Raymond James Trust N.A. acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 12,103 shares of the asset manager’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Invesco by 41.3% during the second quarter. American Century Companies Inc. now owns 16,442,516 shares of the asset manager’s stock valued at $436,713,000 after buying an additional 4,801,968 shares during the period. Massachusetts Financial Services Co. MA grew its position in Invesco by 48.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,395,993 shares of the asset manager’s stock valued at $116,758,000 after buying an additional 1,424,944 shares during the period. FMR LLC grew its position in Invesco by 8.5% during the second quarter. FMR LLC now owns 3,493,596 shares of the asset manager’s stock valued at $92,790,000 after buying an additional 274,647 shares during the period. Dimensional Fund Advisors LP grew its position in Invesco by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,456,103 shares of the asset manager’s stock valued at $91,796,000 after buying an additional 115,492 shares during the period. Finally, Morgan Stanley grew its position in Invesco by 0.8% during the second quarter. Morgan Stanley now owns 3,097,222 shares of the asset manager’s stock valued at $82,263,000 after buying an additional 24,646 shares during the period. 78.83% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on IVZ shares. Royal Bank of Canada restated a “buy” rating and set a $35.00 target price on shares of Invesco in a research report on Friday, July 27th. Deutsche Bank boosted their target price on shares of Invesco from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. UBS Group cut their target price on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Morgan Stanley cut their target price on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Invesco has an average rating of “Hold” and a consensus target price of $33.38.

IVZ opened at $21.98 on Friday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.87 and a beta of 1.64. Invesco Ltd. has a 1-year low of $19.66 and a 1-year high of $38.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.51 and a quick ratio of 1.51.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $966.90 million during the quarter, compared to analyst estimates of $972.49 million. Invesco had a net margin of 21.64% and a return on equity of 12.70%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts anticipate that Invesco Ltd. will post 2.68 earnings per share for the current fiscal year.

Invesco 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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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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