BNP Paribas Financial Markets cut its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,888,286 shares of the asset manager's stock after selling 260,817 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.42% of Invesco worth $28,645,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its stake in Invesco by 11.3% in the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock valued at $107,455,000 after buying an additional 721,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Invesco by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock valued at $67,551,000 after buying an additional 29,613 shares during the last quarter. Two Sigma Advisers LP grew its stake in Invesco by 14.1% in the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock valued at $65,880,000 after buying an additional 466,400 shares during the last quarter. Deutsche Bank AG grew its stake in Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after buying an additional 1,232,359 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Invesco in the 1st quarter valued at $29,138,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on IVZ shares. Barclays raised their target price on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 23rd. Morgan Stanley raised their target price on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group increased their price target on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a report on Friday, June 27th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and increased their price target for the company from $17.50 to $25.00 in a report on Monday, July 21st. Finally, Zacks Research raised shares of Invesco to a "hold" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.38.
Check Out Our Latest Research Report on IVZ
Invesco Price Performance
Shares of NYSE:IVZ traded up $0.01 during midday trading on Friday, reaching $21.97. 2,834,005 shares of the company's stock were exchanged, compared to its average volume of 3,639,105. The company's 50 day simple moving average is $20.03 and its two-hundred day simple moving average is $16.61. The firm has a market capitalization of $9.80 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $22.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30.
Invesco (NYSE:IVZ - Get Free Report) last released 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.Invesco's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco's dividend payout ratio (DPR) is presently 90.32%.
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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