Baird Financial Group Inc. lifted its position in Invesco Ltd. (NYSE:IVZ) by 926.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 99,162 shares of the asset manager’s stock after purchasing an additional 89,506 shares during the period. Baird Financial Group Inc.’s holdings in Invesco were worth $2,282,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC lifted its holdings in shares of Invesco by 3,034.1% in the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock worth $110,000 after buying an additional 4,005 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Invesco by 80.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock worth $130,000 after buying an additional 2,539 shares in the last quarter. Private Capital Group LLC lifted its holdings in shares of Invesco by 134.0% in the second quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock worth $188,000 after buying an additional 4,055 shares in the last quarter. First Interstate Bank lifted its holdings in shares of Invesco by 66.7% in the third quarter. First Interstate Bank now owns 7,500 shares of the asset manager’s stock worth $172,000 after buying an additional 3,000 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Invesco in the third quarter valued at approximately $173,000. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IVZ opened at $18.52 on Monday. The company has a market capitalization of $7.62 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.79 and a beta of 1.50. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco Ltd. has a 1-year low of $18.39 and a 1-year high of $38.43.

Invesco (NYSE:IVZ) last announced its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $966.90 million for the quarter, compared to the consensus estimate of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. Invesco’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. On average, analysts anticipate that Invesco Ltd. will post 2.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Friday, November 9th. Invesco’s payout ratio is currently 44.44%.

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 9th. Barclays lowered their target price on shares of Invesco from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $27.00 target price (down from $34.00) on shares of Invesco in a research note on Friday, October 19th. Deutsche Bank lowered their target price on shares of Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Finally, Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.91.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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