Savant Capital LLC Grows Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Savant Capital LLC lifted its position in Invesco Ltd. (NYSE:IVZ) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 reporting period.

Several other hedge funds have also recently bought and sold shares of IVZ. AlphaStar Capital Management LLC increased its stake in Invesco by 89.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock worth $483,000 after purchasing an additional 13,090 shares during the period. Entropy Technologies LP grew its holdings in shares of Invesco by 176.3% in the fourth quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock valued at $1,101,000 after purchasing an additional 40,195 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock worth $410,000 after buying an additional 7,986 shares during the period. Lecap Asset Management Ltd. lifted its holdings in Invesco by 81.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager’s stock worth $1,307,000 after buying an additional 33,489 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Invesco by 4.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,170 shares of the asset manager’s stock valued at $1,436,000 after buying an additional 3,718 shares during the period. 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 research reports. UBS Group upped their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Price Performance

Shares of IVZ opened at $18.29 on Thursday. 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 $14.16 and a 1-year high of $19.55. The stock has a market cap 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. The firm has a fifty day moving average price of $17.82 and a 200 day moving average price of $17.44.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s 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.