Aigen Investment Management LP Buys Shares of 37,009 Invesco Ltd. (NYSE:IVZ)

Aigen Investment Management LP acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,009 shares of the asset manager's stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC grew its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Invesco during the 3rd quarter worth about $35,000. Crews Bank & Trust acquired a new position in shares of Invesco in the fourth quarter valued at about $44,000. Assetmark Inc. raised its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Invesco during the third quarter worth about $76,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of IVZ traded down $0.79 during trading hours on Monday, hitting $14.85. 7,067,558 shares of the stock were exchanged, compared to its average volume of 4,445,770. The stock's 50-day moving average price is $17.66 and its two-hundred day moving average price is $17.56. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

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Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.52%. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Analysts Set New Price Targets

Several analysts have commented on IVZ shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a report on Monday, November 11th. Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Finally, TD Cowen reduced their price target on Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.94.

Invesco 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.