32,000 Shares in Invesco Ltd. (NYSE:IVZ) Bought by Vestcor Inc

Vestcor Inc acquired a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,000 shares of the asset manager's stock, valued at approximately $559,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager's stock valued at $8,988,000 after purchasing an additional 16,473 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Invesco in the 3rd quarter valued at about $271,000. GSA Capital Partners LLP bought a new stake in shares of Invesco in the 3rd quarter valued at about $853,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Invesco by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock valued at $248,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Invesco by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 141,469 shares of the asset manager's stock valued at $2,484,000 after purchasing an additional 6,134 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on IVZ. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.94.

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Invesco Stock Performance

Invesco stock traded down $0.06 during mid-day trading on Thursday, reaching $15.51. 4,067,611 shares of the company traded hands, compared to its average volume of 3,838,692. The firm's fifty day moving average is $17.31 and its two-hundred day moving average is $17.46. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. 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 fifty-two week low of $14.16 and a fifty-two week high of $19.55.

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, equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is currently 69.49%.

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.