Sciencast Management LP purchased a new position in Invesco (NYSE:IVZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,849 shares of the asset manager’s stock, valued at approximately $748,000.
Several other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its position in shares of Invesco by 9.2% in the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after buying an additional 1,169,200 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock valued at $394,807,000 after purchasing an additional 538,969 shares during the last quarter. American Century Companies Inc. lifted its position in Invesco by 1.8% in the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock valued at $352,700,000 after purchasing an additional 173,766 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Invesco by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock valued at $328,466,000 after purchasing an additional 88,330 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Invesco by 45.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock valued at $270,516,000 after purchasing an additional 2,306,093 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Tuesday, February 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 price objective (up from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. Finally, Credit Suisse Group reiterated 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, seven have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.57.
IVZ stock opened at $30.70 on Friday. 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 price-to-earnings ratio of 11.37, a P/E/G ratio of 0.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same period in the previous year, the firm earned $0.59 EPS. Invesco’s revenue was up 16.3% on a year-over-year basis. research analysts expect that Invesco will post 3.09 EPS for the current year.
In other news, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sarah Beshar acquired 2,970 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the purchase, the director now directly owns 8,837 shares in the company, valued at $294,448.84. The disclosure for this purchase can be found here. Insiders have sold a total of 452,860 shares of company stock worth $15,011,173 over the last 90 days. 1.80% of the stock is owned by insiders.
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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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