Invesco Ltd. (IVZ) Holdings Raised by Capital Investment Advisory Services LLC
Capital Investment Advisory Services LLC boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 14.1% in the 1st quarter, Holdings Channel reports. The fund owned 16,033 shares of the asset manager’s stock after buying an additional 1,981 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Invesco were worth $310,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Dean Investment Associates LLC boosted its position in shares of Invesco by 1.0% during the fourth quarter. Dean Investment Associates LLC now owns 67,158 shares of the asset manager’s stock worth $1,124,000 after buying an additional 647 shares during the period. Oakworth Capital Inc. boosted its position in shares of Invesco by 30.3% during the fourth quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock worth $48,000 after buying an additional 670 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Invesco by 2.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 29,551 shares of the asset manager’s stock worth $495,000 after buying an additional 698 shares during the period. Investors Research Corp boosted its position in shares of Invesco by 2.2% during the fourth quarter. Investors Research Corp now owns 36,450 shares of the asset manager’s stock worth $610,000 after buying an additional 775 shares during the period. Finally, Archford Capital Strategies LLC boosted its position in shares of Invesco by 2.0% during the fourth quarter. Archford Capital Strategies LLC now owns 41,175 shares of the asset manager’s stock worth $689,000 after buying an additional 802 shares during the period. 81.56% of the stock is owned by institutional investors.
Several research firms have recently commented on IVZ. Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, April 10th. Barclays restated a “buy” rating and set a $19.00 price target on shares of Invesco in a research report on Thursday, January 10th. Credit Suisse Group lowered their price target on Invesco from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 14th. Wells Fargo & Co raised their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 19th. Finally, Deutsche Bank lowered Invesco from a “buy” rating to a “hold” rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Invesco presently has a consensus rating of “Hold” and an average price target of $22.20.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.10). The company had revenue of $919.20 million during the quarter, compared to analysts’ expectations of $913.37 million. Invesco had a net margin of 16.61% and a return on equity of 10.96%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. Equities research analysts predict that Invesco Ltd. will post 2.28 earnings per share for the current year.
In other Invesco news, major shareholder Ltd. Invesco purchased 425,531 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was bought at an average cost of $2.64 per share, with a total value of $1,123,401.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rod Canion purchased 20,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were acquired at an average cost of $18.89 per share, with a total value of $377,800.00. Following the completion of the acquisition, the director now directly owns 84,451 shares in the company, valued at $1,595,279.39. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 455,531 shares of company stock valued at $1,680,902. 1.90% of the stock is currently owned by company insiders.
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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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