Fisher Asset Management LLC Boosts Holdings in Invesco Ltd. (NYSE:IVZ)

Fisher Asset Management LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,921,250 shares of the asset manager's stock after acquiring an additional 391,935 shares during the period. Fisher Asset Management LLC owned approximately 0.87% of Invesco worth $69,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Alaska Permanent Fund Corp raised its position in shares of Invesco by 0.5% in the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager's stock valued at $2,592,000 after purchasing an additional 767 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Invesco by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager's stock valued at $292,000 after purchasing an additional 843 shares in the last quarter. MCF Advisors LLC raised its position in shares of Invesco by 16.1% in the 4th quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager's stock valued at $110,000 after purchasing an additional 855 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Wright Investors Service Inc. raised its position in shares of Invesco by 2.1% in the 3rd quarter. Wright Investors Service Inc. now owns 54,275 shares of the asset manager's stock valued at $788,000 after purchasing an additional 1,102 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Price Performance

Invesco stock traded up $0.31 during mid-day trading on Friday, hitting $14.84. The company's stock had a trading volume of 5,526,778 shares, compared to its average volume of 4,819,637. The company has a quick ratio of 5.01, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $6.67 billion, a P/E ratio of -19.79, a P/E/G ratio of 1.10 and a beta of 1.45. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The stock's fifty day moving average price is $15.58 and its two-hundred day moving average price is $15.47.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Research analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.53%. This is a boost from Invesco's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco's payout ratio is presently -106.67%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $17.00 target price (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price target on Invesco from $17.75 to $16.75 and set a "neutral" rating for the company in a report on Wednesday, April 24th. TD Cowen lowered their price target on Invesco from $21.00 to $19.50 and set a "buy" rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded Invesco from a "hold" rating to a "sell" rating in a report on Friday. Finally, UBS Group lowered their price objective on Invesco from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $16.79.

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.