Invesco Ltd. (NYSE:IVZ) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its position in Invesco Ltd. (NYSE:IVZ) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,044 shares of the asset manager’s stock after purchasing an additional 133,370 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Invesco worth $11,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC acquired a new position in shares of Invesco during the fourth quarter worth about $38,000. Aster Capital Management DIFC Ltd increased its position in Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,531 shares during the period. Versant Capital Management Inc increased its position in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock worth $47,000 after purchasing an additional 2,234 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Invesco during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. grew its holdings in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after acquiring an additional 2,770 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 2.0%

NYSE:IVZ opened at $14.68 on Tuesday. The firm has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $16.15. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the previous year, the company posted $0.33 EPS. On average, equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.72%. Invesco’s payout ratio is 67.20%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price target on Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, April 23rd. Barclays upped their target price on Invesco from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday. Morgan Stanley lowered their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Bank of America lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a research note on Wednesday, April 23rd. One 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.com, the company has a consensus rating of “Hold” and a consensus price target of $17.32.

Invesco 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.