27.56 % to Target, Deutsche Bank Keeps ‘Buy’ Rating on Legg Mason (NYSE:LM) Shares Today

October 11, 2018 - By Richard Conner

Legg Mason, Inc. (NYSE:LM) Logo

Investors sentiment decreased to 1.12 in 2018 Q2. Its down 0.08, from 1.2 in 2018Q1. It fall, as 26 investors sold Legg Mason, Inc. shares while 108 reduced holdings. 55 funds opened positions while 95 raised stakes. 70.88 million shares or 3.22% less from 73.24 million shares in 2018Q1 were reported.

State Board Of Administration Of Florida Retirement Sys owns 0.01% invested in Legg Mason, Inc. (NYSE:LM) for 142,258 shares. Sageworth invested in 0% or 600 shares. Apg Asset Mgmt Nv reported 457,100 shares. Stevens Capital Mgmt Limited Partnership holds 53,874 shares. Comerica Bancshares stated it has 0.13% of its portfolio in Legg Mason, Inc. (NYSE:LM). Natixis holds 0.01% or 44,071 shares. Nj State Employees Deferred Compensation Plan stated it has 0.06% in Legg Mason, Inc. (NYSE:LM). Park Circle Co invested in 573,000 shares or 13% of the stock. Third Avenue Mgmt Limited Liability Corp reported 0.32% stake. Ontario Teachers Pension Plan Board holds 0.02% or 44,400 shares. Citadel Lc accumulated 141,918 shares. Amundi Pioneer Asset Management Inc reported 4,172 shares. Piedmont Investment Limited Liability Company reported 33 shares. Citigroup Incorporated has invested 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Moreover, Clearbridge Ltd Liability Corporation has 0% invested in Legg Mason, Inc. (NYSE:LM) for 151 shares.

Since May 15, 2018, it had 0 buys, and 3 sales for $1.35 million activity. Lattin Patricia had sold 898 shares worth $34,977 on Tuesday, May 15. Shares for $98,436 were sold by Merchant Thomas C.

Legg Mason (NYSE:LM) Rating Reaffirmed

New York: In a note revealed to investors on 11 October, Deutsche Bank kept their Buy rating on Legg Mason (NYSE:LM) shares. They now have a $38 target on the company. Deutsche Bank’s target gives a potential upside of 27.56 % from the company’s current stock price.

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

Among 6 analysts covering Legg Mason (NYSE:LM), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Legg Mason has $53 highest and $31 lowest target. $43’s average target is 44.34% above currents $29.79 stock price. Legg Mason had 8 analyst reports since April 23, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Tuesday, October 9 with “Underweight”. The firm earned “Underweight” rating on Thursday, August 2 by Morgan Stanley. As per Friday, July 13, the company rating was maintained by Wells Fargo. The stock has “Underweight” rating by Morgan Stanley on Thursday, July 12. The stock of Legg Mason, Inc. (NYSE:LM) earned “Equal-Weight” rating by Barclays Capital on Monday, April 23. RBC Capital Markets maintained Legg Mason, Inc. (NYSE:LM) on Wednesday, April 25 with “Buy” rating. The firm has “Hold” rating by Jefferies given on Wednesday, April 25. Credit Suisse maintained Legg Mason, Inc. (NYSE:LM) on Thursday, April 26 with “Neutral” rating.

The stock increased 0.40% or $0.12 during the last trading session, reaching $29.79. About 110,653 shares traded. Legg Mason, Inc. (NYSE:LM) has declined 21.52% since October 11, 2017 and is downtrending. It has underperformed by 37.14% the S&P500.

Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on October, 24. They expect $0.85 earnings per share, up 7.59 % or $0.06 from last year’s $0.79 per share. LM’s profit will be $72.65 million for 8.76 P/E if the $0.85 EPS becomes a reality. After $0.80 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

Legg Mason, Inc. is a publicly owned asset management holding company. The company has market cap of $2.55 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 9.15 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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