1 week Ago By Defense World Staff
JPMorgan Chase & Co. raised its position in Invesco Ltd. (NYSE:IVZ – Free Report) by 17.
1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285,609 shares of the asset manager’s stock after buying an additional 188,041 shares during the quarter. JPMorgan Chase & Co.
owned about 0.29% of Invesco worth $22,472,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the third quarter worth about $35,000. Crews Bank & Trust bought a new position in shares of Invesco in the fourth quarter worth approximately $44,000. Assetmark Inc.
boosted 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. EverSource Wealth Advisors LLC grew its position in shares of Invesco by 133.4% in the 4th quarter.
EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after buying an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd.
purchased a new position in Invesco during the 4th quarter valued at $123,000. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Stock Up 12.5 %Invesco stock opened at $13.66 on Thursday.
The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.
91. The business has a fifty day moving average price of $16.24 and a 200-day moving average price of $17.
22. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 11.
58, a PEG ratio of 0.98 and a beta of 1.26.
Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.
55. Invesco (NYSE:IVZ – Get Free Report) last posted its 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 net margin of 12.77% and a return on equity of 8.18%.
Equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Announces DividendThe company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend.
This represents a $0.82 annualized dividend and a yield of 6.00%.
The ex-dividend date was Friday, February 14th. Invesco’s payout ratio is 69.49%.
Wall Street Analysts Forecast GrowthSeveral equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Invesco from $20.00 to $16.
00 and set a “neutral” rating for the company in a report on Monday, March 31st. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.
50 and set an “underweight” rating for the company in a research report on Tuesday. Argus boosted 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 downgraded shares of Invesco from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $13.
00 in a report on Wednesday. Finally, Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.
00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.
57.Read Our Latest Stock Report on IVZAbout 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.See AlsoFive stocks we like better than InvescoBank Stocks – Best Bank Stocks to Invest InQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreLow PE Growth Stocks: Unlocking Investment OpportunitiesAre Tariffs Threatening Disney’s Comeback Story?Market Cap Calculator: How to Calculate Market CapIs Alphabet a Generational Buying Opportunity at These Levels?.
