42,074 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 42,074 shares of the asset manager’s stock, valued at approximately $735,000.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco in the third quarter worth about $1,428,196,000. Azora Capital LP acquired a new position in Invesco in the 3rd quarter worth about $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares in the last quarter. Algert Global LLC grew its holdings in Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after purchasing an additional 444,470 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Invesco by 635.9% in the fourth quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock valued at $8,569,000 after buying an additional 423,621 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the topic of several recent analyst reports. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada assumed coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock. Wells Fargo & Company raised their target price on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Performance

Shares of IVZ stock opened at $15.34 on Friday. The stock’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $6.86 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.35%. Invesco’s dividend payout ratio (DPR) is currently 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.