Wesleyan Assurance Society cut its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,873 shares of the asset manager's stock after selling 31,364 shares during the period. Wesleyan Assurance Society owned 0.08% of Invesco worth $6,518,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in IVZ. Norges Bank purchased a new position in Invesco during the fourth quarter valued at $57,459,000. AQR Capital Management LLC lifted its holdings in Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after purchasing an additional 2,264,551 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings 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 valued at $29,301,000 after purchasing an additional 1,642,645 shares in the last quarter. Amundi lifted its holdings 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 in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Invesco by 58.6% during the fourth 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 in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Trading Down 1.4%
IVZ stock traded down $0.20 during mid-day trading on Friday, hitting $14.38. 4,199,111 shares of the company were exchanged, compared to its average volume of 4,295,554. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.44 billion, a P/E ratio of 12.19, a PEG ratio of 0.98 and a beta of 1.47. The business has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $16.41. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.84%. Invesco's dividend payout ratio (DPR) is presently 67.20%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets increased their price objective 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. Citigroup reduced their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group increased their target price on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Finally, UBS Group increased their target price on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.25.
Get 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.
Further Reading
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
