Impax Asset Management Group plc Purchases 18,173 Shares of Invesco Ltd. (NYSE:IVZ)

Impax Asset Management Group plc grew its position in Invesco Ltd. (NYSE:IVZ) by 32.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 74,673 shares of the asset manager’s stock after purchasing an additional 18,173 shares during the period. Impax Asset Management Group plc’s holdings in Invesco were worth $1,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Avior Wealth Management LLC boosted its position in shares of Invesco by 484.9% in 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 acquired a new stake in Invesco in the third quarter worth about $35,000. Allworth Financial LP increased its holdings in shares of Invesco by 304.0% during the third 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 acquired a new position in shares of Invesco during the fourth quarter valued at about $44,000. Finally, Truvestments Capital LLC acquired a new position in shares of Invesco during the third quarter valued at about $76,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Down 1.7 %

Shares of NYSE:IVZ opened at $17.33 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The business has a 50 day moving average of $17.81 and a two-hundred day moving average of $17.56. The company has a market capitalization of $7.79 billion, a PE ratio of 14.68, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings data 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, analysts forecast that Invesco Ltd. will post 1.87 EPS 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 $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.73%. Invesco’s dividend payout ratio is presently 69.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IVZ shares. Wells Fargo & Company upped 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. Barclays lifted their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.