Invesco Ltd. (NYSE:IVZ) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its stake in Invesco Ltd. (NYSE:IVZ) by 2,385.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,711,519 shares of the asset manager’s stock after purchasing an additional 1,642,645 shares during the period. CIBC Private Wealth Group LLC owned about 0.38% of Invesco worth $29,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harmony Asset Management LLC boosted its position in Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 600 shares during the period. D.A. Davidson & CO. increased its holdings in Invesco by 1.5% during the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock worth $816,000 after purchasing an additional 677 shares during the period. Avantax Advisory Services Inc. raised its position in Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 710 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Invesco by 0.8% in the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after buying an additional 812 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Invesco by 1.6% during the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager’s stock worth $1,346,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

IVZ has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. UBS Group lifted their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. TD Cowen dropped their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.66.

Invesco Price Performance

Shares of IVZ opened at $15.18 on Tuesday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The firm has a 50-day simple moving average of $17.10 and a 200-day simple moving average of $17.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 5.40%. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.