Legg Mason (NYSE:LM): The stock price is expected to reach $ 38.83 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $45 while the lower estimate is at $35. The standard deviation of the price stands at $3.71.
Many analysts have stated their opinion on the company shares. Citigroup maintains its view on Legg Mason (NYSE:LM) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $43 per share to $46 per share on Legg Mason . The rating by the firm was issued on April 18, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Legg Mason, Inc., Davidson Carol Anthony, had purchased 3,000 shares in a transaction dated on June 6, 2016. The transaction was executed at $33.92 per share with total amount equaling $101,760.
Legg Mason (NYSE:LM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 1.74% at $31.59 with 1,198,117 shares getting traded. Post opening the session at $31.76, the shares hit an intraday low of $31.56 and an intraday high of $32.19 and the price was in this range throughout the day. The company has a market cap of $3,330 million and the number of outstanding shares have been calculated to be 105,402,210 shares. The 52-week high of Legg Mason (NYSE:LM) is $54.13 and the 52-week low is $24.93.
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 Companys United States mutual funds consist of two groups of mutual and closed-end funds.