Clarkston Capital Partners LLC Raised Legg Mason INC (LM) Stake by $4.90 Million

April 17, 2018 - By Adrian Erickson

Legg Mason, Inc. (NYSE:LM) LogoInvestors sentiment increased to 1.52 in 2017 Q4. Its up 0.51, from 1.01 in 2017Q3. It is positive, as 20 investors sold LM shares while 88 reduced holdings. 60 funds opened positions while 104 raised stakes. 74.56 million shares or 0.52% less from 74.95 million shares in 2017Q3 were reported. Kbc Group Incorporated Nv has 225,418 shares for 0.08% of their portfolio. Geode Capital Mngmt Ltd Liability has 716,994 shares for 0.01% of their portfolio. Moreover, Westpac has 0.03% invested in Legg Mason, Inc. (NYSE:LM). River & Mercantile Asset Llp owns 102,280 shares. Yorktown Rech owns 5,000 shares. Boston Common Asset Ltd Liability Com owns 30,306 shares. Salzhauer Michael has invested 0.13% of its portfolio in Legg Mason, Inc. (NYSE:LM). Savings Bank Of The West stated it has 8,229 shares or 0.04% of all its holdings. Barclays Public Ltd Com invested in 0% or 43,983 shares. 639,775 are held by Pzena Inv Lc. Weiss Multi owns 50,000 shares. Cornerstone Advsrs reported 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Hightower Ltd Liability Corporation accumulated 99,342 shares. 6,519 are held by Diligent Investors Limited. West Coast Fincl Ltd Liability Company owns 131,253 shares.

Clarkston Capital Partners Llc increased its stake in Legg Mason Inc (LM) by 3.76% based on its latest 2017Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc bought 119,604 shares as the company’s stock declined 6.25% with the market. The institutional investor held 3.30 million shares of the finance company at the end of 2017Q4, valued at $138.70 million, up from 3.18M 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 bullish on the $3.27B market cap company. The stock increased 1.16% or $0.4442 during the last trading session, reaching $38.7142. About 419,594 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since April 17, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76M and $2.58 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 77,978 shares to 516,077 shares, valued at $44.15 million in 2017Q4, according to the filing. It also reduced its holding in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 108,885 shares in the quarter, leaving it with 2.20 million shares, and cut its stake in Capital One Finl Corp (NYSE:COF).

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

Among 8 analysts covering Legg Mason (NYSE:LM), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Legg Mason had 19 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of Legg Mason, Inc. (NYSE:LM) earned “Underweight” rating by Morgan Stanley on Tuesday, January 30. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, January 24. The rating was maintained by Deutsche Bank on Friday, April 6 with “Buy”. As per Wednesday, April 11, the company rating was maintained by Jefferies. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, March 6 report. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 10 with “Buy”. The stock of Legg Mason, Inc. (NYSE:LM) has “Buy” rating given on Wednesday, October 25 by Jefferies. The rating was maintained by Keefe Bruyette & Woods on Friday, November 10 with “Buy”. Jefferies maintained it with “Hold” rating and $46.0 target in Wednesday, January 24 report. As per Wednesday, January 10, the company rating was downgraded by Jefferies.

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

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