Gold Investment Management Ltd. Raises Stake in Invesco Ltd. (NYSE:IVZ)

Gold Investment Management Ltd. grew its holdings in Invesco Ltd. (NYSE:IVZ) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 54,867 shares of the asset manager’s stock after buying an additional 1,286 shares during the period. Gold Investment Management Ltd.’s holdings in Invesco were worth $959,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IVZ. Principal Financial Group Inc. lifted its position in Invesco by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock worth $8,988,000 after acquiring an additional 16,473 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Invesco during the third quarter worth $271,000. GSA Capital Partners LLP acquired a new stake in shares of Invesco during the third quarter worth $853,000. Sumitomo Mitsui Trust Group Inc. grew its position in Invesco by 9.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after buying an additional 1,167 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Invesco by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 141,469 shares of the asset manager’s stock valued at $2,484,000 after buying an additional 6,134 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the topic of several analyst reports. TD Cowen lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley boosted their target price on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada started coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Performance

NYSE:IVZ opened at $15.32 on Monday. 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 company has a market capitalization of $6.86 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The firm has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $17.49. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.35%. Invesco’s dividend payout ratio is currently 69.49%.

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.