Canada Pension Plan Investment Board Has $11.57 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Canada Pension Plan Investment Board lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 216.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 661,800 shares of the asset manager's stock after purchasing an additional 452,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.15% of Invesco worth $11,568,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Invesco in the 4th quarter valued at about $57,459,000. CIBC Private Wealth Group LLC raised its position in shares of Invesco by 2,385.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after acquiring an additional 1,642,645 shares during the last quarter. Amundi raised its position in shares of Invesco by 124.6% during the 4th quarter. Amundi now owns 2,653,259 shares of the asset manager's stock valued at $45,424,000 after acquiring an additional 1,472,178 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Invesco by 965.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock valued at $17,328,000 after purchasing an additional 898,210 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Invesco by 635.9% during the fourth quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager's stock worth $8,569,000 after purchasing an additional 423,621 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Stock Down 1.0 %

Shares of IVZ traded down $0.14 during mid-day trading on Friday, hitting $13.93. 6,258,182 shares of the company's stock were exchanged, compared to its average volume of 4,307,181. The company has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $16.85. 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 cap of $6.24 billion, a PE ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55.

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

Invesco Increases Dividend

The business also recently declared 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 a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 6.03%. Invesco's payout ratio is 67.20%.

Analyst Ratings Changes

A number of brokerages have issued reports on IVZ. Morgan Stanley reduced their target price on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Bank of America reduced their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI upped their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.