Invesco Ltd. (NYSE:IVZ) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,194 shares of the asset manager's stock after buying an additional 19,904 shares during the quarter. Russell Investments Group Ltd.'s holdings in Invesco were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its holdings in Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after purchasing an additional 677 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Invesco by 0.8% during the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after acquiring an additional 812 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Invesco by 1.6% during the 4th quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock worth $1,346,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Invesco by 18.0% during the 4th 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 last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Trading Up 3.7 %

NYSE:IVZ traded up $0.50 during midday trading on Thursday, hitting $14.01. The stock had a trading volume of 705,675 shares, compared to its average volume of 4,291,233. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.98 and a beta of 1.26. The stock has a 50-day moving average of $15.10 and a 200 day moving average of $16.90. 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 announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.00%. The ex-dividend date is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is 69.49%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a research note on Wednesday. Wells Fargo & Company dropped 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. Argus lifted their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Barclays upped their price objective on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.25.

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.