Invesco Ltd. (NYSE:IVZ) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,540,913 shares of the asset manager's stock after purchasing an additional 87,405 shares during the quarter. Fisher Asset Management LLC owned about 1.01% of Invesco worth $79,738,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IVZ. Dimensional Fund Advisors LP grew its holdings in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Swedbank AB acquired a new stake in shares of Invesco during the first quarter valued at $41,475,000. Marshall Wace LLP boosted its stake in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock valued at $18,269,000 after acquiring an additional 654,960 shares during the last quarter. Algert Global LLC boosted its stake in shares of Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager's stock valued at $8,451,000 after acquiring an additional 444,470 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager's stock valued at $35,274,000 after acquiring an additional 377,786 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Royal Bank of Canada raised their price objective on Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 23rd. Finally, Evercore ISI raised their price objective on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.63.

Invesco Stock Down 0.1 %

NYSE IVZ traded down $0.01 during mid-day trading on Tuesday, reaching $18.14. 2,756,629 shares of the company's stock traded hands, compared to its average volume of 4,174,818. Invesco Ltd. has a 1-year low of $13.53 and a 1-year high of $18.94. The company has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $16.53. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.15 billion, a price-to-earnings ratio of -19.73, a P/E/G ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Invesco's quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.52%. Invesco's payout ratio is -89.13%.

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.