XTX Topco Ltd trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 76.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,692 shares of the asset manager's stock after selling 35,014 shares during the quarter. XTX Topco Ltd's holdings in Invesco were worth $187,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco during the third quarter worth $35,000. Aster Capital Management DIFC Ltd increased its position in Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust bought a new stake in Invesco in the 4th quarter valued at about $44,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Invesco during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. increased its holdings in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on IVZ shares. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and cut their price target for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Morgan Stanley reduced their target price on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target for the company. BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Invesco has an average rating of "Hold" and a consensus price target of $17.25.
View Our Latest Stock Report on Invesco
Invesco Trading Up 0.1 %
IVZ opened at $13.94 on Tuesday. 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 fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company's 50 day moving average price is $14.83 and its two-hundred day moving average price is $16.81. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.03%. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is 67.20%.
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.
Further Reading
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