Geode Capital Management LLC grew its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,248,480 shares of the asset manager's stock after buying an additional 93,126 shares during the quarter. Geode Capital Management LLC owned approximately 2.28% of Invesco worth $179,666,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco in the third quarter worth $1,428,196,000. State Street Corp lifted its position in shares of Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock worth $369,823,000 after purchasing an additional 151,408 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock valued at $79,738,000 after buying an additional 87,405 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Invesco by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager's stock worth $75,715,000 after buying an additional 45,891 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.
NYSE:IVZ opened at $18.04 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $8.11 billion, a P/E ratio of -19.61, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The firm has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $16.76.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business's revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. Analysts predict that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Thursday, November 14th. Invesco's dividend payout ratio is currently -89.13%.
Several research firms have weighed in on IVZ. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price target on Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, November 11th. UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.63.
Read Our Latest Report on Invesco
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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