Mufg Americas Holdings Cut 3M Co (MMM) Position; Olstein Capital Management LP Has Cut Legg Mason (LM) Position By $3.64 Million

December 8, 2017 - By Dolores Ford

Olstein Capital Management Lp decreased Legg Mason Inc (LM) stake by 21.85% reported in 2017Q2 SEC filing. Olstein Capital Management Lp sold 95,850 shares as Legg Mason Inc (LM)’s stock rose 3.81%. The Olstein Capital Management Lp holds 342,820 shares with $13.08M value, down from 438,670 last quarter. Legg Mason Inc now has $3.70 billion valuation. The stock increased 1.08% or $0.43 during the last trading session, reaching $40.25. About 539,618 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 21.07% since December 8, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.

Mufg Americas Holdings Corp decreased 3M Co (MMM) stake by 4.37% reported in 2017Q2 SEC filing. Mufg Americas Holdings Corp sold 7,532 shares as 3M Co (MMM)’s stock rose 7.02%. The Mufg Americas Holdings Corp holds 164,850 shares with $34.32M value, down from 172,382 last quarter. 3M Co now has $143.13B valuation. The stock increased 0.68% or $1.63 during the last trading session, reaching $240.3. About 1.37 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since December 8, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Investors sentiment increased to 1.02 in Q2 2017. Its up 0.27, from 0.75 in 2017Q1. It improved, as 25 investors sold LM shares while 105 reduced holdings. 53 funds opened positions while 80 raised stakes. 76.26 million shares or 1.07% more from 75.45 million shares in 2017Q1 were reported. Da Davidson And accumulated 2,600 shares. Oxbow Advsr Llc, a Texas-based fund reported 112,270 shares. Ballentine Partners Ltd Liability Corp owns 0.02% invested in Legg Mason, Inc. (NYSE:LM) for 7,185 shares. Johnson Group reported 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). 984,995 are held by Citadel Limited Liability Co. State Of New Jersey Common Pension Fund D invested in 0.17% or 1.08 million shares. Ing Groep Nv holds 10,379 shares. Citigroup Incorporated holds 0% or 25,476 shares. Atria Investments Ltd Liability Com has 0.02% invested in Legg Mason, Inc. (NYSE:LM) for 7,222 shares. Qcm Cayman accumulated 5,245 shares. Comerica Bankshares reported 622,516 shares. State Of Wisconsin Inv Board holds 17,224 shares. Convergence Inv Partners Ltd Limited Liability Company stated it has 157,340 shares. North Star Asset Mgmt holds 6,478 shares or 0.03% of its portfolio. 157,681 are owned by Nationwide Fund Advisors.

Among 14 analysts covering Legg Mason Inc. (NYSE:LM), 9 have Buy rating, 2 Sell and 3 Hold. Therefore 64% are positive. Legg Mason Inc. had 53 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Legg Mason, Inc. (NYSE:LM) has “Outperform” rating given on Thursday, August 20 by RBC Capital Markets. As per Thursday, October 5, the company rating was downgraded by Morgan Stanley. Barclays Capital initiated it with “Equal Weight” rating and $39 target in Friday, September 8 report. The stock of Legg Mason, Inc. (NYSE:LM) has “Neutral” rating given on Friday, August 11 by Citigroup. Jefferies maintained Legg Mason, Inc. (NYSE:LM) rating on Tuesday, March 29. Jefferies has “Buy” rating and $42 target. The firm earned “Buy” rating on Friday, November 10 by Keefe Bruyette & Woods. Wood maintained the shares of LM in report on Friday, October 14 with “Outperform” rating. The firm earned “Overweight” rating on Monday, August 3 by Piper Jaffray. On Monday, November 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Credit Suisse upgraded the shares of LM in report on Wednesday, March 16 to “Outperform” rating.

Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on February, 7. They expect $0.79 earnings per share, up 58.00% or $0.29 from last year’s $0.5 per share. LM’s profit will be $72.62 million for 12.74 P/E if the $0.79 EPS becomes a reality. After $0.79 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Olstein Capital Management Lp increased Goodyear Tire & Rubr Co (NASDAQ:GT) stake by 54,000 shares to 167,000 valued at $5.84 million in 2017Q2. It also upped Dineequity Inc (NYSE:DIN) stake by 27,540 shares and now owns 76,500 shares. Xperi Corp was raised too.

Mufg Americas Holdings Corp increased E Trade Financial Corp (NASDAQ:ETFC) stake by 9,666 shares to 10,474 valued at $398,000 in 2017Q2. It also upped Comcast Corp New (NASDAQ:CMCSA) stake by 16,809 shares and now owns 659,163 shares. Ishares Tr (IVV) was raised too.

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, April 26 by Stifel Nicolaus. Citigroup initiated 3M Company (NYSE:MMM) on Thursday, January 21 with “Buy” rating. The firm earned “Buy” rating on Tuesday, April 19 by Citigroup. The stock of 3M Company (NYSE:MMM) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. The firm earned “Buy” rating on Friday, July 24 by UBS. The stock of 3M Company (NYSE:MMM) has “Underperform” rating given on Friday, October 23 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies on Friday, May 26. The firm earned “Underperform” rating on Wednesday, December 16 by RBC Capital Markets. Jefferies maintained 3M Company (NYSE:MMM) on Tuesday, September 26 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, July 24 with “Underperform”.