Caisse DE Depot ET Placement DU Quebec lessened its position in Invesco Ltd. (NYSE:IVZ) by 12.0% during the fourth quarter, Holdings Channel reports. The fund owned 69,421 shares of the asset manager’s stock after selling 9,500 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Invesco were worth $2,537,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Invesco by 90.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 433,921 shares of the asset manager’s stock valued at $15,205,000 after acquiring an additional 206,313 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Invesco by 17.5% in the fourth quarter. First Republic Investment Management Inc. now owns 43,416 shares of the asset manager’s stock valued at $1,586,000 after acquiring an additional 6,457 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Invesco by 19.2% in the third quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock valued at $1,115,000 after acquiring an additional 5,131 shares during the last quarter. MUFG Americas Holdings Corp increased its stake in Invesco by 302.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock valued at $1,085,000 after acquiring an additional 22,312 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Invesco in the third quarter valued at $1,752,000. 82.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Invesco Ltd. (IVZ) opened at $34.11 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14,054.71, a PE ratio of 12.45, a P/E/G ratio of 0.92 and a beta of 1.75. Invesco Ltd. has a 12 month low of $29.36 and a 12 month high of $38.43.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. Invesco’s payout ratio is presently 42.34%.
A number of research analysts recently commented on IVZ shares. Royal Bank of Canada set a $47.00 target price on Invesco and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, February 9th. Citigroup cut Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Bank of America cut Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Monday, January 8th. Finally, Credit Suisse Group raised Invesco from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $42.00 to $43.00 in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.57.
In related news, insider Kevin M. Carome sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Annette Lege sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $34.31, for a total value of $171,550.00. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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