Invesco Ltd. (NYSE:IVZ) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 438.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,927 shares of the asset manager’s stock after acquiring an additional 10,527 shares during the period. Allworth Financial LP’s holdings in Invesco were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVZ. Fisher Asset Management LLC increased its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the 3rd quarter worth about $1,428,196,000. Mirae Asset Global Investments Co. Ltd. raised its position in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after purchasing an additional 14,489 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Invesco in the 3rd quarter valued at about $853,000. Finally, Pacer Advisors Inc. grew its position in shares of Invesco by 7.8% during the fourth quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock worth $633,000 after buying an additional 2,615 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IVZ. UBS Group raised their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays raised their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Down 2.0 %

IVZ opened at $17.50 on Friday. The business has a 50 day moving average price of $17.83 and a two-hundred day moving average price of $17.53. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a market cap of $7.86 billion, a PE ratio of 14.83, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 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%. As a group, research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.69%. Invesco’s 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.