Y Intercept Hong Kong Ltd raised its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 89.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 91,500 shares of the asset manager's stock after purchasing an additional 43,077 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Invesco were worth $1,388,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in IVZ. Vanguard Group Inc. raised its stake in shares of Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after buying an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Invesco by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock valued at $351,430,000 after acquiring an additional 274,134 shares during the period. Geode Capital Management LLC raised its position in Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after purchasing an additional 134,726 shares in the last quarter. AQR Capital Management LLC lifted its stake 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 worth $142,385,000 after purchasing an additional 2,264,551 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after purchasing an additional 31,854 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price 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. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and upped their price objective for the stock from $17.50 to $25.00 in a research note on Monday, July 21st. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Citigroup reduced their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, The Goldman Sachs Group raised their price target on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a report on Friday, June 27th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Invesco presently has an average rating of "Hold" and a consensus price target of $18.78.
View Our Latest Stock Analysis on IVZ
Invesco Price Performance
Shares of NYSE IVZ traded up $0.36 during mid-day trading on Friday, hitting $21.79. 4,955,027 shares of the stock traded hands, compared to its average volume of 8,189,956. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $21.84. The firm has a 50 day simple moving average of $16.09 and a two-hundred day simple moving average of $15.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 1.37. The company has a market cap of $9.75 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a return on equity of 7.97% and a net margin of 10.68%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio (DPR) is presently 90.32%.
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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