Azora Capital LP lowered its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 24.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,170,658 shares of the asset manager's stock after selling 383,378 shares during the period. Azora Capital LP owned 0.26% of Invesco worth $20,463,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. Baird Financial Group Inc. lifted its stake in Invesco by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 97,394 shares of the asset manager's stock worth $1,702,000 after purchasing an additional 1,556 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco by 2.4% in the 4th quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager's stock valued at $6,840,000 after buying an additional 9,018 shares in the last quarter. Algert Global LLC increased its stake in shares of Invesco by 5.6% in the 4th quarter. Algert Global LLC now owns 508,157 shares of the asset manager's stock worth $8,883,000 after acquiring an additional 26,887 shares during the last quarter. AXA S.A. purchased a new position in shares of Invesco during the 4th quarter worth $1,595,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Invesco by 15.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 76,279 shares of the asset manager's stock valued at $1,333,000 after acquiring an additional 9,946 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.
Invesco Stock Down 1.0 %
Invesco stock traded down $0.15 during midday trading on Tuesday, reaching $14.18. The company's stock had a trading volume of 4,933,392 shares, compared to its average volume of 4,289,475. The business has a 50-day simple moving average of $14.43 and a 200-day simple moving average of $16.66. The company has a market cap of $6.35 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.33 earnings per share. On average, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.92%. Invesco's dividend payout ratio (DPR) is presently 67.20%.
Analyst Ratings Changes
IVZ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Bank of America decreased their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and dropped their price target for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Invesco presently has an average rating of "Hold" and an average target price of $17.25.
Read Our Latest Research Report on Invesco
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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