BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8.15 Million Stake in Invesco Ltd. (IVZ)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 203.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 421,813 shares of the asset manager’s stock after purchasing an additional 282,592 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Invesco were worth $8,145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc increased its stake in shares of Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 43,577,656 shares of the asset manager’s stock worth $997,058,000 after purchasing an additional 524,580 shares during the last quarter. BlackRock Inc. increased its stake in shares of Invesco by 4.6% during the 4th quarter. BlackRock Inc. now owns 34,987,298 shares of the asset manager’s stock worth $585,687,000 after purchasing an additional 1,552,429 shares during the last quarter. Kiltearn Partners LLP increased its stake in shares of Invesco by 2.7% during the 4th quarter. Kiltearn Partners LLP now owns 8,998,697 shares of the asset manager’s stock worth $150,638,000 after purchasing an additional 240,400 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Invesco by 13.9% during the 4th quarter. Geode Capital Management LLC now owns 5,884,507 shares of the asset manager’s stock worth $98,348,000 after purchasing an additional 717,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Invesco by 42.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock worth $84,501,000 after purchasing an additional 1,507,660 shares during the last quarter. Institutional investors own 78.73% of the company’s stock.
NYSE IVZ opened at $20.42 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.86. The firm has a market cap of $8.19 billion, a P/E ratio of 8.40, a PEG ratio of 1.04 and a beta of 1.57. Invesco Ltd. has a 1 year low of $15.38 and a 1 year high of $28.53.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Invesco’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 6.07%. Invesco’s dividend payout ratio is 51.03%.
In related news, Director Ben F. Johnson III purchased 10,000 shares of Invesco stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $21.37 per share, with a total value of $213,700.00. Following the acquisition, the director now directly owns 54,618 shares in the company, valued at $1,167,186.66. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.
Several brokerages have recently commented on IVZ. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank upped their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Wells Fargo & Co upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, March 19th. Credit Suisse Group reaffirmed a “hold” rating on shares of Invesco in a report on Thursday, January 31st. Finally, Barclays downgraded shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.00.
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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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