Capital Analysts LLC Buys 682 Shares of Invesco Ltd. (NYSE:IVZ)

Capital Analysts LLC lifted its holdings in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 103.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,339 shares of the asset manager’s stock after purchasing an additional 682 shares during the period. Capital Analysts LLC’s holdings in Invesco were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IVZ. Balasa Dinverno & Foltz LLC lifted its stake in shares of Invesco by 5.7% during the fourth quarter. Balasa Dinverno & Foltz LLC now owns 9,243 shares of the asset manager’s stock valued at $213,000 after acquiring an additional 498 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Invesco by 4.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 12,912 shares of the asset manager’s stock worth $311,000 after buying an additional 539 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Invesco by 3.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,971 shares of the asset manager’s stock worth $483,000 after buying an additional 618 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Invesco by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 38,050 shares of the asset manager’s stock worth $876,000 after buying an additional 647 shares in the last quarter. Finally, People s United Financial Inc. grew its stake in Invesco by 0.7% in the third quarter. People s United Financial Inc. now owns 108,905 shares of the asset manager’s stock valued at $2,626,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 67.53% of the company’s stock.

In other Invesco news, CEO Martin L. Flanagan sold 189,708 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $19.51, for a total value of $3,701,203.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Terry Vacheron bought 4,000 shares of Invesco stock in a transaction that occurred on Tuesday, May 10th. The shares were acquired at an average cost of $17.40 per share, with a total value of $69,600.00. Following the acquisition, the chief accounting officer now owns 10,696 shares of the company’s stock, valued at $186,110.40. The disclosure for this purchase can be found here. Insiders purchased a total of 8,459,690 shares of company stock valued at $181,140,834 in the last ninety days. 1.94% of the stock is currently owned by insiders.

IVZ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Invesco from $26.00 to $24.00 in a research note on Wednesday, April 27th. Evercore ISI lowered their price target on Invesco from $28.00 to $25.00 and set an “inline” rating for the company in a report on Wednesday, January 26th. Royal Bank of Canada reduced their price objective on Invesco from $26.00 to $23.00 in a research report on Tuesday, January 25th. Citigroup reduced their price target on Invesco from $26.00 to $22.50 in a research report on Wednesday, April 27th. Finally, Bank of America dropped their price objective on Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $25.82.

IVZ stock opened at $17.84 on Friday. The firm has a 50 day moving average price of $20.63 and a 200-day moving average price of $22.40. Invesco Ltd. has a 52-week low of $16.76 and a 52-week high of $29.71. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 4.21 and a current ratio of 4.21.

Invesco (NYSE:IVZGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The asset manager reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Invesco had a return on equity of 13.70% and a net margin of 22.72%. Invesco’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, sell-side analysts forecast that Invesco Ltd. will post 2.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Tuesday, May 10th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Monday, May 9th. This represents a $0.75 annualized dividend and a yield of 4.22%. This is an increase from Invesco’s previous quarterly dividend of $0.17. Invesco’s dividend payout ratio is currently 26.32%.

About Invesco (Get Rating)

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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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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