Brandywine Global Investment Management LLC lessened its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,556 shares of the asset manager's stock after selling 206,023 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Invesco were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco in the third quarter worth about $1,428,196,000. Vanguard Group Inc. increased its position in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after acquiring an additional 419,389 shares in the last quarter. State Street Corp raised its holdings in Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock worth $369,823,000 after acquiring an additional 151,408 shares during the last quarter. Geode Capital Management LLC lifted its position in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager's stock valued at $179,666,000 after acquiring an additional 93,126 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Invesco by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock valued at $77,320,000 after purchasing an additional 111,518 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
Shares of IVZ stock traded down $0.12 during trading hours on Monday, reaching $12.70. 10,658,359 shares of the company traded hands, compared to its average volume of 4,145,946. The firm has a 50-day moving average price of $16.75 and a 200 day moving average price of $17.34. The company has a market cap of $5.68 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 12-month low of $12.21 and a 12-month high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is 69.49%.
Analyst Upgrades and Downgrades
IVZ has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Citigroup reduced their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.30.
Get Our Latest Stock Report on IVZ
About Invesco
(
Free Report)
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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