R Squared Ltd Purchases Shares of 9,320 Invesco Ltd. (NYSE:IVZ)

R Squared Ltd acquired a new stake in Invesco Ltd. (NYSE:IVZFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,320 shares of the asset manager’s stock, valued at approximately $163,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the 3rd quarter worth approximately $1,428,196,000. Azora Capital LP purchased a new stake in Invesco in the third quarter worth $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Invesco by 131.3% in the third 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 acquiring an additional 516,622 shares in the last quarter. Algert Global LLC increased its position in Invesco by 1,207.8% during 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 period. Finally, Vontobel Holding Ltd. bought a new position in Invesco in the 3rd quarter worth $4,889,000. 66.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IVZ. BMO Capital Markets lifted their target price on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday. TD Cowen reduced their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday. Argus upped their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, 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 research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.71.

View Our Latest Analysis on Invesco

Invesco Price Performance

NYSE IVZ opened at $18.99 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of -20.64, a PEG ratio of 1.06 and a beta of 1.43. The stock has a 50-day moving average of $17.67 and a 200 day moving average of $17.28. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.49.

Invesco (NYSE:IVZGet Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, sell-side analysts forecast that Invesco Ltd. will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.32%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

Invesco Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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