Legg Mason Inc (LM) EPS Estimated At $0.68

September 27, 2017 - By Adrian Mccoy

 Legg Mason Inc (LM) EPS Estimated At $0.68
Investors sentiment increased to 1.02 in 2017 Q2. Its up 0.27, from 0.75 in 2017Q1. It is positive, as 25 investors sold Legg Mason Inc shares while 105 reduced holdings. 53 funds opened positions while 80 raised stakes. 76.26 million shares or 1.07% more from 75.45 million shares in 2017Q1 were reported.
State Common Retirement Fund has 214,981 shares for 0.01% of their portfolio. Texas-based Capstone Asset Management has invested 0.01% in Legg Mason Inc (NYSE:LM). Cibc Markets Inc reported 6,868 shares stake. Ellington Limited Liability Com accumulated 26,000 shares or 0.14% of the stock. Ahl Ltd Liability Partnership invested 0.12% in Legg Mason Inc (NYSE:LM). Paloma Prns Mgmt accumulated 0.02% or 52,959 shares. California State Teachers Retirement Systems holds 0.01% of its portfolio in Legg Mason Inc (NYSE:LM) for 158,009 shares. Parametric Portfolio Assoc Ltd Liability Corporation holds 0.03% of its portfolio in Legg Mason Inc (NYSE:LM) for 585,942 shares. Etrade Cap Mgmt Ltd reported 17,927 shares or 0.03% of all its holdings. 112,270 were accumulated by Oxbow Advisors Limited. Moreover, Federated Invsts Pa has 0.01% invested in Legg Mason Inc (NYSE:LM). Salzhauer Michael holds 8,169 shares. Gamco Et Al holds 3.03 million shares. 128,900 were accumulated by Axa. Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.02% in Legg Mason Inc (NYSE:LM).

Since May 1, 2017, it had 0 insider buys, and 2 selling transactions for $392,101 activity. Johnson Terence also sold $326,855 worth of Legg Mason Inc (NYSE:LM) on Monday, May 1. $65,246 worth of stock was sold by Schliessler Ursula on Monday, May 1.

Analysts expect Legg Mason Inc (NYSE:LM) to report $0.68 EPS on October, 27.They anticipate $0.05 EPS change or 7.94 % from last quarter’s $0.63 EPS. LM’s profit would be $63.56 million giving it 14.08 P/E if the $0.68 EPS is correct. After having $0.66 EPS previously, Legg Mason Inc’s analysts see 3.03 % EPS growth. About 228,845 shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since September 27, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.

Legg Mason Inc (NYSE:LM) Ratings Coverage

Among 12 analysts covering Legg Mason Inc. (NYSE:LM), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Legg Mason Inc. had 45 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Monday, November 2 with “Overweight”. The stock of Legg Mason Inc (NYSE:LM) has “Buy” rating given on Friday, September 25 by Liberum Capital. As per Tuesday, March 29, the company rating was maintained by Jefferies. The firm has “Outperform” rating by Wood given on Friday, October 14. The rating was maintained by Jefferies with “Buy” on Wednesday, October 7. The stock of Legg Mason Inc (NYSE:LM) has “Outperform” rating given on Thursday, September 3 by Wood. Susquehanna maintained Legg Mason Inc (NYSE:LM) rating on Thursday, September 3. Susquehanna has “Negative” rating and $36 target. The stock of Legg Mason Inc (NYSE:LM) earned “Buy” rating by Citigroup on Friday, April 15. The firm earned “Neutral” rating on Tuesday, November 3 by Susquehanna. RBC Capital Markets initiated it with “Outperform” rating and $45 target in Friday, June 30 report.

Legg Mason, Inc. is a holding company. The company has market cap of $3.58 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 15.85 P/E ratio. The Firm operates through Global Asset Management segment.

Another recent and important Legg Mason Inc (NYSE:LM) news was published by Nasdaq.com which published an article titled: “Why Is Legg Mason (LM) Down 10.3% Since the Last Earnings Report?” on August 29, 2017.

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