Fisher Asset Management LLC Has $79.24 Million Position in Invesco Ltd. (NYSE:IVZ)

Fisher Asset Management LLC reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,533,275 shares of the asset manager’s stock after selling 7,638 shares during the period. Fisher Asset Management LLC’s holdings in Invesco were worth $79,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco in the 3rd quarter valued at $1,428,196,000. State Street Corp raised its holdings in Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after acquiring an additional 151,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after acquiring an additional 93,126 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Invesco by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after acquiring an additional 45,891 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after acquiring an additional 113,451 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 1.1 %

NYSE IVZ opened at $17.40 on Friday. The business’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $17.58. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The firm has a market capitalization of $7.82 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 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%. On average, analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.71%. Invesco’s payout ratio is 69.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.94.

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.