Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Invesco Ltd. (NYSE:IVZ)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 41.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,065 shares of the asset manager's stock after buying an additional 14,489 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Invesco were worth $867,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after buying an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Invesco in the third quarter valued at approximately $35,000. Allworth Financial LP increased its stake in Invesco by 304.0% in the third 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. Crews Bank & Trust purchased a new position in Invesco in the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco in the third quarter valued at approximately $76,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

IVZ stock traded up $0.06 during trading on Friday, hitting $18.48. The stock had a trading volume of 3,145,147 shares, compared to its average volume of 4,779,575. The company's 50 day moving average price is $17.85 and its two-hundred day moving average price is $17.45. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last announced its 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%. On average, sell-side analysts forecast that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.

Analysts Set New Price Targets

Several equities analysts have commented on IVZ shares. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Evercore ISI raised their target price on shares of Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.94.

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.