Entropy Technologies LP raised its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 176.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,995 shares of the asset manager's stock after acquiring an additional 40,195 shares during the quarter. Entropy Technologies LP's holdings in Invesco were worth $1,101,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Harmony Asset Management LLC grew its position in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock worth $1,078,000 after buying an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in shares of Invesco by 4.5% during the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager's stock worth $335,000 after buying an additional 816 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock worth $1,378,000 after buying an additional 1,020 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock worth $248,000 after buying an additional 1,167 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after buying an additional 1,221 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on IVZ shares. Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. UBS Group lifted their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. TD Cowen decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Invesco has an average rating of "Hold" and a consensus target price of $19.94.
View Our Latest Research Report on IVZ
Invesco Stock Performance
Shares of NYSE IVZ traded up $0.06 during midday trading on Friday, reaching $18.48. 3,145,147 shares of the company traded hands, compared to its average volume of 4,270,905. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The stock has a 50-day moving average price of $17.85 and a 200 day moving average price of $17.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.06 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. Sell-side analysts anticipate that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.
Invesco Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Friday, February 14th. Invesco's payout ratio is currently 69.49%.
Invesco Company Profile
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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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