Arrowstreet Capital Limited Partnership Has $17.33 Million Holdings in Invesco Ltd. (NYSE:IVZ)

Arrowstreet Capital Limited Partnership lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 965.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 991,281 shares of the asset manager’s stock after purchasing an additional 898,210 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Invesco were worth $17,328,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IVZ. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter valued at about $35,000. Crews Bank & Trust bought a new position in shares of Invesco in the fourth quarter valued at approximately $44,000. Assetmark Inc. boosted its position in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after buying an additional 2,770 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Invesco by 133.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after buying an additional 2,136 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Invesco in the 4th quarter valued at $123,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Down 7.6 %

NYSE:IVZ opened at $12.78 on Friday. Invesco Ltd. has a 1 year low of $12.35 and a 1 year high of $19.55. The stock’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $17.36. 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 $5.72 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26.

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

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IVZ. TD Cowen reduced their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Bank of America decreased their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group cut their target price on Invesco from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.30.

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.