Geode Capital Management LLC Grows Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Geode Capital Management LLC increased its stake in Invesco Ltd. (NYSE:IVZ) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,248,480 shares of the asset manager’s stock after buying an additional 93,126 shares during the period. Geode Capital Management LLC’s holdings in Invesco were worth $179,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Family Firm Inc. purchased a new position in Invesco in the second quarter worth about $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the 2nd quarter valued at about $30,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Invesco in the 2nd quarter worth approximately $61,000. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on IVZ shares. UBS Group boosted their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Performance

NYSE IVZ opened at $18.04 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The business has a 50-day moving average price of $17.90 and a 200-day moving average price of $16.76. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -19.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. As a group, equities research analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.55%. Invesco’s payout ratio is -89.13%.

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.