Investors sentiment decreased to 0.94 in Q2 2019. Its down 0.56, from 1.5 in 2019Q1. It dived, as 32 investors sold LM shares while 94 reduced holdings. 50 funds opened positions while 68 raised stakes. 74.07 million shares or 5.63% more from 70.12 million shares in 2019Q1 were reported. 4.66 million were reported by Clarkston Cap Prns Lc. Comml Bank Of Hawaii owns 11,335 shares. Graybill Bartz Associate Limited accumulated 112,524 shares or 2.95% of the stock. Moreover, Hanson Mcclain has 0% invested in Legg Mason, Inc. (NYSE:LM). C M Bidwell & Associates Limited holds 0.06% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 1,610 shares. Vanguard Inc accumulated 0.01% or 8.09 million shares. M&R Capital Incorporated invested 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Iat Reinsurance Co holds 67,000 shares or 0.41% of its portfolio. Cambridge Invest Research, Iowa-based fund reported 10,462 shares. Manchester Capital Mngmt Lc reported 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Raymond James & Assoc reported 0.05% of its portfolio in Legg Mason, Inc. (NYSE:LM). Jpmorgan Chase And Com owns 222,298 shares or 0% of their US portfolio. Shell Asset Mngmt holds 21,348 shares. Hillsdale Investment Mngmt owns 1,100 shares or 0% of their US portfolio. Bankshares Of Nova Scotia holds 12,155 shares.
Clarkston Capital Partners Llc decreased its stake in Legg Mason Inc (LM) by 3.4% based on its latest 2019Q2 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 164,125 shares as the company’s stock rose 11.39% . The institutional investor held 4.66 million shares of the finance company at the end of 2019Q2, valued at $178.42M, down from 4.82M at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Legg Mason Inc for a number of months, seems to be less bullish one the $3.36 billion market cap company. The stock increased 0.44% or $0.17 during the last trading session, reaching $38.69. About 288,323 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 9.96% since December 4, 2018 and is uptrending. It has outperformed by 9.96% the S&P500.
Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on February, 3. They expect $0.93 earnings per share, up 27.40 % or $0.20 from last year’s $0.73 per share. LM’s profit will be $80.72 million for 10.40 P/E if the $0.93 EPS becomes a reality. After $0.95 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts -2.11 % negative EPS growth.
More notable recent Legg Mason, Inc. (NYSE:LM) news were published by: Prnewswire.com which released: “Legg Mason Reports Assets Under Management and Flows for October 2019 – PRNewswire” on November 12, 2019, also Seekingalpha.com with their article: “Lockheed’s LM-100J scores FAA certification – Seeking Alpha” published on November 18, 2019, Seekingalpha.com published: “Legg Mason reports August AUM of $776.8B – Seeking Alpha” on September 12, 2019. More interesting news about Legg Mason, Inc. (NYSE:LM) were released by: Finance.Yahoo.com and their article: “Is Legg Mason, Inc. (LM) A Good Stock To Buy ? – Yahoo Finance” published on October 24, 2019 as well as Benzinga.com‘s news article titled: “Out of This World: Is Space A New Twist on Frontier Investing? – Benzinga” with publication date: November 20, 2019.
Legg Mason, Inc. (NYSE:LM) Ratings Coverage
Among 4 analysts covering Legg Mason Inc-LeggMason (NYSE:LM), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Legg Mason Inc-LeggMason has $51 highest and $38 lowest target. $43’s average target is 11.14% above currents $38.69 stock price. Legg Mason Inc-LeggMason had 9 analyst reports since August 6, 2019 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, October 31. On Thursday, October 10 the stock rating was maintained by Wells Fargo with “Hold”. The rating was maintained by Credit Suisse with “Hold” on Thursday, October 31. On Thursday, October 31 the stock rating was maintained by Citigroup with “Buy”. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, September 13 report. The firm earned “Hold” rating on Tuesday, October 8 by Barclays Capital. The stock of Legg Mason, Inc. (NYSE:LM) earned “Neutral” rating by Credit Suisse on Tuesday, August 6.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.