Invesco Ltd. (NYSE:IVZ) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,097,568 shares of the asset manager’s stock after purchasing an additional 8,097 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco were worth $19,273,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fisher Asset Management LLC grew its position in Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the period. Marshall Wace LLP grew its holdings in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after acquiring an additional 654,960 shares during the period. Seven Eight Capital LP purchased a new position in Invesco in the 2nd quarter valued at approximately $576,000. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the third quarter worth $1,428,196,000. Finally, Algert Global LLC purchased a new stake in Invesco during the second quarter worth $551,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Invesco stock opened at $17.12 on Friday. The stock has a fifty day moving average price of $17.77 and a 200 day moving average price of $17.05. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $18.94. The firm has a market capitalization of $7.69 billion, a P/E ratio of -18.61, a PEG ratio of 1.05 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. Equities research analysts anticipate that Invesco Ltd. will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders 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 dividend yield of 4.79%. Invesco’s dividend payout ratio is presently -89.13%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods cut their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. UBS Group upped their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group dropped their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.83.

About Invesco

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.