Aquatic Capital Management LLC Invests $1.84 Million in Invesco Ltd. (NYSE:IVZ)

Aquatic Capital Management LLC purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 105,019 shares of the asset manager’s stock, valued at approximately $1,836,000.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco during the third quarter worth $35,000. Aster Capital Management DIFC Ltd increased its position in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust acquired a new position in shares of Invesco in the 4th quarter valued at $44,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Invesco in the 4th quarter valued at $52,000. Finally, Assetmark Inc. increased its position in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 2,770 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 0.1 %

IVZ stock opened at $13.94 on Tuesday. The company’s 50-day simple moving average is $14.83 and its 200-day simple moving average is $16.81. 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 52-week low of $11.60 and a 52-week high of $19.55. The firm has a market cap of $6.24 billion, a P/E ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.33 EPS. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

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

Analysts Set New Price Targets

IVZ has been the topic of several research reports. Barclays upped their target price on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Citigroup cut their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group upped their target price on Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.25.

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.