Fiera Capital Corp reduced its stake in Invesco Ltd. (NYSE:IVZ – Get Rating) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,390,438 shares of the asset manager’s stock after selling 527,321 shares during the quarter. Fiera Capital Corp owned about 0.52% of Invesco worth $55,027,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of IVZ. Massachusetts Financial Services Co. MA lifted its stake in shares of Invesco by 129.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,286,925 shares of the asset manager’s stock worth $151,577,000 after acquiring an additional 3,546,547 shares during the period. Two Sigma Advisers LP lifted its stake in Invesco by 647.6% in the third quarter. Two Sigma Advisers LP now owns 2,014,000 shares of the asset manager’s stock valued at $48,558,000 after buying an additional 1,744,600 shares during the period. Clark Capital Management Group Inc. acquired a new position in Invesco in the third quarter valued at approximately $33,091,000. Arrowstreet Capital Limited Partnership lifted its stake in Invesco by 14,005.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,128,405 shares of the asset manager’s stock valued at $27,206,000 after buying an additional 1,120,405 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Invesco by 65.4% in the third quarter. Goldman Sachs Group Inc. now owns 2,749,917 shares of the asset manager’s stock valued at $66,300,000 after buying an additional 1,087,057 shares during the period. 63.62% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on IVZ shares. Keefe, Bruyette & Woods lowered Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price target on Invesco from $26.00 to $24.00 in a research note on Wednesday. Royal Bank of Canada dropped their price target on Invesco from $26.00 to $23.00 in a research note on Tuesday, January 25th. Morgan Stanley decreased their price objective on Invesco from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Finally, Citigroup decreased their price objective on Invesco from $26.00 to $22.50 in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $25.82.
Invesco (NYSE:IVZ – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.06). Invesco had a return on equity of 12.44% and a net margin of 22.72%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $0.68 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that Invesco Ltd. will post 2.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Tuesday, May 10th will be issued a dividend of $0.188 per share. The ex-dividend date is Monday, May 9th. This represents a $0.75 annualized dividend and a yield of 4.09%. This is an increase from Invesco’s previous quarterly dividend of $0.17. Invesco’s dividend payout ratio is 23.86%.
In other Invesco news, CEO Martin L. Flanagan sold 189,708 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $19.51, for a total value of $3,701,203.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Mcgreevey sold 200,000 shares of the company’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $19.60, for a total value of $3,920,000.00. The disclosure for this sale can be found here. Insiders have purchased 8,455,690 shares of company stock valued at $181,071,234 in the last quarter. 1.94% of the stock is currently owned by corporate insiders.
About Invesco (Get Rating)
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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