World Asset Management Inc lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,185 shares of the asset manager’s stock after purchasing an additional 978 shares during the quarter. World Asset Management Inc’s holdings in Invesco were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its holdings in shares of Invesco by 21.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,909 shares of the asset manager’s stock worth $56,000 after purchasing an additional 519 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Invesco by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock worth $28,000 after purchasing an additional 532 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Invesco by 100.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after purchasing an additional 669 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Invesco by 46.2% during the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock worth $38,000 after purchasing an additional 699 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Invesco by 1.4% during the 1st quarter. MML Investors Services LLC now owns 56,074 shares of the asset manager’s stock worth $1,083,000 after purchasing an additional 749 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.
IVZ stock traded down $0.18 during trading on Friday, hitting $17.84. The company had a trading volume of 5,407,386 shares, compared to its average volume of 5,439,417. The firm’s fifty day moving average is $20.10. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.15 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.95 and a beta of 1.51. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $25.82.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Invesco had a return on equity of 10.23% and a net margin of 11.45%. Invesco’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, analysts expect that Invesco Ltd. will post 2.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.31 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.24 annualized dividend and a yield of 6.95%. Invesco’s payout ratio is 51.03%.
In other Invesco news, Director G Richard Wagoner, Jr. acquired 10,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $20.71 per share, for a total transaction of $207,100.00. Following the transaction, the director now owns 25,648 shares in the company, valued at approximately $531,170.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ltd. Invesco acquired 2,222,222 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,242,222 shares of company stock valued at $10,405,499. Corporate insiders own 1.90% of the company’s stock.
Several analysts have recently weighed in on the company. UBS Group lowered Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective on the stock. in a report on Monday, May 13th. Citigroup set a $20.00 price target on Invesco and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group lowered Invesco from a “buy” rating to a “hold” rating and decreased their price target for the company from $24.00 to $23.00 in a research note on Friday, June 7th. Deutsche Bank set a $21.00 price target on Invesco and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.36.
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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