Valueworks LLC lowered its position in Invesco Ltd. (NYSE:IVZ – Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,164 shares of the asset manager’s stock after selling 1,701 shares during the quarter. Invesco accounts for about 1.6% of Valueworks LLC’s holdings, making the stock its 22nd largest position. Valueworks LLC owned 0.06% of Invesco worth $4,135,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in Invesco by 5.6% during the fourth quarter. Van ECK Associates Corp now owns 10,094 shares of the asset manager’s stock worth $182,000 after buying an additional 537 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Invesco by 4.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,862 shares of the asset manager’s stock valued at $267,000 after acquiring an additional 618 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Invesco by 3.1% in the first quarter. Assenagon Asset Management S.A. now owns 20,529 shares of the asset manager’s stock valued at $337,000 after acquiring an additional 624 shares during the period. PFG Private Wealth Management LLC increased its stake in Invesco by 16.5% in the first quarter. PFG Private Wealth Management LLC now owns 4,478 shares of the asset manager’s stock valued at $73,000 after acquiring an additional 633 shares during the period. Finally, TCI Wealth Advisors Inc. increased its stake in Invesco by 19.4% in the first quarter. TCI Wealth Advisors Inc. now owns 4,002 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 649 shares during the period. Institutional investors and hedge funds own 66.27% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Invesco in a research note on Monday, July 10th. They issued a “market perform” rating and a $21.00 target price on the stock. TheStreet cut Invesco from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Royal Bank of Canada upped their price target on Invesco from $17.00 to $19.00 in a research report on Friday, July 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $17.00 price target on shares of Invesco in a research report on Tuesday, July 25th. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.45.
Invesco Trading Up 0.7 %
IVZ opened at $15.45 on Friday. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $6.93 billion, a PE ratio of 10.96, a PEG ratio of 1.36 and a beta of 1.39. Invesco Ltd. has a 1-year low of $13.20 and a 1-year high of $20.56. The firm has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $16.32.
Invesco (NYSE:IVZ – Get Free Report) last released its earnings results on Tuesday, July 25th. The asset manager reported $0.31 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Invesco Ltd. will post 1.53 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 11th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.18%. Invesco’s dividend payout ratio (DPR) is presently 56.74%.
Insider Buying and Selling
In related news, major shareholder Invesco Realty, Inc. acquired 2,800,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was acquired at an average cost of $25.00 per share, with a total value of $70,000,000.00. Following the completion of the purchase, the insider now directly owns 853,400 shares in the company, valued at $21,335,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.
About Invesco
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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