Invesco More Than Doubles Stake in Legg Mason to 6.2% Worth $234.6M - cbl

Posted February 9, 2012

We Recommend...

Contribute to Citybizlist, Share Your News

By Bill Murphy

ATLANTA --Invesco Ltd. (NYSE: IVZ) has more than doubled its stake in Legg Mason Inc. (NYSE: LM) to 6.20 percent worth $234.55 million, according to an SEC filing.

The Atlanta money manager said it owned 8.62 million shares in the Baltimore-based asset manager. The stake's value is based on the stock's closing price of $27.21 per share on Feb. 8.

Last September, Invesco held 4.27 million shares, representing a 3.06 percent stake worth $109.90 million, in Legg Mason.

Invesco holds its stake through Invesco Canada Ltd., Invesco Advisers Inc., Invesco PowerShares Capital Management, Invesco Investment Advisers LLC, Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco National Trust Company and Invesco PowerShares Capital Management Ireland Ltd.

Invesco, incorporated in 1935, operates under the Invesco, Trimark, Invesco Perpetual, Atlantic Trust, WL Ross and Powershares brand names. It has been led since 2005 by CEO Martin L. Flanagan.

Legg Mason had $627 billion in assets under management as of last yearend, up from $611.8 billion on Sept. 30.

Form 13G filing: http://tinyurl.com/86lluqs

Also, at citybizlist see:

Starwood, LeFrak, Invesco Plan $100M Renovation at South Beach Hotel

What Happened To Invesco Mortgage Capital

Disturbing Earnings Trends At T. Rowe, Legg Mason

Legg Mason Profit Falls 54% in Third Fiscal Quarter

Invesco Ltd.

To find out more about the company in this article and to see if you
have business connections, click below:

Invesco Ltd.