The Pictet Asset Management Ltd. Boosts Stake in Invesco Ltd. (IVZ)

The Pictet Asset Management Ltd. Boosts Stake in Invesco Ltd. (IVZ)

A number of other institutional investors have also recently modified their holdings of IVZ. Virtus Investment Advisers Inc. purchased a new position in shares of Invesco during the third quarter worth $107,000. IFP Advisors Inc increased its position in shares of Invesco by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the last quarter. SRB Corp increased its position in shares of Invesco by 7.1% in the third quarter. SRB Corp now owns 5,105 shares of the asset manager’s stock worth $160,000 after buying an additional 340 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Invesco by 99.8% in the fourth quarter. Bessemer Group Inc. now owns 5,110 shares of the asset manager’s stock worth $155,000 after buying an additional 2,552 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its position in shares of Invesco by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock worth $186,000 after buying an additional 3,180 shares during the last quarter. Institutional investors and hedge funds own 80.85% of the company’s stock.

Pictet Asset Management Ltd. boosted its position in Invesco Ltd. (NYSE:IVZ) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,320 shares of the asset manager’s stock after buying an additional 17,400 shares during the period. Pictet Asset Management Ltd. owned about 0.06% of Invesco worth $7,024,000 as of its most recent SEC filing.

Shares of Invesco Ltd. (NYSE IVZ) opened at 32.93 on Monday. Invesco Ltd. has a 52-week low of $23.01 and a 52-week high of $33.47. The firm’s 50-day moving average is $31.99 and its 200-day moving average is $31.46. The firm has a market cap of $13.40 billion, a P/E ratio of 14.98 and a beta of 1.82.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. Invesco had a return on equity of 11.79% and a net margin of 18.04%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Analysts anticipate that Invesco Ltd. will post $2.49 earnings per share for the current year. The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 12th were paid a dividend of $0.29 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Wednesday, May 10th. Invesco’s dividend payout ratio (DPR) is currently 54.63%.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. Invesco had a return on equity of 11.79% and a net margin of 18.04%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Analysts anticipate that Invesco Ltd. will post $2.49 earnings per share for the current year. Several research firms have commented on IVZ. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank AG upped their price objective on shares of Invesco from $32.00 to $33.00 and gave the company a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Invesco in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Invesco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 7th. Finally, Goldman Sachs Group Inc upgraded shares of Invesco from a “neutral” rating to a “conviction-buy” rating and upped their price target for the company from $30.00 to $37.00 in a research note on Wednesday, March 15th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.30.

In related news, insider Philip Taylor sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the completion of the sale, the insider now directly owns 146,222 shares of the company’s stock, valued at approximately $4,737,592.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IVZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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