Great West Life Assurance Co. Can Invests $4.34 Million in Invesco Ltd. (NYSE:IVZ)

Great West Life Assurance Co. Can bought a new position in shares of Invesco Ltd. (NYSE:IVZ – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 316,453 shares of the asset manager’s stock, valued at approximately $4,339,000. Great West Life Assurance Co. Can owned about 0.07% of Invesco at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Trian Fund Management L.P. lifted its holdings in Invesco by 18.8% in the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock valued at $1,404,885,000 after acquiring an additional 8,560,175 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Invesco by 14.0% in the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after acquiring an additional 6,384,917 shares during the last quarter. Millennium Management LLC lifted its holdings in Invesco by 1,989.5% in the second quarter. Millennium Management LLC now owns 2,464,849 shares of the asset manager’s stock valued at $39,758,000 after acquiring an additional 2,595,302 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Invesco by 109.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,924,178 shares of the asset manager’s stock valued at $31,037,000 after acquiring an additional 1,005,432 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Invesco by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,356,139 shares of the asset manager’s stock valued at $54,332,000 after acquiring an additional 935,205 shares during the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $18.97 on Monday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $18.84 and a 200 day moving average price of $17.24. The company has a market cap of $8.63 billion, a P/E ratio of 9.49, a PEG ratio of 1.94 and a beta of 1.35. Invesco Ltd. has a 12 month low of $13.20 and a 12 month high of $24.31.

Invesco (NYSE:IVZ – Get Rating) last issued its earnings results on Tuesday, October 25th. The asset manager reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 10.39% and a net margin of 18.21%. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Sell-side analysts predict that Invesco Ltd. will post 1.67 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 11th were paid a $0.188 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.75 annualized dividend and a yield of 3.96%. Invesco’s dividend payout ratio is presently 37.50%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com assumed coverage on Invesco in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. TheStreet raised Invesco from a “c+” rating to a “b-” rating in a research report on Friday, November 18th. UBS Group lowered Invesco from a “buy” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $20.00 in a research report on Tuesday, January 10th. Credit Suisse Group lowered Invesco from a “neutral” rating to an “underperform” rating and cut their target price for the company from $13.00 to $11.50 in a research report on Wednesday, October 26th. Finally, Morgan Stanley boosted their target price on Invesco from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.86.

Invesco Profile

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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.