Russell Investments Group Ltd. Acquires 19,904 Shares of Invesco Ltd. (NYSE:IVZ)

Russell Investments Group Ltd. lifted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,194 shares of the asset manager's stock after acquiring an additional 19,904 shares during the quarter. Russell Investments Group Ltd.'s holdings in Invesco were worth $1,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the 3rd quarter valued at $35,000. Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter valued at $44,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Invesco during the 4th quarter valued at $52,000. Assetmark Inc. lifted its holdings in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 during the period. Institutional investors own 66.09% of the company's stock.

Invesco Price Performance

IVZ traded down $0.01 during midday trading on Wednesday, hitting $13.49. The stock had a trading volume of 4,037,617 shares, compared to its average volume of 4,319,824. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The business has a fifty day moving average of $15.20 and a 200 day moving average of $16.92. The company has a market cap of $6.04 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

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

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.08%. Invesco's payout ratio is 69.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IVZ shares. Bank of America decreased their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target for the company. Morgan Stanley decreased their price target on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Barclays increased their price objective on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.25.

About Invesco

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.