62,790 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,790 shares of the asset manager's stock, valued at approximately $953,000.

Several other institutional investors also recently bought and sold shares of IVZ. Vanguard Group Inc. lifted its position in shares of Invesco by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP raised its stake in Invesco by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares during the period. AQR Capital Management LLC boosted its position in Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after acquiring an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after acquiring an additional 31,854 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of Invesco stock traded up $0.13 during trading hours on Tuesday, reaching $14.81. The stock had a trading volume of 4,739,452 shares, compared to its average volume of 4,372,530. The stock's 50 day moving average is $14.03 and its 200 day moving average is $16.15. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The firm has a market capitalization of $6.63 billion, a PE ratio of 12.55, a PEG ratio of 0.98 and a beta of 1.49.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly 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. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.21 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.67%. Invesco's dividend payout ratio (DPR) is 67.20%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company lowered their price target on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Morgan Stanley decreased their target price 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.32.

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.