Legg Mason Inc (LM) : Murphy Pohlad Asset Management reduced its stake in Legg Mason Inc by 20.28% during the most recent quarter end. The investment management company now holds a total of 39,340 shares of Legg Mason Inc which is valued at $1,259,667 after selling 10,005 shares in Legg Mason Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Legg Mason Inc makes up approximately 0.96% of Murphy Pohlad Asset Management’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in LM by selling 660 shares or 75.09% in the most recent quarter. The Hedge Fund company now holds 219 shares of LM which is valued at $7,260.Fisher Asset Management boosted its stake in LM in the latest quarter, The investment management firm added 82,200 additional shares and now holds a total of 229,399 shares of Legg Mason Inc which is valued at $7,604,577. Legg Mason Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in LM by selling 3,734 shares or 13.69% in the most recent quarter. The Hedge Fund company now holds 23,549 shares of LM which is valued at $787,243. Legg Mason Inc makes up approx 0.02% of Exxonmobil Investment Management Inc Tx’s portfolio. North Star Asset Management Inc added LM to its portfolio by purchasing 6,478 company shares during the most recent quarter which is valued at $222,131. Legg Mason Inc makes up approx 0.03% of North Star Asset Management Inc’s portfolio.
Legg Mason Inc closed down -1.14 points or -3.44% at $32.01 with 12,57,885 shares getting traded on Tuesday. Post opening the session at $32.93, the shares hit an intraday low of $31.65 and an intraday high of $32.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.