O Shaughnessy Asset Management LLC Buys 3,165 Shares of Invesco Ltd. (NYSE:IVZ)

O Shaughnessy Asset Management LLC increased its stake in Invesco Ltd. (NYSE:IVZ) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,455 shares of the asset manager’s stock after buying an additional 3,165 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Invesco were worth $725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position in shares of Invesco by 131.3% during the third quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager’s stock worth $987,000 after acquiring an additional 31,908 shares during the period. Verition Fund Management LLC increased its holdings in Invesco by 83.3% during the 3rd quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager’s stock worth $865,000 after purchasing an additional 22,377 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Invesco during the 3rd quarter worth $283,000. State Street Corp raised its position in Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after purchasing an additional 151,408 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Invesco in the 3rd quarter worth $267,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 5.3 %

Shares of NYSE:IVZ opened at $12.03 on Wednesday. The business’s 50-day moving average is $16.46 and its 200 day moving average is $17.27. 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 Ltd. has a 1 year low of $11.87 and a 1 year high of $19.55. The firm has a market capitalization of $5.39 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last announced its quarterly earnings data 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 net margin of 12.77% and a return on equity of 8.18%. On average, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid 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 6.81%. Invesco’s payout ratio is currently 69.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Bank of America lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $18.97.

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.