Barclays PLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,364,174 shares of the asset manager's stock after purchasing an additional 35,031 shares during the quarter. Barclays PLC owned approximately 0.53% of Invesco worth $41,516,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of Invesco by 37.4% during the 2nd quarter. CWM LLC now owns 14,198 shares of the asset manager's stock valued at $212,000 after acquiring an additional 3,863 shares in the last quarter. SG Americas Securities LLC grew its stake in Invesco by 104.2% in the second quarter. SG Americas Securities LLC now owns 109,739 shares of the asset manager's stock valued at $1,642,000 after purchasing an additional 56,009 shares in the last quarter. Gradient Investments LLC increased its holdings in Invesco by 1,851.7% in the second quarter. Gradient Investments LLC now owns 4,528 shares of the asset manager's stock worth $68,000 after buying an additional 4,296 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Invesco by 27.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,982 shares of the asset manager's stock valued at $194,000 after acquiring an additional 2,815 shares during the last quarter. Finally, Raymond James & Associates grew its position in Invesco by 34.8% in the second quarter. Raymond James & Associates now owns 89,610 shares of the asset manager's stock worth $1,341,000 after acquiring an additional 23,120 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Stock Performance
NYSE IVZ traded down $0.35 during midday trading on Friday, hitting $18.04. The company had a trading volume of 2,078,681 shares, compared to its average volume of 4,116,114. The firm has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $16.73. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of -19.63, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $18.94.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company's quarterly revenue was down 20.8% compared to the same quarter last year. Equities analysts forecast that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. Invesco's payout ratio is -89.13%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Morgan Stanley boosted their target price on Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Royal Bank of Canada increased their price target on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.63.
Read Our Latest Research Report on Invesco
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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