Skandinaviska Enskilda Banken AB publ Acquires New Position in Invesco Ltd. (NYSE:IVZ)

Skandinaviska Enskilda Banken AB publ bought a new position in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,800 shares of the asset manager’s stock, valued at approximately $381,000.

A number of other institutional investors have also modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco in the third quarter worth approximately $1,428,196,000. Azora Capital LP bought a new position in shares of Invesco during the 3rd quarter worth $27,289,000. Amundi increased its stake in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after buying an additional 1,472,178 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Invesco by 131.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after acquiring an additional 516,622 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after acquiring an additional 444,470 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 1.0 %

NYSE IVZ opened at $15.44 on Tuesday. The stock has a market cap of $6.91 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.98 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 0.49. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a fifty day simple moving average of $17.38 and a two-hundred day simple moving average of $17.48.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 5.31%. Invesco’s dividend payout ratio is currently 69.49%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. TD Cowen dropped their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets boosted their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco 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.