EPS for Legg Mason Inc (LM) Expected At $0.58

July 18, 2017 - By Vivian Currie

 EPS for Legg Mason Inc (LM) Expected At $0.58
Investors sentiment increased to 1.01 in 2016 Q4. Its up 0.26, from 0.75 in 2016Q3. It increased, 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.
Moreover, Parallax Volatility Advisers Lp has 0% invested in Legg Mason Inc (NYSE:LM). Swiss Bancorp reported 153,347 shares. Cap Ww owns 0.01% invested in Legg Mason Inc (NYSE:LM) for 1.48 million shares. The Georgia-based Vident Inv Advisory Lc has invested 0.2% in Legg Mason Inc (NYSE:LM). Fifth Third Financial Bank has invested 0% of its portfolio in Legg Mason Inc (NYSE:LM). Ci Investments, Ontario – Canada-based fund reported 114,889 shares. Ameriprise Financial Inc accumulated 273,834 shares. Gamco Et Al invested in 0.65% or 3.46 million shares. Principal Finance Group Inc Inc stated it has 0.01% in Legg Mason Inc (NYSE:LM). Jpmorgan Chase And owns 179,954 shares for 0% of their portfolio. Clarkston Prns Lc holds 4.29% in Legg Mason Inc (NYSE:LM) or 3.02 million shares. 15,974 are held by Amalgamated Retail Bank. D E Shaw holds 0.05% or 918,154 shares. Ibm Retirement Fund reported 8,204 shares or 0.01% of all its holdings. Balyasny Asset Limited Company invested in 24,391 shares.

Since January 18, 2017, it had 0 buys, and 5 selling transactions for $2.17 million activity. 8,777 shares were sold by Johnson Terence, worth $326,855. Merchant Thomas C also sold $237,816 worth of Legg Mason Inc (NYSE:LM) shares. Shares for $960,129 were bought by Chen Tian Qiao. Schliessler Ursula also sold $65,246 worth of Legg Mason Inc (NYSE:LM) shares. $1.07M worth of Legg Mason Inc (NYSE:LM) was sold by SULLIVAN JOSEPH A on Thursday, February 16.

Wall Street await Legg Mason Inc (NYSE:LM) to release earnings on July, 26. Analysts forecast earnings per share of $0.58, up exactly $0.27 or 87.10 % from 2014’s $0.31 EPS. The expected LM’s profit could reach $55.44M giving the stock 17.09 P/E in the case that $0.58 earnings per share is reported. After posting $0.92 EPS for the previous quarter, Legg Mason Inc’s analysts now forecast -36.96 % negative EPS growth. The stock decreased 0.28% or $0.11 during the last trading session, reaching $39.65. About 555,468 shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since July 18, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.

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 40 analyst reports since August 4, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Legg Mason Inc (NYSE:LM) rating on Monday, May 29. Keefe Bruyette & Woods has “Buy” rating and $4300 target. The stock has “Outperform” rating by RBC Capital Markets on Friday, June 30. Jefferies maintained the stock with “Buy” rating in Thursday, June 8 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $4300 target in Friday, June 30 report. Piper Jaffray maintained Legg Mason Inc (NYSE:LM) rating on Monday, November 2. Piper Jaffray has “Overweight” rating and $59 target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 2 report. The company was maintained on Thursday, September 3 by Susquehanna. The firm earned “Buy” rating on Thursday, September 10 by Citigroup. The firm has “Buy” rating by Citigroup given on Friday, April 15. Wood maintained Legg Mason Inc (NYSE:LM) on Friday, October 14 with “Outperform” rating.

Legg Mason, Inc. is a holding company. The company has market cap of $3.79 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 17.89 P/E ratio. The Firm operates through Global Asset Management segment.

More important recent Legg Mason Inc (NYSE:LM) news were published by: Seekingalpha.com which released: “Legg Mason: A Deeper Look At The Performance” on July 07, 2017, also Prnewswire.com published article titled: “Initiating Research Reports on Asset Management Equities — Legg Mason, New …”, Benzinga.com published: “New Thinking In A Small-Cap ETF” on July 17, 2017. More interesting news about Legg Mason Inc (NYSE:LM) was released by: Prnewswire.com and their article: “Legg Mason Reports Assets Under Management and Flows For June 2017” with publication date: July 13, 2017.

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