91,219 Shares in Invesco Ltd. (NYSE:IVZ) Bought by Axa S.A.

AXA S.A. acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 91,219 shares of the asset manager's stock, valued at approximately $1,595,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Invesco by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after acquiring an additional 188,041 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after buying an additional 113,451 shares during the period. Proficio Capital Partners LLC bought a new stake in Invesco in the 4th quarter worth $735,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Invesco in the fourth quarter valued at about $424,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Invesco by 41.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock valued at $867,000 after acquiring an additional 14,489 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Performance

IVZ stock traded up $0.07 during trading on Friday, reaching $14.82. The stock had a trading volume of 4,056,047 shares, compared to its average volume of 4,291,715. The stock's 50 day moving average is $14.31 and its two-hundred day moving average is $16.58. The firm has a market cap of $6.63 billion, a PE ratio of 12.56, a PEG ratio of 0.98 and a beta of 1.47. 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.

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

Invesco Increases Dividend

The business also recently announced 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 boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is currently 67.20%.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. BMO Capital Markets lifted their target price on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note 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 research note on Wednesday, April 23rd. Morgan Stanley cut their price objective on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Invesco currently has a consensus rating of "Hold" and an average price target of $17.25.

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.