Natixis Has $7.56 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Natixis trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 432,310 shares of the asset manager's stock after selling 213,150 shares during the quarter. Natixis owned about 0.10% of Invesco worth $7,557,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Invesco in the fourth quarter worth about $57,459,000. CIBC Private Wealth Group LLC grew its holdings in Invesco by 2,385.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after buying an additional 1,642,645 shares during the last quarter. Amundi lifted its holdings in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock worth $45,424,000 after buying an additional 1,472,178 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Invesco by 965.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock worth $17,328,000 after buying an additional 898,210 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Invesco by 216.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 661,800 shares of the asset manager's stock valued at $11,568,000 after acquiring an additional 452,600 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IVZ. Wells Fargo & Company reduced their price target on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Morgan Stanley cut their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Barclays boosted their price objective on Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, UBS Group raised their target price on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.25.

Invesco Trading Down 1.0 %

Shares of NYSE:IVZ traded down $0.14 during trading on Friday, hitting $13.93. 6,258,178 shares of the company's stock were exchanged, compared to its average volume of 4,304,682. The firm has a 50-day moving average price of $15.01 and a two-hundred day moving average price of $16.88. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The firm has a market cap of $6.24 billion, a P/E ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.03%. The ex-dividend date is Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is presently 67.20%.

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.