Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,267 shares of the asset manager's stock, valued at approximately $424,000.
Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the third quarter valued at approximately $35,000. Crews Bank & Trust purchased a new position in Invesco during the fourth quarter valued at approximately $44,000. Assetmark Inc. raised its stake in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after buying an additional 2,770 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Invesco by 133.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after buying an additional 2,136 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Trading Down 1.7 %
Shares of Invesco stock traded down $0.28 during trading hours on Wednesday, hitting $15.70. The company's stock had a trading volume of 3,680,963 shares, compared to its average volume of 3,873,273. The firm has a fifty day moving average of $17.23 and a 200-day moving average of $17.44. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a twelve month low of $14.16 and a twelve month 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 posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 5.22%. Invesco's dividend payout ratio is presently 69.49%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on IVZ. TD Cowen decreased their price objective on Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Invesco currently has a consensus rating of "Hold" and a consensus target price of $19.94.
Check Out Our Latest Analysis on IVZ
Invesco Company 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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