Twin Capital Management Inc. Has $592,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Twin Capital Management Inc. lifted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,047 shares of the asset manager's stock after acquiring an additional 13,072 shares during the quarter. Twin Capital Management Inc.'s holdings in Invesco were worth $592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock worth $22,472,000 after purchasing an additional 188,041 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invesco during the 4th quarter valued at $424,000. New York State Teachers Retirement System raised its stake in Invesco by 8.5% during the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after acquiring an additional 31,643 shares in the last quarter. Principal Financial Group Inc. raised its stake in Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock valued at $21,213,000 after acquiring an additional 894,105 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco during the 4th quarter valued at $1,979,000. Institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IVZ. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 price target (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their target price on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Evercore ISI lifted their target price on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. Citigroup decreased their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Morgan Stanley lifted their target price on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.78.

Invesco Price Performance

Shares of IVZ stock traded down $0.03 during trading hours on Thursday, hitting $21.42. The company had a trading volume of 3,025,758 shares, compared to its average volume of 5,685,209. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.84 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 0.59. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $21.68. The firm's fifty day moving average is $15.73 and its 200 day moving average is $15.84.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 7.97% and a net margin of 10.68%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be given a $0.21 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.92%. Invesco's payout ratio is 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.