Carolina Wealth Advisors LLC increased its holdings in Invesco Ltd. (NYSE: IVZ – Get Rating) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,453 shares of the asset manager’s stock after purchasing an additional 831 shares during the period. Carolina Wealth Advisors LLC’s holdings in Invesco were worth $ 218,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of IVZ. Trian Fund Management LP increased its stake in Invesco by 23.7% in the 4th quarter. Trian Fund Management LP now owns 45,473,859 shares of the asset manager’s stock worth $ 1,182,320,000 after acquiring an additional 8,718,084 shares during the last quarter. State Street Corp increased its stake in Invesco by 1.5% in the 4th quarter. State Street Corp now owns 17,085,466 shares of the asset manager’s stock worth $ 393,307,000 after acquiring an additional 255,634 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Invesco by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,844,754 shares of the asset manager’s stock worth $ 180,586,000 after acquiring an additional 1,557,829 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco by 36.7% in the 4th quarter. JPMorgan Chase & Co. now owns 5,099,792 shares of the asset manager’s stock worth $ 117,398,000 after acquiring an additional 1,367,996 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Invesco by 20.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,867,639 shares of the asset manager’s stock worth $ 93,248,000 after acquiring an additional 654,338 shares during the last quarter. 67.53% of the stock is currently owned by institutional investors.
IVZ has been the topic of several analyst reports. BMO Capital Markets downgraded Invesco from an “outperform” rating to a “market perform” rating and cut their target price for the company from $ 25.00 to $ 20.00 in a research report on Monday, June 13th. The Goldman Sachs Group boosted their target price on Invesco from $ 23.00 to $ 24.50 and gave the company a “neutral” rating in a research report on Thursday, March 31st. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Invesco from $ 24.00 to $ 21.00 in a report on Thursday, May 19th. Finally, Citigroup lowered their target price on Invesco from $ 26.00 to $ 22.50 in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $ 24.40.
Shares of IVZ stock opened at $ 17.36 on Monday. The stock’s 50-day simple moving average is $ 18.46 and its 200-day simple moving average is $ 20.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 4.21 and a current ratio of 4.21. The firm has a market capitalization of $ 7.90 billion, a PE ratio of 6.09, a P / E / G ratio of 1.17 and a beta of 1.25. Invesco Ltd. has a fifty-two week low of $ 15.68 and a fifty-two week high of $ 27.70.
Invesco (NYSE: IVZ – Get Rating) last posted its earnings results on Tuesday, April 26th. The asset manager reported $ 0.56 EPS for the quarter, missing the consensus estimate of $ 0.61 by ($ 0.05). The company had revenue of $ 1.63 billion for the quarter, compared to analyst estimates of $ 1.28 billion. Invesco had a return on equity of 13.70% and a net margin of 22.72%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $ 0.68 earnings per share. Sell-side analysts forecast that Invesco Ltd. will post 2.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Tuesday, May 10th were issued a dividend of $ 0.188 per share. This represents a $ 0.75 annualized dividend and a yield of 4.33%. This is a positive change from Invesco’s previous quarterly dividend of $ 0.17. The ex-dividend date of this dividend was Monday, May 9th. Invesco’s dividend payout ratio (DPR) is 26.32%.
In related news, major shareholder Mm Asset Management Holding Ll bought 827,590 shares of the company stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $ 16.08 per share, with a total value of $ 13,307,647.20. Following the completion of the acquisition, the insider now directly owns 80,504,729 shares in the company, valued at $ 1,294,516,042.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Terry Vacheron purchased 4,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were acquired at an average price of $ 17.40 per share, for a total transaction of $ 69,600.00. Following the transaction, the chief accounting officer now directly owns 10,696 shares of the company stock, valued at approximately $ 186,110.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 4,056,190 shares of company stock worth $ 88,389,766. 1.94% of the stock is owned by corporate insiders.
About Invesco: (Get Rating)
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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