2 weeks Ago By ABMN Staff
Xponance Inc. decreased its holdings in shares of Invesco Ltd. ( NYSE:IVZ – Free Report ) by 64.
1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,325 shares of the asset manager’s stock after selling 68,399 shares during the period. Xponance Inc.
’s holdings in Invesco were worth $670,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Invesco by 2.
0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Invesco in the 4th quarter valued at $735,000.
Bank of New York Mellon Corp grew 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 valued at $45,684,000 after buying an additional 113,451 shares during the last quarter.
Connor Clark & Lunn Investment Management Ltd. acquired a new position in Invesco in the 4th quarter valued at $424,000. Finally, Massachusetts Mutual Life Insurance Co.
purchased a new position in Invesco during the 3rd quarter worth $1,428,196,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.
Analyst Ratings Changes Several brokerages have recently weighed in on IVZ. Morgan Stanley lifted their target price on shares of Invesco from $18.00 to $19.
00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on Invesco from $20.
00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Argus increased their target price on Invesco from $20.
00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a research note on Tuesday, January 28th.
They issued a “sector perform” rating and a $19.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on Invesco from $17.
00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. One 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 company.
According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $19.94. Invesco Trading Up 0.
6 % Shares of IVZ opened at $15.96 on Wednesday. The stock has a fifty day moving average of $17.
23 and a two-hundred day moving average of $17.44. The company has a debt-to-equity ratio of 0.
49, a quick ratio of 4.91 and a current ratio of 4.91.
Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.
55. The company has a market capitalization of $7.14 billion, a PE ratio of 13.
53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.
Invesco ( NYSE:IVZ – Get Free Report ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. As a group, analysts forecast that Invesco Ltd.
will post 1.87 EPS for the current year. Invesco Announces Dividend The business also recently disclosed 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 was Friday, February 14th.
This represents a $0.82 annualized dividend and a dividend yield of 5.14%.
Invesco’s dividend payout ratio is presently 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. Further Reading 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.
com's FREE daily email newsletter ..
