Legg Mason INC (LM) Holder American Financial Group INC Trimmed Stake by $3.42 Million as Stock Price Rose

Legg Mason, Inc. (NYSE:LM) LogoInvestors sentiment decreased to 0.94 in 2019 Q2. Its down 0.56, from 1.5 in 2019Q1. It dropped, as 32 investors sold LM shares while 94 reduced holdings. 50 funds opened positions while 68 raised stakes. 74.07 million shares or 5.63% more from 70.12 million shares in 2019Q1 were reported. Utah Retirement stated it has 16,025 shares or 0.01% of all its holdings. Captrust Advsrs invested 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Shufro Rose Company Llc reported 0.02% stake. Nj State Employees Deferred Compensation Plan reported 16,000 shares stake. Yorktown Mgmt Research owns 0.09% invested in Legg Mason, Inc. (NYSE:LM) for 5,900 shares. 1.53M were accumulated by Invesco Limited. Cornerstone Advisors accumulated 0% or 1,128 shares. State Common Retirement Fund holds 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 383,716 shares. Quantitative Systematic Strategies Limited Liability Com owns 0.08% invested in Legg Mason, Inc. (NYSE:LM) for 11,558 shares. Los Angeles Capital Equity Rech Inc accumulated 336,960 shares or 0.07% of the stock. Comerica Commercial Bank holds 146,070 shares or 0.04% of its portfolio. Tarbox Family Office reported 0% in Legg Mason, Inc. (NYSE:LM). Retail Bank Of Hawaii holds 11,335 shares. Bank Of Montreal Can owns 5,042 shares. Cubist Systematic Strategies Lc has 90,114 shares for 0.06% of their portfolio.

American Financial Group Inc decreased its stake in Legg Mason Inc (LM) by 40% based on its latest 2019Q2 regulatory filing with the SEC. American Financial Group Inc sold 90,000 shares as the company’s stock rose 11.39% . The institutional investor held 135,000 shares of the finance company at the end of 2019Q2, valued at $5.17 million, down from 225,000 at the end of the previous reported quarter. American Financial Group Inc who had been investing in Legg Mason Inc for a number of months, seems to be less bullish one the $3.46 billion market cap company. The stock decreased 0.38% or $0.15 during the last trading session, reaching $39.61. About 375,669 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 9.96% since September 13, 2018 and is uptrending. It has outperformed by 9.96% the S&P500.

Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on October, 23. They expect $0.90 earnings per share, up 11.11 % or $0.09 from last year’s $0.81 per share. LM’s profit will be $78.57 million for 11.00 P/E if the $0.90 EPS becomes a reality. After $0.75 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

More notable recent Legg Mason, Inc. (NYSE:LM) news were published by: Streetinsider.com which released: “Wells Fargo Downgrades Legg Mason (LM) to Market Perform – StreetInsider.com” on September 13, 2019, also Seekingalpha.com with their article: “Trian Fund bought an activist stake in Legg Mason in 2Q19, reduced stake in PPG Industries – Seeking Alpha” published on August 21, 2019, Seekingalpha.com published: “Legg Mason reports August AUM of $776.8B – Seeking Alpha” on September 12, 2019. More interesting news about Legg Mason, Inc. (NYSE:LM) were released by: Bizjournals.com and their article: “Under Armour, Medifast among stocks falling as Trump’s trade war with China escalates – Baltimore Business Journal” published on August 23, 2019 as well as Streetinsider.com‘s news article titled: “Legg Mason (LM) Announces August AUM of $776.8 billion – StreetInsider.com” with publication date: September 12, 2019.

Legg Mason, Inc. (NYSE:LM) Institutional Positions Chart

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