Schonfeld Strategic Advisors LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, Holdings Channel reports. The firm purchased 40,559 shares of the asset manager’s stock, valued at approximately $729,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hexavest Inc. grew its stake in Invesco by 136.7% in the 4th quarter. Hexavest Inc. now owns 1,411 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 815 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of Invesco during the 4th quarter valued at $25,000. Clear Investment Research LLC purchased a new stake in shares of Invesco during the 4th quarter valued at $27,000. Evoke Wealth LLC bought a new stake in shares of Invesco during the 3rd quarter worth $32,000. Finally, Thor Advisors LLC bought a new stake in shares of Invesco during the 3rd quarter worth $34,000. 67.09% of the stock is owned by institutional investors.

IVZ traded up $0.83 during trading on Thursday, reaching $9.81. The stock had a trading volume of 10,190,277 shares, compared to its average volume of 6,160,877. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.45 and a beta of 1.53. The stock’s 50 day moving average is $14.22 and its two-hundred day moving average is $16.49. Invesco Ltd. has a one year low of $7.38 and a one year high of $22.18.

Invesco (NYSE:IVZ) last announced its earnings results on Wednesday, January 29th. The asset manager reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. Invesco had a net margin of 10.20% and a return on equity of 12.00%. The business’s quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. On average, equities research analysts predict that Invesco Ltd. will post 2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 13th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.24 dividend on an annualized basis and a yield of 12.64%. Invesco’s dividend payout ratio (DPR) is currently 48.63%.

A number of equities analysts have weighed in on IVZ shares. Autonomous Res upgraded Invesco from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 20th. Bank of America decreased their price objective on shares of Invesco from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Co lowered shares of Invesco from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective for the company. in a report on Thursday, January 2nd. ValuEngine raised shares of Invesco from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Evercore ISI reaffirmed a “sell” rating and set a $17.00 target price on shares of Invesco in a research note on Thursday, January 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

Invesco 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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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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