Janney Montgomery Scott LLC raised its position in shares of Invesco Ltd. (NYSE:IVZ) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,399 shares of the asset manager’s stock after acquiring an additional 4,055 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco were worth $532,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Invesco by 0.7% during the second quarter. Vanguard Group Inc. now owns 45,201,641 shares of the asset manager’s stock valued at $924,825,000 after acquiring an additional 313,139 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco by 67.6% in the second quarter. Bank of America Corp DE now owns 27,756,146 shares of the asset manager’s stock valued at $567,890,000 after purchasing an additional 11,199,785 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco by 4.5% in the second quarter. JPMorgan Chase & Co. now owns 10,141,470 shares of the asset manager’s stock valued at $206,479,000 after purchasing an additional 441,091 shares during the last quarter. Morgan Stanley increased its holdings in shares of Invesco by 2.6% in the second quarter. Morgan Stanley now owns 4,546,892 shares of the asset manager’s stock valued at $93,030,000 after purchasing an additional 114,161 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Invesco by 1.8% in the second quarter. Northern Trust Corp now owns 4,506,496 shares of the asset manager’s stock valued at $92,203,000 after purchasing an additional 79,096 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.
IVZ stock opened at $17.42 on Thursday. The business has a fifty day moving average of $16.64 and a two-hundred day moving average of $18.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.54. Invesco Ltd. has a 52-week low of $15.15 and a 52-week high of $22.18.
Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that Invesco Ltd. will post 2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 7.12%. Invesco’s dividend payout ratio (DPR) is 51.03%.
Several equities research analysts recently commented on IVZ shares. Citigroup set a $16.50 price target on Invesco and gave the company a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Thursday, September 12th. ValuEngine cut Invesco from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Barclays increased their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Morgan Stanley set a $18.00 price target on Invesco and gave the company a “hold” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.14.
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.
Read More: Return on Investment (ROI)
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ).
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.