iSAM Funds UK Ltd bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,439 shares of the asset manager's stock, valued at approximately $759,000.
Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock worth $22,472,000 after acquiring an additional 188,041 shares in the last quarter. Bank of New York Mellon Corp raised its position in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Invesco in the 4th quarter worth approximately $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Invesco in the 4th quarter worth approximately $424,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock worth $867,000 after purchasing an additional 14,489 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on IVZ. JPMorgan Chase & Co. dropped their price objective 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. Royal Bank of Canada began coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. Evercore ISI boosted their price objective 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. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Bank of America dropped their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Invesco currently has an average rating of "Hold" and a consensus price target of $17.25.
Check Out Our Latest Report on IVZ
Invesco Price Performance
Shares of IVZ stock opened at $15.33 on Tuesday. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $14.30 and a 200-day moving average of $16.49.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.33 EPS. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is 67.20%.
Invesco Profile
(
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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