Invesco Ltd. (NYSE:IVZ) Position Increased by Mather Group LLC.

Mather Group LLC. raised its position in shares of Invesco Ltd. (NYSE:IVZ) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,925 shares of the asset manager’s stock after buying an additional 3,313 shares during the quarter. Mather Group LLC.’s holdings in Invesco were worth $628,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter valued at about $35,000. Allworth Financial LP lifted its position in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Invesco in the fourth quarter worth approximately $44,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Invesco in the third quarter worth approximately $76,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IVZ shares. Evercore ISI increased their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Barclays increased their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.87.

Invesco Trading Up 1.8 %

Shares of IVZ stock opened at $18.73 on Thursday. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $17.75 and its two-hundred day moving average is $17.37. The company has a market cap of $8.42 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. Equities analysts predict that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.38%. Invesco’s payout ratio is 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.