CIBC Asset Management Inc Has $1.12 Million Stake in Invesco Ltd. (NYSE:IVZ)

CIBC Asset Management Inc boosted its position in Invesco Ltd. (NYSE:IVZ) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,188 shares of the asset manager’s stock after buying an additional 1,224 shares during the period. CIBC Asset Management Inc’s holdings in Invesco were worth $1,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IVZ. Blue Trust Inc. lifted its holdings in Invesco by 714.3% in the third quarter. Blue Trust Inc. now owns 6,783 shares of the asset manager’s stock valued at $119,000 after buying an additional 5,950 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Invesco during the third quarter valued at about $331,000. Allworth Financial LP raised its holdings in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invesco by 75.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,576 shares of the asset manager’s stock valued at $610,000 after purchasing an additional 14,844 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Invesco by 39.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 27,948 shares of the asset manager’s stock valued at $491,000 after purchasing an additional 7,898 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Down 2.0 %

NYSE:IVZ opened at $17.50 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The firm has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $17.53.

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

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.69%. Invesco’s dividend payout ratio (DPR) is 69.49%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IVZ. BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Argus upped their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.