Cerity Partners LLC grew its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800,198 shares of the asset manager's stock after acquiring an additional 77,935 shares during the period. Cerity Partners LLC owned about 0.18% of Invesco worth $13,990,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of IVZ. D.A. Davidson & CO. lifted its holdings in Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after buying an additional 677 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after acquiring an additional 710 shares in the last quarter. Arizona State Retirement System increased its position in Invesco by 0.8% during the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock valued at $1,712,000 after purchasing an additional 812 shares during the period. Handelsbanken Fonder AB increased its position in Invesco by 1.6% during the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock valued at $1,346,000 after purchasing an additional 1,200 shares during the period. Finally, Blue Trust Inc. raised its holdings in Invesco by 18.0% in the 4th quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after purchasing an additional 1,221 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
IVZ has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price objective for the company. The Goldman Sachs Group dropped their target price on shares of Invesco from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.97.
Read Our Latest Stock Analysis on Invesco
Invesco Stock Performance
NYSE:IVZ traded up $0.30 during mid-day trading on Tuesday, hitting $13.27. 1,777,426 shares of the company traded hands, compared to its average volume of 4,234,046. 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 stock's fifty day moving average price is $15.90 and its 200-day moving average price is $17.12. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Announces Dividend
The company 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 6.18%. 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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
