Man Group plc Grows Position in Invesco Ltd. (NYSE:IVZ)

Man Group plc lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 24.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 904,505 shares of the asset manager's stock after acquiring an additional 178,101 shares during the quarter. Man Group plc owned 0.20% of Invesco worth $15,811,000 at the end of the most recent quarter.

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

Invesco Price Performance

Shares of IVZ traded down $0.22 during midday trading on Friday, hitting $14.36. 1,253,173 shares of the company traded hands, compared to its average volume of 4,268,961. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The firm has a market cap of $6.43 billion, a P/E ratio of 12.19, a PEG ratio of 0.98 and a beta of 1.47. 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 stock has a 50-day moving average of $14.27 and a 200-day moving average of $16.45.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 represents a $0.84 annualized dividend and a dividend yield of 5.85%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is presently 67.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IVZ shares. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Evercore ISI boosted their target price on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. 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 report on Thursday, April 3rd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Argus boosted their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.25.

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.