Townsquare Capital LLC Buys New Position in Invesco Ltd. (NYSE:IVZ)

Townsquare Capital LLC purchased a new position in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,375 shares of the asset manager’s stock, valued at approximately $234,000.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the third quarter valued at $35,000. Aster Capital Management DIFC Ltd lifted its holdings in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after buying an additional 1,531 shares in the last quarter. Crews Bank & Trust purchased a new position in Invesco in the 4th quarter valued at about $44,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the fourth quarter valued at about $52,000. Finally, Assetmark Inc. increased its position in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after acquiring an additional 2,770 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IVZ shares. UBS Group increased their price target on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Morgan Stanley reduced their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.03.

Invesco Stock Performance

IVZ stock opened at $13.49 on Wednesday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock’s fifty day moving average is $15.20 and its two-hundred day moving average is $16.92.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.33 EPS. On average, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 6.08%. The ex-dividend date was Friday, February 14th. Invesco’s 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.