Geode Capital Management LLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,248,480 shares of the asset manager's stock after acquiring an additional 93,126 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Invesco worth $179,666,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harmony Asset Management LLC grew its holdings in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock valued at $1,078,000 after purchasing an additional 600 shares during the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of Invesco by 3.8% during the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager's stock valued at $273,000 after buying an additional 669 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager's stock worth $1,001,000 after buying an additional 946 shares during the period. Fifth Third Bancorp boosted its holdings in Invesco by 6.1% during the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager's stock valued at $249,000 after acquiring an additional 963 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock worth $1,378,000 after acquiring an additional 1,020 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Stock Up 0.3 %
NYSE:IVZ traded up $0.05 during trading hours on Monday, reaching $18.09. 2,678,028 shares of the company traded hands, compared to its average volume of 4,110,171. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $17.90 and its two-hundred day moving average price is $16.76. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94. The stock has a market capitalization of $8.13 billion, a P/E ratio of -19.61, a P/E/G ratio of 1.06 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco's quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. Analysts predict that Invesco Ltd. will post 1.69 earnings per share for the current year.
Invesco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.53%. Invesco's dividend payout ratio is -89.13%.
Wall Street Analysts Forecast Growth
IVZ has been the subject of a number of analyst reports. Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.63.
Get 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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