Toronto Dominion Bank grew its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 160.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,851 shares of the asset manager's stock after acquiring an additional 265,289 shares during the quarter. Toronto Dominion Bank owned about 0.10% of Invesco worth $7,531,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Colonial Trust Co SC acquired a new position in Invesco in the fourth quarter valued at $38,000. Aster Capital Management DIFC Ltd increased its stake in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares during the last quarter. Crews Bank & Trust acquired a new position in Invesco in the fourth quarter valued at $44,000. Resona Asset Management Co. Ltd. acquired a new position in Invesco in the fourth quarter valued at $52,000. Finally, Assetmark Inc. increased its stake in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Stock Down 2.0%
Shares of IVZ stock traded down $0.29 during trading hours on Friday, reaching $14.46. The company had a trading volume of 5,142,205 shares, compared to its average volume of 4,320,606. 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 twelve month low of $11.60 and a twelve month high of $19.55. The company has a market capitalization of $6.47 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The stock's fifty day simple moving average is $14.15 and its 200 day simple moving average is $16.30.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results 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 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is 67.20%.
Wall Street Analyst Weigh In
Several research firms recently commented on IVZ. JPMorgan Chase & Co. dropped their target price on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. UBS Group upped their price target on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.25.
View Our Latest Analysis on IVZ
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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