KBC Group NV increased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 264.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,999 shares of the asset manager's stock after purchasing an additional 65,285 shares during the period. KBC Group NV's holdings in Invesco were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Invesco by 18.0% during the 4th quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after purchasing an additional 1,221 shares during the last quarter. CX Institutional bought a new stake in Invesco in the fourth quarter valued at $189,000. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco by 83.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 88,446 shares of the asset manager's stock valued at $1,546,000 after acquiring an additional 40,246 shares during the period. Merit Financial Group LLC bought a new position in shares of Invesco during the fourth quarter worth about $652,000. Finally, Burney Co. lifted its position in Invesco by 32.1% in the 4th quarter. Burney Co. now owns 14,452 shares of the asset manager's stock valued at $253,000 after purchasing an additional 3,513 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Invesco Price Performance
Shares of IVZ traded up $0.34 during trading hours on Wednesday, hitting $18.73. 3,057,085 shares of the company were exchanged, compared to its average volume of 4,473,247. The firm has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $17.37. The company has a market capitalization of $8.42 billion, a PE ratio of 15.87, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts predict that Invesco Ltd. will post 1.85 earnings per share for the current year.
Invesco Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, February 14th. Invesco's dividend payout ratio is 69.49%.
Wall Street Analyst Weigh In
Several brokerages have commented on IVZ. UBS Group raised their price target on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. TD Cowen lowered their price target on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.87.
View Our Latest Analysis on IVZ
Invesco Company 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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