Raymond James & Associates raised its stake in Invesco (NYSE:IVZ) by 32.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,114 shares of the asset manager’s stock after purchasing an additional 22,720 shares during the period. Raymond James & Associates’ holdings in Invesco were worth $3,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of IVZ. New York State Common Retirement Fund grew its stake in Invesco by 1.4% in the third quarter. New York State Common Retirement Fund now owns 882,600 shares of the asset manager’s stock valued at $30,926,000 after purchasing an additional 12,200 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Invesco by 24.5% during the third quarter. Russell Investments Group Ltd. now owns 119,919 shares of the asset manager’s stock worth $4,201,000 after acquiring an additional 23,591 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Invesco by 5.9% during the third quarter. Nordea Investment Management AB now owns 27,015 shares of the asset manager’s stock worth $947,000 after acquiring an additional 1,499 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Invesco by 17.1% during the third quarter. Wells Fargo & Company MN now owns 1,522,224 shares of the asset manager’s stock worth $53,339,000 after acquiring an additional 222,056 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Invesco by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,786,828 shares of the asset manager’s stock worth $97,644,000 after acquiring an additional 8,917 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.
Invesco stock opened at $30.70 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.55. Invesco has a 52 week low of $30.02 and a 52 week high of $38.43. The stock has a market cap of $12,914.70, a P/E ratio of 11.37, a PEG ratio of 0.85 and a beta of 1.71.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year. equities analysts anticipate that Invesco will post 3.09 EPS for the current fiscal year.
In related news, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $33.12, for a total transaction of $14,005,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $34.31, for a total value of $171,550.00. The disclosure for this sale can be found here. Insiders have sold 452,860 shares of company stock valued at $15,011,173 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine lowered Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and dropped their price target for the stock from $39.00 to $38.00 in a research note on Tuesday, February 13th. Morgan Stanley restated an “equal weight” rating and set a $40.00 price target (up previously from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. Finally, Credit Suisse Group restated a “buy” rating on shares of Invesco in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Invesco currently has a consensus rating of “Hold” and a consensus target price of $40.57.
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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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