GAMMA Investing LLC boosted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1,715.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,085 shares of the asset manager's stock after purchasing an additional 324,183 shares during the period. GAMMA Investing LLC owned approximately 0.08% of Invesco worth $52,050,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in IVZ. Colonial Trust Co SC acquired a new stake in Invesco during the 4th quarter valued at $38,000. Aster Capital Management DIFC Ltd boosted its stake in Invesco by 180.5% during the 4th 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. Versant Capital Management Inc boosted its stake in 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 acquiring an additional 2,234 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Invesco during the 4th quarter valued at $52,000. Finally, Assetmark Inc. boosted its stake in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
IVZ has been the topic of a number of research analyst reports. Citigroup reduced their price objective on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI increased their price objective 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. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and reduced their price target for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, Barclays raised their price target on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus price target of $17.25.
Read Our Latest Stock Analysis on Invesco
Invesco Stock Performance
NYSE:IVZ traded down $0.01 during mid-day trading on Wednesday, hitting $14.44. The stock had a trading volume of 4,749,936 shares, compared to its average volume of 4,329,734. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a 50 day simple moving average of $14.10 and a 200-day simple moving average of $16.24. 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.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter last year, the company earned $0.33 EPS. On average, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.82%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.
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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