Brandywine Global Investment Management LLC Has $1.65 Million Stock Position in Invesco Ltd. $IVZ

Key Points

• Brandywine Global Investment Management LLC increased its stake in Invesco Ltd. by 16.0% in Q1, now holding 108,480 shares valued at approximately $1.65 million.
• Invesco reported mixed earnings results, with an EPS of $0.36 missing the consensus with a revenue of $1.10 billion for the quarter, up 2.2% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, reflecting an annualized yield of 4.0% with a dividend payout ratio of 90.32%.

Brandywine Global Investment Management LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 16.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,480 shares of the asset manager's stock after buying an additional 14,924 shares during the period. Brandywine Global Investment Management LLC's holdings in Invesco were worth $1,646,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Invesco by 15.1% during the 4th quarter. Northern Trust Corp now owns 6,361,463 shares of the asset manager's stock worth $111,198,000 after buying an additional 834,581 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock worth $67,551,000 after buying an additional 29,613 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Invesco by 14.1% in the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock worth $65,880,000 after purchasing an additional 466,400 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Down 0.5%

Shares of IVZ stock opened at $21.01 on Tuesday. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $21.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $18.17 and a 200-day moving average of $16.30. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.15 and a beta of 1.55.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. Invesco's dividend payout ratio is presently 90.32%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Morgan Stanley upped their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Barclays upped their target price on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and upped their target price for the stock from $17.50 to $25.00 in a report on Monday, July 21st. Finally, Evercore ISI upped their target price on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $18.78.

About Invesco

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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