SYM FINANCIAL Corp Purchases Shares of 12,029 Invesco Ltd. (NYSE:IVZ)

SYM FINANCIAL Corp acquired a new position in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,029 shares of the asset manager’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the third quarter valued at about $1,428,196,000. Azora Capital LP purchased a new stake in Invesco during the 3rd quarter valued at about $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Invesco by 131.3% during 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 acquiring an additional 516,622 shares during the last quarter. Algert Global LLC increased its stake in 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 period. Finally, Vontobel Holding Ltd. bought a new stake in Invesco in the third quarter valued at approximately $4,889,000. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets upped their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. 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. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.71.

Invesco Trading Down 0.1 %

NYSE:IVZ opened at $19.21 on Monday. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The company’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $17.33. The firm has a market capitalization of $8.63 billion, a P/E ratio of 16.28, a PEG ratio of 1.18 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 (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. As a group, analysts forecast that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

About Invesco

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.