Legal & General Group Plc raised its position in Invesco Ltd. (NYSE:IVZ) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,122,240 shares of the asset manager’s stock after buying an additional 132,031 shares during the period. Legal & General Group Plc owned approximately 0.52% of Invesco worth $35,526,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. CSat Investment Advisory L.P. boosted its holdings in shares of Invesco by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 1,231 shares in the last quarter. Jane Street Group LLC boosted its holdings in Invesco by 1,451.8% during the fourth quarter. Jane Street Group LLC now owns 164,959 shares of the asset manager’s stock worth $2,761,000 after buying an additional 154,329 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Invesco during the fourth quarter worth approximately $5,930,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Invesco by 145.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,693,811 shares of the asset manager’s stock worth $45,095,000 after buying an additional 1,594,809 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC boosted its holdings in Invesco by 29.3% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 40,156 shares of the asset manager’s stock worth $672,000 after buying an additional 9,100 shares in the last quarter. 81.56% of the stock is owned by institutional investors.
Shares of Invesco stock opened at $21.07 on Tuesday. Invesco Ltd. has a twelve month low of $15.38 and a twelve month high of $31.53. The stock has a market cap of $8.42 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.85.
A number of equities analysts recently commented on the stock. Edward Jones lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Wells Fargo & Co increased their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 19th. Zacks Investment Research upgraded shares of Invesco from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, April 10th. Barclays downgraded shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a report on Thursday, January 31st. Finally, Credit Suisse Group restated a “hold” rating on shares of Invesco in a report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Invesco has an average rating of “Hold” and a consensus price target of $22.20.
In related news, Director Rod Canion purchased 10,000 shares of Invesco stock in a transaction dated Friday, February 8th. The stock was bought at an average price of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the acquisition, the director now directly owns 64,451 shares of the company’s stock, valued at $1,158,184.47. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ltd. Invesco acquired 425,531 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 455,531 shares of company stock valued at $1,680,902. Corporate insiders own 1.90% of the company’s stock.
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.
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