November 28, 2016 - By Ellis Scott · 0 Comments
The stock of Legg Mason Incorporated (NYSE:LM) registered a decrease of 8.35% in short interest. LM’s total short interest was 4.50 million shares in November as published by FINRA. Its down 8.35% from 4.91 million shares, reported previously. With 1.43 million shares average volume, it will take short sellers 3 days to cover their LM’s short positions. The short interest to Legg Mason Incorporated’s float is 4.89%. About 207,432 shares traded hands. Legg Mason Inc (NYSE:LM) has declined 6.73% since April 25, 2016 and is downtrending. It has underperformed by 12.74% the S&P500.
Legg Mason, Inc. is a holding company. The company has a market cap of $3.20 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 increased to 0.75 in 2016 Q2. Its up 0.01, from 0.74 in 2016Q1. The ratio improved, 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.
Td Asset Mgmt has invested 0% of its portfolio in Legg Mason Inc (NYSE:LM). Manufacturers Life The, a Ontario – Canada-based fund reported 100,360 shares. Nomura Holdg reported 67,724 shares or 0.01% of all its holdings. Utah Retirement Systems, a Utah-based fund reported 19,147 shares. Savings Bank Of Mellon accumulated 0.01% or 897,377 shares. Pinebridge Invs Limited Partnership has invested 0% of its portfolio in Legg Mason Inc (NYSE:LM). Moreover, Bnp Paribas Arbitrage has 0% invested in Legg Mason Inc (NYSE:LM) for 9,088 shares. The United Kingdom-based Barclays Pcl has invested 0% in Legg Mason Inc (NYSE:LM). Price T Rowe Assoc Md accumulated 1.05M shares or 0.01% of the stock. Invesco Ltd last reported 0.03% of its portfolio in the stock. Dimensional Fund Advsr L P last reported 0.05% of its portfolio in the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management accumulated 0.01% or 25,000 shares. Bokf Na, a Oklahoma-based fund reported 26,278 shares. Pnc Fincl Svcs Group Incorporated last reported 0% of its portfolio in the stock. The Georgia-based Synovus has invested 0% in Legg Mason Inc (NYSE:LM).
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 0 insider sales for $101,760 net activity. DAVIDSON CAROL ANTHONY bought $101,760 worth of stock.
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 33 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Legg Mason Inc (NYSE:LM) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 3. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Tuesday, March 29 report. The firm has “Outperform” rating by Wood given on Friday, October 14. The stock has “Buy” rating given by Jefferies on Wednesday, October 7. Jefferies maintained Legg Mason Inc (NYSE:LM) rating on Monday, July 11. Jefferies has “Buy” rating and $36 price target. The firm earned “Overweight” rating on Monday, November 2 by Barclays Capital. The firm has “Overweight” rating by Piper Jaffray given on Monday, November 2. The firm has “Negative” rating given on Thursday, September 3 by Susquehanna. The company was maintained on Monday, August 3 by Piper Jaffray.
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.
More news for Legg Mason Inc (NYSE:LM) were recently published by: Bizjournals.com, which released: “T. Rowe Price and Legg Mason shares see post-election surge” on November 10, 2016. Seekingalpha.com‘s article titled: “Legg Mason adds to ETF offerings” and published on November 22, 2016 is yet another important article.
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By Ellis Scott