Invesco Ltd. (NYSE:IVZ) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 124.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,651 shares of the asset manager’s stock after buying an additional 292,631 shares during the period. National Bank of Canada FI owned approximately 0.12% of Invesco worth $9,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the third quarter valued at approximately $35,000. Crews Bank & Trust acquired a new position in Invesco during the fourth quarter worth $44,000. Assetmark Inc. grew its holdings in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after buying an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after acquiring an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Invesco in the 4th quarter worth $123,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IVZ. Citigroup dropped their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Barclays raised their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, TD Cowen reduced their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $19.30.

Invesco Stock Down 7.6 %

Shares of NYSE:IVZ opened at $12.78 on Friday. The firm’s 50-day moving average is $16.85 and its two-hundred day moving average is $17.37. 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 $12.35 and a 1 year high of $19.55. The firm has a market capitalization of $5.72 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm 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 6.41%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Invesco Company 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.