Crossmark Global Holdings Inc. boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 16.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,026 shares of the asset manager’s stock after buying an additional 5,527 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Invesco were worth $1,426,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Sentry Investment Management LLC increased its stake in Invesco by 0.9% in the second quarter. Sentry Investment Management LLC now owns 25,726 shares of the asset manager’s stock worth $905,000 after purchasing an additional 229 shares during the period. Bank of Nova Scotia increased its stake in Invesco by 10.3% in the second quarter. Bank of Nova Scotia now owns 10,573 shares of the asset manager’s stock worth $372,000 after purchasing an additional 987 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Invesco by 7.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,862 shares of the asset manager’s stock worth $664,000 after purchasing an additional 1,307 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Invesco by 2.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 67,087 shares of the asset manager’s stock worth $2,351,000 after purchasing an additional 1,400 shares during the period. Finally, ING Groep NV increased its stake in Invesco by 6.8% in the third quarter. ING Groep NV now owns 22,242 shares of the asset manager’s stock worth $779,000 after purchasing an additional 1,422 shares during the period. Institutional investors own 80.36% of the company’s stock.
A number of analysts have weighed in on IVZ shares. Royal Bank of Canada set a $47.00 target price on Invesco and gave the stock a “buy” rating in a research note on Saturday, December 16th. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Morgan Stanley lowered Invesco from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $40.00 to $39.00 in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Citigroup lowered Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.57.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $1 billion for 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 business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. analysts forecast that Invesco Ltd. will post 3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, February 14th. 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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