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Discussion stirs around Legg Mason, Inc. (NYSE:LM) this week; here is what analysts are saying.

Legg Mason, Inc. (NYSE:LM) LogoInvestors sentiment decreased to 1.12 in 2018 Q2. Its down 0.08, from 1.2 in 2018Q1. It worsened, 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.
Mason Street Advisors Limited Liability Corp stated it has 43,831 shares. Manufacturers Life Ins The reported 0.01% stake. Transamerica Advsrs Inc stated it has 24 shares or 0% of all its holdings. Invesco Limited has 209,493 shares. Apg Asset Mngmt Nv owns 457,100 shares. Stephens Ar accumulated 19,759 shares or 0.02% of the stock. Profund Ltd Com holds 8,754 shares or 0.01% of its portfolio. Zacks Invest Management stated it has 46,232 shares or 0.03% of all its holdings. Proshare Advsr Ltd Com owns 0% invested in Legg Mason, Inc. (NYSE:LM) for 19,790 shares. Tiaa Cref Investment Management Ltd Liability has 0% invested in Legg Mason, Inc. (NYSE:LM) for 172,776 shares. Hightower Advisors Lc holds 0.02% or 82,466 shares in its portfolio. 88,215 were accumulated by Grantham Mayo Van Otterloo Limited Company. Convergence Inv Partners Ltd Liability has invested 0.88% in Legg Mason, Inc. (NYSE:LM). Quebec – Canada-based Fiera has invested 0.08% in Legg Mason, Inc. (NYSE:LM). Huntington Bank stated it has 694 shares.

Since May 15, 2018, it had 0 insider buys, and 3 insider sales for $1.35 million activity. On Tuesday, May 15 the insider Merchant Thomas C sold $98,436. SULLIVAN JOSEPH A sold 31,336 shares worth $1.22 million.

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

Among 3 analysts covering Legg Mason (NYSE:LM), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Legg Mason had 5 analyst reports since July 12, 2018 according to SRatingsIntel. The stock of Legg Mason, Inc. (NYSE:LM) earned “Outperform” rating by Wells Fargo on Friday, July 13. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, October 9 report. The stock has “Underweight” rating by Morgan Stanley on Thursday, July 12. Deutsche Bank maintained the stock with “Buy” rating in Thursday, October 11 report. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, August 2. Below is a list of Legg Mason, Inc. (NYSE:LM) latest ratings and price target changes.

11/10/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $38 Maintain
09/10/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $31 New Target: $32 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $34 New Target: $31 Maintain
13/07/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $44 New Target: $43 Maintain
12/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $39 New Target: $34 Maintain

The stock decreased 1.23% or $0.36 during the last trading session, reaching $28.93. About 554,063 shares traded. Legg Mason, Inc. (NYSE:LM) has declined 21.52% since November 10, 2017 and is downtrending. It has underperformed by 37.14% the S&P500.

Legg Mason, Inc. is a publicly owned asset management holding company. The company has market cap of $2.47 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 8.88 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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