Capital Investment Advisory Services LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,052 shares of the asset manager’s stock, valued at approximately $235,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Invesco by 1.2% during the third quarter. Vanguard Group Inc. now owns 43,577,656 shares of the asset manager’s stock worth $997,058,000 after acquiring an additional 524,580 shares during the last quarter. Vanguard Group Inc raised its position in shares of Invesco by 1.2% in the third quarter. Vanguard Group Inc now owns 43,577,656 shares of the asset manager’s stock valued at $997,058,000 after buying an additional 524,580 shares during the last quarter. American Century Companies Inc. raised its position in shares of Invesco by 19.8% in the third quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock valued at $450,582,000 after buying an additional 3,250,743 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 11,308,238 shares of the asset manager’s stock valued at $258,733,000 after buying an additional 1,263,803 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Invesco by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 11,058,312 shares of the asset manager’s stock valued at $253,013,000 after buying an additional 1,001,343 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.
IVZ has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of Invesco in a research report on Friday, October 19th. Credit Suisse Group reissued a “neutral” rating and issued a $27.00 price objective (down previously from $34.00) on shares of Invesco in a research report on Friday, October 19th. Barclays cut their price objective on shares of Invesco from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 19th. Finally, Morgan Stanley cut their price objective on shares of Invesco from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.70.
Invesco stock opened at $18.00 on Monday. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $35.03. The company has a market capitalization of $7.40 billion, a P/E ratio of 7.41, a P/E/G ratio of 1.06 and a beta of 1.50. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.88%. The company had revenue of $919.20 million during the quarter, compared to analysts’ expectations of $913.37 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Invesco’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, research analysts predict that Invesco Ltd. will post 2.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 6.67%. Invesco’s payout ratio is 49.38%.
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Invesco Company Profile
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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