Stifel Financial Upped Legg Mason (LM) Position By $304,999; Piedmont Office Realty Trust Has 1.26 Sentiment

April 16, 2018 - By Hazel Jackson

Legg Mason, Inc. (NYSE:LM) Logo

Piedmont Office Realty Trust Inc (PDM) investors sentiment decreased to 1.26 in Q4 2017. It’s down -0.26, from 1.52 in 2017Q3. The ratio dived, as 103 hedge funds started new and increased positions, while 82 sold and decreased their stakes in Piedmont Office Realty Trust Inc. The hedge funds in our database now have: 115.88 million shares, down from 117.88 million shares in 2017Q3. Also, the number of hedge funds holding Piedmont Office Realty Trust Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 25 Reduced: 57 Increased: 67 New Position: 36.

Stifel Financial Corp increased Legg Mason Inc (LM) stake by 8.53% reported in 2017Q4 SEC filing. Stifel Financial Corp acquired 7,439 shares as Legg Mason Inc (LM)’s stock declined 6.25%. The Stifel Financial Corp holds 94,612 shares with $3.97 million value, up from 87,173 last quarter. Legg Mason Inc now has $3.24B valuation. The stock increased 1.32% or $0.5 during the last trading session, reaching $38.26. About 457,592 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since April 16, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Investors sentiment increased to 1.52 in Q4 2017. Its up 0.51, from 1.01 in 2017Q3. It increased, as 20 investors sold LM shares while 88 reduced holdings. 60 funds opened positions while 104 raised stakes. 74.56 million shares or 0.52% less from 74.95 million shares in 2017Q3 were reported. Contravisory Investment Inc invested in 4,409 shares or 0.07% of the stock. Hodges invested in 39,600 shares. Gamco Et Al stated it has 2.61M shares or 0.69% of all its holdings. Guggenheim Capital Ltd Liability has 0.02% invested in Legg Mason, Inc. (NYSE:LM) for 168,051 shares. Bnp Paribas Arbitrage Sa has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Assetmark reported 1,115 shares. Neuberger Berman Group Ltd Liability owns 7,287 shares for 0% of their portfolio. State Of New Jersey Common Pension Fund D accumulated 0.2% or 1.28 million shares. Seminole Mngmt has invested 2.36% in Legg Mason, Inc. (NYSE:LM). Ny State Teachers Retirement holds 0.02% or 193,175 shares in its portfolio. Suntrust Banks holds 7,130 shares. Janney Capital Limited Com stated it has 7,225 shares or 0.01% of all its holdings. Commercial Bank Of Montreal Can invested in 8,215 shares or 0% of the stock. Federated Investors Pa owns 38,926 shares for 0% of their portfolio. Salzhauer Michael holds 0.13% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 8,169 shares.

Stifel Financial Corp decreased Advanced Drain Sys Inc Del (NYSE:WMS) stake by 30,771 shares to 9,411 valued at $223,000 in 2017Q4. It also reduced Bank New York Mellon Corp (NYSE:BK) stake by 27,863 shares and now owns 472,778 shares. Powershares Etf Tr Ii (SPLV) was reduced too.

Among 15 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Legg Mason Inc. had 68 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 25 by Liberum Capital. The rating was downgraded by Morgan Stanley on Thursday, October 5 to “Underweight”. The stock of Legg Mason, Inc. (NYSE:LM) has “Buy” rating given on Tuesday, October 17 by Deutsche Bank. The stock of Legg Mason, Inc. (NYSE:LM) earned “Equal Weight” rating by Barclays Capital on Friday, September 8. The firm has “Buy” rating by Jefferies given on Monday, July 11. The rating was maintained by Jefferies on Wednesday, October 25 with “Buy”. Citigroup maintained Legg Mason, Inc. (NYSE:LM) on Friday, April 15 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, January 30. As per Friday, October 14, the company rating was maintained by Wood. On Tuesday, April 10 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

Analysts await Piedmont Office Realty Trust, Inc. (NYSE:PDM) to report earnings on May, 2. They expect $0.41 EPS, down 8.89% or $0.04 from last year’s $0.45 per share. PDM’s profit will be $54.33 million for 10.65 P/E if the $0.41 EPS becomes a reality. After $0.42 actual EPS reported by Piedmont Office Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth.

Since January 1, 0001, it had 2 buys, and 1 sale for $161 activity.

Piedmont Office Realty Trust, Inc. is a real estate investment trust. The company has market cap of $2.32 billion. The firm invests in real estate markets of the United States. It owns, manages, develops and operates high-quality, Class A office properties located in select sub markets of eight major Eastern U.S. office markets. It has a 18.99 P/E ratio. The firm was formerly known as Wells REIT, Inc.

The stock increased 0.63% or $0.11 during the last trading session, reaching $17.47. About 981,065 shares traded. Piedmont Office Realty Trust, Inc. (PDM) has declined 17.45% since April 16, 2017 and is downtrending. It has underperformed by 29.00% the S&P500.

Aew Capital Management L P holds 2.43% of its portfolio in Piedmont Office Realty Trust, Inc. for 4.78 million shares. Piermont Capital Management Inc. owns 130,821 shares or 0.84% of their US portfolio. Moreover, Systematic Financial Management Lp has 0.82% invested in the company for 2.08 million shares. The Connecticut-based Matarin Capital Management Llc has invested 0.62% in the stock. Private Management Group Inc, a California-based fund reported 544,909 shares.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Institutional Positions Chart

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