Invesco Ltd. (NYSE:IVZ) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in Invesco Ltd. (NYSE:IVZ) by 68.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the 3rd quarter valued at about $35,000. Crews Bank & Trust acquired a new stake in Invesco during the fourth quarter valued at approximately $44,000. Assetmark Inc. boosted its holdings in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after buying an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Invesco by 133.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after buying an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Invesco in the fourth quarter valued at $123,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IVZ shares. Wells Fargo & Company lifted their target price on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, 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 report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.66.

Invesco Price Performance

Shares of NYSE:IVZ opened at $15.73 on Thursday. The business has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $17.41. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.21%. Invesco’s dividend payout ratio (DPR) is 69.49%.

Invesco Company Profile

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.