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Nisa Investment Advisors LLC Sells 10,500 Shares of Legg Mason Inc (NYSE:LM) – Sundance Herald

Nisa Investment Advisors LLC decreased its holdings in shares of Legg Mason Inc (NYSE:LM) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.70 and a beta of 1.49. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Legg Mason Inc will post 3.64 EPS for the current year. Credit Suisse Group raised their target price on Legg Mason from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th.

First found on: sundanceherald.com