Marshall Wace LLP boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 236.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,968 shares of the asset manager's stock after buying an additional 90,604 shares during the period. Marshall Wace LLP's holdings in Invesco were worth $2,254,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Invesco by 7,119.0% during the fourth quarter. NewEdge Advisors LLC now owns 12,561 shares of the asset manager's stock valued at $220,000 after purchasing an additional 12,387 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Invesco during the fourth quarter valued at about $1,551,000. Mariner LLC boosted its holdings in shares of Invesco by 20.0% in the 4th quarter. Mariner LLC now owns 97,895 shares of the asset manager's stock valued at $1,711,000 after buying an additional 16,299 shares in the last quarter. Barclays PLC grew its position in shares of Invesco by 12.6% in the 4th quarter. Barclays PLC now owns 2,662,773 shares of the asset manager's stock worth $46,543,000 after buying an additional 298,599 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Invesco in the 4th quarter worth approximately $234,000. Institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
Shares of Invesco stock traded up $0.48 during trading on Friday, hitting $14.40. 815,198 shares of the company's stock were exchanged, compared to its average volume of 4,276,148. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.98 and a beta of 1.26. The business has a 50-day simple moving average of $14.61 and a 200-day simple moving average of $16.75. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. Invesco's payout ratio is presently 67.20%.
Analysts Set New Price Targets
IVZ has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. UBS Group upped their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised their price target on Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.25.
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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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