Teachers Advisors LLC grew its stake in Invesco Ltd. (NYSE:IVZ) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 890,288 shares of the asset manager’s stock after purchasing an additional 72,105 shares during the period. Teachers Advisors LLC owned approximately 0.22% of Invesco worth $32,531,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Avestar Capital LLC bought a new stake in shares of Invesco in the 4th quarter valued at approximately $137,000. Sun Life Financial INC bought a new stake in shares of Invesco during the 3rd quarter worth approximately $145,000. Valeo Financial Advisors LLC bought a new stake in shares of Invesco during the 3rd quarter worth approximately $160,000. Miles Capital Inc. bought a new stake in shares of Invesco during the 4th quarter worth approximately $205,000. Finally, Linscomb & Williams Inc. bought a new stake in shares of Invesco during the 4th quarter worth approximately $211,000. 82.09% of the stock is owned by institutional investors and hedge funds.
In other Invesco news, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.31, for a total transaction of $171,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin M. Carome sold 25,000 shares of Invesco stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total value of $834,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 452,860 shares of company stock valued at $15,011,173. 1.80% of the stock is currently owned by corporate insiders.
Shares of Invesco stock opened at $32.94 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $13,244.49, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.87 and a beta of 1.75. Invesco Ltd. has a 1 year low of $29.36 and a 1 year high of $38.43.
Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $982.86 million. Invesco had a return on equity of 13.20% and a net margin of 21.85%. Invesco’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. equities research analysts predict that Invesco Ltd. will post 3.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 42.34%.
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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.
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