BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,221 shares of the asset manager’s stock after purchasing an additional 12,686 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Invesco were worth $2,331,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of IVZ. Federated Investors Inc. PA grew its holdings in shares of Invesco by 114.1% in the third quarter. Federated Investors Inc. PA now owns 5,085,662 shares of the asset manager’s stock valued at $116,361,000 after purchasing an additional 2,709,900 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Invesco by 4.6% in the fourth quarter. BlackRock Inc. now owns 34,987,298 shares of the asset manager’s stock valued at $585,687,000 after purchasing an additional 1,552,429 shares in the last quarter. CWM LLC grew its holdings in shares of Invesco by 94,886.4% in the fourth quarter. CWM LLC now owns 1,440,943 shares of the asset manager’s stock valued at $24,121,000 after purchasing an additional 1,439,426 shares in the last quarter. Kiltearn Partners LLP grew its holdings in shares of Invesco by 18.9% in the third quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock valued at $200,390,000 after purchasing an additional 1,393,287 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Invesco by 60.9% in the third quarter. Schroder Investment Management Group now owns 3,664,694 shares of the asset manager’s stock valued at $83,848,000 after purchasing an additional 1,386,674 shares in the last quarter. 78.00% of the stock is owned by hedge funds and other institutional investors.
In other Invesco news, major shareholder Ltd. Invesco bought 425,531 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rod Canion bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were acquired at an average price of $17.97 per share, with a total value of $179,700.00. Following the completion of the transaction, the director now owns 64,451 shares of the company’s stock, valued at approximately $1,158,184.47. The disclosure for this purchase can be found here. Insiders have acquired 455,531 shares of company stock valued at $1,680,902 over the last ninety days. 1.80% of the stock is owned by insiders.
IVZ has been the subject of a number of recent research reports. Barclays cut their target price on shares of Invesco from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, December 3rd. Wells Fargo & Co lowered shares of Invesco from an “outperform” rating to a “market perform” rating and cut their target price for the company from $27.00 to $22.00 in a report on Tuesday, December 4th. Citigroup cut their target price on shares of Invesco from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. Zacks Investment Research lowered shares of Invesco from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 8th. Finally, Deutsche Bank lowered shares of Invesco from a “buy” rating to a “hold” rating and cut their target price for the company from $25.00 to $18.00 in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Invesco currently has an average rating of “Hold” and an average target price of $23.70.
NYSE IVZ opened at $19.78 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.85. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.09 and a beta of 1.53. Invesco Ltd. has a 52 week low of $15.38 and a 52 week high of $33.55.
Invesco (NYSE:IVZ) last posted its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.10). The firm had revenue of $919.20 million for the quarter, compared to analysts’ expectations of $913.37 million. Invesco had a return on equity of 10.96% and a net margin of 16.61%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. Analysts predict that Invesco Ltd. will post 2.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, February 13th. Invesco’s payout ratio is 49.38%.
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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