Arrowstreet Capital Limited Partnership increased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 965.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 991,281 shares of the asset manager's stock after purchasing an additional 898,210 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.22% of Invesco worth $17,328,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the 3rd quarter worth about $1,428,196,000. Norges Bank acquired a new position in Invesco in the fourth quarter worth about $57,459,000. Amundi increased its holdings in Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock valued at $45,424,000 after buying an additional 1,472,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock valued at $15,982,000 after buying an additional 516,622 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in Invesco by 635.9% in the fourth quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager's stock worth $8,569,000 after purchasing an additional 423,621 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
Shares of Invesco stock traded up $1.52 during trading on Wednesday, hitting $13.66. 11,590,745 shares of the stock were exchanged, compared to its average volume of 4,202,537. The company has a fifty day moving average price of $16.24 and a 200-day moving average price of $17.22. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last announced 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%. As a group, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 6.00%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on IVZ shares. Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. UBS Group raised their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and reduced their price objective for the company from $22.00 to $13.00 in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.57.
Get Our Latest Stock Report on IVZ
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.
Recommended 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.
