Gradient Investments LLC lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,876 shares of the asset manager’s stock after buying an additional 11,887 shares during the quarter. Gradient Investments LLC’s holdings in Invesco were worth $8,217,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC bought a new position in shares of Invesco in the third quarter valued at about $145,000. Valeo Financial Advisors LLC bought a new position in shares of Invesco in the third quarter valued at about $160,000. Miles Capital Inc. bought a new position in shares of Invesco in the fourth quarter valued at about $205,000. Linscomb & Williams Inc. bought a new position in shares of Invesco in the fourth quarter valued at about $211,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Invesco in the third quarter valued at about $205,000. 81.07% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the company. Citigroup cut Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America cut Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Monday, January 8th. JPMorgan Chase & Co. set a $45.00 price objective on Invesco and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Invesco currently has a consensus rating of “Buy” and an average price target of $40.21.

Invesco Ltd. (NYSE:IVZ) opened at $32.44 on Friday. The stock has a market capitalization of $13,205.61, a PE ratio of 11.84, a PEG ratio of 0.87 and a beta of 1.74. Invesco Ltd. has a 12-month low of $29.36 and a 12-month high of $38.43. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. equities research analysts predict that Invesco Ltd. will post 3.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. Invesco’s payout ratio is currently 42.34%.

TRADEMARK VIOLATION WARNING: “Invesco Ltd. (IVZ) Shares Bought by Gradient Investments LLC” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://theolympiareport.com/2018/02/11/invesco-ltd-ivz-shares-bought-by-gradient-investments-llc.html.

About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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).

Institutional Ownership by Quarter for Invesco (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.