CIBC Private Wealth Group LLC raised its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 2,385.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,711,519 shares of the asset manager's stock after acquiring an additional 1,642,645 shares during the period. CIBC Private Wealth Group LLC owned 0.38% of Invesco worth $29,301,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Invesco by 4.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock valued at $45,684,000 after purchasing an additional 113,451 shares during the period. Proficio Capital Partners LLC bought a new stake in Invesco in the fourth quarter valued at $735,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Invesco during the fourth quarter valued at $424,000. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco during the third quarter worth about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock worth $867,000 after acquiring an additional 14,489 shares during the period. 66.09% of the stock is owned by institutional investors.
Invesco Stock Down 12.0 %
NYSE:IVZ traded down $1.89 during trading hours on Thursday, hitting $13.81. 10,157,956 shares of the stock traded hands, compared to its average volume of 4,097,524. The firm has a 50 day moving average price of $17.02 and a 200 day moving average price of $17.41. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a fifty-two week low of $13.71 and a fifty-two week 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.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is currently 69.49%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Bank of America decreased their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday. TD Cowen reduced their price target on Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Argus lifted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.30.
Read Our Latest Analysis on Invesco
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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