Toronto Dominion Bank grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175,342 shares of the asset manager’s stock after purchasing an additional 21,012 shares during the quarter. Toronto Dominion Bank’s holdings in Invesco were worth $6,406,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC bought a new position in Invesco during the 3rd quarter worth approximately $145,000. Valeo Financial Advisors LLC bought a new position in Invesco during the 3rd quarter worth approximately $160,000. ETRADE Capital Management LLC bought a new position in Invesco during the 3rd quarter worth approximately $205,000. Miles Capital Inc. bought a new position in Invesco during the 4th quarter worth approximately $205,000. Finally, Linscomb & Williams Inc. bought a new position in Invesco during the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Invesco Ltd. (NYSE:IVZ) opened at $33.92 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $13,808.08, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.74. Invesco Ltd. has a fifty-two week low of $29.36 and a fifty-two week high of $38.43.
Invesco (NYSE:IVZ) last posted 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. sell-side analysts anticipate that Invesco Ltd. will post 3.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s dividend payout ratio is 42.34%.
Several research analysts have issued reports on IVZ shares. Citigroup raised their price target on shares of Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Invesco in a research report on Friday, October 27th. Jefferies Group raised their price objective on shares of Invesco from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.57.
In other Invesco news, insider Kevin M. Carome sold 25,000 shares of Invesco stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total transaction of $834,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.
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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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