Toronto Dominion Bank lowered its stake in Invesco Ltd. (NYSE:IVZ) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,402 shares of the asset manager’s stock after selling 25,673 shares during the quarter. Toronto Dominion Bank’s holdings in Invesco were worth $4,815,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Invesco by 3.7% in the first quarter. BlackRock Inc. now owns 36,286,388 shares of the asset manager’s stock worth $700,692,000 after acquiring an additional 1,299,090 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco by 4.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,141,470 shares of the asset manager’s stock valued at $206,479,000 after buying an additional 441,091 shares during the last quarter. FMR LLC raised its holdings in Invesco by 54.9% in the 1st quarter. FMR LLC now owns 6,527,859 shares of the asset manager’s stock valued at $126,053,000 after buying an additional 2,312,927 shares during the last quarter. Geode Capital Management LLC raised its holdings in Invesco by 13.9% in the 4th quarter. Geode Capital Management LLC now owns 5,884,507 shares of the asset manager’s stock valued at $98,348,000 after buying an additional 717,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Invesco by 42.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock valued at $84,501,000 after buying an additional 1,507,660 shares during the last quarter. 67.82% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on IVZ shares. JPMorgan Chase & Co. lowered shares of Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Thursday. Barclays set a $21.00 price objective on shares of Invesco and gave the company a “hold” rating in a report on Friday, July 26th. Deutsche Bank set a $21.00 price objective on shares of Invesco and gave the company a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, Jefferies Financial Group lowered shares of Invesco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $24.00 to $23.00 in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.73.
NYSE:IVZ traded down $0.21 on Monday, reaching $17.19. 139,065 shares of the stock traded hands, compared to its average volume of 5,031,619. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53. The company’s 50 day moving average is $16.65 and its 200-day moving average is $19.42. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71. Invesco Ltd. has a 1-year low of $15.15 and a 1-year high of $24.88.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Invesco had a net margin of 11.45% and a return on equity of 10.23%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, equities research analysts forecast that Invesco Ltd. will post 2.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date of this dividend was Wednesday, August 14th. Invesco’s dividend payout ratio is presently 51.03%.
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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