September 3, 2017 – By Adrian Mccoy
Investors sentiment increased to 1.01 in Q4 2016. Its up 0.26, from 0.75 in 2016Q3. It improved, as 59 investors sold Legg Mason Inc shares while 85 reduced holdings. 56 funds opened positions while 89 raised stakes. 79.61 million shares or 2.04% more from 78.02 million shares in 2016Q3 were reported.
Westpac has invested 0% in Legg Mason Inc (NYSE:LM). New York State Teachers Retirement Sys invested in 176,775 shares or 0.01% of the stock. New York-based Gotham Asset Mgmt Limited Liability has invested 0% in Legg Mason Inc (NYSE:LM). South Dakota Inv Council reported 132,200 shares. Lord Abbett And Llc stated it has 0.03% in Legg Mason Inc (NYSE:LM). Deutsche Retail Bank Ag stated it has 0% in Legg Mason Inc (NYSE:LM). Comerica Bank reported 0.04% in Legg Mason Inc (NYSE:LM). Farmers & Merchants Investments has invested 0% in Legg Mason Inc (NYSE:LM). Mu Invs Limited has 1,970 shares for 0.04% of their portfolio. Crestpoint Cap Mgmt Ltd Liability Corp holds 15,200 shares or 0.23% of its portfolio. Wedge Capital Mgmt L Ltd Partnership Nc accumulated 1.03 million shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management reported 35,875 shares or 0.01% of all its holdings. Pzena Inv Mgmt Limited Liability stated it has 0.11% of its portfolio in Legg Mason Inc (NYSE:LM). Goldman Sachs Gru Inc has invested 0.01% in Legg Mason Inc (NYSE:LM). Tower Capital Lc (Trc) accumulated 3,878 shares.
Since March 24, 2017, it had 0 insider buys, and 3 selling transactions for $856,877 activity. The insider Schliessler Ursula sold $65,246. Johnson Terence had sold 8,777 shares worth $326,855.
Legg Mason Inc (NYSE:LM) Ratings Coverage
Among 11 analysts covering Legg Mason Inc. (NYSE:LM), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Legg Mason Inc. had 43 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, November 3 the stock rating was upgraded by Susquehanna to “Neutral”. The stock of Legg Mason Inc (NYSE:LM) earned “Buy” rating by Keefe Bruyette & Woods on Friday, June 30. Wood maintained the stock with “Outperform” rating in Friday, October 14 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. RBC Capital Markets maintained Legg Mason Inc (NYSE:LM) rating on Thursday, July 27. RBC Capital Markets has “Buy” rating and $4700 target. The rating was maintained by Citigroup on Thursday, September 10 with “Buy”. Keefe Bruyette & Woods maintained the shares of LM in report on Monday, May 29 with “Buy” rating. As per Friday, June 30, the company rating was initiated by RBC Capital Markets. Citigroup downgraded the shares of LM in report on Thursday, July 13 to “Neutral” rating. The firm has “Outperform” rating given on Wednesday, March 16 by Credit Suisse. Below is a list of Legg Mason Inc (NYSE:LM) latest ratings and price target changes.
27/08/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $47.0 Maintain
11/08/2017 Broker: Citigroup Rating: Neutral Old Target: $43 New Target: $41 Maintain
27/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $47.0000 Maintain
13/07/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
30/06/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $43.0000 Maintain
16/06/2017 Broker: Credit Suisse Rating: Buy New Target: $41.0000
08/06/2017 Broker: Jefferies Rating: Buy New Target: $43.0000 Maintain
30/06/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $45.00 Initiate
29/05/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $43.0000 Maintain
01/05/2017 Broker: Jefferies Rating: Buy Old Target: $41.00 New Target: $43.00 Target Up
The stock increased 0.60% or $0.23 on September 1, reaching $38.42. About shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since September 3, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.
Legg Mason, Inc. is a holding company. The company has market cap of $3.60 billion. The Firm and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, firms and municipalities. It has a 15.9 P/E ratio. The Firm operates through Global Asset Management segment.
More important recent Legg Mason Inc (NYSE:LM) news were published by: Nasdaq.com which released: “Legg Mason (LM) Passes Through 3% Yield Mark” on August 11, 2017, also Nasdaq.com published article titled: “Why Is Legg Mason (LM) Down 10.3% Since the Last Earnings Report?”, Reuters.com published: “BRIEF-Legg Mason reports preliminary AUM of about $753.3 bln as of July 31” on August 10, 2017. More interesting news about Legg Mason Inc (NYSE:LM) was released by: Nasdaq.com and their article: “Legg Mason’s (LM) AUM Ascends in July, Net Inflows Recorded” with publication date: August 15, 2017.
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