Sigma Planning Corp raised its holdings in Invesco Ltd. (NYSE:IVZ – Free Report) by 95.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,601 shares of the asset manager’s stock after buying an additional 14,465 shares during the period. Sigma Planning Corp’s holdings in Invesco were worth $485,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Truist Financial Corp raised its stake in Invesco by 2.2% in the first quarter. Truist Financial Corp now owns 135,608 shares of the asset manager’s stock valued at $2,224,000 after buying an additional 2,964 shares in the last quarter. Assetmark Inc. raised its stake in Invesco by 16.9% in the first quarter. Assetmark Inc. now owns 23,504 shares of the asset manager’s stock valued at $385,000 after buying an additional 3,401 shares in the last quarter. MQS Management LLC acquired a new stake in Invesco in the first quarter valued at $228,000. Commerce Bank increased its position in shares of Invesco by 19.1% during the first quarter. Commerce Bank now owns 13,686 shares of the asset manager’s stock worth $224,000 after purchasing an additional 2,194 shares in the last quarter. Finally, Ellevest Inc. increased its position in shares of Invesco by 14.3% during the first quarter. Ellevest Inc. now owns 5,599 shares of the asset manager’s stock worth $92,000 after purchasing an additional 700 shares in the last quarter. 65.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Invesco from $15.00 to $16.00 in a research report on Wednesday, April 26th. Royal Bank of Canada lifted their target price on Invesco from $17.00 to $19.00 in a research report on Friday, July 21st. Morgan Stanley reiterated an “equal weight” rating and set a $17.00 target price on shares of Invesco in a research report on Tuesday, July 25th. Citigroup lifted their target price on Invesco from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, July 14th. Finally, TheStreet cut Invesco from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.45.
Invesco Price Performance
Shares of IVZ opened at $16.39 on Friday. Invesco Ltd. has a twelve month low of $13.20 and a twelve month high of $20.56. The stock’s 50 day moving average is $16.81 and its two-hundred day moving average is $16.78. The firm has a market capitalization of $7.51 billion, a PE ratio of 11.62, a P/E/G ratio of 1.29 and a beta of 1.38. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.71.
Invesco (NYSE:IVZ – Get Free Report) last announced 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.39 EPS. Invesco’s revenue for the quarter was down 7.1% compared to the same quarter last year. Research analysts anticipate that Invesco Ltd. will post 1.52 earnings per share for the current year.
Invesco Dividend Announcement
The company 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Thursday, August 10th. Invesco’s dividend payout ratio (DPR) is 56.74%.
Invesco 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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