Invesco Ltd. (NYSE:IVZ) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,206 shares of the asset manager’s stock after buying an additional 6,221 shares during the period. NEOS Investment Management LLC’s holdings in Invesco were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the 3rd quarter worth about $35,000. Crews Bank & Trust purchased a new stake in Invesco in the 4th quarter valued at about $44,000. Assetmark Inc. increased its position in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 2,136 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $77,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IVZ. BMO Capital Markets raised their target price on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their target price on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen decreased their price target on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Down 2.3 %

IVZ stock opened at $15.20 on Monday. The company’s 50 day simple moving average is $17.14 and its 200-day simple moving average is $17.44. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $6.80 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 1.43.

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, topping 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, equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.