Barclays PLC grew its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,662,773 shares of the asset manager's stock after purchasing an additional 298,599 shares during the period. Barclays PLC owned approximately 0.59% of Invesco worth $46,543,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of IVZ. Vanguard Group Inc. lifted its stake in shares of Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after acquiring an additional 419,389 shares during the period. Geode Capital Management LLC boosted its holdings in Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares in the last quarter. Alliancebernstein L.P. grew its position in Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after buying an additional 31,854 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Invesco by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock valued at $77,320,000 after buying an additional 111,518 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Invesco during the 4th quarter valued at approximately $57,459,000. Institutional investors and hedge funds own 66.09% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on IVZ shares. Citigroup dropped their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Morgan Stanley dropped their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. UBS Group boosted their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Barclays increased their price target on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday. One equities 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 stock. Based on data from MarketBeat.com, Invesco has an average rating of "Hold" and an average price target of $17.25.
Read Our Latest Research Report on Invesco
Invesco Trading Up 1.9 %
IVZ traded up $0.25 during midday trading on Wednesday, hitting $13.74. The company's stock had a trading volume of 2,006,441 shares, compared to its average volume of 4,311,913. The firm has a market cap of $6.15 billion, a P/E ratio of 11.64, a PEG ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $16.92.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.33 earnings per share. On average, research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.
Invesco Profile
(
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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