Fox Run Management L.L.C. Has $812,000 Stake in Invesco Ltd. (NYSE:IVZ)

Fox Run Management L.L.C. increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,448 shares of the asset manager’s stock after purchasing an additional 17,123 shares during the period. Fox Run Management L.L.C.’s holdings in Invesco were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Invesco during the 4th quarter worth approximately $1,213,000. Quantbot Technologies LP lifted its holdings in Invesco by 33.3% during the 4th quarter. Quantbot Technologies LP now owns 106,920 shares of the asset manager’s stock worth $1,869,000 after purchasing an additional 26,704 shares during the last quarter. Sciencast Management LP acquired a new stake in Invesco during the 4th quarter worth approximately $592,000. Kiker Wealth Management LLC acquired a new stake in Invesco during the 4th quarter worth approximately $1,410,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Invesco during the 4th quarter worth approximately $601,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on IVZ. TD Cowen dropped their price target on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Trading Down 1.2 %

Shares of IVZ opened at $15.34 on Monday. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The business’s fifty day moving average is $17.26 and its 200-day moving average is $17.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. Invesco’s dividend payout ratio is currently 69.49%.

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.