Swiss National Bank Purchases 5,200 Shares of Invesco Ltd. (NYSE:IVZ)

Swiss National Bank boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 663,800 shares of the asset manager’s stock after buying an additional 5,200 shares during the period. Swiss National Bank’s holdings in Invesco were worth $11,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco during the third quarter valued at approximately $1,428,196,000. Azora Capital LP bought a new position in Invesco during the third quarter valued at approximately $27,289,000. Amundi boosted its stake in Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after buying an additional 1,472,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invesco by 131.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after purchasing an additional 516,622 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after purchasing an additional 444,470 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the subject of several analyst reports. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada initiated coverage on Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Trading Down 0.4 %

IVZ opened at $15.51 on Friday. The stock’s fifty day moving average is $17.28 and its two-hundred day moving average is $17.44. The company has a market capitalization of $6.94 billion, a P/E ratio of 13.14, a PEG ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS 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%. Analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.29%. Invesco’s dividend payout ratio is presently 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.