KLP Kapitalforvaltning AS bought a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 69,400 shares of the asset manager's stock, valued at approximately $1,213,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of IVZ. Bank of New York Mellon Corp grew its position in shares of Invesco by 4.5% during the 4th 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 purchasing an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Invesco during the fourth quarter worth about $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Invesco in the 4th quarter worth about $424,000. Massachusetts Mutual Life Insurance Co. purchased a new stake in shares of Invesco in the 3rd quarter valued at about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Invesco by 41.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock valued at $867,000 after acquiring an additional 14,489 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on IVZ. Royal Bank of Canada began coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective on the stock. Bank of America decreased their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday. Citigroup cut their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday. Morgan Stanley increased their target price on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, Barclays lifted their price target on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Invesco currently has a consensus rating of "Hold" and a consensus target price of $19.30.
Read Our Latest Stock Report on IVZ
Invesco Trading Down 12.0 %
Shares of Invesco stock traded down $1.89 during trading on Thursday, reaching $13.81. 10,157,956 shares of the stock were exchanged, compared to its average volume of 4,094,893. Invesco Ltd. has a 1 year low of $13.74 and a 1 year high of $19.55. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average is $16.94 and its 200 day moving average is $17.39.
Invesco (NYSE:IVZ - Get Free Report) last announced its 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, equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Friday, February 14th. Invesco's 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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