Gulf International Bank UK Ltd lessened its position in shares of Invesco Ltd. (NYSE:IVZ) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,528 shares of the asset manager’s stock after selling 1,153 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Invesco were worth $1,778,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of IVZ. First Horizon Advisors Inc. increased its position in Invesco by 2,601.7% in the first quarter. First Horizon Advisors Inc. now owns 1,567 shares of the asset manager’s stock worth $38,000 after buying an additional 1,509 shares in the last quarter. First National Bank of South Miami purchased a new stake in Invesco in the first quarter worth about $41,000. Maverick Capital Ltd. purchased a new stake in Invesco in the first quarter worth about $68,000. Harvest Fund Management Co. Ltd purchased a new stake in Invesco in the first quarter worth about $82,000. Finally, Harbour Investments Inc. purchased a new stake in Invesco in the first quarter worth about $83,000. Institutional investors own 61.85% of the company’s stock.
A number of analysts have commented on the company. Citigroup upgraded Invesco from a “neutral” rating to a “buy” rating and upped their price target for the stock from $29.00 to $34.00 in a research report on Monday, July 12th. raised Invesco from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $34.00 in a research note on Monday, July 12th. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Thursday, July 15th. Morgan Stanley dropped their price objective on Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 28th. Finally, Evercore ISI reaffirmed a “sell” rating and issued a $30.00 price objective on shares of Invesco in a research note on Friday, June 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $27.86.
Shares of Invesco stock opened at $26.25 on Friday. The stock has a 50 day moving average of $24.95 and a 200 day moving average of $26.00. Invesco Ltd. has a 12 month low of $9.93 and a 12 month high of $29.71. The firm has a market cap of $12.11 billion, a PE ratio of 11.72, a PEG ratio of 1.36 and a beta of 1.26. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.77.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 27th. The asset manager reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. Invesco had a return on equity of 13.73% and a net margin of 19.60%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. As a group, equities research analysts forecast that Invesco Ltd. will post 3.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 13th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, August 12th. Invesco’s payout ratio is 35.23%.
Invesco Company Profile
Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.
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