Alliancebernstein L.P. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,380,191 shares of the asset manager's stock after acquiring an additional 31,854 shares during the period. Alliancebernstein L.P. owned approximately 1.42% of Invesco worth $111,526,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco during the third quarter valued at $1,428,196,000. Vanguard Group Inc. grew its holdings in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after buying an additional 419,389 shares during the last quarter. State Street Corp increased its position in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock valued at $369,823,000 after acquiring an additional 151,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager's stock worth $179,666,000 after acquiring an additional 93,126 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Invesco by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock valued at $77,320,000 after purchasing an additional 111,518 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Price Performance
Shares of Invesco stock traded down $0.24 during trading hours on Monday, reaching $12.58. The company's stock had a trading volume of 3,295,627 shares, compared to its average volume of 4,117,510. The firm has a 50 day moving average price of $16.85 and a 200-day moving average price of $17.37. 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 Ltd. has a one year low of $11.88 and a one year high of $19.55. The stock has a market cap of $5.63 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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%. On average, analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date was Friday, February 14th. Invesco's payout ratio is presently 69.49%.
Analyst Ratings Changes
Several equities research analysts recently commented on IVZ shares. Bank of America dropped their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays lifted their price objective on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.30.
Read 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.
Featured Stories
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
