Invesco Ltd. (NYSE:IVZ) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH grew its position in shares of Invesco Ltd. (NYSE:IVZ) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,184 shares of the asset manager’s stock after purchasing an additional 22,788 shares during the period. Erste Asset Management GmbH’s holdings in Invesco were worth $2,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IVZ. Fisher Asset Management LLC raised its holdings in Invesco by 2.0% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after purchasing an additional 113,451 shares during the period. Proficio Capital Partners LLC acquired a new position in Invesco during the fourth quarter worth approximately $735,000. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco during the third quarter worth approximately $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after acquiring an additional 14,489 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

Invesco stock opened at $15.32 on Friday. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The company has a market cap of $6.86 billion, a PE ratio of 12.98, a PEG ratio of 0.98 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average is $17.42 and its two-hundred day moving average is $17.49.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. Equities analysts anticipate 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 was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Wall Street Analyst Weigh In

IVZ has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Argus increased their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target 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.