Arrowstreet Capital Limited Partnership Has $17.33 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Arrowstreet Capital Limited Partnership raised its holdings in Invesco Ltd. (NYSE:IVZ) by 965.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 991,281 shares of the asset manager’s stock after purchasing an additional 898,210 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.22% of Invesco worth $17,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the third quarter valued at about $35,000. Crews Bank & Trust bought a new position in shares of Invesco in the fourth quarter worth about $44,000. Assetmark Inc. boosted its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 2,770 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $65,000 after purchasing an additional 2,136 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Invesco during the 4th quarter worth approximately $123,000. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $12.78 on Friday. The company has a market cap of $5.72 billion, a P/E ratio of 10.83, a PEG ratio of 0.98 and a beta of 1.26. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $17.36. Invesco Ltd. has a 1-year low of $12.35 and a 1-year high of $19.55.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen cut their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Morgan Stanley upped their target price on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Argus raised their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.30.

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.