ABC Arbitrage SA acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 33,845 shares of the asset manager's stock, valued at approximately $513,000.
Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in shares of Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after purchasing an additional 1,282 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Invesco in the 4th quarter worth $38,000. Aster Capital Management DIFC Ltd boosted its holdings in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Invesco during the fourth quarter valued at about $52,000. Finally, Versant Capital Management Inc grew its position in Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after acquiring an additional 2,234 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.
Invesco Stock Up 0.8%
IVZ stock opened at $21.16 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 0.88. The firm has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $16.14. The company has a market capitalization of $9.47 billion, a P/E ratio of 22.75, a PEG ratio of 1.14 and a beta of 1.55. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.85.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's payout ratio is currently 90.32%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on IVZ shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Morgan Stanley lifted their price target on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group increased their price objective on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Evercore ISI raised their target price on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. Finally, Barclays upped their price target on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Invesco currently has a consensus rating of "Hold" and an average target price of $18.78.
Read Our Latest Stock Analysis on IVZ
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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