Point72 Asia Singapore Pte. Ltd. increased its holdings in Invesco Ltd. (NYSE:IVZ – Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,390 shares of the asset manager’s stock after buying an additional 1,919 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Invesco were worth $96,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of IVZ. Family Firm Inc. bought a new position in Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC bought a new position in Invesco in the 2nd quarter worth approximately $30,000. Quarry LP bought a new position in Invesco in the 4th quarter worth approximately $37,000. Fidelis Capital Partners LLC bought a new position in Invesco in the 1st quarter worth approximately $52,000. Finally, Jones Financial Companies Lllp boosted its holdings in Invesco by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after buying an additional 766 shares during the period. 66.09% of the stock is owned by institutional investors.
Invesco Stock Performance
Invesco stock opened at $17.74 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The firm’s fifty day moving average price is $16.68 and its 200-day moving average price is $15.94. The stock has a market cap of $7.98 billion, a P/E ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.
Invesco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.
Wall Street Analyst Weigh In
Several research analysts recently commented on IVZ shares. Wells Fargo & Company assumed coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. The Goldman Sachs Group lowered their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Barclays assumed coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.08.
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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