Savant Capital LLC Increases Position in Invesco Ltd. (NYSE:IVZ)

Savant Capital LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,522 shares of the asset manager’s stock after buying an additional 5,323 shares during the quarter. Savant Capital LLC’s holdings in Invesco were worth $2,439,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC lifted its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco during the third quarter worth $35,000. Allworth Financial LP grew its position in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the last quarter. Crews Bank & Trust acquired a new position in Invesco in the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco during the 3rd quarter worth $76,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

IVZ has been the topic of a number of recent analyst reports. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley increased their target price on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.94.

Invesco Trading Down 2.4 %

NYSE:IVZ opened at $18.29 on Thursday. The company has a market capitalization of $8.22 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The stock has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $17.44. 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 (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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, equities research analysts expect that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 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.