UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Invesco Ltd. (NYSE:IVZ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033,982 shares of the asset manager's stock after purchasing an additional 123,826 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Invesco worth $18,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IVZ. Colonial Trust Co SC bought a new stake in shares of Invesco in the 4th quarter worth $38,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after buying an additional 1,531 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter worth $44,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco in the 4th quarter worth $52,000. Finally, Assetmark Inc. boosted its stake in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after buying an additional 2,770 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Stock Performance

Shares of IVZ stock traded down $0.29 during trading hours on Friday, reaching $14.46. 5,142,205 shares of the company traded hands, compared to its average volume of 4,332,581. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. 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 $6.47 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.98 and a beta of 1.47. The firm has a 50-day moving average price of $14.15 and a 200 day moving average price of $16.30.

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 for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.33 EPS. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal 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 issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. 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 5.81%. Invesco's payout ratio is currently 67.20%.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of research reports. Barclays raised their price target on 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 dropped their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Bank of America dropped their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Citigroup dropped their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, Evercore ISI raised their price target on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.