Rathbones Group PLC Acquires 149,638 Shares of Invesco Ltd. (NYSE:IVZ)

Rathbones Group PLC boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 663.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,180 shares of the asset manager's stock after purchasing an additional 149,638 shares during the period. Rathbones Group PLC's holdings in Invesco were worth $3,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IVZ. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco during the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd lifted its holdings in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,531 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Invesco during the 4th quarter worth $44,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco in the fourth quarter valued at about $52,000. Finally, Assetmark Inc. grew its holdings in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after buying an additional 2,770 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on IVZ. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price for the company. Bank of America reduced their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.10.

Invesco Stock Up 2.0 %

Shares of Invesco stock traded up $0.25 on Monday, hitting $13.03. The company had a trading volume of 1,220,999 shares, compared to its average volume of 4,224,708. The firm has a market capitalization of $5.83 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The stock has a 50-day moving average of $16.01 and a 200-day moving average of $17.15.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results 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 return on equity of 8.18% and a net margin of 12.77%. Research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend 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.