U.S. Bancorp and J.P. Morgan Top Legg Mason Investment Counsel’s $431M Financial Sector Portfolio

Wall St. Watchdog reveals information regarding Legg Mason Investment Counsel’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 343 stocks in the Financial sector at the end of the quarter with an aggregate market value of $431.043 million.

  • U.s. Bancorp (NYSE:USB): On 06/30/2011, Legg Mason Investment Counsel reported holding 1,943,557 shares with a market value of $49,580,140. This comprised 1.21% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 1,866,432 shares with a market value of $43,935,811. This comprised 1.26% of the total portfolio. The net change in shares for this position over the two quarters is -77,125. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Legg Mason Investment Counsel reported holding 1,427,931 shares with a market value of $58,459,493. This comprised 1.43% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 1,451,060 shares with a market value of $43,705,928. This comprised 1.25% of the total portfolio. The net change in shares for this position over the two quarters is 23,129. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • American Express Company (NYSE:AXP): On 06/30/2011, Legg Mason Investment Counsel reported holding 917,175 shares with a market value of $47,417,948. This comprised 1.16% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 923,708 shares with a market value of $41,474,491. This comprised 1.19% of the total portfolio. The net change in shares for this position over the two quarters is 6,533. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • State Street Corp. (NYSE:STT): On 06/30/2011, Legg Mason Investment Counsel reported holding 947,271 shares with a market value of $42,712,450. This comprised 1.05% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 905,293 shares with a market value of $29,114,223. This comprised 0.84% of the total portfolio. The net change in shares for this position over the two quarters is -41,978. About Company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • Arch Capital Group Ltd. (NASDAQ:ACGL): On 06/30/2011, Legg Mason Investment Counsel reported holding 822,184 shares with a market value of $26,244,113. This comprised 0.64% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 822,866 shares with a market value of $26,891,261. This comprised 0.77% of the total portfolio. The net change in shares for this position over the two quarters is 682. About Company: Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that provides reinsurance and insurance products on a worldwide basis.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Legg Mason Investment Counsel reported holding 937,728 shares with a market value of $26,312,647. This comprised 0.64% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 832,523 shares with a market value of $20,080,455. This comprised 0.58% of the total portfolio. The net change in shares for this position over the two quarters is -105,205. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Affiliated Managers Group Inc. (NYSE:AMG): On 06/30/2011, Legg Mason Investment Counsel reported holding 140,777 shares with a market value of $14,281,826. This comprised 0.35% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 156,098 shares with a market value of $12,183,449. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is 15,321. About Company: Affiliated Managers Group, Inc. is a global asset management company that invests in boutique investment management firms. The Company allows the firms in which it invests operational autonomy while providing assistance in strategic matters, marketing, distribution, product development, and operations.
  • Ishares Msci Eafe Index (NYSE:EFA): On 06/30/2011, Legg Mason Investment Counsel reported holding 235,118 shares with a market value of $14,139,996. This comprised 0.35% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 219,195 shares with a market value of $10,473,137. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is -15,923. About Company: iShares MSCI EAFE Index Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective seeks investment results that correspond to the performance of the MSCI EAFE Index. The Fund will concentrate its investments in stocks in the MSCI EAFE Index to approximately the same extent the Index is so concentrated.
  • T. Rowe Price Group Inc. (NASDAQ:TROW): On 06/30/2011, Legg Mason Investment Counsel reported holding 198,592 shares with a market value of $11,983,041. This comprised 0.29% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 199,577 shares with a market value of $9,533,793. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 985. About Company: T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.
  • Ishares Msci Emerging Markets Index (NYSE:EEM): On 06/30/2011, Legg Mason Investment Counsel reported holding 271,072 shares with a market value of $12,903,027. This comprised 0.32% of the total portfolio. On 09/30/2011, Legg Mason Investment Counsel reported holding 247,417 shares with a market value of $8,684,336. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is -23,655. About Company: iShares MSCI Emerging Markets Index is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond generally to the price and yield performance of the MSCI TR Emerging Markets Index. The Fund will concentrate its investments in a particular industry or geographic region to approximately the same extent the Index is so concentrated.

(Note: Data regarding Legg Mason Investment Counsel’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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