Woodline Partners LP acquired a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,991 shares of the asset manager's stock, valued at approximately $472,000.
Several other large investors have also made changes to their positions in the business. iSAM Funds UK Ltd purchased a new stake in shares of Invesco in the 4th quarter valued at $759,000. Twinbeech Capital LP purchased a new stake in shares of Invesco in the fourth quarter valued at approximately $525,000. Two Sigma Advisers LP raised its stake in shares of Invesco by 14.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock worth $65,880,000 after buying an additional 466,400 shares during the period. Tidal Investments LLC lifted its position in shares of Invesco by 6.1% during the 4th quarter. Tidal Investments LLC now owns 24,966 shares of the asset manager's stock valued at $436,000 after buying an additional 1,434 shares in the last quarter. Finally, Teza Capital Management LLC grew its stake in Invesco by 260.2% in the 4th quarter. Teza Capital Management LLC now owns 99,869 shares of the asset manager's stock valued at $1,746,000 after acquiring an additional 72,141 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Price Performance
Shares of Invesco stock traded up $0.29 during trading hours on Thursday, reaching $14.78. 6,538,934 shares of the company's stock were exchanged, compared to its average volume of 4,315,396. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The company has a market capitalization of $6.61 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The business has a fifty day moving average of $14.20 and a two-hundred day moving average of $16.34. 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 (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. As a group, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.68%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is currently 67.20%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Bank of America cut their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Argus boosted their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and cut their price target for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. The Goldman Sachs Group boosted their price target on shares of Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price target on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus price target of $17.25.
View Our Latest Analysis on IVZ
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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