Hancock Whitney Corp Makes New Investment in Invesco Ltd. (NYSE:IVZ)

Hancock Whitney Corp bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,425 shares of the asset manager's stock, valued at approximately $846,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after purchasing an additional 188,041 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Invesco by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock valued at $45,684,000 after buying an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Invesco during the fourth quarter worth approximately $735,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Invesco in the fourth quarter worth $424,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock worth $867,000 after acquiring an additional 14,489 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of research reports. Barclays upped their price target on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. UBS Group boosted their price target on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and lowered their price objective for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $17.25.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.04 during midday trading on Tuesday, hitting $13.98. The company's stock had a trading volume of 3,287,817 shares, compared to its average volume of 4,292,685. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The firm's fifty day moving average price is $14.83 and its 200-day moving average price is $16.81. The firm has a market cap of $6.26 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion during 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 period in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently announced 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 positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 6.01%. Invesco's dividend payout ratio (DPR) is currently 67.20%.

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.