Legg Mason, Inc. (NYSE:LM) registered a 5.68% increase, still its new closing price is 37.83% up from the company’s 1 year high of 35.13.It posted 0.57% gains in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The shares moved at $33.49, implying that brokerage firms see shares gaining about 21.81% in twelve months time.

Legg Mason, Inc. (LM) SEC Form 4 News

The stock is getting much attention these days as insiders are adding shares while they posted a 11.97% rise year to date. A 10% Owner at Legg Mason, Inc. (LM) acquired shares in a transaction closed on Wednesday January 18, 2017. Chen Tian Qiao bought 30,405 shares in the company at $31.58 each and collected $960,000 in proceeds. Chen Tian Qiao now owns 9,800,153 shares in the company after this transaction. A 10% Owner in the company, Chen Tian Qiao, disclosed a transaction on Tuesday January 10, 2017 that ended up generating $23,506,001 from the sale of 760,000 shares at $30.93 per share.

Legg Mason, Inc. (NYSE:LM) Upcoming Results on Tap

Legg Mason, Inc. will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $0.67 in that period. Sales during the quarter are predicted to arrive at $713.38 million.

Earnings surprise history: Last quarter, the company posted approximately $748.37 million in revenue and EPS of $0.63. The mean forecast was for $751.2 million and $0.58 a share, respectively. One quarter earlier, revenue for the stock was at $700.16 million, with earnings at $0.31/share.

Legg Mason, Inc. (LM) Brokerage Update 

Legg Mason, Inc. (LM) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Neutral by Credit Suisse, according to news reported on Wednesday March 16, 2016.Another important research note was issued by Susquehanna on Tuesday November 03, 2015.The firm upgraded LM to Neutral from Negative. Over the last six months and over the last three months, the shares of Legg Mason, Inc. (LM), have changed 2.21% and 17.38%, respectively.