Raymond James Financial Inc. purchased a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 113,188 shares of the asset manager's stock, valued at approximately $1,979,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Invesco by 14.8% during the third quarter. Daiwa Securities Group Inc. now owns 20,756 shares of the asset manager's stock worth $364,000 after buying an additional 2,669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Invesco by 9.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,669 shares of the asset manager's stock valued at $1,241,000 after acquiring an additional 5,878 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Invesco by 3.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager's stock worth $1,378,000 after acquiring an additional 2,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Invesco by 131.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock valued at $15,982,000 after purchasing an additional 516,622 shares during the last quarter. Finally, Vinva Investment Management Ltd increased its holdings in shares of Invesco by 34.6% in the third quarter. Vinva Investment Management Ltd now owns 35,321 shares of the asset manager's stock valued at $620,000 after purchasing an additional 9,078 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Price Performance
IVZ traded down $1.89 during trading on Thursday, reaching $13.81. 10,157,956 shares of the stock were exchanged, compared to its average volume of 4,094,893. 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 capitalization of $6.18 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $13.74 and a 1 year high of $19.55. The business's 50 day moving average price is $16.94 and its two-hundred day moving average price is $17.39.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.94%. Invesco's dividend payout ratio is presently 69.49%.
Analysts Set New Price Targets
IVZ has been the subject of several recent research reports. The Goldman Sachs Group decreased their price target on Invesco from $18.50 to $17.00 and set a "neutral" rating for the company in a report on Thursday. Morgan Stanley raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. UBS Group boosted their price target on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Invesco presently has a consensus rating of "Hold" and an average price target of $19.30.
Read Our Latest Stock Report on Invesco
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.
Featured Articles
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
