Raymond James Trust N.A. cut its holdings in Invesco Ltd. (NYSE:IVZ) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,989 shares of the asset manager’s stock after selling 1,592 shares during the period. Raymond James Trust N.A.’s holdings in Invesco were worth $342,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Invesco by 67.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,727,961 shares of the asset manager’s stock worth $113,972,000 after acquiring an additional 2,706,950 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Invesco by 16,854.7% in the second quarter. Nuveen Asset Management LLC now owns 1,975,556 shares of the asset manager’s stock valued at $40,420,000 after purchasing an additional 1,963,904 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Invesco by 4,002.2% in the second quarter. Cubist Systematic Strategies LLC now owns 521,466 shares of the asset manager’s stock valued at $10,669,000 after purchasing an additional 508,754 shares during the last quarter. First Trust Advisors LP raised its holdings in Invesco by 27.1% during the third quarter. First Trust Advisors LP now owns 1,858,821 shares of the asset manager’s stock worth $31,488,000 after purchasing an additional 396,078 shares in the last quarter. Finally, Algebris UK Ltd acquired a new stake in Invesco during the third quarter worth approximately $5,402,000. Institutional investors own 66.80% of the company’s stock.
Invesco stock opened at $18.32 on Friday. The stock has a 50 day moving average of $17.67 and a two-hundred day moving average of $17.43. Invesco Ltd. has a twelve month low of $15.15 and a twelve month high of $22.18. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.78 and a beta of 1.55. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.13. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. Equities analysts predict that Invesco Ltd. will post 2.62 earnings per share for the current year.
A number of research analysts recently commented on the stock. ValuEngine raised shares of Invesco from a “strong sell” rating to a “sell” rating in a research report on Friday, January 3rd. Morgan Stanley set a $18.00 price objective on Invesco and gave the stock a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada cut Invesco from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $22.00 to $19.00 in a research report on Friday, January 3rd. Citigroup set a $16.50 price target on Invesco and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Barclays reaffirmed a “hold” rating and set a $16.00 price target on shares of Invesco in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.86.
Invesco Company 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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