Capital Investment Advisory Services LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,052 shares of the asset manager’s stock, valued at approximately $235,000.
Several other hedge funds have also recently made changes to their positions in IVZ. Investors Research Corp raised its holdings in Invesco by 2.2% in the fourth quarter. Investors Research Corp now owns 36,450 shares of the asset manager’s stock valued at $610,000 after acquiring an additional 775 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in Invesco by 0.4% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 295,800 shares of the asset manager’s stock valued at $4,952,000 after acquiring an additional 1,100 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in Invesco by 0.6% in the third quarter. Standard Life Aberdeen plc now owns 208,784 shares of the asset manager’s stock valued at $4,778,000 after acquiring an additional 1,220 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Invesco by 10.6% in the fourth quarter. IFM Investors Pty Ltd now owns 24,488 shares of the asset manager’s stock valued at $410,000 after acquiring an additional 2,356 shares in the last quarter. Finally, First Interstate Bank raised its holdings in Invesco by 33.3% in the fourth quarter. First Interstate Bank now owns 10,000 shares of the asset manager’s stock valued at $167,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.
Several analysts recently issued reports on IVZ shares. Deutsche Bank cut their price target on shares of Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 price target on shares of Invesco in a report on Friday, October 19th. Barclays reaffirmed a “buy” rating and issued a $19.00 price target on shares of Invesco in a report on Thursday, January 10th. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Morgan Stanley cut their price target on shares of Invesco from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Invesco has an average rating of “Hold” and a consensus price target of $23.70.
Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.10). The business had revenue of $919.20 million for the quarter, compared to analyst estimates of $913.37 million. Invesco had a return on equity of 10.88% and a net margin of 16.61%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.22 EPS for the current 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 issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.67%. Invesco’s dividend payout ratio (DPR) is 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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