MetLife Investment Management LLC Increases Stake in Invesco Ltd. (NYSE:IVZ)

MetLife Investment Management LLC grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,477 shares of the asset manager’s stock after acquiring an additional 1,952 shares during the quarter. MetLife Investment Management LLC’s holdings in Invesco were worth $2,053,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after acquiring an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after acquiring an additional 274,134 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 134,726 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after acquiring an additional 31,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Invesco by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock valued at $77,320,000 after acquiring an additional 111,518 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IVZ. Wells Fargo & Company dropped 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. Morgan Stanley dropped their price objective on shares of Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Argus raised their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.25.

Invesco Stock Up 0.1 %

Shares of NYSE IVZ opened at $13.94 on Tuesday. 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 company has a market cap of $6.24 billion, a P/E ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The firm has a 50-day simple moving average of $14.83 and a two-hundred day simple moving average of $16.81.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter last year, the firm earned $0.33 earnings per share. Research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 6.03%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is presently 67.20%.

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.