First Long Island Investors LLC Buys 1,842 Shares of Invesco Ltd. (IVZ)
First Long Island Investors LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,685 shares of the asset manager’s stock after acquiring an additional 1,842 shares during the quarter. Invesco makes up about 1.7% of First Long Island Investors LLC’s portfolio, making the stock its 29th biggest position. First Long Island Investors LLC’s holdings in Invesco were worth $12,741,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Sun Life Financial INC bought a new stake in Invesco during the 3rd quarter valued at $145,000. Valeo Financial Advisors LLC bought a new stake in Invesco during the 3rd quarter valued at $160,000. ETRADE Capital Management LLC bought a new stake in Invesco during the 3rd quarter valued at $205,000. Miles Capital Inc. bought a new stake in Invesco during the 4th quarter valued at $205,000. Finally, Linscomb & Williams Inc. bought a new stake in Invesco during the 4th quarter valued at $211,000. 81.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Invesco Ltd. (NYSE IVZ) opened at $32.44 on Friday. Invesco Ltd. has a 52-week low of $29.36 and a 52-week high of $38.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $13,205.61, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.87 and a beta of 1.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. Invesco’s dividend payout ratio is currently 42.34%.
Several brokerages have issued reports on IVZ. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday. Credit Suisse Group reissued a “buy” rating on shares of Invesco in a research report on Thursday, February 1st. Morgan Stanley reissued an “equal weight” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Invesco in a research report on Wednesday. Citigroup raised their price objective on Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, JPMorgan Chase & Co. set a $45.00 price objective on Invesco and gave the stock a “buy” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $40.21.
Invesco Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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