Northern Trust Corp Buys 834,581 Shares of Invesco Ltd. (NYSE:IVZ)

Northern Trust Corp lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,361,463 shares of the asset manager's stock after acquiring an additional 834,581 shares during the period. Northern Trust Corp owned approximately 1.42% of Invesco worth $111,198,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in shares of Invesco by 1.5% during the 4th 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 in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after acquiring an additional 710 shares in the last quarter. Arizona State Retirement System grew its position in 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. CANADA LIFE ASSURANCE Co raised its position in Invesco by 0.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock valued at $2,677,000 after purchasing an additional 835 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Invesco by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock worth $2,808,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Down 0.3 %

Invesco stock traded down $0.04 during mid-day trading on Friday, hitting $14.71. 1,534,373 shares of the company's stock were exchanged, compared to its average volume of 4,289,710. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.58 billion, a P/E ratio of 12.47, a PEG ratio of 0.98 and a beta of 1.47. The company's 50 day simple moving average is $14.33 and its 200-day simple moving average is $16.62.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.33 EPS. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is currently 67.20%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Bank of America reduced their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. UBS Group raised their price target on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.25.

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.