Vanguard Group Inc. Has $900.13 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Vanguard Group Inc. lifted its stake in Invesco Ltd. (NYSE:IVZ) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,494,654 shares of the asset manager’s stock after purchasing an additional 419,389 shares during the quarter. Vanguard Group Inc. owned 11.46% of Invesco worth $900,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter valued at about $35,000. Crews Bank & Trust purchased a new stake in shares of Invesco in the 4th quarter valued at approximately $44,000. Assetmark Inc. boosted its stake in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares during the period. EverSource Wealth Advisors LLC grew its position in Invesco by 133.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after purchasing an additional 2,136 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Invesco during the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 2.3 %

Shares of NYSE:IVZ opened at $15.20 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $6.80 billion, a PE ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The firm has a fifty day moving average price of $17.14 and a 200 day moving average price of $17.41.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared 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 5.40%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IVZ shares. BMO Capital Markets raised 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. JPMorgan Chase & Co. lowered their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target for the company. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their target price on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research 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, the stock currently has a consensus rating of “Hold” and an average price target of $19.94.

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.