Thrivent Financial for Lutherans boosted its holdings in shares of Invesco (NYSE:IVZ) by 103.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,348 shares of the asset manager’s stock after acquiring an additional 177,756 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Invesco worth $11,214,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in IVZ. Avestar Capital LLC acquired a new position in Invesco during the fourth quarter worth about $137,000. Miles Capital Inc. acquired a new position in shares of Invesco in the fourth quarter valued at approximately $205,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Invesco in the first quarter valued at approximately $210,000. Linscomb & Williams Inc. acquired a new position in shares of Invesco in the fourth quarter valued at approximately $211,000. Finally, Pineno Levin & Ford Asset Management Inc. acquired a new position in shares of Invesco in the fourth quarter valued at approximately $259,000. Institutional investors own 80.04% of the company’s stock.
A number of research firms have recently weighed in on IVZ. Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $42.00 to $43.00 in a research report on Wednesday, January 31st. Morgan Stanley reissued an “equal weight” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. ValuEngine lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Deutsche Bank raised shares of 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 report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $40.36.
Shares of Invesco opened at $28.61 on Tuesday, MarketBeat.com reports. The firm has a market capitalization of $11.66 billion, a PE ratio of 10.60, a PEG ratio of 0.99 and a beta of 1.70. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.72. Invesco has a twelve month low of $27.35 and a twelve month high of $38.43.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, April 26th. The asset manager reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $958.00 million during the quarter, compared to the consensus estimate of $979.91 million. Invesco had a net margin of 21.96% and a return on equity of 12.95%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. research analysts predict that Invesco will post 2.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This is a boost from Invesco’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 4.19%. Invesco’s dividend payout ratio is currently 44.44%.
In related news, insider Annette Lege sold 5,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $34.31, for a total value of $171,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sarah Beshar purchased 2,970 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the completion of the acquisition, the director now directly owns 8,837 shares of the company’s stock, valued at $294,448.84. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.
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).
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.