Ieq Capital LLC grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 635.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 490,242 shares of the asset manager's stock after buying an additional 423,621 shares during the period. Ieq Capital LLC owned approximately 0.11% of Invesco worth $8,569,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its holdings in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco during the third quarter worth about $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Invesco in the 4th quarter valued at approximately $44,000. Finally, Truvestments Capital LLC bought a new stake in Invesco during the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 66.09% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on IVZ shares. The Goldman Sachs Group lifted their price target on shares of Invesco from $19.00 to $20.75 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. TD Cowen lowered their target price on Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays upped their price objective on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.94.
View Our Latest Report on IVZ
Invesco Stock Down 2.0 %
Shares of Invesco stock traded down $0.36 on Friday, reaching $17.50. 3,270,279 shares of the company were exchanged, compared to its average volume of 4,203,676. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $17.84 and a 200 day moving average of $17.50. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.00 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS 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%. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Dividend Announcement
The firm also recently declared 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 4.69%. The ex-dividend date of this dividend is Friday, February 14th. Invesco's payout ratio is currently 69.49%.
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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