Versor Investments LP Has $2.29 Million Position in Invesco Ltd. (NYSE:IVZ)

Versor Investments LP lifted its holdings in Invesco Ltd. (NYSE:IVZ) by 161.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,100 shares of the asset manager’s stock after purchasing an additional 80,900 shares during the quarter. Versor Investments LP’s holdings in Invesco were worth $2,292,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco in the third quarter valued at approximately $1,428,196,000. State Street Corp increased its holdings in Invesco by 0.7% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after purchasing an additional 93,126 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock worth $75,715,000 after buying an additional 45,891 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

NYSE:IVZ opened at $17.22 on Thursday. 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 Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The stock’s 50 day moving average price is $17.81 and its two-hundred day moving average price is $17.56. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 0.98 and a beta of 1.43.

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 return on equity of 8.18% and a net margin of 12.77%. On average, analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is 69.49%.

Analyst Ratings Changes

Several equities research analysts have commented on IVZ shares. JPMorgan Chase & Co. cut their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Barclays boosted their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. UBS Group raised their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective for the company. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.94.

About Invesco

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.