Economy

Analysts See $0.68 EPS for Legg Mason Inc (LM)

Hsbc Public Limited Co has 0% invested in Legg Mason Inc (NYSE:LM).

Analysts await Legg Mason Inc (NYSE:LM) to report earnings on October, 27. The institutional investor owned 26,366 shares of the asset manager's stock after selling 2,971 shares during the quarter. Laurion Capital Management LP acquired a new position in Legg Mason in the second quarter valued at $37,103,000. BlackRock Inc. raised its holdings in shares of Legg Mason by 1,729.5% in the first quarter. About shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since October 26, 2016 and is uptrending. Finally, Geode Capital Management LLC lifted its holdings in Legg Mason by 2.4% in the 1st quarter. Integrated Investment Consultants LLC now owns 3,175 shares of the company's stock valued at $102,000 after buying an additional 325 shares during the period. (LM) opened at 38.70 on Friday. The stock has a 50 day moving average price of $38.14 and a 200 day moving average price of $38.25. North Star Asset Mngmt reported 0.03% in Legg Mason Inc (NYSE:LM). The company has market cap of $3.53 billion. (NASDAQ:LM) to report earnings on Oct, 25 for the fiscal quarter ending Sep 2017.

In terms of earnings per share, 9 analysts have a 0.63 EPS mean target for the quarter ending Mar-17, for the quarter ending Jun-18, 7 analysts have a 0.73 EPS mean target and for the quarter ending Jun-18 there are 10 estimates of 2.07 EPS. The firm had revenue of $768.30 million during the quarter, compared to analysts' expectations of $739.47 million. Legg Mason had a net margin of 8.21% and a return on equity of 6.84%. The company's quarterly revenue was up 2.7% on a year-over-year basis. They expect $0.68 EPS, up 7.94% or $0.05 from last year's $0.63 per share. Moreover, Parametric Portfolio Assocs Ltd Limited Liability Company has 0.02% invested in Legg Mason BW Global Income Opptys Fund (NYSE:BWG) for 40,973 shares.

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Legg Mason (NYSE:LM) last released its earnings results on Wednesday, July 27th.

Several brokerages recently issued reports on LM. RBC Capital Markets maintained it with "Buy" rating and $4700 target in Thursday, July 27 report. Royal Bank Of Canada set a $47.00 price objective on Legg Mason and gave the stock a "buy" rating in a report on Wednesday, October 18th. They issued an "outperform" rating and a $45.00 price objective on the stock. Zacks Investment Research lowered Legg Mason from a hold rating to a strong sell rating in a report on Monday, July 4th. Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $47.00 price target on shares of Legg Mason in a research note on Friday, September 29th.

On 5/1/2017 Ursula Schliessler, CAO, sold 1,745 with an average share price of $37.39 per share and the total transaction amounting to $65,245.55. Legg Mason now has an average rating of "Hold" and an average price target of $43.11. Also, the number of institutional investors holding Legg Mason BW Global Income Opportunities Fund Inc in their top 10 stock positions was flat from 1 to 1 for the same number. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities.

Legg Mason BW Global Income Opportunities Fund Inc.is a non-diversified, closed-end management investment company.



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