HPM Partners LLC increased its position in Invesco Ltd. (NYSE:IVZ) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,992 shares of the asset manager’s stock after acquiring an additional 7,924 shares during the period. HPM Partners LLC’s holdings in Invesco were worth $3,288,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital International Investors raised its stake in Invesco by 9.2% during the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock valued at $487,666,000 after buying an additional 1,169,200 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Invesco by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock valued at $394,807,000 after buying an additional 538,969 shares during the last quarter. American Century Companies Inc. raised its stake in Invesco by 1.8% during the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock valued at $352,700,000 after buying an additional 173,766 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Invesco by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock valued at $328,466,000 after buying an additional 88,330 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Invesco by 45.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock valued at $270,516,000 after buying an additional 2,306,093 shares during the last quarter. Institutional investors own 82.31% of the company’s stock.
IVZ has been the subject of a number of research reports. Royal Bank of Canada set a $47.00 target price on shares of Invesco and gave the company a “buy” rating in a research note on Saturday, December 16th. Morgan Stanley lowered shares of Invesco from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $40.00 to $39.00 in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Citigroup lowered shares of Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, Credit Suisse Group upgraded shares of Invesco from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $42.00 to $43.00 in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Invesco currently has an average rating of “Hold” and a consensus price target of $40.57.
Invesco (NYSE:IVZ) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $982.86 million. Invesco had a return on equity of 13.20% and a net margin of 21.85%. Invesco’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. research analysts anticipate that Invesco Ltd. will post 3.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th were paid a $0.29 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invesco’s dividend payout ratio (DPR) is 42.34%.
In other news, Director Sarah Beshar bought 2,970 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $33.32 per share, with a total value of $98,960.40. Following the acquisition, the director now owns 8,837 shares of the company’s stock, valued at approximately $294,448.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total transaction of $834,500.00. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
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Invesco Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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