Jacobs Levy Equity Management Inc. Has $2.20 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Jacobs Levy Equity Management Inc. lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 679.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,711 shares of the asset manager's stock after acquiring an additional 109,582 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Invesco were worth $2,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter valued at $38,000. Aster Capital Management DIFC Ltd grew its holdings in Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust bought a new stake in Invesco in the fourth quarter worth about $44,000. Resona Asset Management Co. Ltd. acquired a new stake in Invesco in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. boosted its position in shares of Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares in the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Stock Down 0.7%

Shares of NYSE IVZ traded down $0.11 during mid-day trading on Monday, reaching $15.33. The company had a trading volume of 2,405,267 shares, compared to its average volume of 4,258,825. The stock has a fifty day moving average of $14.30 and a two-hundred day moving average of $16.51. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.48%. Invesco's dividend payout ratio (DPR) is presently 67.20%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Citigroup dropped their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Morgan Stanley reduced their price objective on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Evercore ISI boosted their target price on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group increased their price target on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.25.

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.