Legg Mason (NYSE:LM) : The consensus on Legg Mason (NYSE:LM) based on 8 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Legg Mason (NYSE:LM) : Average target price received by Legg Mason (NYSE:LM) is $38.83 with an expected standard deviation of $3.71. The most aggressive target on the stock is $45, whereas the most downbeat target is $35. 6 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Citigroup maintains its rating on Legg Mason (NYSE:LM).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $43 per share to $46 per share. The rating by the firm was issued on April 18, 2016.
Legg Mason (NYSE:LM): stock turned positive on Tuesday. Though the stock opened at $28.36, the bulls momentum made the stock top out at $28.63 level for the day. The stock recorded a low of $27.54 and closed the trading day at $28.06, in the green by 1.04%. The total traded volume for the day was 2,151,188. The stock had closed at $27.77 in the previous days trading.
In an insider trading activity, 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, 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.