Natixis cut its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 33.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,310 shares of the asset manager's stock after selling 213,150 shares during the quarter. Natixis owned approximately 0.10% of Invesco worth $7,557,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Invesco in the fourth quarter valued at about $57,459,000. CIBC Private Wealth Group LLC grew its stake in Invesco by 2,385.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after acquiring an additional 1,642,645 shares in the last quarter. Amundi raised its holdings in Invesco by 124.6% in the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager's stock valued at $45,424,000 after acquiring an additional 1,472,178 shares during 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, Canada Pension Plan Investment Board lifted its stake in Invesco by 216.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 661,800 shares of the asset manager's stock worth $11,568,000 after purchasing an additional 452,600 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Invesco Stock Down 1.0 %
Invesco stock traded down $0.14 during mid-day trading on Friday, reaching $13.93. 6,258,182 shares of the company's stock were exchanged, compared to its average volume of 4,307,181. 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 twelve month low of $11.60 and a twelve month high of $19.55. The company has a market cap of $6.24 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a fifty day moving average of $14.92 and a 200-day moving average of $16.85.
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 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 business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.33 earnings per share. Sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Increases Dividend
The company also recently announced 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. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 6.03%. Invesco's dividend payout ratio (DPR) is 67.20%.
Analysts Set New Price Targets
A number of brokerages recently commented on IVZ. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Citigroup cut their price objective 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. Morgan Stanley dropped their price target on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, 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. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.25.
View Our Latest Analysis on Invesco
Invesco 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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
