Junto Capital Management Lp buys $49,825,470 stake in Legg Mason Inc (LM)

Legg Mason Inc (LM) : Junto Capital Management Lp scooped up 651,311 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 15, 2016. The investment management firm now holds a total of 1,478,062 shares of Legg Mason Inc which is valued at $49,825,470.Legg Mason Inc makes up approximately 7.23% of Junto Capital Management Lp’s portfolio.

Other Hedge Funds, Including , State Board Of Administration Of Florida Retirement System boosted its stake in LM in the latest quarter, The investment management firm added 13,240 additional shares and now holds a total of 164,913 shares of Legg Mason Inc which is valued at $5,633,428. Legg Mason Inc makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.New York State Teachers Retirement System reduced its stake in LM by selling 217 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 186,683 shares of LM which is valued at $6,181,074. Legg Mason Inc makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Checchi Capital Advisers boosted its stake in LM in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 1,871 shares of Legg Mason Inc which is valued at $61,949. Legg Mason Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Legg Mason Inc closed down -0.54 points or -1.56% at $34.05 with 8,43,170 shares getting traded on Thursday. Post opening the session at $34.71, the shares hit an intraday low of $33.835 and an intraday high of $34.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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