JPMorgan Chase & Co. raised its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,285,609 shares of the asset manager's stock after acquiring an additional 188,041 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of Invesco worth $22,472,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Amundi lifted its stake in shares of Invesco by 124.6% in the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager's stock valued at $45,424,000 after purchasing an additional 1,472,178 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Invesco by 635.9% during the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager's stock worth $8,569,000 after acquiring an additional 423,621 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after acquiring an additional 419,389 shares during the last quarter. LBP AM SA bought a new position in shares of Invesco in the 4th quarter valued at approximately $7,221,000. Finally, Bank of New York Mellon Corp lifted its holdings in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter. 66.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on IVZ shares. BMO Capital Markets lifted their price target on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Barclays raised their price target on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Citigroup cut their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Wells Fargo & Company dropped their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.97.
Read Our Latest Report on Invesco
Invesco Price Performance
NYSE IVZ traded up $0.25 on Tuesday, reaching $13.22. The company's stock had a trading volume of 1,041,657 shares, compared to its average volume of 5,267,869. The firm has a market cap of $5.92 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. 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 Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The business has a 50-day moving average price of $15.90 and a 200 day moving average price of $17.12.
Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 6.20%. Invesco's dividend payout ratio is presently 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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