Glenmede Trust Co. NA raised its stake in Invesco (NYSE:IVZ) by 53.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,775,969 shares of the asset manager’s stock after acquiring an additional 617,088 shares during the period. Glenmede Trust Co. NA owned 0.44% of Invesco worth $64,892,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avestar Capital LLC bought a new stake in Invesco during the fourth quarter worth approximately $137,000. Sun Life Financial INC bought a new stake in Invesco during the third quarter worth approximately $145,000. Valeo Financial Advisors LLC bought a new stake in Invesco during the third quarter worth approximately $160,000. ETRADE Capital Management LLC bought a new stake in Invesco during the third quarter worth approximately $205,000. Finally, Miles Capital Inc. bought a new stake in Invesco during the fourth quarter worth approximately $205,000. 82.11% of the stock is currently owned by institutional investors.
Several brokerages recently commented on IVZ. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price (up previously from $39.00) on shares of Invesco in a report on Wednesday, February 7th. JPMorgan Chase set a $45.00 price target on Invesco and gave the company a “buy” rating in a report on Monday, January 8th. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and dropped their price target for the company from $39.00 to $38.00 in a report on Tuesday, February 13th. Credit Suisse Group reaffirmed a “buy” rating on shares of Invesco in a report on Thursday, February 1st. Finally, ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.57.
Shares of Invesco stock traded down $1.08 on Friday, hitting $30.70. 3,526,584 shares of the company traded hands, compared to its average volume of 3,953,698. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Invesco has a 12-month low of $30.02 and a 12-month high of $38.43. The stock has a market cap of $12,499.41, a P/E ratio of 11.37, a P/E/G ratio of 0.82 and a beta of 1.71.
Invesco (NYSE:IVZ) last issued 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 during the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.20%. Invesco’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. equities research analysts expect that Invesco will post 3.09 earnings per share for the current fiscal year.
In other news, Director Sarah Beshar bought 2,970 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $33.32 per share, with a total value of $98,960.40. Following the transaction, the director now directly owns 8,837 shares in the company, valued at $294,448.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Martin L. Flanagan sold 422,860 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $33.12, for a total transaction of $14,005,123.20. The disclosure for this sale can be found here. Insiders sold 452,860 shares of company stock valued at $15,011,173 over the last quarter. 1.80% of the stock is currently owned by corporate 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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