CIBC Private Wealth Group LLC Has $29.30 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

CIBC Private Wealth Group LLC lifted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 2,385.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,711,519 shares of the asset manager's stock after acquiring an additional 1,642,645 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.38% of Invesco worth $29,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harmony Asset Management LLC increased its position in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock worth $1,078,000 after purchasing an additional 600 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Invesco by 6.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after acquiring an additional 710 shares in the last quarter. Arizona State Retirement System lifted its stake in Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock valued at $1,712,000 after acquiring an additional 812 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Invesco by 1.6% in the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock valued at $1,346,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 66.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Morgan Stanley lifted their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. UBS Group boosted their target price on Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Barclays raised their price target on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.30.

Invesco Stock Performance

Shares of IVZ traded down $1.05 during mid-day trading on Friday, hitting $12.78. 13,890,814 shares of the company's stock were exchanged, compared to its average volume of 4,119,896. 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 52 week low of $12.35 and a 52 week high of $19.55. The stock's 50-day simple moving average is $16.85 and its 200-day simple moving average is $17.37. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current 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 paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

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.