Algert Global LLC raised its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,157 shares of the asset manager's stock after purchasing an additional 26,887 shares during the quarter. Algert Global LLC owned 0.11% of Invesco worth $8,883,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of IVZ. Vanguard Group Inc. boosted its position in shares of Invesco by 0.8% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after acquiring an additional 274,134 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after purchasing an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Invesco by 0.5% in 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 during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.
Invesco Stock Performance
Shares of NYSE:IVZ traded up $0.07 during trading on Friday, hitting $14.82. 4,056,047 shares of the company were exchanged, compared to its average volume of 4,291,715. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The stock has a 50 day moving average of $14.31 and a 200 day moving average of $16.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The company has a market cap of $6.63 billion, a PE ratio of 12.56, a P/E/G ratio of 0.98 and a beta of 1.47.
Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during 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 company earned $0.33 EPS. As a group, 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 will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 5.67%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Bank of America decreased their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Citigroup reduced their price target 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.25.
View Our Latest Stock Report on IVZ
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.
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