Geode Capital Management LLC Acquires 134,726 Shares of Invesco Ltd. (NYSE:IVZ)

Geode Capital Management LLC grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,383,206 shares of the asset manager’s stock after acquiring an additional 134,726 shares during the period. Geode Capital Management LLC’s holdings in Invesco were worth $181,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Invesco during the third quarter valued at $35,000. Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter worth about $44,000. Assetmark Inc. boosted its stake in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Invesco by 133.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Invesco during the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the topic of several analyst reports. TD Cowen dropped their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Citigroup cut their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. UBS Group upped their price target on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.30.

Invesco Stock Performance

Shares of IVZ opened at $12.78 on Monday. The business has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $17.37. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 52 week low of $11.88 and a 52 week high of $19.55. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 6.41%. Invesco’s payout ratio is 69.49%.

Invesco 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.