Invesco Ltd. (NYSE:IVZ) Shares Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,267 shares of the asset manager’s stock after buying an additional 767 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Invesco were worth $2,592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IVZ. Northern Trust Corp grew its position in shares of Invesco by 30.7% during the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after buying an additional 1,395,023 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Invesco by 52.1% during the third quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after buying an additional 799,977 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in Invesco during the fourth quarter worth approximately $9,259,000. Barclays PLC lifted its stake in Invesco by 36.1% during the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock worth $26,907,000 after purchasing an additional 492,032 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Invesco by 26.4% during the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after purchasing an additional 402,098 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IVZ. Wells Fargo & Company decreased their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. TD Cowen decreased their target price on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.79.

Invesco Trading Down 1.2 %

Shares of Invesco stock traded down $0.17 during trading hours on Thursday, hitting $14.35. 367,899 shares of the company were exchanged, compared to its average volume of 4,687,501. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. The business has a 50-day moving average of $15.73 and a 200-day moving average of $15.44.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $0.38 EPS. Invesco’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Invesco Ltd. will post 1.75 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is currently -106.67%.

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.