Headlands Technologies LLC Raises Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Headlands Technologies LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 186.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,158 shares of the asset manager’s stock after acquiring an additional 9,870 shares during the period. Headlands Technologies LLC’s holdings in Invesco were worth $265,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. 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 report on Thursday. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Citigroup reduced their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.30.

Invesco Price Performance

Shares of IVZ opened at $12.78 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a fifty-two week low of $12.35 and a fifty-two week high of $19.55. The firm has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $17.36. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth 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 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 anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.41%. Invesco’s dividend payout ratio is currently 69.49%.

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.