Whipplewood Advisors LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 24,803.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,519 shares of the asset manager's stock after purchasing an additional 59,280 shares during the period. Whipplewood Advisors LLC's holdings in Invesco were worth $903,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Colonial Trust Co SC purchased a new stake in shares of Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd grew its stake in Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after buying an additional 1,531 shares during the period. Versant Capital Management Inc increased its position in shares of Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after acquiring an additional 2,234 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco in the 4th quarter valued at $52,000. Finally, Assetmark Inc. raised its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on IVZ. TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and decreased their price target for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Citigroup lowered their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Morgan Stanley reduced their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI increased their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.25.
View Our Latest Research Report on IVZ
Invesco Stock Down 1.3%
Shares of IVZ traded down $0.19 during midday trading on Thursday, hitting $14.23. The company had a trading volume of 5,911,651 shares, compared to its average volume of 4,341,131. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.98 and a beta of 1.49. The company's 50 day moving average price is $14.08 and its 200 day moving average price is $16.23. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. 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 announced its quarterly earnings data 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 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 analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.33 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.90%. Invesco's dividend payout ratio (DPR) is 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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