Mitsubishi UFJ Trust & Banking Corp increased its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,857 shares of the asset manager's stock after acquiring an additional 50,139 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Invesco were worth $3,126,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. Daiwa Securities Group Inc. lifted its position in shares of Invesco by 14.8% in the third quarter. Daiwa Securities Group Inc. now owns 20,756 shares of the asset manager's stock valued at $364,000 after acquiring an additional 2,669 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Invesco by 9.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,669 shares of the asset manager's stock valued at $1,241,000 after purchasing an additional 5,878 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Invesco by 3.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager's stock worth $1,378,000 after purchasing an additional 2,700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock worth $15,982,000 after buying an additional 516,622 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Invesco by 131.3% in the third quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager's stock valued at $987,000 after buying an additional 31,908 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Stock Down 12.0 %
NYSE:IVZ traded down $1.89 during midday trading on Thursday, reaching $13.81. The company had a trading volume of 10,157,840 shares, compared to its average volume of 4,097,523. Invesco Ltd. has a 12-month low of $13.71 and a 12-month high of $19.55. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.98 and a beta of 1.43. 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 stock's fifty day simple moving average is $17.02 and its 200-day simple moving average is $17.41.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, sell-side analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 annualized dividend and a yield of 5.94%. Invesco's dividend payout ratio (DPR) is 69.49%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IVZ. TD Cowen dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. UBS Group upped their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Citigroup dropped their price objective on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday. 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.30.
Read Our Latest Stock 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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