Geode Capital Management LLC Buys 134,726 Shares of Invesco Ltd. (NYSE:IVZ)

Geode Capital Management LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,383,206 shares of the asset manager’s stock after purchasing an additional 134,726 shares during the quarter. Geode Capital Management LLC owned 2.31% of Invesco worth $181,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IVZ shares. Bank of America dropped their target price on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Argus boosted their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $19.30.

Invesco Stock Down 7.6 %

Shares of Invesco stock opened at $12.78 on Monday. The company’s fifty day simple moving average is $16.85 and its two-hundred day simple moving average is $17.37. Invesco Ltd. has a 12-month low of $11.88 and a 12-month high of $19.55. 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 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.

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 net margin of 12.77% and a return on equity of 8.18%. Research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

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