Jones Financial Companies Lllp lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,250 shares of the asset manager's stock after purchasing an additional 20,345 shares during the period. Jones Financial Companies Lllp's holdings in Invesco were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its position in shares of Invesco by 3.6% during the fourth quarter. QRG Capital Management Inc. now owns 121,934 shares of the asset manager's stock worth $2,131,000 after buying an additional 4,195 shares during the period. Versor Investments LP raised its position in Invesco by 161.2% in the 4th quarter. Versor Investments LP now owns 131,100 shares of the asset manager's stock valued at $2,292,000 after purchasing an additional 80,900 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Invesco in the 4th quarter valued at about $735,000. Los Angeles Capital Management LLC purchased a new stake in shares of Invesco during the fourth quarter worth approximately $672,000. Finally, Bank of New York Mellon Corp raised its holdings in Invesco by 4.5% in the fourth 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 acquiring an additional 113,451 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Stock Performance
IVZ stock traded down $0.09 during mid-day trading on Friday, reaching $15.67. The company had a trading volume of 7,188,891 shares, compared to its average volume of 4,386,184. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The stock has a market capitalization of $7.04 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.43. The stock's 50-day simple moving average is $17.70 and its two-hundred day simple moving average is $17.56. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.
Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data 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 net margin of 12.77% and a return on equity of 8.18%. Research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 5.23%. Invesco's dividend payout ratio (DPR) is presently 69.49%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Argus boosted their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. BMO Capital Markets lifted their price objective on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.94.
View Our Latest Stock Analysis 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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