Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 4,266 Shares of Invesco (IVZ)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Invesco (NYSE:IVZ) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 122,010 shares of the asset manager’s stock after purchasing an additional 4,266 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Invesco were worth $3,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AGF Investments America Inc. increased its holdings in Invesco by 2.8% during the 4th quarter. AGF Investments America Inc. now owns 57,934 shares of the asset manager’s stock worth $2,117,000 after purchasing an additional 1,567 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Invesco by 11.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,915 shares of the asset manager’s stock worth $582,000 after purchasing an additional 1,604 shares in the last quarter. Zeke Capital Advisors LLC increased its holdings in Invesco by 11.5% during the 4th quarter. Zeke Capital Advisors LLC now owns 15,543 shares of the asset manager’s stock worth $568,000 after purchasing an additional 1,609 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings 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. Finally, First Long Island Investors LLC increased its holdings in Invesco by 0.5% during the 4th quarter. First Long Island Investors LLC now owns 348,685 shares of the asset manager’s stock worth $12,741,000 after purchasing an additional 1,842 shares in the last quarter. 82.96% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Martin L. Flanagan sold 422,860 shares of the company’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 452,860 shares of company stock worth $15,011,173. 1.80% of the stock is owned by company insiders.

Invesco stock opened at $28.55 on Tuesday. Invesco has a 12 month low of $28.18 and a 12 month high of $28.57. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.48 billion, a P/E ratio of 10.26, a PEG ratio of 0.97 and a beta of 1.70.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Invesco had a return on equity of 12.95% and a net margin of 21.96%. The business had revenue of $958.00 million for the quarter, compared to the consensus estimate of $979.91 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Invesco’s revenue for the quarter was up 10.5% on a year-over-year basis. analysts predict that Invesco will post 2.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be paid a $0.30 dividend. This is an increase from Invesco’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, May 10th. This represents a $1.20 annualized dividend and a yield of 4.20%. Invesco’s dividend payout ratio is presently 44.44%.

Several equities analysts have recently issued reports on IVZ shares. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, February 9th. ValuEngine lowered Invesco from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Citigroup lowered Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Invesco in a report on Thursday, February 1st. Finally, Barclays reduced their target price on Invesco from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Invesco presently has a consensus rating of “Hold” and a consensus target price of $40.36.

Invesco Company Profile

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.

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco (NYSE:IVZ).

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply