Analysts at KBW Maintained their “Buy” rating for Legg Mason (LM). The Price Target is $43.0000, Guggenheim Build America Bonds Managed Duration Trust (GBAB) Sentiment Is 1.8

May 30, 2017 - By Vivian Currie

Among 11 analysts covering Legg Mason Inc. (NYSE:LM), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Legg Mason Inc. has $67 highest and $2 lowest target. $45.18’s average target is 21.13% above currents $37.3 stock price. Legg Mason Inc. had 34 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, March 29 the stock rating was maintained by Jefferies with “Buy”. On Thursday, September 10 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 3. Jefferies maintained the stock with “Buy” rating in Monday, July 11 report. Wood maintained the shares of LM in report on Thursday, September 3 with “Outperform” rating. The rating was upgraded by Danske Bank on Wednesday, August 26 to “Sell”. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, May 2. The stock of Legg Mason Inc (NYSE:LM) earned “Outperform” rating by Wood on Friday, October 14. The stock of Legg Mason Inc (NYSE:LM) has “Negative” rating given on Thursday, September 3 by Susquehanna. The stock of Legg Mason Inc (NYSE:LM) earned “Outperform” rating by Credit Suisse on Wednesday, March 16.

Guggenheim Taxable Municipal Managed Duration Trust, formerly Guggenheim Build America Bonds Managed Duration Trust, is a diversified closed-end management investment company. The company has market cap of $403.19 million. The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. It currently has negative earnings. Under normal market conditions, the Trust will invest approximately 80% of its managed assets in taxable municipal securities, including Build America Bonds .

The stock increased 0.13% or $0.03 on May 26, reaching $23.12. About shares traded. Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) has declined 1.00% since May 30, 2016 and is downtrending. It has underperformed by 17.70% the S&P500.

Doliver Capital Advisors Inc. holds 1.17% of its portfolio in Guggenheim Taxabl Mncpl Mngd Drtn Trst for 64,321 shares. Ashford Capital Management Inc owns 57,511 shares or 0.25% of their US portfolio. Moreover, Usca Ria Llc has 0.23% invested in the company for 70,605 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.19% in the stock. King Wealth Management Group Llc, a New York-based fund reported 13,073 shares.

Since January 9, 2017, it had 1 insider purchase, and 6 insider sales for $24.71 million activity. 29,744 Legg Mason Inc (NYSE:LM) shares with value of $1.07 million were sold by SULLIVAN JOSEPH A. 760,000 Legg Mason Inc (NYSE:LM) shares with value of $23.50M were sold by Chen Tian Qiao. Schliessler Ursula had sold 1,745 shares worth $65,246. $464,776 worth of Legg Mason Inc (NYSE:LM) shares were sold by Johnson Terence. $237,816 worth of Legg Mason Inc (NYSE:LM) was sold by Merchant Thomas C.

Investors sentiment increased to 1.01 in 2016 Q4. Its up 0.26, from 0.75 in 2016Q3. It increased, as 59 investors sold Legg Mason Inc shares while 85 reduced holdings. 56 funds opened positions while 89 raised stakes. 79.61 million shares or 2.04% more from 78.02 million shares in 2016Q3 were reported. Lsv Asset Mngmt has invested 0.07% in Legg Mason Inc (NYSE:LM). Oxbow Advsr holds 112,680 shares. Parametric Portfolio Assoc Limited Liability Company owns 472,270 shares or 0.02% of their US portfolio. The Ohio-based Huntington Bancshares has invested 0% in Legg Mason Inc (NYSE:LM). Winfield Assoc has 0% invested in Legg Mason Inc (NYSE:LM) for 70 shares. Blackrock Japan reported 65,586 shares. Jefferies Limited Liability Company invested 0.01% in Legg Mason Inc (NYSE:LM). Metropolitan Life invested in 84,432 shares or 0.02% of the stock. Mount Vernon Assocs Md accumulated 8,450 shares. Weiss Multi accumulated 0.32% or 222,255 shares. 273,264 are owned by Strategy Asset Managers Limited Liability Corporation. Retail Bank Of America De owns 404,542 shares for 0% of their portfolio. Illinois-based Coe Management Lc has invested 1.86% in Legg Mason Inc (NYSE:LM). Maltese Cap Lc has invested 0.05% in Legg Mason Inc (NYSE:LM). Laffer Invests has 47,595 shares for 0% of their portfolio.

Legg Mason, Inc. is a holding company. The company has market cap of $3.56 billion. The Firm and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, firms and municipalities. It has a 16.83 P/E ratio. The Firm operates through Global Asset Management segment.

Analysts await Legg Mason Inc (NYSE:LM) to report earnings on July, 26. They expect $0.58 earnings per share, up 87.10% or $0.27 from last year’s $0.31 per share. LM’s profit will be $55.36 million for 16.08 P/E if the $0.58 EPS becomes a reality. After $0.92 actual earnings per share reported by Legg Mason Inc for the previous quarter, Wall Street now forecasts -36.96% negative EPS growth.

The stock decreased 0.35% or $0.13 on May 26, reaching $37.3. About shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since May 30, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.