Twinbeech Capital LP Buys Shares of 30,032 Invesco Ltd. (NYSE:IVZ)

Twinbeech Capital LP acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,032 shares of the asset manager's stock, valued at approximately $525,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC bought a new position in Invesco during the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd raised its stake 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 bought a new position in Invesco during the fourth quarter worth $44,000. Resona Asset Management Co. Ltd. bought a new position in Invesco during the fourth quarter worth $52,000. Finally, Assetmark Inc. raised its stake in Invesco by 381.5% during the fourth 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. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IVZ. Bank of America lowered their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group raised their price target on shares of Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Barclays raised their price target on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup decreased their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.25.

Invesco Stock Performance

IVZ stock traded down $0.20 during mid-day trading on Friday, hitting $14.38. The company had a trading volume of 4,199,111 shares, compared to its average volume of 4,295,554. The firm has a market cap of $6.44 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The stock's fifty day moving average price is $14.25 and its two-hundred day moving average price is $16.39.

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

Invesco Increases Dividend

The business 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. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.84%. Invesco's dividend payout ratio is presently 67.20%.

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.