Vinva Investment Management Ltd Purchases 5,143 Shares of Invesco Ltd. (NYSE:IVZ)

Vinva Investment Management Ltd boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,464 shares of the asset manager’s stock after acquiring an additional 5,143 shares during the period. Vinva Investment Management Ltd’s holdings in Invesco were worth $707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Invesco by 4.5% during the third quarter. Victory Capital Management Inc. now owns 141,469 shares of the asset manager’s stock valued at $2,484,000 after buying an additional 6,134 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Invesco by 8.1% during the third quarter. Pathstone Holdings LLC now owns 108,054 shares of the asset manager’s stock valued at $1,897,000 after buying an additional 8,101 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco by 16.0% during the third quarter. PNC Financial Services Group Inc. now owns 102,126 shares of the asset manager’s stock valued at $1,793,000 after buying an additional 14,098 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Invesco by 61.0% during the third quarter. Advisors Asset Management Inc. now owns 18,066 shares of the asset manager’s stock valued at $317,000 after buying an additional 6,843 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 1.2 %

Shares of IVZ opened at $15.34 on Friday. The firm has a market capitalization of $6.86 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $17.26 and a 200-day moving average price of $17.43.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 annualized dividend and a dividend yield of 5.35%. Invesco’s payout ratio is currently 69.49%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets raised their target price on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. TD Cowen cut their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.94.

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.