Royal Bank of Canada Boosts Position in Invesco Ltd. (NYSE:IVZ)

Royal Bank of Canada lifted its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 201.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,657 shares of the asset manager's stock after purchasing an additional 691,704 shares during the period. Royal Bank of Canada owned 0.23% of Invesco worth $18,103,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IVZ. Colonial Trust Co SC purchased a new stake in Invesco during the fourth quarter worth about $38,000. Aster Capital Management DIFC Ltd increased its holdings 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 worth $42,000 after buying an additional 1,531 shares during the last quarter. Crews Bank & Trust purchased a new stake in Invesco during the fourth quarter worth about $44,000. Resona Asset Management Co. Ltd. purchased a new stake in Invesco during the fourth quarter worth about $52,000. Finally, Assetmark Inc. increased its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 1.8%

Invesco stock traded down $0.26 during trading hours on Wednesday, reaching $14.50. The company had a trading volume of 4,515,738 shares, compared to its average volume of 4,298,637. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $16.36. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.79%. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's dividend payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Evercore ISI lifted their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. Barclays boosted their price objective on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Invesco presently has an average rating of "Hold" and a consensus 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.