19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. lifted its position in shares of Invesco Ltd. ( NYSE:IVZ – Free Report ) by 2.
6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,423,332 shares of the asset manager’s stock after buying an additional 111,518 shares during the period. Charles Schwab Investment Management Inc.
owned about 0.98% of Invesco worth $77,320,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of IVZ.
Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco during the third quarter worth about $1,428,196,000. Azora Capital LP acquired a new position in shares of Invesco during the third quarter worth about $27,289,000.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Invesco by 131.3% during the third 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 buying an additional 516,622 shares during the period.
Algert Global LLC boosted its position in shares of Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after buying an additional 444,470 shares during the period.
Finally, Ieq Capital LLC boosted its position in shares of Invesco by 635.9% during the fourth quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after buying an additional 423,621 shares during the period.
66.09% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades IVZ has been the subject of several recent research reports.
Deutsche Bank Aktiengesellschaft upped their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th.
Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th.
The Goldman Sachs Group upped their target price on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th.
Argus upped their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th.
Finally, Wells Fargo & Company upped their target price on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th.
One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.
94. Invesco Price Performance NYSE:IVZ opened at $14.85 on Tuesday.
The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.
49. The stock’s 50 day moving average price is $17.61 and its two-hundred day moving average price is $17.
55. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 12.
58, a P/E/G ratio of 0.98 and a beta of 1.43.
Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.
55. Invesco ( NYSE:IVZ – Get Free Report ) last announced 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, analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.
Invesco Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.
52%. Invesco’s dividend payout ratio (DPR) is currently 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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