Are Analysts Bullish Legg Mason, Inc. (NYSE:LM) After Last Week?

July 16, 2018 - By Richard Slagle

Legg Mason, Inc. (NYSE:LM) LogoInvestors sentiment decreased to 1.2 in 2018 Q1. Its down 0.32, from 1.52 in 2017Q4. It worsened, as 30 investors sold Legg Mason, Inc. shares while 94 reduced holdings. 48 funds opened positions while 101 raised stakes. 73.24 million shares or 1.77% less from 74.56 million shares in 2017Q4 were reported.
Wells Fargo And Mn stated it has 429,563 shares or 0.01% of all its holdings. 187,411 were reported by Third Avenue Management Lc. First Allied Advisory Services Inc holds 8,664 shares or 0.01% of its portfolio. Olstein Cap L P owns 348,923 shares. Koch has invested 0.07% in Legg Mason, Inc. (NYSE:LM). Amundi Pioneer Asset invested 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Fny Managed Accounts Lc owns 27 shares. Eaton Vance Mngmt holds 0.01% or 147,570 shares. 69,949 were accumulated by Mutual Of America Mngmt Ltd Company. Coe Capital Mngmt Limited Liability owns 2% invested in Legg Mason, Inc. (NYSE:LM) for 45,350 shares. Moors & Cabot Incorporated has 13,841 shares. San Francisco Sentry Inv Grp (Ca) owns 0% invested in Legg Mason, Inc. (NYSE:LM) for 37 shares. Arizona State Retirement Sys reported 0.02% stake. Synovus Financial Corporation owns 634 shares. 379,242 are held by Principal Financial Gp.

Since May 15, 2018, it had 0 buys, and 3 sales for $1.35 million activity. The insider Merchant Thomas C sold 2,537 shares worth $98,436. $34,977 worth of Legg Mason, Inc. (NYSE:LM) shares were sold by Lattin Patricia.

Legg Mason, Inc. (NYSE:LM) Ratings Coverage

Among 10 analysts covering Legg Mason (NYSE:LM), 4 have Buy rating, 2 Sell and 4 Hold. Therefore 40% are positive. Legg Mason had 17 analyst reports since January 25, 2018 according to SRatingsIntel. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, April 10. Deutsche Bank maintained the shares of LM in report on Tuesday, March 6 with “Buy” rating. The firm has “Hold” rating given on Wednesday, April 25 by Jefferies. As per Wednesday, January 24, the company rating was maintained by RBC Capital Markets. As per Friday, July 13, the company rating was maintained by Wells Fargo. The firm earned “Hold” rating on Wednesday, January 24 by Jefferies. The company was maintained on Thursday, January 25 by Citigroup. The rating was maintained by Bank of America with “Underperform” on Thursday, January 25. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, January 30 report. The rating was maintained by Jefferies with “Hold” on Wednesday, April 11. Below is a list of Legg Mason, Inc. (NYSE:LM) latest ratings and price target changes.

13/07/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $44 New Target: $43 Maintain
12/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $39 New Target: $34 Maintain
25/04/2018 Broker: Jefferies Rating: Hold New Target: $41.0000 Maintain
25/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $48.0000 Maintain
26/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $52 New Target: $53 Maintain
23/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $44 New Target: $41 Maintain
11/04/2018 Broker: Jefferies Rating: Hold New Target: $45.0000 Maintain
10/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $48.0000 Maintain
10/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $42 New Target: $40 Maintain
06/04/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $46 New Target: $49 Maintain

The stock decreased 0.03% or $0.01 during the last trading session, reaching $33.04. About 596,692 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 3.58% since July 16, 2017 and is uptrending. It has underperformed by 8.99% the S&P500.

Legg Mason, Inc. is a publicly owned asset management holding company. The company has market cap of $2.82 billion. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients. It has a 10.98 P/E ratio. It launches and manages equity, fixed income, and multi-asset customized portfolios through its subsidiaries.

Legg Mason, Inc. (NYSE:LM) Institutional Positions Chart

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