Geode Capital Management LLC Buys 134,726 Shares of Invesco Ltd. (NYSE:IVZ)

Geode Capital Management LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,383,206 shares of the asset manager's stock after purchasing an additional 134,726 shares during the period. Geode Capital Management LLC owned about 2.31% of Invesco worth $181,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter worth about $35,000. Crews Bank & Trust bought a new position in shares of Invesco in the 4th quarter worth $44,000. Assetmark Inc. increased its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock valued at $65,000 after buying an additional 2,136 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Invesco during the fourth quarter worth about $123,000. 66.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IVZ shares. Argus raised their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and lowered their target price for the stock from $22.00 to $13.00 in a research note on Wednesday. Finally, Barclays lifted their price target on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.10.

Invesco Price Performance

IVZ traded up $0.07 on Friday, reaching $12.76. The stock had a trading volume of 7,808,107 shares, compared to its average volume of 4,233,122. 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 $5.71 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The firm has a 50-day moving average of $16.01 and a 200-day moving average of $17.15.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.43%. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Invesco Company 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.