Invesco Ltd. (NYSE:IVZ) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,454,867 shares of the asset manager’s stock after purchasing an additional 115,833 shares during the period. Vanguard Group Inc. owned 11.45% of Invesco worth $917,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its position in shares of Invesco by 1,411.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after buying an additional 3,507,900 shares during the period. Balyasny Asset Management L.P. purchased a new position in Invesco in the 4th quarter worth approximately $61,795,000. Norges Bank purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $59,713,000. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock worth $246,163,000 after purchasing an additional 2,592,039 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after buying an additional 1,395,023 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 1.0 %

Invesco stock opened at $15.10 on Friday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The firm’s 50-day moving average is $15.21 and its 200-day moving average is $15.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. The company has a market cap of $6.79 billion, a P/E ratio of -20.13, a PEG ratio of 1.12 and a beta of 1.46.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.38 EPS. Invesco’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Invesco Ltd. will post 1.64 earnings per share for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a dividend of $0.205 per share. The ex-dividend date was Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.43%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is currently -109.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IVZ shares. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. TD Cowen lowered their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 target price (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Finally, TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus price target of $16.79.

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.