National Bank of Canada FI Raises Position in Invesco Ltd. (NYSE:IVZ)

National Bank of Canada FI grew its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 124.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 527,651 shares of the asset manager's stock after acquiring an additional 292,631 shares during the quarter. National Bank of Canada FI owned about 0.12% of Invesco worth $9,223,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Invesco during the third quarter valued at $35,000. Crews Bank & Trust purchased a new position in Invesco during the fourth quarter valued at approximately $44,000. Assetmark Inc. lifted its holdings in Invesco by 381.5% in the fourth 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 period. EverSource Wealth Advisors LLC boosted its position in Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after purchasing an additional 2,136 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $123,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada began coverage on Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target for the company. Wells Fargo & Company dropped their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday. Morgan Stanley increased their target price on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. 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, Invesco has an average rating of "Hold" and an average target price of $18.57.

Invesco Trading Down 7.8 %

Shares of IVZ traded down $1.06 during midday trading on Thursday, reaching $12.59. The company had a trading volume of 3,078,980 shares, compared to its average volume of 4,199,152. The firm has a 50 day simple moving average of $16.24 and a 200-day simple moving average of $17.22. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $5.63 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating 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%. Research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

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. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio 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.