Czech National Bank acquired a new position in shares of Invesco Ltd. (NYSE:IVZ – Get Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,817 shares of the asset manager’s stock, valued at approximately $724,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Invesco by 4.6% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,883 shares of the asset manager’s stock worth $224,000 after acquiring an additional 610 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Invesco by 4.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 14,387 shares of the asset manager’s stock worth $232,000 after acquiring an additional 644 shares in the last quarter. Diversified Trust Co boosted its position in shares of Invesco by 2.9% during the 2nd quarter. Diversified Trust Co now owns 25,105 shares of the asset manager’s stock worth $405,000 after acquiring an additional 696 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Invesco by 1.0% during the 2nd quarter. DnB Asset Management AS now owns 75,939 shares of the asset manager’s stock worth $1,225,000 after acquiring an additional 779 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in shares of Invesco by 2.6% in the 2nd quarter. Cetera Advisor Networks LLC now owns 30,731 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 788 shares during the period. 69.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
IVZ has been the subject of a number of research analyst reports. UBS Group cut Invesco from a “buy” rating to a “neutral” rating and upped their target price for the company from $19.00 to $20.00 in a research report on Tuesday, January 10th. Wells Fargo & Company initiated coverage on Invesco in a research report on Wednesday, December 14th. They issued an “overweight” rating and a $22.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $17.50 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Morgan Stanley decreased their target price on Invesco from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Finally, StockNews.com initiated coverage on Invesco in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.63.
Invesco Stock Performance
Invesco (NYSE:IVZ – Get Rating) last issued its earnings results on Tuesday, October 25th. The asset manager reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a return on equity of 10.39% and a net margin of 18.21%. The business’s quarterly revenue was down 17.4% on a year-over-year basis. During the same period last year, the company posted $0.77 earnings per share. On average, equities analysts forecast that Invesco Ltd. will post 1.66 EPS for the current year.
Invesco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Friday, November 11th were paid a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Wednesday, November 9th. Invesco’s dividend payout ratio (DPR) is 37.50%.
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.
- Get a free copy of the StockNews.com research report on Invesco (IVZ)
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