Jefferies Group LLC bought a new stake in Invesco (NYSE:IVZ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,550 shares of the asset manager’s stock, valued at approximately $1,007,000.
Other large investors also recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Invesco by 9.8% during the fourth quarter. Advisor Group Inc. now owns 41,947 shares of the asset manager’s stock valued at $1,532,000 after acquiring an additional 3,729 shares in the last quarter. Quantitative Investment Management LLC lifted its stake in shares of Invesco by 1,536.0% in the fourth quarter. Quantitative Investment Management LLC now owns 227,400 shares of the asset manager’s stock worth $8,309,000 after acquiring an additional 213,500 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Invesco by 5.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 58,625 shares of the asset manager’s stock worth $2,142,000 after acquiring an additional 3,270 shares in the last quarter. Portland Investment Counsel Inc. purchased a new position in Invesco in the fourth quarter valued at about $1,575,000. Finally, Profund Advisors LLC boosted its holdings in Invesco by 30.5% in the fourth quarter. Profund Advisors LLC now owns 12,541 shares of the asset manager’s stock valued at $458,000 after purchasing an additional 2,928 shares during the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.
In other Invesco 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 value of $834,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction that occurred on Friday, March 9th. The shares were 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 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
IVZ stock traded down $1.08 during trading on Friday, hitting $30.70. 3,526,584 shares of the company’s stock traded hands, compared to its average volume of 3,953,698. 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 firm has a market cap of $12,499.41, a price-to-earnings ratio of 11.37, a PEG ratio of 0.82 and a beta of 1.71.
Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. analysts expect that Invesco will post 3.09 EPS for the current fiscal year.
Several research firms have issued reports on IVZ. Royal Bank of Canada set a $47.00 price objective on Invesco and gave the stock a “buy” rating in a report on Saturday, December 16th. Morgan Stanley downgraded shares of Invesco from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $40.00 to $39.00 in a research report on Wednesday, January 3rd. Citigroup lowered shares of Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $42.00 to $43.00 in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Invesco presently 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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