Generali Asset Management SPA SGR Acquires Shares of 12,672 Invesco Ltd. (NYSE:IVZ)

Generali Asset Management SPA SGR acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 12,672 shares of the asset manager’s stock, valued at approximately $222,000.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter valued at $35,000. Crews Bank & Trust bought a new position in Invesco in the 4th quarter valued at $44,000. Assetmark Inc. boosted its position in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after buying an additional 2,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after buying an additional 2,136 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on IVZ shares. Wells Fargo & Company raised their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Argus raised their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. TD Cowen reduced their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. UBS Group raised their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Performance

IVZ opened at $15.51 on Friday. The business’s 50-day moving average price is $17.28 and its two-hundred day moving average price is $17.44. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is 69.49%.

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.