Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Invesco Ltd. (NYSE:IVZ)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 188,594 shares of the asset manager's stock, valued at approximately $3,297,000.

A number of other institutional investors have also recently bought and sold shares of IVZ. Janney Montgomery Scott LLC lifted its position in Invesco by 83.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 88,446 shares of the asset manager's stock worth $1,546,000 after acquiring an additional 40,246 shares during the last quarter. Blue Trust Inc. increased its position in Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after acquiring an additional 1,221 shares during the period. Pacer Advisors Inc. raised its stake in Invesco by 7.8% in the 4th quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager's stock worth $633,000 after purchasing an additional 2,615 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Invesco in the 4th quarter valued at about $296,000. Finally, SYM FINANCIAL Corp acquired a new position in shares of Invesco during the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IVZ shares. Evercore ISI lifted their price target on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Wednesday, April 23rd. The Goldman Sachs Group lifted their price objective on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Citigroup reduced their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. decreased their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company cut their price objective on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus price target of $17.25.

Invesco Trading Down 0.1%

Invesco stock traded down $0.01 during trading hours on Wednesday, hitting $14.44. The stock had a trading volume of 4,749,936 shares, compared to its average volume of 4,329,734. The business's 50 day simple moving average is $14.10 and its 200-day simple moving average is $16.24. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last issued 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. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.33 EPS. On average, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were given a $0.21 dividend. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.82%. The ex-dividend date was Wednesday, May 14th. Invesco's dividend payout ratio is 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.