Invesco Ltd. (NYSE:IVZ) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 790,044 shares of the asset manager's stock after buying an additional 133,370 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Invesco worth $11,985,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Invesco by 41.9% in 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 purchasing an additional 14,489 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Invesco by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,710 shares of the asset manager's stock worth $275,000 after purchasing an additional 1,561 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Invesco by 4.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,170 shares of the asset manager's stock worth $1,436,000 after purchasing an additional 3,718 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager's stock valued at $410,000 after buying an additional 7,986 shares during the period. Finally, Entropy Technologies LP increased its holdings in shares of Invesco by 176.3% during the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager's stock worth $1,101,000 after buying an additional 40,195 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley decreased their price target on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and cut their price objective for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Barclays increased their target price on Invesco from $14.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Evercore ISI boosted their price target on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Invesco currently has a consensus rating of "Hold" and an average price target of $17.32.

Invesco Stock Performance

IVZ stock traded up $0.25 during trading on Wednesday, hitting $15.06. 4,920,153 shares of the company's stock traded hands, compared to its average volume of 4,374,615. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The stock has a fifty day moving average price of $14.05 and a two-hundred day moving average price of $16.14. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same period in the prior year, the company earned $0.33 earnings per share. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.58%. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is presently 67.20%.

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.