Vanguard Group Inc. increased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,494,654 shares of the asset manager's stock after purchasing an additional 419,389 shares during the quarter. Vanguard Group Inc. owned approximately 11.46% of Invesco worth $900,127,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in IVZ. Advisors Asset Management Inc. grew its holdings in shares of Invesco by 61.0% during the third quarter. Advisors Asset Management Inc. now owns 18,066 shares of the asset manager's stock worth $317,000 after buying an additional 6,843 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Invesco by 14.8% during the third quarter. Daiwa Securities Group Inc. now owns 20,756 shares of the asset manager's stock worth $364,000 after acquiring an additional 2,669 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Invesco by 9.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,669 shares of the asset manager's stock valued at $1,241,000 after acquiring an additional 5,878 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Invesco by 3.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager's stock valued at $1,378,000 after acquiring an additional 2,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Invesco by 131.3% in the 3rd 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 purchasing an additional 516,622 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on IVZ. JPMorgan Chase & Co. dropped their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Morgan Stanley raised their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. TD Cowen lowered their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group raised their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.66.
Check Out Our Latest Stock Analysis on IVZ
Invesco Trading Up 2.7 %
Shares of NYSE:IVZ traded up $0.41 during mid-day trading on Wednesday, reaching $15.60. 909,060 shares of the company were exchanged, compared to its average volume of 4,053,834. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The firm's 50-day simple moving average is $17.05 and its 200 day simple moving average is $17.42.
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 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%. Equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.
Invesco Company 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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