Sterling Capital Management LLC Acquires 64,951 Shares of Invesco Ltd. (NYSE:IVZ)

Sterling Capital Management LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 466.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,881 shares of the asset manager's stock after buying an additional 64,951 shares during the quarter. Sterling Capital Management LLC's holdings in Invesco were worth $1,379,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in Invesco by 1.5% during the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after acquiring an additional 677 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after buying an additional 710 shares in the last quarter. Arizona State Retirement System raised its stake in Invesco by 0.8% during the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after buying an additional 812 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Invesco by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock worth $2,808,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Invesco by 1.6% during the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock worth $1,346,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IVZ shares. TD Cowen cut Invesco from a "buy" rating to a "hold" rating and lowered their target price for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Evercore ISI cut their price target on Invesco from $18.00 to $13.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. Bank of America decreased their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, BMO Capital Markets boosted their target price on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.03.

Invesco Stock Performance

Shares of IVZ stock traded up $0.14 on Friday, reaching $12.78. The stock had a trading volume of 4,677,331 shares, compared to its average volume of 4,274,680. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. The firm's 50-day moving average is $15.53 and its two-hundred day moving average is $17.02. 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 (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS 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, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's payout ratio is 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.