Sage Capital Advisors llc Buys 5,001 Shares of Invesco Ltd. (NYSE:IVZ)

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Sage Capital Advisors llc boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,844 shares of the asset manager’s stock after acquiring an additional 5,001 shares during the quarter. Invesco accounts for 1.9% of Sage Capital Advisors llc’s portfolio, making the stock its 17th largest position. Sage Capital Advisors llc’s holdings in Invesco were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Invesco by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 45,201,641 shares of the asset manager’s stock valued at $924,825,000 after purchasing an additional 313,139 shares during the period. Bank of America Corp DE boosted its position in Invesco by 67.6% during the 2nd quarter. Bank of America Corp DE now owns 27,756,146 shares of the asset manager’s stock worth $567,890,000 after buying an additional 11,199,785 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Invesco by 67.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,727,961 shares of the asset manager’s stock worth $113,972,000 after acquiring an additional 2,706,950 shares during the last quarter. Morgan Stanley grew its holdings in Invesco by 2.6% during the 2nd quarter. Morgan Stanley now owns 4,546,892 shares of the asset manager’s stock worth $93,030,000 after acquiring an additional 114,161 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in Invesco by 16.0% during the 3rd quarter. Alps Advisors Inc. now owns 1,993,098 shares of the asset manager’s stock worth $33,763,000 after acquiring an additional 275,371 shares during the last quarter. 66.80% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Invesco in a research report on Monday, October 7th. They issued a “market perform” rating and a $18.00 price target for the company. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $21.00 in a research report on Wednesday, November 6th. Wells Fargo & Co cut shares of Invesco from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Thursday, January 2nd. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Monday, September 23rd. Finally, Citigroup set a $16.50 price target on shares of Invesco and gave the company a “hold” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.86.

IVZ stock traded up $0.15 during trading on Thursday, reaching $18.24. 87,751 shares of the stock were exchanged, compared to its average volume of 3,712,856. The firm’s 50 day moving average is $17.65 and its 200 day moving average is $17.45. The firm has a market cap of $8.12 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.55. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. Invesco Ltd. has a twelve month low of $15.15 and a twelve month high of $22.18.

Invesco (NYSE:IVZ) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. As a group, analysts predict that Invesco Ltd. will post 2.62 earnings per share for the current fiscal year.

Invesco Company Profile

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.

Read More: What is a portfolio manager?

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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