Barclays Remains a Hold on Legg Mason (LM)

By Ryan Adsit

Barclays analyst Jeremy Campbell maintained a Hold rating on Legg Mason (LMResearch Report) yesterday and set a price target of $38.00. The company’s shares closed last Monday at $34.97.

According to TipRanks.com, Campbell is a 3-star analyst with an average return of 1.7% and a 53.2% success rate. Campbell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Victory Capital Holdings Inc, and Virtus Investment Partners.

Legg Mason has an analyst consensus of Hold, with a price target consensus of $40.25.

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Based on Legg Mason’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $43.84 million. In comparison, last year the company had a net profit of $70.23 million.

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Legg Mason, Inc. provides securities brokerage, trading and investment services. The firm’s segment includes Global Asset Management. The segment: Global Asset Management provides investment advisory services to institutional and individual clients and to company-sponsored investment funds.