FDx Advisors Inc. boosted its position in Invesco Ltd. (NYSE:IVZ) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 102,153 shares of the asset manager’s stock after purchasing an additional 2,108 shares during the period. FDx Advisors Inc.’s holdings in Invesco were worth $3,733,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of IVZ. Raymond James Financial Services Advisors Inc. lifted its stake in Invesco by 7.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,862 shares of the asset manager’s stock valued at $664,000 after purchasing an additional 1,307 shares during the last quarter. Bank of Nova Scotia lifted its position in Invesco by 10.3% during the second quarter. Bank of Nova Scotia now owns 10,573 shares of the asset manager’s stock worth $372,000 after acquiring an additional 987 shares during the last quarter. Shell Asset Management Co. lifted its position in Invesco by 105.1% during the third quarter. Shell Asset Management Co. now owns 59,948 shares of the asset manager’s stock worth $2,367,000 after acquiring an additional 30,718 shares during the last quarter. PGGM Investments lifted its position in Invesco by 2.3% during the third quarter. PGGM Investments now owns 267,145 shares of the asset manager’s stock worth $9,361,000 after acquiring an additional 6,004 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted 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 worth $3,705,000 after acquiring an additional 39,548 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
In other news, insider Kevin M. Carome sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total transaction of $834,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.
Several brokerages have issued reports on IVZ. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating and cut their price objective for the stock from $39.00 to $38.00 in a research report on Tuesday, February 13th. Morgan Stanley restated an “equal weight” rating and set a $40.00 price objective (up from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada restated a “buy” rating and set a $41.00 price objective on shares of Invesco in a research report on Friday, October 27th. Finally, Credit Suisse Group restated a “buy” rating on shares of Invesco in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.57.
Invesco Ltd. (NYSE:IVZ) opened at $33.21 on Wednesday. Invesco Ltd. has a fifty-two week low of $29.36 and a fifty-two week high of $38.43. The company has a market cap of $13,808.08, a P/E ratio of 12.61, a PEG ratio of 0.91 and a beta of 1.74. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco (NYSE:IVZ) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same period last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts predict that Invesco Ltd. will post 3.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. Invesco’s dividend payout ratio is presently 42.34%.
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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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