3 days Ago By ABMN Staff
California Public Employees Retirement System cut its stake in Invesco Ltd. ( NYSE:IVZ – Free Report ) by 13.1% in the fourth quarter, HoldingsChannel reports.
The fund owned 546,535 shares of the asset manager’s stock after selling 82,683 shares during the period. California Public Employees Retirement System’s holdings in Invesco were worth $9,553,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company.
Bank of New York Mellon Corp raised its position in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter.
Proficio Capital Partners LLC acquired a new stake in shares of Invesco in the 4th quarter valued at $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Invesco during the fourth quarter worth $424,000.
Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco during the third quarter valued at $1,428,196,000. Finally, Mirae Asset Global Investments Co.
Ltd. boosted its holdings in Invesco by 41.9% in the fourth quarter.
Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after acquiring an additional 14,489 shares during the last quarter.
66.09% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several analysts have weighed in on IVZ shares.
The Goldman Sachs Group dropped their price objective on Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Thursday.
Barclays increased their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th.
Bank of America reduced their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday.
Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price for the company.
Finally, Citigroup reduced their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st.
One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.30.
Invesco Price Performance NYSE IVZ opened at $12.78 on Monday. The company has a debt-to-equity ratio of 0.
49, a quick ratio of 4.91 and a current ratio of 4.91.
The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.
98 and a beta of 1.26. The business has a 50 day simple moving average of $16.
85 and a 200 day simple moving average of $17.37. Invesco Ltd.
has a 52-week low of $12.35 and a 52-week high of $19.55.
Invesco ( NYSE:IVZ – Get Free Report ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
51 by $0.01. Invesco had a net margin of 12.
77% and a return on equity of 8.18%. Analysts anticipate that Invesco Ltd.
will post 1.87 earnings per share for the current fiscal year. Invesco Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th.
Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th.
This represents a $0.82 annualized dividend and a dividend yield of 6.41%.
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. Featured Articles Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Invesco Ltd. ( NYSE:IVZ – Free Report ). Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.
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