Chesapeake Granite Wash Trust (CHKR) to pay $0.05 on May 31, 2018; Legg Mason (LM)’s Sentiment Is 1.52

May 17, 2018 - By Hazel Jackson

Legg Mason, Inc. (NYSE:LM) Logo

Chesapeake Granite Wash Trust (NYSE:CHKR) is expected to pay $0.05 on May 31, 2018. (NYSE:CHKR) shareholders before May 18, 2018 will receive the $0.05 dividend. Chesapeake Granite Wash Trust’s current price of $1.80 translates into 2.61% yield. Chesapeake Granite Wash Trust’s dividend has May 21, 2018 as record date. May 4, 2018 is the announcement. The stock increased 2.86% or $0.05 during the last trading session, reaching $1.8. About 302,724 shares traded or 148.62% up from the average. Chesapeake Granite Wash Trust (NYSE:CHKR) has declined 50.98% since May 17, 2017 and is downtrending. It has underperformed by 62.53% the S&P500.

Legg Mason Inc (LM) investors sentiment increased to 1.52 in Q4 2017. It’s up 0.51, from 1.01 in 2017Q3. The ratio increased, as 164 institutional investors increased or opened new holdings, while 108 cut down and sold their equity positions in Legg Mason Inc. The institutional investors in our database now possess: 74.56 million shares, down from 74.95 million shares in 2017Q3. Also, the number of institutional investors holding Legg Mason Inc in top ten holdings increased from 3 to 4 for an increase of 1. Sold All: 20 Reduced: 88 Increased: 104 New Position: 60.

Legg Mason, Inc. is a publicly owned asset management holding company. The company has market cap of $3.29 billion. Through its subsidiaries, the firm provides investment management and related services to company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients. It has a 10.75 P/E ratio. It launches and manages equity, fixed income, and multi-asset customized portfolios through its subsidiaries.

Another recent and important Legg Mason, Inc. (NYSE:LM) news was published by Seekingalpha.com which published an article titled: “Legg Mason (LM) Q4 2018 Results – Earnings Call Transcript” on April 26, 2018.

The stock decreased 0.21% or $0.08 during the last trading session, reaching $38.87. About 1.46M shares traded or 79.04% up from the average. Legg Mason, Inc. (LM) has risen 12.20% since May 17, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Analysts await Legg Mason, Inc. (NYSE:LM) to report earnings on July, 25. They expect $0.82 earnings per share, up 24.24% or $0.16 from last year’s $0.66 per share. LM’s profit will be $69.32M for 11.85 P/E if the $0.82 EPS becomes a reality. After $0.86 actual earnings per share reported by Legg Mason, Inc. for the previous quarter, Wall Street now forecasts -4.65% negative EPS growth.

Park Circle Co holds 13.32% of its portfolio in Legg Mason, Inc. for 573,000 shares. Clarkston Capital Partners Llc owns 3.30 million shares or 5.38% of their US portfolio. Moreover, Valueworks Llc has 4.01% invested in the company for 128,597 shares. The Illinois-based Graybill Bartz & Assoc Ltd has invested 2.39% in the stock. Seminole Management Co. Inc., a New York-based fund reported 308,873 shares.

Investors sentiment increased to 1 in Q4 2017. Its up 0.12, from 0.88 in 2017Q3. It is positive, as 2 investors sold Chesapeake Granite Wash Trust shares while 5 reduced holdings. 3 funds opened positions while 4 raised stakes. 720,588 shares or 296.81% more from 181,593 shares in 2017Q3 were reported. Morgan Stanley owns 25,762 shares or 0% of their US portfolio. Two Sigma Ltd Liability Com invested in 0% or 51,883 shares. Hanson Mcclain Inc has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 1,142 shares. Jpmorgan Chase Co accumulated 0% or 250 shares. The Pennsylvania-based Susquehanna Int Limited Liability Partnership has invested 0% in Chesapeake Granite Wash Trust (NYSE:CHKR). Virtu Finance Lc has invested 0.01% in Chesapeake Granite Wash Trust (NYSE:CHKR). 1,000 are owned by Vantage Investment Lc. Citadel Advisors Ltd Liability Corporation holds 0% or 46,329 shares. Natl Bank Of America De reported 0% in Chesapeake Granite Wash Trust (NYSE:CHKR). Renaissance Technologies Lc has 180,989 shares. Deutsche Bank Ag reported 182,968 shares. Cetera Advisor Netwr Lc has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 15,485 shares. Royal Comml Bank Of Canada holds 100 shares or 0% of its portfolio. Wells Fargo & Communication Mn owns 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 4,070 shares. 2,000 are owned by Pnc Finance Gru.

Chesapeake Granite Wash Trust owns royalty interests in the oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. The company has market cap of $84.15 million. The firm has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area. It has a 6.32 P/E ratio. As of December 31, 2016, its reserve estimates for the royalty interests included 6,601 thousand barrels of oil equivalent of proved developed reserves.

Legg Mason, Inc. (NYSE:LM) Institutional Positions Chart

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By1 Hazel Jackson

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