Erste Asset Management GmbH boosted its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,184 shares of the asset manager's stock after acquiring an additional 22,788 shares during the quarter. Erste Asset Management GmbH's holdings in Invesco were worth $2,302,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in IVZ. Principal Financial Group Inc. boosted its position in Invesco by 3.3% in the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager's stock valued at $8,988,000 after buying an additional 16,473 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Invesco in the third quarter valued at about $271,000. Entropy Technologies LP acquired a new position in Invesco in the third quarter valued at about $400,000. GSA Capital Partners LLP acquired a new position in Invesco in the third quarter valued at about $853,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Invesco by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock valued at $248,000 after buying an additional 1,167 shares in the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Trading Up 1.6 %
NYSE:IVZ traded up $0.25 during trading hours on Wednesday, hitting $15.58. The stock had a trading volume of 4,735,183 shares, compared to its average volume of 4,696,298. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 1.43. The business's 50 day moving average is $17.34 and its 200-day moving average is $17.47.
Invesco (NYSE:IVZ - Get Free Report) last issued 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 net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is 69.49%.
Analyst Upgrades and Downgrades
A number of research firms have commented on IVZ. Argus boosted their price target 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 reduced their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on shares of Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, UBS Group increased their price objective on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.94.
View Our Latest Analysis on Invesco
Invesco 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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