Bank of Montreal Can lifted its stake in Invesco Ltd. (NYSE:IVZ) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871,621 shares of the asset manager’s stock after buying an additional 70,971 shares during the quarter. Bank of Montreal Can owned approximately 0.18% of Invesco worth $22,859,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of Invesco by 12.6% during the fourth quarter. Acadian Asset Management LLC now owns 22,334 shares of the asset manager’s stock worth $713,000 after purchasing an additional 2,841 shares during the period. Guggenheim Capital LLC boosted its position in shares of Invesco by 5.2% during the fourth quarter. Guggenheim Capital LLC now owns 158,587 shares of the asset manager’s stock worth $4,598,000 after purchasing an additional 7,500 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of Invesco by 13.2% during the fourth quarter. OppenheimerFunds Inc. now owns 9,000 shares of the asset manager’s stock worth $252,000 after purchasing an additional 1,000 shares during the period. 73.75% of the stock is currently owned by institutional investors.
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Shares of Invesco Ltd. (NYSE IVZ) opened at $23.04 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.52. Invesco Ltd. has a 12 month low of $19.01 and a 12 month high of $24.23. The company has a market capitalization of $11,830.00, a PE ratio of 13.11, a PEG ratio of 1.31 and a beta of 1.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, March 8th. Invesco’s dividend payout ratio (DPR) is presently 44.56%.
Several research firms have recently weighed in on IVZ. Buckingham Research lowered shares of Invesco from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $20.00 in a research note on Friday, February 9th. Zacks Investment Research lowered shares of Invesco from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Jefferies Group set a $24.00 price objective on shares of Invesco and gave the company a “buy” rating in a research note on Wednesday, January 10th. Deutsche Bank reduced their price objective on shares of Invesco from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Keefe, Bruyette & Woods lowered shares of Invesco from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $25.75 to $21.00 in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.25.
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Invesco Company Profile