West Coast Financial buys $4,455,341 stake in Legg Mason Inc (LM)

Legg Mason Inc (LM) : West Coast Financial scooped up 2,866 additional shares in Legg Mason Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 131,426 shares of Legg Mason Inc which is valued at $4,455,341.Legg Mason Inc makes up approximately 1.55% of West Coast Financial’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp sold out all of its stake in LM during the most recent quarter. The investment firm sold 37,900 shares of LM which is valued $1,284,810.Signaturefd boosted its stake in LM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 506 shares of Legg Mason Inc which is valued at $17,275. North Star Asset Management Inc sold out all of its stake in LM during the most recent quarter. The investment firm sold 6,478 shares of LM which is valued $221,159.Integrated Investment Consultants boosted its stake in LM in the latest quarter, The investment management firm added 1,725 additional shares and now holds a total of 2,850 shares of Legg Mason Inc which is valued at $80,798. Legg Mason Inc makes up approx 0.04% of Integrated Investment Consultants’s portfolio.

Legg Mason Inc opened for trading at $34.27 and hit $34.5 on the upside on Monday, eventually ending the session at $34.17, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 9,32,713 shares. Company has a market cap of $3,541 M.

On the company’s financial health, Legg Mason Inc reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.73. The company had revenue of $700.20 million for the quarter, compared to analysts expectations of $683.62 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.14 EPS.

Legg Mason Inc. is a holding company. Through its subsidiaries the Company provides investment management and related services to institutional and individual clients company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Company’s United States mutual funds consist of two groups of mutual and closed-end funds.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *