Arizona State Retirement System Purchases 1,429 Shares of Legg Mason Inc (NYSE:LM) – Mayfield Recorder
Other hedge funds have also added to or reduced their stakes in the company. Retirement Systems of Alabama now owns 111,353 shares of the asset manager’s stock worth $3,048,000 after purchasing an additional 461 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Legg Mason by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 34,680 shares of the asset manager’s stock worth $1,328,000 after purchasing an additional 489 shares during the period. Credit Suisse Group upped their price objective on shares of Legg Mason from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. The stock has a market capitalization of $3.18 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.70 and a beta of 1.49.