Candriam Luxembourg S.C.A. Buys 2,556 Shares of Invesco Ltd. (IVZ)

Candriam Luxembourg S.C.A. raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,017 shares of the asset manager’s stock after purchasing an additional 2,556 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Invesco were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of IVZ. Norges Bank purchased a new stake in Invesco during the fourth quarter valued at approximately $64,251,000. Amundi Pioneer Asset Management Inc. raised its position in Invesco by 145.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,693,811 shares of the asset manager’s stock valued at $45,095,000 after purchasing an additional 1,594,809 shares during the period. BlackRock Inc. raised its position in Invesco by 4.6% during 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 during the period. Dimensional Fund Advisors LP raised its position in Invesco by 42.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock valued at $84,501,000 after purchasing an additional 1,507,660 shares during the period. Finally, CWM LLC raised its position in Invesco by 94,886.4% during 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 during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

In other news, Director Rod Canion acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $18.89 per share, with a total value of $377,800.00. Following the completion of the purchase, the director now directly owns 84,451 shares in the company, valued at $1,595,279.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ben F. Johnson III acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $21.37 per share, for a total transaction of $213,700.00. Following the purchase, the director now owns 54,618 shares of the company’s stock, valued at $1,167,186.66. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 40,000 shares of company stock worth $789,900. Company insiders own 1.90% of the company’s stock.



A number of equities research analysts have issued reports on the company. UBS Group downgraded Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective on the stock. in a research report on Monday. William Blair restated a “market perform” rating on shares of Invesco in a research report on Thursday, April 25th. Wells Fargo & Co upped their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, March 19th. Edward Jones downgraded Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Barclays downgraded Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.00.

Shares of NYSE IVZ opened at $20.59 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $28.98. The company has a market capitalization of $7.94 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $884.93 million. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Invesco Ltd. will post 2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.02%. This is an increase from Invesco’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 9th. Invesco’s dividend payout ratio is presently 51.03%.

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Invesco 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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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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