Fisher Asset Administration LLC aloft its backing in Legg Mason Inc (NYSE:LM) by 66.8% during the 3rd quarter, according to the aggregation in its best contempo Form 13F filing with the SEC. The armamentarium endemic 332,464 shares of the asset manager’s banal afterwards purchasing an added 133,134 shares during the quarter. Fisher Asset Administration LLC endemic 0.39% of Legg Mason account $10,383,000 at the end of the best contempo advertisement period.
Other ample investors accept additionally bought and awash shares of the company. Westbourne Advance Advisors Inc. purchased a new pale in Legg Mason in the third division admired at $137,000. Canada Alimony Plan Advance Board purchased a new pale in Legg Mason in the added division admired at $142,000. Paloma Partners Administration Co added its backing in Legg Mason by 42.9% in the added quarter. Paloma Partners Administration Co now owns 7,450 shares of the asset manager’s banal admired at $258,000 afterwards purchasing an added 2,235 shares during the aftermost quarter. Acadian Asset Administration LLC added its backing in Legg Mason by 7,531.0% in the added quarter. Acadian Asset Administration LLC now owns 7,631 shares of the asset manager’s banal admired at $265,000 afterwards purchasing an added 7,531 shares during the aftermost quarter. Finally, Granite Advance Advisors LLC added its backing in Legg Mason by 29.2% in the added quarter. Granite Advance Advisors LLC now owns 7,750 shares of the asset manager’s banal admired at $269,000 afterwards purchasing an added 1,750 shares during the aftermost quarter. 86.64% of the banal is currently endemic by institutional investors.
In added Legg Mason news, cabal Frances Cashman awash 10,058 shares of the company’s banal in a transaction anachronous Monday, September 24th. The shares were awash at an boilerplate amount of $31.61, for a absolute amount of $317,933.38. Following the achievement of the transaction, the cabal now owns 72,937 shares in the company, admired at $2,305,538.57. The auction was appear in a acknowledged filing with the SEC, which is accessible at this hyperlink. Corporate assembly own 4.33% of the company’s stock.
Legg Mason (NYSE:LM) aftermost issued its annual balance abstracts on Wednesday, October 24th. The asset administrator appear $0.82 balance per allotment for the quarter, missing analysts’ accord estimates of $0.83 by ($0.01). The close had acquirement of $758.43 actor during the quarter, compared to analyst estimates of $755.29 million. Legg Mason had a acknowledgment on disinterestedness of 8.07% and a net allowance of 11.81%. On average, sell-side analysts adumbrate that Legg Mason Inc will column 3.28 balance per allotment for the accepted year.
The aggregation additionally afresh appear a annual dividend, which will be paid on Monday, January 14th. Shareholders of almanac on Wednesday, December 19th will be accustomed a $0.34 dividend. This represents a $1.36 allotment on an annualized base and a allotment crop of 4.99%. Legg Mason’s allotment payout arrangement (DPR) is currently 36.56%.
Several equities analysis analysts accept commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” appraisement and issued a $33.00 amount ambition on shares of Legg Mason in a abode on Monday. Morgan Stanley upped their amount ambition on shares of Legg Mason from $31.00 to $32.00 and gave the aggregation a “sell” appraisement in a abode on Tuesday, October 9th. Royal Bank of Canada reaffirmed a “buy” appraisement and issued a $40.00 amount ambition on shares of Legg Mason in a abode on Thursday, July 26th. Wells Fargo & Co decreased their amount cold on shares of Legg Mason from $44.00 to $43.00 and set an “outperform” appraisement for the aggregation in a analysis abode on Friday, July 13th. Finally, Jefferies Financial Group common a “hold” appraisement and issued a $39.00 amount cold on shares of Legg Mason in a analysis abode on Thursday, October 11th. Four analysis analysts accept rated the banal with a advertise rating, four accept accustomed a authority appraisement and four accept accustomed a buy appraisement to the company’s stock. Legg Mason anon has a accord appraisement of “Hold” and an boilerplate ambition amount of $41.55.
Legg Mason Aggregation Profile
Legg Mason, Inc is a about endemic asset administration captivation company. Through its subsidiaries, the close provides advance administration and accompanying casework to company-sponsored alternate funds and added advance cartage including alimony funds, foundations, endowments, absolute abundance funds, allowance companies, clandestine banks, ancestors offices, individuals, as able-bodied as to global, institutional, and retail clients.
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