Toronto Dominion Bank increased its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 160.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 430,851 shares of the asset manager's stock after purchasing an additional 265,289 shares during the quarter. Toronto Dominion Bank owned approximately 0.10% of Invesco worth $7,531,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of IVZ. Colonial Trust Co SC bought a new position in Invesco in the fourth quarter worth approximately $38,000. Aster Capital Management DIFC Ltd grew 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 worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Crews Bank & Trust bought a new position in Invesco in the fourth quarter worth approximately $44,000. Resona Asset Management Co. Ltd. bought a new position in Invesco in the fourth quarter worth approximately $52,000. Finally, Assetmark Inc. grew its stake in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. Institutional investors own 66.09% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on IVZ shares. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and dropped their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. The Goldman Sachs Group increased their target price on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Citigroup dropped their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. UBS Group increased their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Barclays increased their target price on Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.25.
Check Out Our Latest Research Report on Invesco
Invesco Stock Performance
NYSE:IVZ traded up $0.26 during midday trading on Tuesday, hitting $14.64. The company's stock had a trading volume of 523,497 shares, compared to its average volume of 4,280,781. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The firm's 50 day moving average is $14.23 and its 200-day moving average is $16.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market cap of $6.55 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.98 and a beta of 1.47.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 8.18% and a net margin of 12.77%. During the same quarter last year, the business posted $0.33 EPS. Equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The business 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.74%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is presently 67.20%.
About Invesco
(
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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