Amundi Increases Stake in Invesco Ltd. (NYSE:IVZ)

Amundi raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 124.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,653,259 shares of the asset manager’s stock after acquiring an additional 1,472,178 shares during the period. Amundi’s holdings in Invesco were worth $45,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco during the 3rd quarter valued at approximately $1,428,196,000. Azora Capital LP bought a new position in shares of Invesco during the 3rd quarter valued at approximately $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after acquiring an additional 516,622 shares during the last quarter. Algert Global LLC boosted its position in shares of Invesco by 1,207.8% during the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after acquiring an additional 444,470 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Invesco by 635.9% during the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock valued at $8,569,000 after acquiring an additional 423,621 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IVZ. TD Cowen lowered their target price on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. 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. Argus raised their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Stock Performance

IVZ stock opened at $15.23 on Thursday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.98 and a beta of 1.43. 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 twelve month low of $14.16 and a twelve month high of $19.55. The business’s fifty day simple moving average is $17.52 and its two-hundred day simple moving average is $17.52.

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

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.39%. Invesco’s dividend 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.