Aquatic Capital Management LLC Makes New $1.84 Million Investment in Invesco Ltd. (NYSE:IVZ)

Aquatic Capital Management LLC purchased a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,019 shares of the asset manager's stock, valued at approximately $1,836,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Invesco by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after acquiring an additional 274,134 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after acquiring an additional 31,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after acquiring an additional 111,518 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 0.1 %

Shares of IVZ opened at $13.94 on Tuesday. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The company has a 50-day moving average of $14.83 and a 200 day moving average of $16.81. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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 firm posted $0.33 EPS. On average, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 6.03%. Invesco's dividend payout ratio (DPR) is 67.20%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research reports. Barclays upped their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Bank of America lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.25.

About Invesco

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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