Quantinno Capital Management LP boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,430 shares of the asset manager's stock after purchasing an additional 79,898 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of Invesco worth $5,689,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after acquiring an additional 710 shares during the period. Arizona State Retirement System lifted its position in Invesco by 0.8% in the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock valued at $1,712,000 after purchasing an additional 812 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Invesco by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock valued at $2,677,000 after purchasing an additional 835 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Invesco by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock valued at $2,808,000 after purchasing an additional 1,010 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Barclays raised their price target on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 23rd. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Evercore ISI boosted their price target on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Invesco presently has an average rating of "Hold" and a consensus target price of $17.25.
Check Out Our Latest Analysis on IVZ
Invesco Price Performance
Shares of NYSE:IVZ traded down $0.22 during trading hours on Friday, hitting $14.36. 1,253,173 shares of the company's stock traded hands, compared to its average volume of 4,268,961. The company's fifty day simple moving average is $14.27 and its two-hundred day simple moving average is $16.45. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55.
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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 14th. 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 5.85%. Invesco's dividend payout ratio (DPR) is currently 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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