Mariner Wealth Advisors LLC grew its holdings in Invesco Ltd. (NYSE:IVZ) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,174 shares of the asset manager’s stock after acquiring an additional 18,882 shares during the period. Mariner Wealth Advisors LLC’s holdings in Invesco were worth $2,857,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Bank of Nova Scotia lifted its position in shares of Invesco by 10.3% in the second quarter. Bank of Nova Scotia now owns 10,573 shares of the asset manager’s stock valued at $372,000 after acquiring an additional 987 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of 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 last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of 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 last quarter. ING Groep NV increased its holdings in shares of 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 last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Invesco by 5.9% in the third quarter. Nordea Investment Management AB now owns 27,015 shares of the asset manager’s stock worth $947,000 after purchasing an additional 1,499 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Shares of Invesco Ltd. (IVZ) opened at $33.92 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco Ltd. has a 52 week low of $29.36 and a 52 week high of $38.43. The firm has a market capitalization of $13,808.08, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.74.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. equities analysts predict that Invesco Ltd. will post 3.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. Invesco’s dividend payout ratio is 42.34%.
Several equities research analysts have recently issued reports on IVZ shares. Citigroup lifted their target price on Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Invesco in a report on Friday, October 27th. Jefferies Group lifted their target price on Invesco from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Invesco currently has a consensus rating of “Buy” and an average target price of $40.57.
In other news, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total transaction of $834,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.
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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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