Mutual of Omaha Bank Wealth Management Takes Position in Invesco Ltd. (IVZ)
Mutual of Omaha Bank Wealth Management acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 25,614 shares of the asset manager’s stock, valued at approximately $936,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barings LLC boosted its stake in Invesco by 47.9% in the 4th quarter. Barings LLC now owns 79,035 shares of the asset manager’s stock worth $2,888,000 after purchasing an additional 25,600 shares during the period. Sei Investments Co. boosted its stake in Invesco by 8.4% in the 4th quarter. Sei Investments Co. now owns 201,452 shares of the asset manager’s stock worth $7,361,000 after purchasing an additional 15,651 shares during the period. AGF Investments America Inc. boosted its stake in shares of Invesco by 2.8% during the 4th quarter. AGF Investments America Inc. now owns 57,934 shares of the asset manager’s stock worth $2,117,000 after buying an additional 1,567 shares during the last quarter. Associated Banc Corp boosted its stake in shares of Invesco by 2.7% during the 4th quarter. Associated Banc Corp now owns 130,764 shares of the asset manager’s stock worth $4,778,000 after buying an additional 3,401 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new position in shares of Invesco during the 4th quarter worth about $520,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
A number of equities analysts have recently commented on the stock. Citigroup downgraded shares of Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America downgraded shares of Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Monday, January 8th. JPMorgan Chase & Co. set a $45.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Invesco presently has an average rating of “Buy” and an average price target of $40.57.
Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same period last year, the business posted $0.59 EPS. Invesco’s revenue was up 16.3% on a year-over-year basis. equities analysts predict that Invesco Ltd. will post 3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 annualized dividend and a yield of 3.57%. Invesco’s dividend payout ratio (DPR) is currently 42.34%.
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Invesco Company Profile
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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