Cambridge Investment Research Advisors Inc. grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,533 shares of the asset manager’s stock after purchasing an additional 1,982 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Invesco were worth $609,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc grew its holdings in shares of 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 buying an additional 524,580 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Invesco by 4.6% during the fourth quarter. BlackRock Inc. now owns 34,987,298 shares of the asset manager’s stock worth $585,687,000 after buying an additional 1,552,429 shares in the last quarter. Kiltearn Partners LLP grew its holdings in shares of Invesco by 2.7% during the fourth quarter. Kiltearn Partners LLP now owns 8,998,697 shares of the asset manager’s stock worth $150,638,000 after buying an additional 240,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Invesco by 13.9% during the fourth quarter. Geode Capital Management LLC now owns 5,884,507 shares of the asset manager’s stock worth $98,348,000 after buying an additional 717,941 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 42.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock worth $84,501,000 after buying an additional 1,507,660 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.
A number of research firms have recently issued reports on IVZ. William Blair reaffirmed a “market perform” rating on shares of Invesco in a report on Thursday, April 25th. Deutsche Bank upped their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group lowered shares of Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective for the company. in a report on Monday, May 13th. Edward Jones lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.09.
In other Invesco news, Director Ben F. Johnson III purchased 10,000 shares of Invesco stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $21.37 per share, with a total value of $213,700.00. Following the completion of the transaction, the director now owns 54,618 shares of the company’s stock, valued at $1,167,186.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 30,000 shares of company stock worth $619,200 in the last three months. Corporate insiders own 1.90% of the company’s stock.
Shares of IVZ opened at $20.61 on Wednesday. The stock has a market cap of $8.21 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.54. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $28.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.52.
Invesco (NYSE:IVZ) last issued its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $884.93 million. Invesco had a net margin of 15.59% and a return on equity of 10.48%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, analysts predict that Invesco Ltd. will post 2.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 10th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from Invesco’s previous quarterly dividend of $0.30. Invesco’s dividend payout ratio is currently 51.03%.
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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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