International Assets Investment Management LLC Acquires Shares of 16,594 Invesco Ltd. (NYSE:IVZ)

International Assets Investment Management LLC acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,594 shares of the asset manager’s stock, valued at approximately $296,000.

Other hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC grew its position in Invesco by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager’s stock valued at $292,000 after acquiring an additional 843 shares during the period. Wright Investors Service Inc. increased its position in shares of Invesco by 2.1% during the 3rd quarter. Wright Investors Service Inc. now owns 54,275 shares of the asset manager’s stock worth $788,000 after purchasing an additional 1,102 shares in the last quarter. Paralel Advisors LLC lifted its holdings in Invesco by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 116,749 shares of the asset manager’s stock valued at $1,695,000 after purchasing an additional 1,458 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Invesco by 0.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 210,014 shares of the asset manager’s stock valued at $3,049,000 after buying an additional 1,573 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Invesco by 2.6% during the third quarter. CIBC Asset Management Inc now owns 63,884 shares of the asset manager’s stock worth $928,000 after buying an additional 1,592 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 1.1 %

NYSE:IVZ opened at $14.68 on Friday. The company has a market cap of $6.59 billion, a P/E ratio of -19.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The business has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $15.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, analysts expect that Invesco Ltd. will post 1.74 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.59%. This is an increase from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, May 13th. Invesco’s dividend payout ratio is currently -109.33%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets reissued a “market perform” rating and issued a $17.00 target price (down from $18.00) on shares of Invesco in a report on Wednesday. The Goldman Sachs Group lowered their target price on Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen cut their price target on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday. TheStreet lowered Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Finally, Morgan Stanley upped their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Invesco has an average rating of “Hold” and an average price target of $16.79.

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.