Commerce Bank raised its position in shares of Invesco Ltd. (NYSE:IVZ – Free Report) by 19.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,686 shares of the asset manager’s stock after buying an additional 2,194 shares during the period. Commerce Bank’s holdings in Invesco were worth $224,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in Invesco by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 46,490 shares of the asset manager’s stock valued at $836,000 after buying an additional 5,510 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Invesco by 21.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,189 shares of the asset manager’s stock worth $7,955,000 after purchasing an additional 78,005 shares during the period. Gabelli Funds LLC lifted its position in shares of Invesco by 2.6% in the 4th quarter. Gabelli Funds LLC now owns 155,000 shares of the asset manager’s stock worth $2,788,000 after purchasing an additional 4,000 shares during the period. Peterson Financial Group Inc. lifted its position in shares of Invesco by 138.7% in the 1st quarter. Peterson Financial Group Inc. now owns 40,506 shares of the asset manager’s stock worth $664,000 after purchasing an additional 23,537 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Invesco by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 9,204,556 shares of the asset manager’s stock worth $165,323,000 after purchasing an additional 319,016 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet cut shares of Invesco from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $15.00 to $16.00 in a research report on Wednesday, April 26th. BMO Capital Markets began coverage on shares of Invesco in a research report on Monday, July 10th. They set a “market perform” rating and a $21.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Invesco from $18.00 to $18.50 and gave the company a “neutral” rating in a research report on Friday, April 14th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.45.
Invesco Stock Down 1.7 %
NYSE:IVZ opened at $16.23 on Friday. The firm has a market cap of $7.44 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.30 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.15 and a current ratio of 5.15. Invesco Ltd. has a fifty-two week low of $13.20 and a fifty-two week high of $20.56. The firm has a 50-day simple moving average of $16.75 and a two-hundred day simple moving average of $16.80.
Invesco (NYSE:IVZ – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The asset manager reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). Invesco had a net margin of 15.29% and a return on equity of 7.54%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts predict that Invesco Ltd. will post 1.52 earnings per share for the current fiscal year.
Invesco Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.93%. Invesco’s dividend payout ratio is presently 56.74%.
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.
Featured Articles
- Five stocks we like better than Invesco
- Best Restaurant Stocks to Invest in Now
- Alibaba Explodes On Earnings, Inching Toward Triple Digit Prices
- What is a Non-Fungible Token (NFT)? Definition and How it Works
- Is It Time To Game The Roblox Market?
- Investing in Blue-Chip Stocks
- 2 Cheap Stocks The Insiders Are Buying
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.
