Guggenheim Capital LLC cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 26.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,325 shares of the asset manager's stock after selling 22,966 shares during the period. Guggenheim Capital LLC's holdings in Invesco were worth $1,089,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Invesco in the 4th quarter worth approximately $57,459,000. CIBC Private Wealth Group LLC lifted its stake in Invesco by 2,385.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock worth $29,301,000 after purchasing an additional 1,642,645 shares in the last quarter. Amundi lifted its stake in Invesco by 124.6% in the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager's stock worth $45,424,000 after purchasing an additional 1,472,178 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Invesco by 965.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock worth $17,328,000 after purchasing an additional 898,210 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Invesco by 635.9% in the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager's stock worth $8,569,000 after purchasing an additional 423,621 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on IVZ shares. Wells Fargo & Company decreased their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reduced their price target on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Citigroup reduced their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group lifted their price target 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, JPMorgan Chase & Co. reduced their price target 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 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.25.
View Our Latest Stock Analysis on Invesco
Invesco Stock Up 0.1 %
IVZ stock traded up $0.01 during mid-day trading on Monday, reaching $13.94. The company had a trading volume of 5,102,327 shares, compared to its average volume of 4,306,573. 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 company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The firm has a fifty day simple moving average of $14.83 and a 200 day simple moving average of $16.81. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter last year, the business posted $0.33 EPS. Analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is currently 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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