Rockland Trust Co. increased its holdings in Invesco Ltd. (NYSE:IVZ) by 31.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,384 shares of the asset manager’s stock after acquiring an additional 21,537 shares during the period. Rockland Trust Co.’s holdings in Invesco were worth $1,410,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in IVZ. Rehmann Capital Advisory Group grew its stake in shares of Invesco by 100.0% in the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after purchasing an additional 669 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Invesco in the 2nd quarter valued at $29,000. Asset Dedication LLC boosted its position in shares of Invesco by 142.9% in the 2nd quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors boosted its position in shares of Invesco by 333.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 1,413 shares during the period. Finally, First National Corp MA ADV acquired a new position in shares of Invesco in the 1st quarter valued at $332,000. 67.82% of the stock is owned by hedge funds and other institutional investors.
IVZ stock opened at $15.84 on Friday. The company has a market cap of $7.23 billion, a P/E ratio of 6.52, a PEG ratio of 0.83 and a beta of 1.54. Invesco Ltd. has a twelve month low of $15.15 and a twelve month high of $22.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $16.28 and a 200-day moving average of $19.03.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Invesco had a return on equity of 10.23% and a net margin of 11.45%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.44 earnings per share for the current fiscal year.
A number of research firms recently weighed in on IVZ. Barclays reiterated a “hold” rating and issued a $16.00 price target on shares of Invesco in a research report on Wednesday. Wells Fargo & Co reiterated a “market perform” rating and issued a $17.00 price target (down previously from $23.00) on shares of Invesco in a research report on Thursday. Morgan Stanley decreased their price target on Invesco from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets began coverage on Invesco in a research note on Monday, October 7th. They issued a “market perform” rating and a $18.00 price objective for the company. Finally, Citigroup set a $20.00 price objective on Invesco and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Invesco currently has an average rating of “Hold” and an average target price of $20.42.
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.
Featured Article: Google Finance
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.