Grantham Mayo Van Otterloo & Co. LLC Purchases 6,566 Shares of Invesco Ltd. (NYSE:IVZ)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,111 shares of the asset manager’s stock after purchasing an additional 6,566 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Invesco were worth $3,550,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors increased its holdings in Invesco by 131.3% in the 3rd quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager’s stock valued at $987,000 after buying an additional 31,908 shares during the period. Verition Fund Management LLC increased its stake in Invesco by 83.3% in the third quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager’s stock valued at $865,000 after acquiring an additional 22,377 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Invesco in the third quarter worth about $283,000. Quantinno Capital Management LP lifted its stake in Invesco by 13.4% during the third quarter. Quantinno Capital Management LP now owns 245,532 shares of the asset manager’s stock worth $4,312,000 after purchasing an additional 29,103 shares during the period. Finally, State Street Corp boosted its holdings in Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after purchasing an additional 151,408 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of IVZ stock opened at $12.70 on Tuesday. 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 $12.21 and a 12 month high of $19.55. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.98 and a beta of 1.26. The stock has a 50-day moving average price of $16.75 and a 200 day moving average price of $17.34.

Invesco (NYSE:IVZ) last posted its quarterly 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 net margin of 12.77% and a return on equity of 8.18%. Research analysts expect 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 paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several analyst reports. Argus raised their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Bank of America cut their price target on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods reaffirmed 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. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.