AMP Capital Investors Ltd increased its position in Invesco Ltd. (NYSE:IVZ) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,540 shares of the asset manager’s stock after purchasing an additional 5,379 shares during the period. AMP Capital Investors Ltd owned approximately 0.07% of Invesco worth $7,585,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC bought a new position in Invesco during the 1st quarter valued at $100,000. Silvant Capital Management LLC bought a new position in Invesco during the 1st quarter valued at $103,000. Sun Life Financial INC lifted its stake in Invesco by 3,034.1% during the 2nd quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock valued at $110,000 after acquiring an additional 4,005 shares in the last quarter. First Interstate Bank lifted its stake in Invesco by 89.2% during the 2nd quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 2,122 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Invesco by 51.4% during the 2nd quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock valued at $178,000 after acquiring an additional 2,277 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.
Several brokerages have weighed in on IVZ. UBS Group raised their price objective on Invesco from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 24th. Credit Suisse Group dropped their price objective on Invesco from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, July 13th. Keefe, Bruyette & Woods cut Invesco from an “outperform” rating to a “market perform” rating in a research note on Friday, July 13th. JPMorgan Chase & Co. dropped their price objective on Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Finally, TheStreet cut Invesco from a “b-” rating to a “c+” rating in a research note on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.79.
NYSE IVZ opened at $23.36 on Friday. The firm has a market cap of $9.86 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.65. Invesco Ltd. has a one year low of $23.25 and a one year high of $38.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, July 26th. The asset manager reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The company had revenue of $974.00 million for the quarter, compared to analysts’ expectations of $960.91 million. Invesco had a return on equity of 12.70% and a net margin of 21.64%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. sell-side analysts forecast that Invesco Ltd. will post 2.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Thursday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Wednesday, August 15th. Invesco’s payout ratio is 44.44%.
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.
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