Norges Bank bought a new position in Invesco Ltd. (NYSE:IVZ – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,902,656 shares of the asset manager’s stock, valued at approximately $102,523,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Integrated Wealth Concepts LLC purchased a new stake in Invesco in the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after acquiring an additional 2,393 shares during the period. Woodline Partners LP grew its stake in Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after acquiring an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 6,341 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.
Invesco Stock Down 3.0%
Shares of NYSE IVZ opened at $27.32 on Friday. Invesco Ltd. has a 52-week low of $14.29 and a 52-week high of $29.61. The firm has a fifty day moving average of $25.91 and a 200-day moving average of $26.01. The stock has a market capitalization of $12.11 billion, a PE ratio of -18.59, a P/E/G ratio of 0.63 and a beta of 1.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01.
Invesco Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.215 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.86 annualized dividend and a yield of 3.1%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is currently -58.50%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Barclays boosted their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. TD Cowen boosted their price objective on shares of Invesco from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets lowered their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.29.
Read Our Latest Stock Report on IVZ
About Invesco
Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.
The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.
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