Arkadios Wealth Advisors bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,456 shares of the asset manager's stock, valued at approximately $295,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. D.A. Davidson & CO. boosted its stake in Invesco by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock valued at $720,000 after purchasing an additional 755 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Invesco by 18.3% in the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock valued at $91,000 after purchasing an additional 801 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Invesco by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock valued at $2,677,000 after purchasing an additional 835 shares in the last quarter. CWM LLC boosted its position in shares of Invesco by 0.5% during the first quarter. CWM LLC now owns 163,434 shares of the asset manager's stock valued at $2,479,000 after buying an additional 862 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Invesco by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock valued at $2,808,000 after buying an additional 1,010 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Evercore ISI lifted their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Barclays increased their price target on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted their price objective on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.78.
Check Out Our Latest Stock Analysis on IVZ
Invesco Stock Performance
NYSE IVZ opened at $21.11 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.85. The business has a 50-day moving average price of $17.13 and a 200-day moving average price of $16.17. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.55.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion during 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 business's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. Invesco's payout ratio is 90.32%.
Invesco Company Profile
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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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