48,425 Shares in Invesco Ltd. (NYSE:IVZ) Acquired by Hancock Whitney Corp

Hancock Whitney Corp bought a new position in shares of Invesco Ltd. (NYSE:IVZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 48,425 shares of the asset manager’s stock, valued at approximately $846,000.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Invesco by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 973,351 shares of the asset manager’s stock worth $17,015,000 after acquiring an additional 40,532 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Invesco by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 929,511 shares of the asset manager’s stock worth $16,248,000 after purchasing an additional 289,258 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Invesco by 23.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 378,246 shares of the asset manager’s stock valued at $6,612,000 after buying an additional 71,380 shares during the period. Tower Research Capital LLC TRC raised its holdings in Invesco by 48.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,633 shares of the asset manager’s stock valued at $535,000 after buying an additional 9,974 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in Invesco by 1.7% during the 4th quarter. MetLife Investment Management LLC now owns 117,477 shares of the asset manager’s stock worth $2,053,000 after buying an additional 1,952 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IVZ has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup cut their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. BMO Capital Markets increased their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.25.

Invesco Trading Down 1.0 %

NYSE:IVZ opened at $13.93 on Friday. Invesco Ltd. has a 12 month low of $11.60 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 stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. The firm has a fifty day simple moving average of $14.92 and a two-hundred day simple moving average of $16.85.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.33 EPS. Analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.03%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco’s dividend payout ratio is presently 67.20%.

Invesco 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.