Invesco Ltd. (NYSE:IVZ) Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,613,488 shares of the asset manager's stock after purchasing an additional 113,451 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.58% of Invesco worth $45,684,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in shares of 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 period. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco during the 3rd quarter worth $35,000. Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter worth $44,000. Truvestments Capital LLC acquired a new position in Invesco in the third quarter valued at $76,000. Finally, True Wealth Design LLC acquired a new position in Invesco in the third quarter valued at $77,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IVZ. Barclays lifted their target price on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. TD Cowen reduced their target price on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Invesco from $17.00 to $19.50 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus price target of $19.94.

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Invesco Stock Down 0.5 %

Shares of NYSE IVZ traded down $0.09 during midday trading on Friday, reaching $15.67. 7,188,891 shares of the company's stock were exchanged, compared to its average volume of 4,386,184. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The stock has a market capitalization of $7.04 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. 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 business's fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.55.

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 analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's payout ratio is 69.49%.

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.