Vontobel Holding Ltd. Acquires 41,254 Shares of Invesco Ltd. (NYSE:IVZ)

Vontobel Holding Ltd. raised its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319,650 shares of the asset manager's stock after purchasing an additional 41,254 shares during the period. Vontobel Holding Ltd. owned approximately 0.07% of Invesco worth $5,587,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco in the third quarter worth about $1,428,196,000. Azora Capital LP purchased a new position in shares of Invesco in the third quarter worth about $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Invesco by 131.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager's stock worth $15,982,000 after buying an additional 516,622 shares during the period. Algert Global LLC increased its holdings in shares of Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager's stock worth $8,451,000 after buying an additional 444,470 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Invesco in the third quarter worth about $3,448,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IVZ shares. Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price on the stock. TD Cowen cut their target price on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley raised 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. 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 note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.94.

Invesco Stock Down 1.6 %

Shares of IVZ traded down $0.31 during mid-day trading on Wednesday, reaching $18.22. The company had a trading volume of 2,881,811 shares, compared to its average volume of 4,212,222. 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 firm has a 50-day moving average price of $17.85 and a 200 day moving average price of $17.49. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.50%. Invesco's payout ratio is currently 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.