Gyroscope Capital Management Group buys $621,536 stake in Legg Mason Inc (LM)

Legg Mason Inc (LM) : Gyroscope Capital Management Group scooped up 116 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 8, 2016. The investment management firm now holds a total of 18,329 shares of Legg Mason Inc which is valued at $621,536.Legg Mason Inc makes up approximately 0.49% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. sold out all of its stake in LM during the most recent quarter. The investment firm sold 9,141 shares of LM which is valued $309,971. Howard Hughes Medical Institute sold out all of its stake in LM during the most recent quarter. The investment firm sold 3,379 shares of LM which is valued $114,548.California Public Employees Retirement System boosted its stake in LM in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 354,890 shares of Legg Mason Inc which is valued at $12,030,771. Legg Mason Inc makes up approx 0.02% of California Public Employees Retirement System’s portfolio.River Mercantile Asset Management Llp boosted its stake in LM in the latest quarter, The investment management firm added 36,000 additional shares and now holds a total of 89,861 shares of Legg Mason Inc which is valued at $2,827,926. Legg Mason Inc makes up approx 1.14% of River Mercantile Asset Management Llp’s portfolio.Murphy Pohlad Asset Management reduced its stake in LM by selling 1,050 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 49,345 shares of LM which is valued at $1,552,887. Legg Mason Inc makes up approx 1.12% of Murphy Pohlad Asset Management’s portfolio.

Legg Mason Inc opened for trading at $33.81 and hit $34.29 on the upside on Monday, eventually ending the session at $34.16, with a gain of 1.33% or 0.45 points. The heightened volatility saw the trading volume jump to 8,00,243 shares. Company has a market cap of $3,540 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.

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