Two Sigma Advisers LP Buys 466,400 Shares of Invesco Ltd. (NYSE:IVZ)

Two Sigma Advisers LP boosted its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,768,900 shares of the asset manager's stock after purchasing an additional 466,400 shares during the period. Two Sigma Advisers LP owned about 0.84% of Invesco worth $65,880,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

IVZ has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective 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. Barclays raised their price objective on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. UBS Group raised their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and cut their price objective for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.25.

Invesco Price Performance

NYSE:IVZ traded down $0.20 during mid-day trading on Friday, reaching $14.38. The stock had a trading volume of 4,199,111 shares, compared to its average volume of 4,295,554. The stock has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $16.41. The stock has a market capitalization of $6.44 billion, a PE ratio of 12.19, a P/E/G 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. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period last year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate 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. Investors of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.84%. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is 67.20%.

About Invesco

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.