Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 60.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,946 shares of the asset manager’s stock after selling 505,254 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Invesco worth $7,458,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVZ. Sun Life Financial INC raised its position in shares of Invesco by 3,034.1% during the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock worth $110,000 after purchasing an additional 4,005 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Invesco by 80.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock worth $130,000 after purchasing an additional 2,539 shares during the period. First Interstate Bank raised its position in shares of Invesco by 66.7% during the third quarter. First Interstate Bank now owns 7,500 shares of the asset manager’s stock worth $172,000 after purchasing an additional 3,000 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in shares of Invesco during the third quarter worth about $173,000. Finally, Private Capital Group LLC raised its position in shares of Invesco by 134.0% during the second quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock worth $188,000 after purchasing an additional 4,055 shares during the period. 79.96% of the stock is currently owned by institutional investors.
NYSE:IVZ opened at $18.52 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. The stock has a market cap of $7.76 billion, a P/E ratio of 6.86, a PEG ratio of 0.81 and a beta of 1.50. Invesco Ltd. has a 52-week low of $18.39 and a 52-week high of $38.43.
Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $966.90 million during the quarter, compared to the consensus estimate of $972.49 million. Invesco had a return on equity of 12.25% and a net margin of 21.66%. Invesco’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, research analysts predict that Invesco Ltd. will post 2.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, November 13th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.48%. Invesco’s payout ratio is presently 44.44%.
IVZ has been the topic of a number of research analyst reports. Deutsche Bank dropped their price target on Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 16th. JPMorgan Chase & Co. set a $29.00 price target on Invesco and gave the stock a “buy” rating in a research report on Monday, September 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $30.00 price target on shares of Invesco in a research report on Friday, October 19th. Morgan Stanley dropped their price target on Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 9th. Finally, Zacks Investment Research raised Invesco from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.91.
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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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