Thrivent Financial for Lutherans reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 95.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,953 shares of the asset manager’s stock after selling 363,925 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco were worth $301,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CSat Investment Advisory L.P. boosted its holdings in Invesco by 141.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 1,231 shares during the period. Rational Advisors LLC raised its stake in shares of Invesco by 411.3% in the 4th quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock valued at $42,000 after buying an additional 2,040 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of Invesco by 30.3% in the 4th quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock valued at $48,000 after buying an additional 670 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of Invesco in the 4th quarter valued at $52,000. Finally, Resources Investment Advisors Inc. acquired a new position in shares of Invesco in the 4th quarter valued at $53,000. 81.56% of the stock is owned by institutional investors and hedge funds.
IVZ has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Invesco from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, April 10th. Barclays restated a “buy” rating and issued a $19.00 price objective on shares of Invesco in a research note on Thursday, January 10th. Deutsche Bank cut shares of Invesco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $18.00 in a research note on Thursday, January 10th. Morgan Stanley set a $19.00 price objective on shares of Invesco and gave the company a “hold” rating in a research note on Friday, February 8th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Invesco in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.20.
Shares of NYSE:IVZ opened at $21.53 on Wednesday. Invesco Ltd. has a 12 month low of $15.38 and a 12 month high of $31.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.07 and a beta of 1.53.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). Invesco had a return on equity of 10.96% and a net margin of 16.61%. The company had revenue of $919.20 million for the quarter, compared to the consensus estimate of $913.37 million. During the same period in the prior year, the company earned $0.73 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. Analysts expect that Invesco Ltd. will post 2.28 earnings per share for the current fiscal year.
In other Invesco news, major shareholder Ltd. Invesco bought 425,531 shares of Invesco stock in a transaction dated Friday, February 8th. The shares were bought at an average price of $2.64 per share, with a total value of $1,123,401.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rod Canion bought 10,000 shares of Invesco stock in a transaction dated Friday, February 8th. The stock was acquired at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the purchase, the director now directly owns 64,451 shares in the company, valued at approximately $1,158,184.47. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 455,531 shares of company stock worth $1,680,902. Insiders own 1.90% of the company’s stock.
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Invesco Company 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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