Victory Capital Management Inc. Purchases 15,222 Shares of Invesco Ltd. (NYSE:IVZ)

Victory Capital Management Inc. boosted its position in Invesco Ltd. (NYSE:IVZ) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,691 shares of the asset manager’s stock after purchasing an additional 15,222 shares during the quarter. Victory Capital Management Inc.’s holdings in Invesco were worth $2,739,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco during the third quarter valued at $1,428,196,000. State Street Corp increased its holdings in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after acquiring an additional 151,408 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Invesco by 0.9% during the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after acquiring an additional 93,126 shares in the last quarter. Fisher Asset Management LLC increased its holdings 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 valued at $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock valued at $77,320,000 after acquiring an additional 111,518 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 2.4 %

Shares of NYSE:IVZ opened at $15.32 on Monday. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock’s 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $17.49. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last announced its 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 year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. Invesco’s payout ratio is currently 69.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target for the company. BMO Capital Markets lifted their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. UBS Group lifted their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted 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. One 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 MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus target price of $19.94.

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.