Asset Management One Co. Ltd. grew its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 867.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,108 shares of the asset manager's stock after buying an additional 74,518 shares during the period. Asset Management One Co. Ltd.'s holdings in Invesco were worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter worth $35,000. Allworth Financial LP boosted its holdings in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new position in Invesco during the fourth quarter worth $44,000. Finally, Truvestments Capital LLC acquired a new position in Invesco during the third quarter worth $76,000. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Trading Down 2.0 %
NYSE IVZ traded down $0.36 during trading hours on Friday, hitting $17.50. The company's stock had a trading volume of 3,270,279 shares, compared to its average volume of 4,203,676. The stock has a fifty day moving average of $17.84 and a 200 day moving average of $17.50. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.86 billion, a P/E ratio of 14.83, a PEG ratio of 1.00 and a beta of 1.43. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.77% and a return on equity of 8.18%. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on IVZ shares. Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Barclays raised their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. TD Cowen lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target on the stock. 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.94.
Check Out Our Latest Analysis on Invesco
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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