Bailard Inc. Makes New $473,000 Investment in Invesco Ltd. (NYSE:IVZ)

Bailard Inc. purchased a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,200 shares of the asset manager's stock, valued at approximately $473,000.

A number of other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in shares of Invesco by 81.1% in the first quarter. Victory Capital Management Inc. now owns 283,699 shares of the asset manager's stock valued at $4,304,000 after buying an additional 127,008 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Invesco by 17.8% during the first quarter. SBI Securities Co. Ltd. now owns 8,258 shares of the asset manager's stock worth $125,000 after purchasing an additional 1,247 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Invesco during the first quarter worth $204,000. CWM LLC boosted its position in Invesco by 0.5% during the first quarter. CWM LLC now owns 163,434 shares of the asset manager's stock worth $2,479,000 after purchasing an additional 862 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Invesco by 11.6% during the first quarter. New York State Common Retirement Fund now owns 258,990 shares of the asset manager's stock worth $3,929,000 after purchasing an additional 27,000 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on IVZ shares. TD Cowen downgraded Invesco from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Evercore ISI boosted their target price on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Bank of America decreased their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group upped their price objective on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Finally, Barclays upped their price objective on Invesco from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.65.

Invesco Trading Up 15.4%

Invesco stock traded up $2.66 during trading on Friday, hitting $19.94. The company's stock had a trading volume of 35,652,899 shares, compared to its average volume of 4,627,196. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.72 and a beta of 1.48. The stock's fifty day moving average is $15.52 and its 200 day moving average is $15.79. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $20.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37.

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, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.94% and a net margin of 13.14%. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a $0.21 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 4.21%. The ex-dividend date was Wednesday, May 14th. Invesco's dividend payout ratio is presently 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.