Clearbridge Investments LLC reduced its stake in Invesco Ltd. (NYSE:IVZ) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,911,862 shares of the asset manager’s stock after selling 10,092 shares during the quarter. Clearbridge Investments LLC owned 0.47% of Invesco worth $69,859,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Brandywine Global Investment Management LLC boosted its stake in shares of Invesco by 2.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 368,067 shares of the asset manager’s stock valued at $13,450,000 after buying an additional 10,506 shares in the last quarter. Jefferies Group LLC purchased a new stake in shares of Invesco in the fourth quarter valued at approximately $1,007,000. Advisor Group Inc. boosted its stake in shares of Invesco by 9.8% in the fourth quarter. Advisor Group Inc. now owns 41,947 shares of the asset manager’s stock valued at $1,532,000 after buying an additional 3,729 shares in the last quarter. Quantitative Investment Management LLC boosted its stake in shares of Invesco by 1,536.0% in the fourth quarter. Quantitative Investment Management LLC now owns 227,400 shares of the asset manager’s stock valued at $8,309,000 after buying an additional 213,500 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Invesco by 5.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 58,625 shares of the asset manager’s stock valued at $2,142,000 after buying an additional 3,270 shares in the last quarter. Institutional investors own 82.31% of the company’s stock.
In other news, insider Annette Lege sold 5,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.31, for a total value of $171,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin M. Carome sold 25,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Invesco Ltd. (IVZ) opened at $34.52 on Tuesday. The stock has a market capitalization of $14,054.71, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.92 and a beta of 1.75. Invesco Ltd. has a 1-year low of $29.36 and a 1-year high of $38.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.86 million. During the same period in the previous year, the firm posted $0.59 earnings per share. Invesco’s revenue was up 16.3% on a year-over-year basis. analysts predict that Invesco Ltd. will post 3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invesco’s dividend payout ratio (DPR) is 42.34%.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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