113,188 Shares in Invesco Ltd. (NYSE:IVZ) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 113,188 shares of the asset manager's stock, valued at approximately $1,979,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rathbones Group PLC grew its stake in Invesco by 663.8% during the 4th quarter. Rathbones Group PLC now owns 172,180 shares of the asset manager's stock worth $3,010,000 after buying an additional 149,638 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Invesco by 2.0% during the fourth quarter. Legal & General Group Plc now owns 659,534 shares of the asset manager's stock valued at $11,529,000 after acquiring an additional 13,100 shares in the last quarter. Cerity Partners LLC raised its position in shares of Invesco by 10.8% in the 4th quarter. Cerity Partners LLC now owns 800,198 shares of the asset manager's stock valued at $13,990,000 after purchasing an additional 77,935 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Invesco by 23.3% during the 4th quarter. Russell Investments Group Ltd. now owns 105,194 shares of the asset manager's stock worth $1,839,000 after purchasing an additional 19,904 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE:IVZ opened at $13.91 on Thursday. The company's 50-day moving average is $14.68 and its two-hundred day moving average is $16.77. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IVZ shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. BMO Capital Markets lifted their target price on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Barclays increased their price target on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Finally, TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and decreased their price objective for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.25.

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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