GSA Capital Partners LLP purchased a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 48,566 shares of the asset manager's stock, valued at approximately $853,000.
Other large investors have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco during the second quarter worth $30,000. Allworth Financial LP grew its holdings in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after buying an additional 1,806 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock valued at $60,000 after acquiring an additional 1,210 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Invesco in the 1st quarter worth $64,000. 66.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on IVZ. Royal Bank of Canada boosted their price target on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Barclays lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.63.
Check Out Our Latest Report on IVZ
Invesco Price Performance
Shares of Invesco stock traded down $0.07 on Friday, hitting $17.67. The company's stock had a trading volume of 2,610,003 shares, compared to its average volume of 3,951,461. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of -19.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 1 year low of $13.53 and a 1 year high of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a fifty day moving average price of $17.48 and a 200-day moving average price of $16.42.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business's revenue was down 20.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.
Invesco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's dividend payout ratio is presently -89.13%.
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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