American Century Companies Inc. lessened its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 137,624 shares of the asset manager's stock after selling 86,140 shares during the quarter. American Century Companies Inc.'s holdings in Invesco were worth $2,406,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the 3rd quarter worth $35,000. Crews Bank & Trust bought a new position in Invesco during the fourth quarter worth $44,000. Assetmark Inc. grew its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after buying an additional 2,770 shares during the period. EverSource Wealth Advisors LLC increased its position in Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock valued at $65,000 after buying an additional 2,136 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Invesco during the fourth quarter worth approximately $123,000. 66.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on IVZ. UBS Group raised their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Citigroup cut their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and decreased their price objective for the company from $22.00 to $13.00 in a research note on Wednesday. Morgan Stanley boosted their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.10.
Read Our Latest Report on IVZ
Invesco Stock Up 0.5 %
Shares of Invesco stock traded up $0.07 on Friday, reaching $12.76. The company's stock had a trading volume of 7,808,107 shares, compared to its average volume of 4,233,122. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 0.98 and a beta of 1.26. 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 52 week low of $11.60 and a 52 week high of $19.55. The firm's fifty day simple moving average is $16.01 and its two-hundred day simple moving average is $17.15.
Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. Equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 6.43%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.
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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