Fox Run Management L.L.C. boosted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,448 shares of the asset manager's stock after purchasing an additional 17,123 shares during the period. Fox Run Management L.L.C.'s holdings in Invesco were worth $812,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of IVZ. Avior Wealth Management LLC grew its stake in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the 3rd quarter valued at about $35,000. Crews Bank & Trust acquired a new position in shares of Invesco during the 4th quarter worth about $44,000. Assetmark Inc. raised its holdings in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Invesco by 133.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after purchasing an additional 2,136 shares during the period. 66.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
IVZ has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report 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 report on Wednesday, January 29th. Argus boosted their price target on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.94.
Check Out Our Latest Research Report on IVZ
Invesco Price Performance
Shares of NYSE:IVZ traded down $0.36 during midday trading on Friday, hitting $15.20. The stock had a trading volume of 3,401,109 shares, compared to its average volume of 4,067,677. The company's 50-day moving average price is $17.14 and its 200-day moving average price is $17.41. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. 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 company has a market capitalization of $6.80 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.
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 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%. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is presently 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.
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