27,566 Shares in Invesco Ltd. $IVZ Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 27,566 shares of the asset manager's stock, valued at approximately $418,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. The Manufacturers Life Insurance Company grew its position in shares of Invesco by 1.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 322,520 shares of the asset manager's stock worth $5,638,000 after acquiring an additional 6,016 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Invesco by 15.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 76,279 shares of the asset manager's stock worth $1,333,000 after purchasing an additional 9,946 shares during the last quarter. AXA S.A. bought a new position in Invesco during the fourth quarter worth $1,595,000. Algert Global LLC lifted its stake in Invesco by 5.6% during the fourth quarter. Algert Global LLC now owns 508,157 shares of the asset manager's stock worth $8,883,000 after purchasing an additional 26,887 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco by 2.4% during the fourth quarter. Ameriprise Financial Inc. now owns 391,285 shares of the asset manager's stock worth $6,840,000 after purchasing an additional 9,018 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Barclays raised their price objective on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Zacks Research raised Invesco to a "hold" rating in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Invesco has an average rating of "Hold" and an average price target of $19.38.

Invesco Stock Down 0.2%

Shares of NYSE IVZ traded down $0.05 during trading hours on Friday, hitting $21.91. 1,813,977 shares of the stock were exchanged, compared to its average volume of 5,502,990. The firm has a fifty day moving average price of $19.90 and a 200-day moving average price of $16.60. The company has a market cap of $9.77 billion, a PE ratio of 23.56, a PEG ratio of 1.22 and a beta of 1.58. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $22.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. On average, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 14th. Invesco's payout ratio is currently 90.32%.

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.