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.

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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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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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