Invesco Ltd. (NYSE:IVZ) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,446 shares of the asset manager's stock after purchasing an additional 40,246 shares during the period. Janney Montgomery Scott LLC's holdings in Invesco were worth $1,546,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IVZ. Avior Wealth Management LLC lifted its holdings in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter valued at approximately $35,000. Allworth Financial LP lifted its stake in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Invesco in the 3rd quarter worth approximately $76,000. Finally, True Wealth Design LLC bought a new position in shares of Invesco during the 3rd quarter valued at approximately $77,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Down 1.4 %

NYSE:IVZ traded down $0.28 during mid-day trading on Friday, reaching $18.90. The company's stock had a trading volume of 3,547,188 shares, compared to its average volume of 4,445,077. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The stock has a fifty day moving average of $17.79 and a 200-day moving average of $17.40. The firm has a market capitalization of $8.49 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts forecast that Invesco Ltd. will post 1.85 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.34%. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IVZ shares. Morgan Stanley raised their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday. Evercore ISI lifted their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. Finally, UBS Group upped their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.94.

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.