Pacer Advisors Inc. Acquires 2,615 Shares of Invesco Ltd. (NYSE:IVZ)

Pacer Advisors Inc. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,199 shares of the asset manager’s stock after buying an additional 2,615 shares during the period. Pacer Advisors Inc.’s holdings in Invesco were worth $633,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco during the 3rd quarter valued at $1,428,196,000. Azora Capital LP bought a new stake in shares of Invesco during the 3rd quarter valued at $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Invesco by 131.3% in the 3rd 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 during the last quarter. Algert Global LLC raised its position in shares of Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after purchasing an additional 444,470 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Invesco in the 3rd quarter worth about $4,889,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent analyst reports. Barclays lifted 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. The Goldman Sachs Group lifted their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.87.

Invesco Price Performance

Shares of Invesco stock opened at $18.35 on Tuesday. The stock has a 50 day moving average of $17.73 and a 200 day moving average of $17.34. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The firm has a market cap of $8.24 billion, a PE ratio of 15.55, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings results 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 return on equity of 8.18% and a net margin of 12.77%. On average, research analysts expect that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s payout ratio is presently 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.