Legg Mason INC (LM) Holding Has Raised by Clarkston Capital Partners Llc

April 17, 2018 - By Winifred Garcia

Legg Mason, Inc. (NYSE:LM) LogoInvestors sentiment increased to 1.52 in Q4 2017. Its up 0.51, from 1.01 in 2017Q3. It improved, 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. Comml Bank Of America De has 257,584 shares. 302,942 are held by Tiaa Cref Management Limited Liability. M&R Mngmt has invested 0% in Legg Mason, Inc. (NYSE:LM). Trust Of Vermont holds 0% in Legg Mason, Inc. (NYSE:LM) or 1,000 shares. Great West Life Assurance Can reported 50,202 shares. Jane Street Gru Lc has 0% invested in Legg Mason, Inc. (NYSE:LM) for 5,806 shares. Proshare Ltd Com has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Etrade Ltd Co reported 13,185 shares. Gargoyle Investment Advisor Lc has 1.39% invested in Legg Mason, Inc. (NYSE:LM) for 83,466 shares. Nomura Inc owns 13,650 shares for 0% of their portfolio. Comerica National Bank & Trust holds 0.19% or 612,554 shares in its portfolio. 7,287 were reported by Neuberger Berman Group Limited Com. Greenwich Wealth Mgmt Ltd Company holds 0.49% or 70,327 shares. Mackenzie invested in 65,792 shares or 0.01% of the stock. Alliancebernstein Lp holds 52,662 shares.

Clarkston Capital Partners Llc increased its stake in Legg Mason Inc (LM) by 3.76% based on its latest 2017Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc bought 119,604 shares as the company’s stock declined 6.25% with the market. The institutional investor held 3.30M shares of the finance company at the end of 2017Q4, valued at $138.70 million, up from 3.18 million at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Legg Mason Inc for a number of months, seems to be bullish on the $3.27 billion market cap company. The stock increased 1.16% or $0.4442 during the last trading session, reaching $38.7142. About 419,594 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since April 17, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76M and $2.58 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 77,978 shares to 516,077 shares, valued at $44.15 million in 2017Q4, according to the filing. It also reduced its holding in Sysco Corp (NYSE:SYY) by 65,415 shares in the quarter, leaving it with 898,290 shares, and cut its stake in Willis Towers Watson Pub Ltd.

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

Among 8 analysts covering Legg Mason (NYSE:LM), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Legg Mason had 19 analyst reports since October 18, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Legg Mason, Inc. (NYSE:LM) rating on Friday, November 10. Keefe Bruyette & Woods has “Buy” rating and $46.0 target. The rating was downgraded by Jefferies to “Hold” on Wednesday, January 10. The rating was maintained by Citigroup on Thursday, January 25 with “Neutral”. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, March 6. As per Tuesday, April 10, the company rating was maintained by Keefe Bruyette & Woods. As per Wednesday, January 24, the company rating was maintained by Keefe Bruyette & Woods. As per Wednesday, January 24, the company rating was maintained by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Wednesday, October 18. The firm earned “Underperform” rating on Thursday, January 25 by Bank of America. Morgan Stanley maintained Legg Mason, Inc. (NYSE:LM) rating on Tuesday, April 10. Morgan Stanley has “Underweight” rating and $40 target.

Legg Mason, Inc. (NYSE:LM) Institutional Positions Chart

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