Charles Schwab Investment Management Inc. boosted its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,311,814 shares of the asset manager's stock after buying an additional 45,891 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.96% of Invesco worth $75,715,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock worth $270,540,000 after buying an additional 3,349,069 shares during the period. Swedbank AB acquired a new stake in Invesco in the first quarter valued at approximately $41,475,000. Bank of New York Mellon Corp raised its stake in shares of Invesco by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager's stock valued at $37,241,000 after purchasing an additional 30,016 shares during the period. AQR Capital Management LLC lifted its position in shares of Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager's stock worth $35,274,000 after purchasing an additional 377,786 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Invesco by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager's stock worth $24,843,000 after purchasing an additional 58,332 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.
Invesco Stock Performance
IVZ traded down $0.11 during trading on Thursday, reaching $18.04. 2,565,417 shares of the company were exchanged, compared to its average volume of 4,167,821. Invesco Ltd. has a 52 week low of $13.53 and a 52 week high of $18.94. 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 firm has a 50 day moving average of $17.74 and a 200 day moving average of $16.56. The stock has a market cap of $8.11 billion, a P/E ratio of -19.61, a PEG ratio of 1.05 and a beta of 1.44.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company's quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, sell-side analysts forecast that Invesco Ltd. will post 1.69 EPS for the current fiscal year.
Invesco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. Invesco's dividend payout ratio (DPR) is presently -89.13%.
Analyst Ratings Changes
IVZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their price target on Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Barclays raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.63.
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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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