M Holdings Securities Inc. Takes $253,000 Position in Invesco Ltd. (IVZ)

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M Holdings Securities Inc. bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,050 shares of the asset manager’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. increased its position in Invesco by 19.8% during the 3rd quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock valued at $450,582,000 after purchasing an additional 3,250,743 shares during the period. JPMorgan Chase & Co. increased its position in Invesco by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,308,238 shares of the asset manager’s stock valued at $258,733,000 after purchasing an additional 1,263,803 shares during the period. Bank of New York Mellon Corp increased its position in Invesco by 10.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,058,312 shares of the asset manager’s stock valued at $253,013,000 after purchasing an additional 1,001,343 shares during the period. Kiltearn Partners LLP increased its position in Invesco by 18.9% during the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock valued at $200,390,000 after purchasing an additional 1,393,287 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Invesco by 5.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,630,964 shares of the asset manager’s stock valued at $105,958,000 after purchasing an additional 234,971 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

IVZ has been the topic of a number of research reports. JPMorgan Chase & Co. set a $29.00 target price on shares of Invesco and gave the company a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Deutsche Bank raised their target price on shares of Invesco from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. UBS Group cut their target price on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, October 8th. Finally, Morgan Stanley lowered their price target on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.91.

NYSE:IVZ opened at $16.97 on Wednesday. Invesco Ltd. has a fifty-two week low of $16.79 and a fifty-two week high of $38.43. The stock has a market capitalization of $6.99 billion, a PE ratio of 6.29, a PEG ratio of 0.79 and a beta of 1.50. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $966.90 million for the quarter, compared to analysts’ expectations of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. As a group, equities research analysts forecast that Invesco Ltd. will post 2.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, November 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date was Friday, November 9th. Invesco’s dividend payout ratio (DPR) is presently 44.44%.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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