Thrivent Financial For Lutherans lessened its holdings in Invesco Ltd. (NYSE:IVZ) by 91.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,592 shares of the asset manager’s stock after selling 1,841,735 shares during the period. Thrivent Financial For Lutherans’ holdings in Invesco were worth $6,306,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC purchased a new position in shares of Invesco in the 3rd quarter worth approximately $145,000. Valeo Financial Advisors LLC bought a new stake in shares of Invesco in the 3rd quarter worth approximately $160,000. Miles Capital Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $205,000. Linscomb & Williams Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $211,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Invesco in the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.
Shares of Invesco Ltd. (NYSE IVZ) opened at $32.92 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a 1-year low of $29.36 and a 1-year high of $38.43. The stock has a market cap of $13,545.78, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. Invesco’s payout ratio is 42.34%.
In other Invesco news, insider Annette Lege sold 5,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $34.31, for a total transaction of $171,550.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin M. Carome sold 25,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total transaction of $834,500.00. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley cut shares of Invesco from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Invesco from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. set a $45.00 price target on shares of Invesco and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the stock a “buy” rating in a report on Saturday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.57.
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Invesco Company Profile
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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