Legg Mason, Inc. (NYSE:LM) is expected to pay $0.22 on Oct 24, 2016. The indicated annual dividend is $0.88. Shareholders owning the stock before Oct 4, 2016 will be eligible to receive the payout. Based on Legg Mason, Inc.’s current price of $33.42, the dividend is 0.66%. This dividend’s record date is Oct 6, 2016 and the announcement date is Jul 28, 2016. About 98,670 shares traded hands. Legg Mason Inc (NYSE:LM) has risen 17.23% since February 29, 2016 and is uptrending. It has outperformed by 5.01% the S&P500.
Legg Mason, Inc. is a holding company. The company has a market cap of $3.52 billion. The Firm and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, firms and municipalities. It currently has negative earnings. The Firm operates through Global Asset Management segment.
Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.20, from 0.94 in 2016Q1. The ratio fall, as 57 funds sold all Legg Mason Inc shares owned while 113 reduced positions. 34 funds bought stakes while 92 increased positions. They now own 80.49 million shares or 18.18% less from 98.38 million shares in 2016Q1.
The Texas-based Exxonmobil Inv Mgmt Tx has invested 0.02% in Legg Mason Inc (NYSE:LM). Qs Investors has 0% invested in the company for 1,320 shares. Panagora Asset Mngmt has 0.03% invested in the company for 215,668 shares. Voya Inv Management Limited Liability Co reported 61,172 shares or 0% of all its holdings. Deutsche Natl Bank Ag has invested 0.01% of its portfolio in Legg Mason Inc (NYSE:LM). Liberty Mutual Gru Asset Mgmt has invested 0.01% of its portfolio in Legg Mason Inc (NYSE:LM). Great West Life Assurance Can has 57,885 shares for 0.01% of their US portfolio. Louisiana State Employees Retirement Systems holds 0.01% of its portfolio in Legg Mason Inc (NYSE:LM) for 6,900 shares. West Coast Financial Ltd Llc has invested 1.4% of its portfolio in Legg Mason Inc (NYSE:LM). Mutual Of America Mngmt Ltd Llc has 0.01% invested in the company for 12,220 shares. American Century holds 0% or 22,904 shares in its portfolio. Millennium Mgmt Ltd Limited Liability Company last reported 0.12% of its portfolio in the stock. Herndon Cap Management Llc has 10 shares for 0% of their US portfolio. New York State Common Retirement Fund last reported 0.01% of its portfolio in the stock. Jpmorgan Chase has invested 0.02% of its portfolio in Legg Mason Inc (NYSE:LM).
Insider Transactions: Since April 11, 2016, the stock had 1 insider purchase, and 3 insider sales for $337.09 million net activity. On Monday, April 11 TRIAN FUND MANAGEMENT – L.P. sold $336.84 million worth of the stock or 10.53M shares. Johnson Terence had sold 9,519 shares worth $301,276. $101,760 worth of Legg Mason Inc (NYSE:LM) was bought by DAVIDSON CAROL ANTHONY on Monday, June 6. Schliessler Ursula had sold 1,659 shares worth $52,568 on Monday, May 2.
Legg Mason Inc (NYSE:LM) Ratings Coverage
Out of 11 analysts covering Legg Mason Inc. (NYSE:LM), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. Legg Mason Inc. has been the topic of 32 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Legg Mason Inc (NYSE:LM) earned “Outperform” rating by Wood on Thursday, September 3. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target price in Monday, May 2 report. Citigroup maintained Legg Mason Inc (NYSE:LM) rating on Friday, April 15. Citigroup has “Buy” rating and $46 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 3 report. Jefferies maintained the shares of LM in a report on Wednesday, October 7 with “Buy” rating. The stock of Legg Mason Inc (NYSE:LM) has “Overweight” rating given on Monday, November 2 by Barclays Capital. Susquehanna upgraded Legg Mason Inc (NYSE:LM) rating on Tuesday, November 3. Susquehanna has “Neutral” rating and $39 price target. The firm has “Buy” rating given on Tuesday, March 29 by Jefferies. As per Thursday, September 10, the company rating was maintained by Citigroup. The firm earned “Overweight” rating on Monday, November 2 by Piper Jaffray.
More recent Legg Mason Inc (NYSE:LM) news were published by: Businesswire.com which released: “Legg Mason BW Global Income Opportunities Fund Inc. (BWG) Provides Market Update” on September 27, 2016. Also Prnewswire.com published the news titled: “Legg Mason, Inc. Completes Acquisition of Financial Guard LLC” on August 17, 2016. Benzinga.com‘s news article titled: “KBW Analysts Say Legg Mason Is ‘On The Right Track Strategically'” with publication date: September 09, 2016 was also an interesting one.
LM Company Profile
Legg Mason, Inc., incorporated on January 13, 1981, is a holding company. The Firm and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, firms and municipalities. The Firm operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. The Firm offers its services and products directly and through various financial intermediaries. The Firm has activities principally in the United States and the United Kingdom and also have offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan.
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