Grantham Mayo Van Otterloo & Co. LLC Has $3.55 Million Position in Invesco Ltd. (NYSE:IVZ)

Grantham Mayo Van Otterloo & Co. LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,111 shares of the asset manager’s stock after purchasing an additional 6,566 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Invesco were worth $3,550,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after buying an additional 419,389 shares in the last quarter. State Street Corp raised its position in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after purchasing an additional 151,408 shares during the period. Geode Capital Management LLC raised its position in shares of Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after purchasing an additional 134,726 shares during the period. Alliancebernstein L.P. lifted 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 purchasing an additional 31,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Invesco by 2.6% in 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 purchasing an additional 111,518 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen cut their price target 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. Argus upped their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Bank of America dropped their price target on Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.30.

Invesco Stock Performance

Shares of IVZ opened at $12.70 on Tuesday. The company has a market cap of $5.68 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The firm has a 50-day moving average of $16.75 and a 200-day moving average of $17.34. Invesco Ltd. has a one year low of $12.21 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend 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.