LBP AM SA trimmed its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 395,855 shares of the asset manager's stock after selling 17,263 shares during the period. LBP AM SA owned 0.09% of Invesco worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Stratos Wealth Partners LTD. boosted its stake in Invesco by 24.8% during the first quarter. Stratos Wealth Partners LTD. now owns 44,956 shares of the asset manager's stock worth $682,000 after buying an additional 8,922 shares during the period. Impax Asset Management Group plc lifted its position in shares of Invesco by 3.6% during the 1st quarter. Impax Asset Management Group plc now owns 77,334 shares of the asset manager's stock worth $1,173,000 after buying an additional 2,661 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Invesco by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock worth $720,000 after buying an additional 755 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after buying an additional 894,105 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Invesco in the 1st quarter valued at $843,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
IVZ has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $14.50 to $18.00 in a research report on Friday. Morgan Stanley raised their target price on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Citigroup dropped 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. Evercore ISI boosted their price target on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a report on Thursday. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.52.
Get Our Latest Stock Report on IVZ
Invesco Stock Performance
Shares of IVZ stock traded up $0.03 during trading on Friday, reaching $17.43. 2,664,670 shares of the company's stock were exchanged, compared to its average volume of 5,203,256. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7.80 billion, a PE ratio of 13.94, a PEG ratio of 1.98 and a beta of 1.48. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The firm's fifty day moving average price is $15.15 and its 200-day moving average price is $15.81.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.94% and a net margin of 13.14%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.21 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Wednesday, May 14th. Invesco's dividend payout ratio is 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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