Invesco Ltd. (NYSE:IVZ) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 86.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,914 shares of the asset manager's stock after purchasing an additional 57,076 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Invesco were worth $2,193,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IVZ. Raymond James & Associates grew its stake in Invesco by 16.8% during the 1st quarter. Raymond James & Associates now owns 102,118 shares of the asset manager's stock valued at $2,355,000 after purchasing an additional 14,711 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Invesco by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,665 shares of the asset manager's stock worth $1,053,000 after buying an additional 2,827 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Invesco by 5.3% in the first quarter. Blair William & Co. IL now owns 64,802 shares of the asset manager's stock worth $1,494,000 after buying an additional 3,241 shares during the last quarter. Aviva PLC boosted its stake in shares of Invesco by 85.7% in the first quarter. Aviva PLC now owns 47,718 shares of the asset manager's stock worth $1,100,000 after buying an additional 22,027 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of Invesco in the first quarter worth about $273,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Invesco from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 24th. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. TD Cowen started coverage on Invesco in a report on Thursday, January 4th. They issued an "outperform" rating and a $21.00 price target for the company. The Goldman Sachs Group reduced their price target on Invesco from $18.00 to $17.75 and set a "neutral" rating for the company in a report on Thursday, April 11th. Finally, Royal Bank of Canada upped their price target on Invesco from $14.00 to $16.00 and gave the stock a "sector perform" rating in a report on Thursday, January 18th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.46.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.10 during trading hours on Friday, reaching $15.37. The stock had a trading volume of 3,017,683 shares, compared to its average volume of 3,782,174. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of -20.77, a PEG ratio of 1.01 and a beta of 1.44. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The firm has a 50-day moving average of $15.77 and a 200-day moving average of $15.41.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.39 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 1.76 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, February 16th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco's dividend payout ratio (DPR) is -108.11%.

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.