Proficio Capital Partners LLC acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 42,074 shares of the asset manager's stock, valued at approximately $735,000.
Several other large investors also recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco in the third quarter worth approximately $1,428,196,000. State Street Corp boosted its stake in Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock worth $369,823,000 after purchasing an additional 151,408 shares during the last quarter. Geode Capital Management LLC boosted its stake in Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager's stock worth $179,666,000 after purchasing an additional 93,126 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock valued at $79,738,000 after buying an additional 87,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Invesco by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock valued at $77,320,000 after buying an additional 111,518 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Trading Down 1.7 %
IVZ stock traded down $0.28 during mid-day trading on Wednesday, hitting $15.70. 3,680,963 shares of the company were exchanged, compared to its average volume of 3,873,273. The business has a fifty day simple moving average of $17.23 and a 200-day simple moving average of $17.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The firm has a market capitalization of $7.03 billion, a P/E ratio of 13.30, a PEG ratio of 0.98 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. On average, equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.22%. Invesco's dividend payout ratio (DPR) is 69.49%.
Analyst Ratings Changes
IVZ has been the subject of several research reports. UBS Group upped their price objective 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. BMO Capital Markets upped their price target on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley upped their target price on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven 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 an average rating of "Hold" and a consensus target price of $19.94.
Get Our Latest Stock Analysis 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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