Janney Montgomery Scott LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 47.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,200 shares of the asset manager's stock after selling 43,400 shares during the quarter. Janney Montgomery Scott LLC's holdings in Invesco were worth $846,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in shares of Invesco by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager's stock valued at $7,718,000 after acquiring an additional 44,417 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Invesco by 4.1% in the 1st 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 during the period. Bessemer Group Inc. lifted its stake in Invesco by 5,321.9% in the first quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager's stock valued at $1,416,000 after purchasing an additional 83,767 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Invesco by 684.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 122,986 shares of the asset manager's stock worth $2,028,000 after acquiring an additional 107,302 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Invesco by 152.4% during the first quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager's stock worth $906,000 after purchasing an additional 32,989 shares in the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
Shares of Invesco stock traded down $0.07 during trading hours on Friday, reaching $17.67. The company's stock had a trading volume of 2,610,003 shares, compared to its average volume of 3,951,461. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a one year low of $13.53 and a one year high of $18.94. The firm has a 50 day moving average price of $17.48 and a 200-day moving average price of $16.40.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data 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 company 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%. Invesco's quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, equities research analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.
Invesco Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's payout ratio is -89.13%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on IVZ. JPMorgan Chase & Co. raised their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Royal Bank of Canada upped their target price on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Invesco presently has a consensus rating of "Hold" and a consensus target price of $18.63.
Read Our Latest Analysis on IVZ
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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