Coastline Trust Co Purchases Shares of 28,820 Invesco Ltd. (IVZ)
Coastline Trust Co purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,820 shares of the asset manager’s stock, valued at approximately $1,053,000.
Other hedge funds have also modified their holdings of the company. Sun Life Financial INC acquired a new position in shares of Invesco during the third quarter worth approximately $145,000. Valeo Financial Advisors LLC acquired a new position in shares of Invesco during the third quarter worth approximately $160,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Invesco during the second quarter worth approximately $185,000. ETRADE Capital Management LLC acquired a new position in shares of Invesco during the third quarter worth approximately $205,000. Finally, Bluefin Trading LLC acquired a new position in shares of Invesco during the second quarter worth approximately $216,000. Institutional investors own 81.31% of the company’s stock.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the sale, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
A number of research analysts have recently commented on the company. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley lowered Invesco from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. set a $45.00 target price on Invesco and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Citigroup upped their target price on Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.79.
Invesco Ltd. (IVZ) opened at $38.08 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $15,143.30, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.01 and a beta of 1.81. Invesco Ltd. has a 12 month low of $28.75 and a 12 month high of $38.42.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. Invesco’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. research analysts predict that Invesco Ltd. will post 2.67 EPS for the current fiscal year.
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.
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