Arizona State Retirement System increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,049 shares of the asset manager’s stock after purchasing an additional 7,777 shares during the quarter. Arizona State Retirement System’s holdings in Invesco were worth $6,031,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. acquired a new position in Invesco during the 4th quarter worth $802,000. State of Wisconsin Investment Board grew its stake in Invesco by 2.8% during the 4th quarter. State of Wisconsin Investment Board now owns 940,528 shares of the asset manager’s stock worth $34,367,000 after purchasing an additional 25,887 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Invesco by 16.0% during the 4th quarter. First Allied Advisory Services Inc. now owns 12,195 shares of the asset manager’s stock worth $443,000 after purchasing an additional 1,682 shares in the last quarter. MUFG Americas Holdings Corp grew its stake in Invesco by 302.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock worth $1,085,000 after purchasing an additional 22,312 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Invesco by 13.6% during the 4th quarter. Toronto Dominion Bank now owns 175,342 shares of the asset manager’s stock worth $6,406,000 after purchasing an additional 21,012 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
IVZ has been the subject of several analyst reports. ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued a “buy” rating and set a $41.00 target price on shares of Invesco in a research note on Friday, October 27th. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price (up from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. Credit Suisse Group raised Invesco from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $42.00 to $43.00 in a research note on Wednesday, January 31st. Finally, Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. One 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 presently has an average rating of “Buy” and a consensus price target of $40.57.
Invesco Ltd. (IVZ) opened at $32.94 on Friday. The stock has a market capitalization of $13,410.00, a PE ratio of 13.56, a PEG ratio of 0.89 and a beta of 1.73. Invesco Ltd. has a 1 year low of $29.36 and a 1 year high of $38.43. 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 released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. equities research analysts predict that Invesco Ltd. will post 3.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. Invesco’s dividend payout ratio (DPR) is presently 47.74%.
In related news, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate 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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