Cibc World Markets Corp Has $884,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Cibc World Markets Corp lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,560 shares of the asset manager’s stock after selling 10,381 shares during the quarter. Cibc World Markets Corp’s holdings in Invesco were worth $884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of Invesco by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 141,469 shares of the asset manager’s stock valued at $2,484,000 after purchasing an additional 6,134 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Invesco by 8.1% in the third quarter. Pathstone Holdings LLC now owns 108,054 shares of the asset manager’s stock valued at $1,897,000 after buying an additional 8,101 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco by 16.0% in the third quarter. PNC Financial Services Group Inc. now owns 102,126 shares of the asset manager’s stock valued at $1,793,000 after buying an additional 14,098 shares during the period. Avior Wealth Management LLC increased its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Invesco by 61.0% during the third quarter. Advisors Asset Management Inc. now owns 18,066 shares of the asset manager’s stock worth $317,000 after acquiring an additional 6,843 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

Shares of IVZ opened at $15.34 on Friday. The company has a market cap of $6.86 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The firm has a 50-day moving average of $17.26 and a 200-day moving average of $17.43. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted 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%. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their target price on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective for the company. Argus lifted their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Barclays upped their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.94.

About Invesco

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.