abrdn plc decreased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 86.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,056 shares of the asset manager's stock after selling 497,184 shares during the quarter. abrdn plc's holdings in Invesco were worth $1,410,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. Northern Trust Corp grew its position in shares of Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager's stock worth $86,306,000 after buying an additional 1,395,023 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco by 52.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager's stock worth $33,919,000 after purchasing an additional 799,977 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Invesco during the 4th quarter worth $9,259,000. Barclays PLC raised its stake in Invesco by 36.1% in the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager's stock valued at $26,907,000 after buying an additional 492,032 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Invesco by 26.4% in the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager's stock valued at $27,913,000 after buying an additional 402,098 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
Invesco stock traded down $0.29 during midday trading on Tuesday, hitting $14.17. 6,135,679 shares of the company were exchanged, compared to its average volume of 4,777,643. The firm has a market capitalization of $6.37 billion, a PE ratio of -18.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The business has a fifty day simple moving average of $15.67 and a two-hundred day simple moving average of $15.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.01 and a current ratio of 5.01.
Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. On average, sell-side analysts forecast that Invesco Ltd. will post 1.68 earnings per share for the current year.
Invesco Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a $0.205 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Monday, May 13th. Invesco's dividend payout ratio (DPR) is presently -106.67%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. UBS Group decreased their price target on Invesco from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, January 29th. BMO Capital Markets reiterated a "market perform" rating and issued a $17.00 price target (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price target on Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a research note on Thursday, January 18th. Finally, TheStreet cut Invesco from a "b-" rating to a "c" rating in a research note on Friday, February 23rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $16.79.
Read Our Latest Research Report on Invesco
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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