First Trust Advisors LP boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,437,302 shares of the asset manager’s stock after purchasing an additional 353,138 shares during the quarter. First Trust Advisors LP owned about 0.35% of Invesco worth $32,885,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Xact Kapitalforvaltning AB increased its stake in Invesco by 2.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 97,871 shares of the asset manager’s stock worth $2,599,000 after acquiring an additional 2,100 shares during the last quarter. HPM Partners LLC increased its stake in Invesco by 4.7% in the 2nd quarter. HPM Partners LLC now owns 46,858 shares of the asset manager’s stock worth $1,245,000 after acquiring an additional 2,109 shares during the last quarter. First Interstate Bank increased its stake in Invesco by 89.2% in the 2nd quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock worth $120,000 after acquiring an additional 2,122 shares during the last quarter. Buckingham Capital Management Inc. boosted its holdings in shares of Invesco by 6.7% in the 2nd quarter. Buckingham Capital Management Inc. now owns 34,285 shares of the asset manager’s stock worth $911,000 after purchasing an additional 2,143 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Invesco by 2.8% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 81,751 shares of the asset manager’s stock worth $2,171,000 after purchasing an additional 2,198 shares during the period. 78.83% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on IVZ. Credit Suisse Group dropped their price objective on Invesco from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, July 27th. JPMorgan Chase & Co. dropped their price objective on Invesco from $34.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Morgan Stanley dropped their price objective on Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, August 2nd. Royal Bank of Canada restated a “buy” rating and set a $35.00 price objective on shares of Invesco in a report on Friday, July 27th. Finally, Wells Fargo & Co dropped their price objective on Invesco from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Invesco presently has an average rating of “Hold” and a consensus price target of $31.67.
Shares of IVZ stock opened at $21.62 on Friday. Invesco Ltd. has a twelve month low of $19.66 and a twelve month high of $38.43. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.93 and a beta of 1.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.55 and a quick ratio of 1.55.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The business had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Invesco Ltd. will post 2.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, November 9th. Invesco’s dividend payout ratio is 44.44%.
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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