Raymond James Trust N.A. Buys New Position in Invesco Ltd. (IVZ)

Raymond James Trust N.A. acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,103 shares of the asset manager’s stock, valued at approximately $277,000.

A number of other large investors have also bought and sold shares of IVZ. Sun Life Financial INC boosted its stake in Invesco by 3,034.1% during the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock worth $110,000 after acquiring an additional 4,005 shares in the last quarter. First Interstate Bank boosted its stake in Invesco by 89.2% during the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock worth $120,000 after acquiring an additional 2,122 shares in the last quarter. Bessemer Group Inc. boosted its stake in Invesco by 51.4% during the second quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock worth $178,000 after acquiring an additional 2,277 shares in the last quarter. Private Capital Group LLC boosted its stake in Invesco by 134.0% during the second quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock worth $188,000 after acquiring an additional 4,055 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in Invesco during the second quarter worth about $210,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Invesco stock opened at $21.98 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.87 and a beta of 1.64. Invesco Ltd. has a 52-week low of $19.66 and a 52-week high of $38.43.

Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. Invesco had a net margin of 21.64% and a return on equity of 12.70%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, research analysts predict that Invesco Ltd. will post 2.68 EPS for the current year.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Credit Suisse Group dropped their price objective on shares of Invesco from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, July 27th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Morgan Stanley dropped their price objective on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Invesco in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.38.

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.

Read More: What is insider trading?

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply