Invesco Ltd. (IVZ) Shares Bought by Gradient Investments LLC
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 (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%.
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.
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