Vontobel Holding Ltd. Increases Holdings in Invesco Ltd. (NYSE:IVZ)

Vontobel Holding Ltd. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,316 shares of the asset manager's stock after buying an additional 27,666 shares during the quarter. Vontobel Holding Ltd. owned 0.08% of Invesco worth $5,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. New York State Teachers Retirement System raised its position in shares of Invesco by 8.5% during the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after buying an additional 31,643 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock valued at $296,000 after buying an additional 3,778 shares in the last quarter. Elevated Capital Advisors LLC raised its position in shares of Invesco by 3.8% during the 1st quarter. Elevated Capital Advisors LLC now owns 41,084 shares of the asset manager's stock valued at $623,000 after buying an additional 1,517 shares in the last quarter. Gold Investment Management Ltd. raised its position in shares of Invesco by 16.1% during the 1st quarter. Gold Investment Management Ltd. now owns 63,700 shares of the asset manager's stock valued at $966,000 after buying an additional 8,833 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Invesco by 15.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,861 shares of the asset manager's stock valued at $864,000 after buying an additional 7,796 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IVZ has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Barclays raised their price objective on shares of Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th. Evercore ISI raised their price objective 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. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Bank of America decreased their price objective 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.48.

Invesco Stock Performance

Invesco stock opened at $16.59 on Thursday. The company has a 50 day moving average price of $14.79 and a 200-day moving average price of $15.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company has a market capitalization of $7.43 billion, a PE ratio of 13.27, a P/E/G ratio of 1.90 and a beta of 1.48.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 13.14% and a return on equity of 8.94%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, equities analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.06%. The ex-dividend date was Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.

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.

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