Xponance Inc. reduced its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,325 shares of the asset manager's stock after selling 68,399 shares during the period. Xponance Inc.'s holdings in Invesco were worth $670,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harmony Asset Management LLC boosted its stake in shares of Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock valued at $1,078,000 after purchasing an additional 600 shares in the last quarter. D.A. Davidson & CO. boosted its position in Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after buying an additional 677 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Invesco by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after buying an additional 710 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after buying an additional 812 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of Invesco by 1.6% in the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock valued at $1,346,000 after acquiring an additional 1,200 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on IVZ. BMO Capital Markets boosted their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.94.
Read Our Latest Research Report on Invesco
Invesco Stock Down 2.3 %
Shares of Invesco stock traded down $0.36 on Friday, hitting $15.20. The company had a trading volume of 3,401,109 shares, compared to its average volume of 4,067,678. Invesco Ltd. has a 1 year low of $14.16 and a 1 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 stock has a 50 day moving average of $17.14 and a 200-day moving average of $17.42. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts' consensus estimates 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 forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.40%. Invesco's dividend payout ratio is currently 69.49%.
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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