Dimensional Fund Advisors LP lifted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,104,545 shares of the asset manager's stock after purchasing an additional 274,134 shares during the quarter. Dimensional Fund Advisors LP owned 4.47% of Invesco worth $351,430,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Invesco during the fourth quarter valued at approximately $57,459,000. CIBC Private Wealth Group LLC increased its position in Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after acquiring an additional 1,642,645 shares during the last quarter. Amundi raised its position in Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock worth $45,424,000 after acquiring an additional 1,472,178 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Invesco by 965.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock valued at $17,328,000 after buying an additional 898,210 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Invesco by 216.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 661,800 shares of the asset manager's stock worth $11,568,000 after buying an additional 452,600 shares during the period. Institutional investors own 66.09% of the company's stock.
Analysts Set New Price Targets
Several research firms have commented on IVZ. Morgan Stanley lowered their price objective on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. TD Cowen downgraded Invesco from a "buy" rating to a "hold" rating and dropped their price objective for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group upped their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.25.
Read Our Latest Analysis on IVZ
Invesco Stock Down 1.0 %
Shares of Invesco stock traded down $0.14 during trading hours on Friday, hitting $13.93. 6,258,178 shares of the company's stock traded hands, compared to its average volume of 4,304,682. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The stock has a 50 day simple moving average of $15.01 and a 200-day simple moving average of $16.88. 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 cap of $6.24 billion, a PE ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 6.03%. Invesco's payout ratio is 67.20%.
About Invesco
(
Free Report)
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.
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