Teachers Advisors LLC decreased its stake in Invesco Ltd. (NYSE:IVZ) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 716,479 shares of the asset manager’s stock after selling 16,735 shares during the quarter. Teachers Advisors LLC owned approximately 0.17% of Invesco worth $16,393,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in IVZ. FMR LLC grew its stake in shares of Invesco by 8.5% during the 2nd quarter. FMR LLC now owns 3,493,596 shares of the asset manager’s stock valued at $92,790,000 after buying an additional 274,647 shares during the period. DNB Asset Management AS grew its position in Invesco by 8.3% in the 3rd quarter. DNB Asset Management AS now owns 62,484 shares of the asset manager’s stock valued at $1,430,000 after purchasing an additional 4,800 shares during the period. First Hawaiian Bank acquired a new stake in Invesco in the 3rd quarter valued at $227,000. Raymond James Trust N.A. acquired a new stake in Invesco in the 3rd quarter valued at $277,000. Finally, First American Bank acquired a new stake in Invesco in the 3rd quarter valued at $346,000. Institutional investors own 79.67% of the company’s stock.
IVZ has been the topic of several recent analyst reports. Zacks Investment Research cut Invesco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. Morgan Stanley set a $19.00 price objective on Invesco and gave the company a “hold” rating in a research note on Friday. Barclays lowered their target price on Invesco from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, December 3rd. Deutsche Bank cut Invesco from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $18.00 in a research note on Thursday, January 10th. Finally, Wells Fargo & Co cut Invesco from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $27.00 to $22.00 in a research note on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.70.
Invesco stock traded up $0.12 during midday trading on Monday, reaching $18.12. The stock had a trading volume of 14,307 shares, compared to its average volume of 4,773,277. Invesco Ltd. has a 12 month low of $15.38 and a 12 month high of $35.03. The stock has a market capitalization of $7.40 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55.
Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.88%. The firm had revenue of $919.20 million during the quarter, compared to the consensus estimate of $913.37 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Invesco Ltd. will post 2.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date is Wednesday, February 13th. Invesco’s dividend payout ratio is currently 49.38%.
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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.
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