Bridgewater Associates LP Takes $1.55 Million Position in Invesco Ltd. (NYSE:IVZ)

Bridgewater Associates LP bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 88,703 shares of the asset manager's stock, valued at approximately $1,551,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Mariner LLC boosted its holdings in Invesco by 20.0% in the fourth quarter. Mariner LLC now owns 97,895 shares of the asset manager's stock worth $1,711,000 after acquiring an additional 16,299 shares in the last quarter. Barclays PLC boosted its holdings in Invesco by 12.6% in the fourth quarter. Barclays PLC now owns 2,662,773 shares of the asset manager's stock worth $46,543,000 after acquiring an additional 298,599 shares in the last quarter. Townsquare Capital LLC bought a new stake in Invesco in the fourth quarter worth $234,000. Sterling Capital Management LLC boosted its holdings in Invesco by 466.3% in the fourth quarter. Sterling Capital Management LLC now owns 78,881 shares of the asset manager's stock worth $1,379,000 after acquiring an additional 64,951 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Invesco by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock worth $2,808,000 after acquiring an additional 1,010 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IVZ has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group boosted their price target on Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.25.

Invesco Price Performance

Shares of IVZ stock traded up $0.52 during mid-day trading on Thursday, hitting $14.03. The company had a trading volume of 1,599,150 shares, compared to its average volume of 4,294,060. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The stock's 50 day moving average price is $15.10 and its 200-day moving average price is $16.90. 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 company has a market capitalization of $6.28 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm 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 in the previous year, the firm earned $0.33 earnings per share. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid 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 5.99%. Invesco's dividend payout ratio is presently 69.49%.

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.