Bridgewater Associates LP boosted its position in Invesco Ltd. (NYSE:IVZ) by 42.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,073 shares of the asset manager’s stock after purchasing an additional 306,507 shares during the period. Bridgewater Associates LP owned about 0.25% of Invesco worth $23,522,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in Invesco by 62.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 93,072 shares of the asset manager’s stock worth $2,472,000 after buying an additional 35,710 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Invesco by 15.7% in the second quarter. OppenheimerFunds Inc. now owns 24,443 shares of the asset manager’s stock valued at $649,000 after purchasing an additional 3,308 shares during the period. Nelson Roberts Investment Advisors LLC grew its position in shares of Invesco by 3.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 200,272 shares of the asset manager’s stock valued at $4,582,000 after purchasing an additional 6,145 shares during the period. Standard Life Aberdeen plc grew its position in shares of Invesco by 12.5% in the second quarter. Standard Life Aberdeen plc now owns 207,564 shares of the asset manager’s stock valued at $5,513,000 after purchasing an additional 22,993 shares during the period. Finally, Cadence Capital Management LLC grew its position in shares of Invesco by 9.8% in the second quarter. Cadence Capital Management LLC now owns 64,927 shares of the asset manager’s stock valued at $1,724,000 after purchasing an additional 5,788 shares during the period. 81.65% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Deutsche Bank lowered their price objective on Invesco from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Morgan Stanley lowered their price objective on Invesco from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Barclays lowered their price objective on Invesco from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Invesco in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Invesco has a consensus rating of “Hold” and an average price target of $30.00.
Shares of NYSE:IVZ opened at $20.25 on Friday. Invesco Ltd. has a 52 week low of $19.28 and a 52 week high of $38.43. The firm has a market capitalization of $8.51 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The firm had revenue of $966.90 million for the quarter, compared to analysts’ expectations of $972.49 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts anticipate that Invesco Ltd. will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, November 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Friday, November 9th. Invesco’s payout ratio is currently 44.44%.
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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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