Rhumbline Advisers boosted its position in shares of Invesco Ltd. (NYSE:IVZ – Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 761,704 shares of the asset manager’s stock after purchasing an additional 6,742 shares during the quarter. Rhumbline Advisers owned about 0.17% of Invesco worth $12,492,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. OLD Mission Capital LLC purchased a new position in Invesco during the 4th quarter worth $26,000. Money Concepts Capital Corp increased its holdings in Invesco by 150.1% during the 4th quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager’s stock worth $30,000 after purchasing an additional 1,013 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Invesco by 125.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,844 shares of the asset manager’s stock worth $33,000 after purchasing an additional 1,027 shares during the period. Machina Capital S.A.S. purchased a new position in Invesco during the 1st quarter worth $43,000. Finally, TCI Wealth Advisors Inc. increased its holdings in Invesco by 19.4% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,002 shares of the asset manager’s stock worth $66,000 after purchasing an additional 649 shares during the period. 66.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on IVZ shares. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup increased their target price on Invesco from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, July 14th. TheStreet cut Invesco from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Royal Bank of Canada increased their target price on Invesco from $17.00 to $19.00 in a research report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $17.00 target price on shares of Invesco in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.45.
Invesco Stock Up 0.7 %
Invesco stock opened at $16.03 on Friday. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.35 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 5.15 and a quick ratio of 5.15. The business has a fifty day moving average price of $16.57 and a 200-day moving average price of $16.43. Invesco Ltd. has a 1-year low of $13.20 and a 1-year high of $20.56.
Invesco (NYSE:IVZ – Get Free Report) last issued its earnings results on Tuesday, July 25th. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a return on equity of 7.54% and a net margin of 15.29%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.53 EPS for the current fiscal year.
Invesco Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 11th will be paid a $0.20 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.80 dividend on an annualized basis and a yield of 4.99%. Invesco’s dividend payout ratio (DPR) is 56.74%.
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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