Bridgewater Associates LP Buys Shares of 88,703 Invesco Ltd. (NYSE:IVZ)

Bridgewater Associates LP purchased a new position in Invesco Ltd. (NYSE:IVZ) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 88,703 shares of the asset manager’s stock, valued at approximately $1,551,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after purchasing an additional 419,389 shares during the last quarter. Geode Capital Management LLC lifted its stake in Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock valued at $181,281,000 after buying an additional 134,726 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after acquiring an additional 31,854 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager’s stock worth $77,320,000 after acquiring an additional 111,518 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Invesco in the 4th quarter worth about $57,459,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on IVZ shares. Bank of America dropped their price target on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. UBS Group increased their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. TD Cowen lowered shares of Invesco from a “buy” rating to a “hold” rating and decreased their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price target on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.03.

Invesco Trading Up 1.1 %

Shares of IVZ opened at $12.78 on Friday. The business’s 50-day moving average price is $15.41 and its 200 day moving average price is $16.99. 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 stock has a market capitalization of $5.72 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping 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%. Analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.42%. Invesco’s payout ratio is currently 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.