Impact Partnership Wealth LLC bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,339 shares of the asset manager's stock, valued at approximately $248,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in shares of Invesco in the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd boosted its position in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,531 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $52,000. Versant Capital Management Inc boosted its position in Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after buying an additional 2,234 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in Invesco in the first quarter valued at approximately $49,000. 66.09% of the stock is owned by institutional investors and hedge funds.
Invesco Stock Up 4.8%
IVZ stock traded up $0.97 during mid-day trading on Tuesday, hitting $21.17. The stock had a trading volume of 10,148,864 shares, compared to its average volume of 4,714,125. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.81. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $21.65. The company has a fifty day moving average of $15.52 and a 200 day moving average of $15.78. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.72 and a beta of 1.48.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.94% and a net margin of 13.14%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.43 EPS. The business's revenue was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.97%. Invesco's dividend payout ratio (DPR) is currently 67.20%.
Analyst Ratings Changes
A number of research analysts have weighed in on IVZ shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Barclays increased their price target on shares of Invesco from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Morgan Stanley increased their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus price target of $18.45.
Get Our Latest Stock Analysis on Invesco
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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