Paragon Capital Management Ltd acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,219 shares of the asset manager’s stock, valued at approximately $300,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Invesco by 90.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 433,921 shares of the asset manager’s stock valued at $15,205,000 after purchasing an additional 206,313 shares in the last quarter. Atlantic Trust Group LLC raised its position in Invesco by 19.2% during the third quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock valued at $1,115,000 after purchasing an additional 5,131 shares in the last quarter. Prudential Financial Inc. raised its position in Invesco by 40.1% during the third quarter. Prudential Financial Inc. now owns 1,547,138 shares of the asset manager’s stock valued at $54,212,000 after purchasing an additional 442,997 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Invesco by 59.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 105,764 shares of the asset manager’s stock valued at $3,705,000 after purchasing an additional 39,548 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Invesco by 5,060.5% during the second quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock valued at $98,110,000 after purchasing an additional 2,733,970 shares in the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.
Several brokerages have recently issued reports on IVZ. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Invesco from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday. Morgan Stanley reiterated an “equal weight” rating and set a $40.00 price target (up from $39.00) on shares of Invesco in a report on Wednesday, February 7th. Credit Suisse Group reiterated a “buy” rating on shares of Invesco in a report on Thursday, February 1st. Finally, Citigroup downgraded Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.21.
Invesco Ltd. (NYSE IVZ) traded up $0.03 during mid-day trading on Tuesday, hitting $32.55. 1,227,469 shares of the stock were exchanged, compared to its average volume of 3,479,266. The company has a market cap of $13,205.61, a PE ratio of 11.92, a PEG ratio of 0.87 and a beta of 1.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco Ltd. has a one year low of $29.36 and a one year high of $38.43.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. research analysts forecast that Invesco Ltd. will post 3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. Invesco’s dividend payout ratio (DPR) is presently 42.34%.
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Invesco Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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