Cambridge Financial Group Inc. grew its position in Invesco Ltd. (NYSE:IVZ – Get Rating) by 10.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,880 shares of the asset manager’s stock after purchasing an additional 29,120 shares during the period. Invesco comprises approximately 3.1% of Cambridge Financial Group Inc.’s holdings, making the stock its 18th biggest holding. Cambridge Financial Group Inc.’s holdings in Invesco were worth $6,915,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC boosted its stake in shares of Invesco by 69.9% in the 4th quarter. MCF Advisors LLC now owns 1,252 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 515 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Invesco by 103.8% in the fourth quarter. Capital Analysts LLC now owns 1,339 shares of the asset manager’s stock valued at $31,000 after buying an additional 682 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Invesco in the first quarter valued at about $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Invesco in the first quarter valued at about $32,000. Finally, Masso Torrence Wealth Management Inc. bought a new position in shares of Invesco in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 67.53% of the company’s stock.
Analyst Ratings Changes
IVZ has been the subject of a number of research analyst reports. UBS Group cut their price target on Invesco from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, August 1st. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on Invesco from $21.00 to $19.00 in a report on Wednesday, July 13th. JPMorgan Chase & Co. dropped their price objective on Invesco from $22.00 to $20.00 in a report on Monday, July 18th. Finally, BMO Capital Markets cut Invesco from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $25.00 to $20.00 in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.59.
Invesco Stock Up 0.7 %
Invesco (NYSE:IVZ – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.20). Invesco had a return on equity of 12.05% and a net margin of 19.67%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.78 EPS. The company’s revenue was down 9.9% compared to the same quarter last year. On average, equities analysts expect that Invesco Ltd. will post 2.04 earnings per share for the current year.
Invesco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be paid a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, August 11th. Invesco’s dividend payout ratio is currently 32.33%.
Insider Transactions at Invesco
In related news, CAO Terry Vacheron acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were bought at an average price of $17.40 per share, for a total transaction of $69,600.00. Following the purchase, the chief accounting officer now directly owns 10,696 shares in the company, valued at approximately $186,110.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Mm Asset Management Holding Ll bought 827,590 shares of Invesco stock in a transaction dated Monday, June 13th. The shares were bought at an average cost of $16.08 per share, with a total value of $13,307,647.20. Following the acquisition, the insider now owns 80,504,729 shares in the company, valued at approximately $1,294,516,042.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Terry Vacheron acquired 4,000 shares of Invesco stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the purchase, the chief accounting officer now directly owns 10,696 shares of the company’s stock, valued at $186,110.40. The disclosure for this purchase can be found here. Company insiders own 1.94% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Invesco (IVZ)
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