Alliancebernstein L.P. Raises Stock Position in Invesco Ltd. (NYSE:IVZ)

Alliancebernstein L.P. lifted its stake in Invesco Ltd. (NYSE:IVZ) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,380,191 shares of the asset manager’s stock after purchasing an additional 31,854 shares during the period. Alliancebernstein L.P. owned 1.42% of Invesco worth $111,526,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IVZ. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Invesco by 9.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,669 shares of the asset manager’s stock worth $1,241,000 after buying an additional 5,878 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Invesco by 3.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 2,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invesco by 131.3% in 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 purchasing an additional 516,622 shares during the period. Captrust Financial Advisors boosted its position in shares of Invesco by 131.3% during the third quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager’s stock valued at $987,000 after purchasing an additional 31,908 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in Invesco by 83.3% in the third quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager’s stock worth $865,000 after purchasing an additional 22,377 shares during the period. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on IVZ shares. UBS Group raised their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup dropped their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday. Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted 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. Finally, Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $19.66.

Invesco Price Performance

NYSE IVZ opened at $15.73 on Thursday. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The stock has a 50-day moving average of $17.02 and a 200 day moving average of $17.41. 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 company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 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.