Raymond James Financial Inc. Invests $1.98 Million in Invesco Ltd. (NYSE:IVZ)

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

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

Analysts Set New Price Targets

IVZ has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup reduced their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Bank of America dropped their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. UBS Group increased their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and dropped their price target for the stock 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 given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.25.

Invesco Stock Performance

IVZ traded down $0.15 during trading on Tuesday, reaching $14.18. 4,933,392 shares of the company were exchanged, compared to its average volume of 4,289,475. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $14.43 and a 200 day moving average of $16.66. The stock has a market cap of $6.35 billion, a P/E ratio of 12.02, a PEG ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter last year, the company earned $0.33 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be given a $0.21 dividend. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.92%. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is currently 67.20%.

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.