Charles Schwab Investment Management Inc. Increases Stock Position in Invesco Ltd. (NYSE:IVZ)

Charles Schwab Investment Management Inc. increased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,423,332 shares of the asset manager's stock after purchasing an additional 111,518 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.98% of Invesco worth $77,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its holdings in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the third quarter worth $35,000. Crews Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter valued at about $44,000. Truvestments Capital LLC acquired a new stake in shares of Invesco during the third quarter worth $76,000. Finally, True Wealth Design LLC acquired a new stake in Invesco during the third quarter worth approximately $77,000. Institutional investors own 66.09% of the company's stock.

Invesco Stock Up 2.4 %

IVZ stock traded up $0.37 during trading on Friday, reaching $15.32. The stock had a trading volume of 4,581,304 shares, compared to its average volume of 3,839,208. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company's 50 day moving average is $17.52 and its two-hundred day moving average is $17.52.

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Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. Equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is currently 69.49%.

Analysts Set New Price Targets

IVZ has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Invesco from $19.00 to $20.75 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. UBS Group boosted their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. BMO Capital Markets increased their price target on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Argus boosted their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.