Thrivent Financial for Lutherans lifted its position in shares of Invesco (NYSE:IVZ) by 103.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,348 shares of the asset manager’s stock after buying an additional 177,756 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of Invesco worth $11,214,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its stake in shares of Invesco by 17.5% in the fourth quarter. First Republic Investment Management Inc. now owns 43,416 shares of the asset manager’s stock valued at $1,586,000 after buying an additional 6,457 shares in the last quarter. Sawtooth Solutions LLC lifted its position in shares of Invesco by 205.1% during the fourth quarter. Sawtooth Solutions LLC now owns 43,530 shares of the asset manager’s stock valued at $1,590,000 after purchasing an additional 29,264 shares in the last quarter. MUFG Americas Holdings Corp lifted its position in shares of Invesco by 302.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock valued at $1,085,000 after purchasing an additional 22,312 shares in the last quarter. ETRADE Capital Management LLC lifted its position in shares of Invesco by 137.8% during the fourth quarter. ETRADE Capital Management LLC now owns 13,937 shares of the asset manager’s stock valued at $509,000 after purchasing an additional 8,076 shares in the last quarter. Finally, FDx Advisors Inc. lifted its position in shares of Invesco by 2.1% during the fourth quarter. FDx Advisors Inc. now owns 102,153 shares of the asset manager’s stock valued at $3,733,000 after purchasing an additional 2,108 shares in the last quarter. Institutional investors own 79.76% of the company’s stock.
IVZ has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Invesco from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 price objective on shares of Invesco in a report on Wednesday, April 11th. Morgan Stanley decreased their price objective on shares of Invesco from $40.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. Zacks Investment Research downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Finally, TheStreet downgraded shares of Invesco from a “b-” rating to a “c+” rating in a research note on Tuesday, May 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Invesco has a consensus rating of “Hold” and an average target price of $39.93.
In other Invesco news, major shareholder Ltd. Invesco bought 2,127,659 shares of Invesco stock in a transaction dated Tuesday, May 22nd. The shares were purchased at an average cost of $4.69 per share, with a total value of $9,978,720.71. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martin L. Flanagan sold 422,860 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $33.12, for a total transaction of $14,005,123.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Shares of NYSE IVZ traded down $0.70 during mid-day trading on Wednesday, hitting $27.26. The stock had a trading volume of 3,325,900 shares, compared to its average volume of 3,524,649. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.72. Invesco has a 1 year low of $26.93 and a 1 year high of $38.43. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.96 and a beta of 1.67.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, April 26th. The asset manager reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $958.00 million for the quarter, compared to the consensus estimate of $979.91 million. Invesco had a net margin of 21.96% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. equities research analysts anticipate that Invesco will post 2.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were given a dividend of $0.30 per share. This is an increase from Invesco’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Thursday, May 10th. Invesco’s payout ratio is presently 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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