Legg Mason, Inc. (LM) Files Form 4 Insider Selling : Terence Johnson Sells 9,519 Shares

Legg Mason, Inc. (LM): Terence Johnson , Executive Vice President of Legg Mason, Inc. sold 9,519 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $31.65 per share for a total value of $301,276.34 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 2, 2016, Joseph A Sullivan (Chairman, President & CEO) sold 53,418 shares at $29.70 per share price.On Jan 27, 2016, W Allen Reed (director) purchased 10,000 shares at $29.68 per share price.Also, On Jan 27, 2016, Dennis M. Kass (director) purchased 3,500 shares at $29.80 per share price.On May 6, 2015, Ursula Schliessler (EVP & CAO) sold 1,518 shares at $55.32 per share price.

Shares of Legg Mason Inc (LM) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.65% at $31.9 with 18,06,318 shares getting traded. Post opening the session at $31.8, the shares hit an intraday low of $31.12 and an intraday high of $32.01 and the price vacillated in this range throughout the day. The company has a market cap of $3,436 M and the number of outstanding shares has been calculated to be 10,77,08,098 shares. The 52-week high of Legg Mason Inc is $55.88 and the 52-week low is $24.93.

Legg Mason Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Legg Mason Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 35 from a previous price target of $41 . The Rating was issued on May 2, 2016.Legg Mason Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 41 from a previous price target of $49 . The Rating was issued on Apr 25, 2016.Legg Mason Inc is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 16, 2016.Legg Mason Inc is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 38 from a previous price target of $43 . The Rating was issued on Feb 9, 2016.

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.

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