James Investment Research Inc. Trims Holdings in Legg Mason Inc (NYSE:LM) – Tech Know Bits
James Investment Research Inc. cut its position in Legg Mason Inc (NYSE:LM) by 47.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.70 and a beta of 1.49. Legg Mason’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Legg Mason Inc will post 3.64 EPS for the current year. Royal Bank of Canada increased their target price on shares of Legg Mason to $39.00 and gave the company an “in-line” rating in a report on Tuesday, May 14th.