Invesco Ltd. (NYSE:IVZ) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,194 shares of the asset manager’s stock after buying an additional 19,904 shares during the period. Russell Investments Group Ltd.’s holdings in Invesco were worth $1,839,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IVZ. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Invesco by 3.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 203,111 shares of the asset manager’s stock worth $3,550,000 after purchasing an additional 6,566 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Invesco during the fourth quarter valued at about $52,000. Headlands Technologies LLC increased its position in Invesco by 186.6% in the 4th quarter. Headlands Technologies LLC now owns 15,158 shares of the asset manager’s stock worth $265,000 after buying an additional 9,870 shares during the period. Geode Capital Management LLC raised its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock valued at $181,281,000 after purchasing an additional 134,726 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Invesco by 124.5% in the fourth quarter. National Bank of Canada FI now owns 527,651 shares of the asset manager’s stock valued at $9,223,000 after buying an additional 292,631 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IVZ. Wells Fargo & Company lowered their price target on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Citigroup decreased their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. TD Cowen downgraded Invesco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. Finally, Barclays reduced their price target on shares of Invesco from $20.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.03.

Invesco Price Performance

Shares of NYSE IVZ opened at $12.78 on Friday. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The business has a 50-day moving average of $15.41 and a 200-day moving average of $16.99.

Invesco (NYSE:IVZ) last posted its quarterly 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%. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

About Invesco

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.