Lecap Asset Management Ltd. boosted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,782 shares of the asset manager's stock after buying an additional 33,489 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Invesco were worth $1,307,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Invesco by 4.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,170 shares of the asset manager's stock worth $1,436,000 after buying an additional 3,718 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Invesco by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,710 shares of the asset manager's stock worth $275,000 after acquiring an additional 1,561 shares in the last quarter. Centennial Wealth Advisory LLC boosted its position in Invesco by 8.5% during the fourth quarter. Centennial Wealth Advisory LLC now owns 20,709 shares of the asset manager's stock valued at $362,000 after purchasing an additional 1,614 shares during the last quarter. Econ Financial Services Corp grew its stake in Invesco by 132.3% in the fourth quarter. Econ Financial Services Corp now owns 121,534 shares of the asset manager's stock valued at $2,124,000 after purchasing an additional 69,217 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased 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 worth $867,000 after purchasing an additional 14,489 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on IVZ. The Goldman Sachs Group raised their target price on shares of Invesco from $19.00 to $20.75 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets upped their target price on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada began coverage on Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Invesco presently has an average rating of "Hold" and an average price target of $19.94.
Get Our Latest Analysis on Invesco
Invesco Stock Performance
IVZ stock traded up $0.05 during trading hours on Tuesday, hitting $18.76. 3,097,004 shares of the stock were exchanged, compared to its average volume of 4,375,611. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $8.43 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a 50-day simple moving average of $17.82 and a two-hundred day simple moving average of $17.43.
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, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts forecast that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.37%. 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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