Price T Rowe Associates Inc. MD raised its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 973,351 shares of the asset manager's stock after acquiring an additional 40,532 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.22% of Invesco worth $17,015,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of IVZ. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the third quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd increased its position in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,531 shares during the period. Crews Bank & Trust acquired a new stake in Invesco during the fourth quarter worth about $44,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. increased its stake in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
IVZ has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. UBS Group raised their price target on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Bank of America cut their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Citigroup decreased their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. One investment 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.com, Invesco has a consensus rating of "Hold" and a consensus price target of $17.25.
Check Out Our Latest Research Report on IVZ
Invesco Trading Up 1.3 %
Shares of Invesco stock traded up $0.19 during midday trading on Wednesday, reaching $14.37. The company had a trading volume of 558,991 shares, compared to its average volume of 4,274,860. The stock has a fifty day moving average price of $14.43 and a 200 day moving average price of $16.66. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The firm has a market cap of $6.43 billion, a PE ratio of 12.16, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period in the prior year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 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 3rd. Stockholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.85%. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's payout ratio is currently 67.20%.
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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