Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,800 shares of the asset manager's stock, valued at approximately $381,000.
A number of other institutional investors have also recently made changes to their positions in the business. Harmony Asset Management LLC lifted its stake in shares of Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock valued at $1,078,000 after purchasing an additional 600 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Invesco by 1.5% during the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock valued at $816,000 after buying an additional 677 shares during the period. Avantax Advisory Services Inc. lifted its position in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after buying an additional 710 shares during the last quarter. Arizona State Retirement System boosted its stake in Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after buying an additional 812 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock valued at $248,000 after acquiring an additional 1,167 shares during the last quarter. Institutional investors own 66.09% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on IVZ shares. Wells Fargo & Company upped their price target on shares of Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada assumed coverage on Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price on the stock. The Goldman Sachs Group raised their price target on Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their target price on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Invesco presently has an average rating of "Hold" and an average target price of $19.94.
View Our Latest Stock Analysis on IVZ
Invesco Stock Down 1.2 %
Shares of IVZ traded down $0.19 during mid-day trading on Friday, hitting $15.34. The company's stock had a trading volume of 9,858,227 shares, compared to its average volume of 3,863,259. 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 company's 50-day moving average is $17.28 and its 200-day moving average is $17.44. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.98 and a beta of 1.43.
Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. On average, equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.35%. Invesco's dividend payout ratio (DPR) 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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