Susquehanna Fundamental Investments LLC Makes New $5.75 Million Investment in Invesco Ltd. (NYSE:IVZ)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 328,646 shares of the asset manager's stock, valued at approximately $5,745,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Invesco as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after purchasing an additional 274,134 shares during the last quarter. Geode Capital Management LLC increased its holdings in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after purchasing an additional 134,726 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after purchasing an additional 31,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Invesco by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after purchasing an additional 111,518 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Argus lifted their target price on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price for the company. Finally, Citigroup decreased their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.25.

Invesco Trading Down 1.0 %

NYSE:IVZ opened at $13.93 on Monday. 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 $6.24 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.26. The business has a 50 day simple moving average of $14.92 and a 200 day simple moving average of $16.84. 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 (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 6.03%. Invesco's dividend payout ratio (DPR) is presently 67.20%.

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.

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