Voloridge Investment Management LLC cut its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,713,138 shares of the asset manager's stock after selling 358,338 shares during the period. Voloridge Investment Management LLC owned approximately 0.60% of Invesco worth $47,426,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Invesco during the fourth quarter valued at $57,459,000. AQR Capital Management LLC grew its position in Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after acquiring an additional 2,264,551 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock worth $29,301,000 after acquiring an additional 1,642,645 shares during the last quarter. Amundi raised its position in Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock valued at $45,424,000 after purchasing an additional 1,472,178 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after purchasing an additional 1,232,359 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Trading Down 1.4%
Invesco stock traded down $0.20 during trading hours on Monday, hitting $14.38. The company had a trading volume of 4,199,111 shares, compared to its average volume of 4,295,554. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $6.44 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $16.39. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. 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 previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.84%. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio is currently 67.20%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. 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 report on Wednesday, April 16th. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Citigroup reduced their target price 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. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target for the company. Finally, BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Invesco has an average rating of "Hold" and an average target price of $17.25.
View Our Latest 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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