Canada Pension Plan Investment Board Buys 452,600 Shares of Invesco Ltd. (NYSE:IVZ)

Canada Pension Plan Investment Board lifted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 216.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 661,800 shares of the asset manager's stock after acquiring an additional 452,600 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Invesco worth $11,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after purchasing an additional 419,389 shares during the period. Geode Capital Management LLC raised its position in Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after acquiring an additional 31,854 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Invesco by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after purchasing an additional 111,518 shares in the last quarter. Finally, Norges Bank acquired a new stake in Invesco during the fourth quarter valued at approximately $57,459,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Down 1.0 %

NYSE IVZ traded down $0.14 on Friday, reaching $13.93. The stock had a trading volume of 6,257,951 shares, compared to its average volume of 4,304,682. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The business has a 50 day moving average price of $15.01 and a 200 day moving average price of $16.88. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley reduced their target price on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target on the stock. Barclays upped their price objective on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Evercore ISI boosted their price target on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of "Hold" and a consensus target price of $17.25.

About Invesco

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.