Putnam FL Investment Management Co. Takes $1.60 Million Position in Invesco Ltd. (IVZ)

Putnam FL Investment Management Co. bought a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 43,858 shares of the asset manager’s stock, valued at approximately $1,603,000.

A number of other hedge funds have also recently added to or reduced their stakes in IVZ. Sun Life Financial INC purchased a new stake in Invesco in the 3rd quarter worth approximately $145,000. Valeo Financial Advisors LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $160,000. ETRADE Capital Management LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $205,000. Miles Capital Inc. purchased a new stake in Invesco in the 4th quarter worth approximately $205,000. Finally, Linscomb & Williams Inc. purchased a new stake in Invesco in the 4th quarter worth approximately $211,000. 81.07% of the stock is owned by hedge funds and other institutional investors.

Invesco Ltd. (NYSE IVZ) opened at $31.92 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The firm has a market cap of $13,620.83, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.74. Invesco Ltd. has a 1-year low of $29.36 and a 1-year high of $38.43.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. equities research analysts expect that Invesco Ltd. will post 3.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.63%. Invesco’s payout ratio is 42.34%.

A number of equities analysts have weighed in on IVZ shares. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Invesco in a report on Friday, October 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 price target (up previously from $39.00) on shares of Invesco in a report on Wednesday. Credit Suisse Group upgraded shares of Invesco from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $42.00 to $43.00 in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, ValuEngine lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.50.

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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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