National Bank of Canada FI lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,020 shares of the asset manager's stock after acquiring an additional 37,557 shares during the quarter. National Bank of Canada FI owned about 0.05% of Invesco worth $4,127,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC increased its position in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. bought a new position in Invesco during the second quarter valued at about $28,000. Sentry Investment Management LLC bought a new stake in Invesco in the second quarter worth about $30,000. Allworth Financial LP raised its position in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,806 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Invesco in the second quarter worth about $61,000. Institutional investors own 66.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price objective on Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.63.
Read Our Latest Stock Report on IVZ
Invesco Stock Down 1.9 %
Shares of IVZ stock traded down $0.35 during trading on Friday, hitting $18.04. 2,078,681 shares of the company were exchanged, compared to its average volume of 4,113,251. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -19.63, a P/E/G ratio of 1.06 and a beta of 1.43. The business's 50-day simple moving average is $17.90 and its 200 day simple moving average is $16.73. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94.
Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company's revenue was down 20.8% compared to the same quarter last year. As a group, analysts forecast that Invesco Ltd. will post 1.69 EPS for the current fiscal year.
Invesco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.55%. Invesco's dividend payout ratio (DPR) is currently -89.13%.
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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