Amundi Raises Position in Invesco Ltd. (NYSE:IVZ)

Amundi grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 124.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,653,259 shares of the asset manager's stock after buying an additional 1,472,178 shares during the period. Amundi owned approximately 0.59% of Invesco worth $45,424,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after buying an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the third quarter worth approximately $35,000. Crews Bank & Trust purchased a new position in shares of Invesco during the fourth quarter valued at approximately $44,000. Assetmark Inc. lifted its position in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Invesco in the third quarter worth approximately $76,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Down 0.1 %

Shares of Invesco stock opened at $15.23 on Thursday. The company has a fifty day moving average of $17.52 and a 200 day moving average of $17.52. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company has a market capitalization of $6.81 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

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Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed 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. This represents a $0.82 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price 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. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada initiated coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Invesco presently has an average rating of "Hold" and a consensus price target of $19.94.

Invesco Company Profile

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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