LGT Group Foundation Boosts Stock Position in Invesco Ltd. (NYSE:IVZ)

LGT Group Foundation boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 38.6% during the fourth quarter, Holdings Channel reports. The firm owned 20,279 shares of the asset manager’s stock after acquiring an additional 5,644 shares during the quarter. LGT Group Foundation’s holdings in Invesco were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Mutual Life Insurance Co. purchased a new stake in shares of Invesco in the 3rd quarter worth about $1,428,196,000. State Street Corp grew its holdings in shares of Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after acquiring an additional 151,408 shares during the period. Geode Capital Management LLC raised its position in shares of Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after acquiring an additional 93,126 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after purchasing an additional 45,891 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued 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. Wells Fargo & Company raised their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating 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 research report on Wednesday, January 29th. One investment 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 company presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Down 4.6 %

IVZ stock opened at $15.99 on Wednesday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 13.55, a P/E/G 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 1-year low of $14.16 and a 1-year high of $19.55. The business has a fifty day moving average price of $17.77 and a 200-day moving average price of $17.58.

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

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio 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.