State Street Corp Purchases 151,408 Shares of Invesco Ltd. (NYSE:IVZ)

State Street Corp boosted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,060,533 shares of the asset manager's stock after acquiring an additional 151,408 shares during the quarter. State Street Corp owned 4.69% of Invesco worth $369,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. Marshall Wace LLP grew its position in Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock valued at $18,269,000 after acquiring an additional 654,960 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Invesco during the second quarter worth approximately $576,000. Algert Global LLC bought a new stake in shares of Invesco in the 2nd quarter worth approximately $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock valued at $1,378,000 after purchasing an additional 1,020 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IVZ shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Evercore ISI raised their price target on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.63.

Invesco Stock Up 0.5 %

Invesco stock traded up $0.09 on Tuesday, hitting $18.45. 4,128,062 shares of the stock traded hands, compared to its average volume of 4,135,465. The business's fifty day simple moving average is $17.84 and its 200 day simple moving average is $16.68. The firm has a market cap of $8.29 billion, a P/E ratio of -19.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco's quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Thursday, November 14th. Invesco's payout ratio is -89.13%.

Invesco 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.