Cerity Partners LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 274.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,704 shares of the asset manager's stock after buying an additional 366,094 shares during the quarter. Cerity Partners LLC owned 0.11% of Invesco worth $8,915,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of IVZ. State Street Corp grew its holdings in Invesco by 58.2% during the third quarter. State Street Corp now owns 25,414,143 shares of the asset manager's stock worth $348,174,000 after buying an additional 9,345,810 shares in the last quarter. Trian Fund Management L.P. grew its holdings in Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager's stock worth $1,404,885,000 after buying an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. grew its holdings in Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager's stock worth $1,201,550,000 after buying an additional 6,384,917 shares in the last quarter. Norges Bank bought a new stake in Invesco during the fourth quarter worth $58,133,000. Finally, BlackRock Inc. grew its holdings in Invesco by 5.6% during the first quarter. BlackRock Inc. now owns 47,752,801 shares of the asset manager's stock worth $783,146,000 after buying an additional 2,528,731 shares in the last quarter. Institutional investors own 66.09% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on IVZ. The Goldman Sachs Group cut their price objective on Invesco from $18.00 to $17.75 and set a "neutral" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods cut their price objective on Invesco from $21.00 to $19.50 and set an "outperform" rating on the stock in a research report on Wednesday, January 24th. TheStreet cut Invesco from a "b-" rating to a "c" rating in a research report on Friday, February 23rd. TD Cowen began coverage on Invesco in a research report on Thursday, January 4th. They issued an "outperform" rating and a $21.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on Invesco from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus price target of $17.38.
Read Our Latest Stock Report on Invesco
Invesco Price Performance
IVZ traded down $0.16 during trading on Monday, reaching $15.18. 2,888,947 shares of the company were exchanged, compared to its average volume of 4,666,668. The company's 50-day moving average is $15.83 and its two-hundred day moving average is $15.39. The company has a market cap of $6.82 billion, a price-to-earnings ratio of -20.51, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.71.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. Research analysts forecast that Invesco Ltd. will post 1.73 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were paid a $0.20 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.80 dividend on an annualized basis and a yield of 5.27%. Invesco's dividend payout ratio is currently -108.11%.
Invesco Company Profile
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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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