02%$29.76 - $36.13 $ 45.6640%0
Mason Hawkins 2013-03-31 Add 96.34%0.37%$25.72 - $32.15 $ 45.6660%5214821
Mario Gabelli 2013-03-31 Add 41.4%0.32%$25.72 - $32.15 $ 45.6660%5114949
Dodge & Cox 2013-03-31 Reduce -98.46%0.07%$25.72 - $32.15 $ 45.6660%29700
Joel Greenblatt 2013-03-31 Sold Out 0.06%$25.72 - $32.15 $ 45.6660%0
John Keeley 2013-03-31 New Buy0.06%$25.72 - $32.15 $ 45.6660%91440
Ray Dalio 2013-03-31 New Buy0.02%$25.72 - $32.15 $ 45.6660%62833
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

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Top Ranked Articles about Legg Mason, Inc.

Guru Robert Olstein's Top Five Fourth Quarter Stocks
Robert Olstein is the chairman and chief investment officer of the Olstein Financial Fund. Olstein selects stocks by looking behind the numbers. He emphasizes a detailed look behind the numbers of a company's financial statement to assess the company's financial strength and assess potential downside risk. To be considered for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach and be selling at a discount to the private market value. Read more...
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Mason Hawkins Increases Holdings in 5 Stocks
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Ratios

vs
industry
vs
history
P/E(ttm) 23.10
LM's P/E(ttm) is ranked lower than
55% of the 969 Companies
in the Global Asset Management industry.

( Industry Median: 12.20 vs. LM: 23.10 )
LM' s 10-Year P/E(ttm) Range
Min: 9.35   Max: 230.65
Current: 23.1

9.35
230.65
P/B 1.16
LM's P/B is ranked lower than
51% of the 1193 Companies
in the Global Asset Management industry.

( Industry Median: 0.98 vs. LM: 1.16 )
LM' s 10-Year P/B Range
Min: 0.31   Max: 5.1
Current: 1.16

0.31
5.1
P/S 2.08
LM's P/S is ranked higher than
82% of the 1233 Companies
in the Global Asset Management industry.

( Industry Median: 5.21 vs. LM: 2.08 )
LM' s 10-Year P/S Range
Min: 0.47   Max: 10.57
Current: 2.08

0.47
10.57
PFCF 11.59
LM's PFCF is ranked higher than
74% of the 719 Companies
in the Global Asset Management industry.

( Industry Median: 18.59 vs. LM: 11.59 )
LM' s 10-Year PFCF Range
Min: 2.98   Max: 45.74
Current: 11.59

2.98
45.74
EV-to-EBIT 15.07
LM's EV-to-EBIT is ranked higher than
56% of the 993 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. LM: 15.07 )
LM' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 56.1
Current: 15.07

2.7
56.1

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.10
LM's Dividend Yield is ranked lower than
86% of the 959 Companies
in the Global Asset Management industry.

( Industry Median: 3.28 vs. LM: 1.10 )
LM' s 10-Year Dividend Yield Range
Min: 0.36   Max: 8.62
Current: 1.1

0.36
8.62
Dividend Payout 0.20
LM's Dividend Payout is ranked higher than
68% of the 743 Companies
in the Global Asset Management industry.

( Industry Median: 0.37 vs. LM: 0.20 )
LM' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.49
Current: 0.2

0.03
0.49
Dividend growth (3y) 54.20
LM's Dividend growth (3y) is ranked higher than
95% of the 390 Companies
in the Global Asset Management industry.

( Industry Median: 5.00 vs. LM: 54.20 )
LM' s 10-Year Dividend growth (3y) Range
Min: -47.1   Max: 54.2
Current: 54.2

-47.1
54.2
Yield on cost (5-Year) 0.82
LM's Yield on cost (5-Year) is ranked lower than
90% of the 983 Companies
in the Global Asset Management industry.

( Industry Median: 3.61 vs. LM: 0.82 )
LM' s 10-Year Yield on cost (5-Year) Range
Min: 0.27   Max: 6.46
Current: 0.82

0.27
6.46
Share Buyback Rate 5.00
LM's Share Buyback Rate is ranked higher than
91% of the 843 Companies
in the Global Asset Management industry.

( Industry Median: -0.70 vs. LM: 5.00 )
LM' s 10-Year Share Buyback Rate Range
Min: 5   Max: -14.8
Current: 5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 16.25
LM's Price/Tangible Book is ranked lower than
87% of the 1113 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. LM: 16.25 )
LM' s 10-Year Price/Tangible Book Range
Min: 1.34   Max: 192.5
Current: 16.25

1.34
192.5
Price/DCF (Projected) 0.61
LM's Price/DCF (Projected) is ranked higher than
84% of the 684 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. LM: 0.61 )
LM' s 10-Year Price/DCF (Projected) Range
Min: 0.26   Max: 3.1
Current: 0.61

0.26
3.1
Price/Median PS Value 1.06
LM's Price/Median PS Value is ranked higher than
62% of the 1017 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. LM: 1.06 )
LM' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 4.82
Current: 1.06

0.32
4.82
Price/Graham Number 4.01
LM's Price/Graham Number is ranked lower than
81% of the 903 Companies
in the Global Asset Management industry.

( Industry Median: 0.70 vs. LM: 4.01 )
LM' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 10.93
Current: 4.01

0.83
10.93
Earnings Yield (Greenblatt) 6.60
LM's Earnings Yield (Greenblatt) is ranked higher than
57% of the 1024 Companies
in the Global Asset Management industry.

( Industry Median: 7.60 vs. LM: 6.60 )
LM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 36.4
Current: 6.6

1.8
36.4
Forward Rate of Return (Yacktman) 6.75
LM's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 916 Companies
in the Global Asset Management industry.

( Industry Median: 1.11 vs. LM: 6.75 )
LM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.7   Max: 37.8
Current: 6.75

-2.7
37.8

Business Description

Industry: Asset Management » Asset Management
Compare:AMP, AMG, BEN, BLK, BK » details
Traded in other countries:LGG.Germany
Legg Mason, Inc. was incorporated in Maryland in 1981 to serve as a holding company for its various subsidiaries. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. It offers these products and services directly and through various financial intermediaries. The Company has operations in the United States of America and the United Kingdom and also have offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan. It offers investment advisory services, including the discretionary and non-discretionary management of separate investment accounts in various investment styles for institutional and individual investors. It also offers investment products, such as mutual funds comprising fixed income, equity funds, money market, and other liquidity products, as well as funds-of-hedge funds, and other domestic and offshore funds for retail and institutional investors. It serves various customers directly, as well as through various financial intermediaries. Its clientele encompass institutional clients, including pension and other retirement plans, corporations, insurance companies, endowments and foundations and governments, and to high net worth individuals and families. The subsidiary asset managers earn revenues by charging fees for managing the investment assets of clients. Geographically, its operations are segmented into the United States, United Kingdon, and Other Internationals. The asset management industry in the United States is subject to extensive regulation under both federal and state securities and other laws.

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