California Public Employees Retirement System lessened its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 546,535 shares of the asset manager's stock after selling 82,683 shares during the quarter. California Public Employees Retirement System owned about 0.12% of Invesco worth $9,553,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco in the 3rd quarter valued at about $1,428,196,000. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 419,389 shares during the last quarter. State Street Corp boosted its holdings in Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock worth $369,823,000 after buying an additional 151,408 shares in the last quarter. Geode Capital Management LLC grew its position in Invesco by 0.9% in the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager's stock worth $179,666,000 after buying an additional 93,126 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Invesco by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after buying an additional 111,518 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Price Performance
NYSE IVZ traded up $0.07 during trading hours on Friday, reaching $12.76. 7,808,107 shares of the company's stock were exchanged, compared to its average volume of 4,233,122. The firm has a fifty day moving average of $16.01 and a 200-day moving average of $17.15. 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 one year low of $11.60 and a one year high of $19.55. The stock has a market cap of $5.71 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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, equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio is presently 69.49%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on IVZ shares. JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and dropped their target price for the stock from $22.00 to $13.00 in a research report on Wednesday. Finally, Evercore ISI reduced their price target on shares of Invesco from $18.00 to $13.00 and set an "in-line" rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus price target of $18.10.
View Our Latest Analysis on Invesco
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.
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