Oak Thistle LLC acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,655 shares of the asset manager's stock, valued at approximately $738,000.
A number of other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in shares of Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after purchasing an additional 710 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Invesco by 1.6% in the first quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock worth $720,000 after purchasing an additional 755 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Invesco by 18.3% in the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock worth $91,000 after purchasing an additional 801 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Invesco by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock worth $2,677,000 after purchasing an additional 835 shares during the last quarter. Finally, CWM LLC grew its position in shares of Invesco by 0.5% in the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager's stock worth $2,479,000 after buying an additional 862 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Stock Down 0.6%
Invesco stock traded down $0.14 during mid-day trading on Monday, hitting $21.68. The company had a trading volume of 1,658,275 shares, compared to its average volume of 5,687,756. The company has a current ratio of 0.59, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average price is $16.09 and its two-hundred day moving average price is $15.92. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $21.84. The company has a market capitalization of $9.70 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 7.97% and a net margin of 10.68%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.43 earnings per share. The company's revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio (DPR) is 90.32%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on IVZ. Citigroup cut their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Bank of America cut their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. Finally, Evercore ISI lifted their price objective on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $18.78.
View Our Latest Stock Analysis on Invesco
Invesco Company 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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