Oregon Public Employees Retirement Fund lifted its position in Invesco Ltd. (NYSE:IVZ) by 87.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,771 shares of the asset manager’s stock after purchasing an additional 39,648 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Invesco were worth $1,419,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco by 80.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock worth $130,000 after acquiring an additional 2,539 shares in the last quarter. First Interstate Bank grew its position in Invesco by 33.3% in the fourth quarter. First Interstate Bank now owns 10,000 shares of the asset manager’s stock worth $167,000 after acquiring an additional 2,500 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Invesco in the third quarter worth about $173,000. Gideon Capital Advisors Inc. purchased a new position in Invesco in the third quarter worth about $211,000. Finally, First Hawaiian Bank purchased a new position in Invesco in the third quarter worth about $227,000. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently commented on IVZ shares. Credit Suisse Group dropped their price target on Invesco from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 14th. Morgan Stanley set a $19.00 price target on Invesco and gave the stock a “hold” rating in a research report on Friday. Barclays dropped their price target on Invesco from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, December 3rd. Deutsche Bank lowered Invesco from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Thursday, January 10th. Finally, Zacks Investment Research lowered Invesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 8th. 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 stock. Invesco has an average rating of “Hold” and an average target price of $23.70.
Shares of NYSE:IVZ traded up $0.10 during trading hours on Monday, hitting $18.10. 8,960 shares of the company’s stock traded hands, compared to its average volume of 4,773,277. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $35.03. The firm has a market capitalization of $7.40 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. 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 announced its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $919.20 million for the quarter, compared to analysts’ expectations of $913.37 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts expect that Invesco Ltd. will post 2.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 6.63%. Invesco’s dividend payout ratio (DPR) is presently 49.38%.
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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.
Further Reading: Mutual Funds
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