Hancock Whitney Corp Invests $846,000 in Invesco Ltd. (NYSE:IVZ)

Hancock Whitney Corp bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 48,425 shares of the asset manager's stock, valued at approximately $846,000.

Several other hedge funds also recently modified their holdings of IVZ. Vanguard Group Inc. raised its position in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP raised its holdings in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares during the period. Geode Capital Management LLC lifted its stake in Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock valued at $181,281,000 after buying an additional 134,726 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Invesco by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after buying an additional 31,854 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after acquiring an additional 111,518 shares during the period. Institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IVZ. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. One 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. Based on data from MarketBeat, Invesco presently has a consensus rating of "Hold" and a consensus target price of $17.25.

Invesco Stock Performance

NYSE IVZ traded up $0.10 during trading on Thursday, reaching $14.03. The company's stock had a trading volume of 1,001,489 shares, compared to its average volume of 4,276,906. The firm has a 50 day moving average price of $14.68 and a 200 day moving average price of $16.77. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.33 EPS. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.99%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio 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.