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

Headlands Technologies LLC increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 186.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,158 shares of the asset manager’s stock after purchasing an additional 9,870 shares during the period. Headlands Technologies LLC’s holdings in Invesco were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco during the 3rd quarter valued at about $1,428,196,000. Norges Bank purchased a new position in Invesco during the fourth quarter valued at approximately $57,459,000. CIBC Private Wealth Group LLC lifted its holdings in Invesco by 2,385.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock valued at $29,301,000 after acquiring an additional 1,642,645 shares during the period. Amundi lifted its holdings in Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after acquiring an additional 1,472,178 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Invesco by 965.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager’s stock worth $17,328,000 after purchasing an additional 898,210 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IVZ has been the topic of several analyst reports. Argus raised their price target on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their price target 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. Bank of America reduced their price target on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.30.

Invesco Stock Performance

NYSE IVZ opened at $12.78 on Friday. Invesco Ltd. has a fifty-two week low of $12.35 and a fifty-two week high of $19.55. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The stock’s fifty day moving average is $16.85 and its two-hundred day moving average is $17.36. 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 (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 analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company 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. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.41%. 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.