ING Groep NV Makes New $355,000 Investment in Invesco Ltd. (NYSE:IVZ)

ING Groep NV bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,313 shares of the asset manager’s stock, valued at approximately $355,000.

A number of other large investors have also recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC increased its holdings in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Invesco during the 3rd quarter worth about $35,000. Allworth Financial LP grew its holdings in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Invesco in the 4th quarter valued at about $44,000. Finally, Truvestments Capital LLC bought a new position in shares of Invesco in the 3rd quarter valued at about $76,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 0.8 %

Shares of IVZ stock opened at $17.62 on Tuesday. The firm has a 50 day moving average price of $17.82 and a two-hundred day moving average price of $17.55. 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 company has a market capitalization of $7.92 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings data 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 net margin of 12.77% and a return on equity of 8.18%. As a group, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.66%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analyst Weigh In

IVZ has been the subject of several analyst reports. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

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.