Dynamic Technology Lab Private Ltd purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,291 shares of the asset manager's stock, valued at approximately $793,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of Invesco by 186.6% during 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 period. SVB Wealth LLC bought a new stake in shares of Invesco during the 1st quarter valued at $32,000. Summit Securities Group LLC bought a new stake in shares of Invesco during the 1st quarter valued at $41,000. Versant Capital Management Inc raised its stake in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after purchasing an additional 2,234 shares during the period. Finally, Curat Global LLC bought a new stake in shares of Invesco during the 1st quarter valued at $49,000. 66.09% of the stock is currently owned by institutional investors.
Invesco Price Performance
NYSE IVZ traded down $0.12 during trading on Friday, reaching $22.43. The company's stock had a trading volume of 2,512,728 shares, compared to its average volume of 3,450,205. The stock has a market capitalization of $10.00 billion, a PE ratio of 24.12, a P/E/G ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day moving average of $20.61 and a 200 day moving average of $16.78. Invesco Ltd. has a one year low of $11.60 and a one year high of $22.78.
Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The business had revenue of $1.10 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Invesco's dividend payout ratio is 90.32%.
Analyst Ratings Changes
IVZ has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Evercore ISI reiterated a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Morgan Stanley boosted their price objective on 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 upped their target price on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, Invesco currently has a consensus rating of "Hold" and a consensus target price of $19.38.
Check Out Our Latest Stock Report on Invesco
Insider Activity at Invesco
In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the transaction, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. This represents a 77.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.21% of the company's stock.
Invesco 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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