Versor Investments LP lifted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 161.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,100 shares of the asset manager's stock after acquiring an additional 80,900 shares during the quarter. Versor Investments LP's holdings in Invesco were worth $2,292,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the third quarter worth $35,000. Allworth Financial LP raised its position in shares of 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 buying an additional 1,806 shares in the last quarter. Crews Bank & Trust bought a new stake in Invesco during the fourth quarter valued at $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco during the third quarter worth about $76,000. 66.09% of the stock is owned by institutional investors.
Analysts Set New Price Targets
IVZ has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. Argus raised their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. TD Cowen cut their target price on shares of Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Evercore ISI raised their price target on Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price target on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.94.
Get Our Latest Research Report on IVZ
Invesco Stock Down 3.7 %
Shares of IVZ stock traded down $0.64 during midday trading on Monday, reaching $16.75. 3,948,294 shares of the stock were exchanged, compared to its average volume of 4,200,998. The firm has a market cap of $7.53 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company's 50 day moving average is $17.82 and its two-hundred day moving average is $17.59. Invesco Ltd. has a 1 year low of $14.16 and a 1 year 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.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.90%. Invesco's dividend payout ratio (DPR) is 69.49%.
Invesco Profile
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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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