ARGA Investment Management LP Has $1.91 Million Stake in Invesco Ltd. (NYSE:IVZ)

ARGA Investment Management LP raised its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 115.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 107,164 shares of the asset manager's stock after purchasing an additional 57,476 shares during the period. ARGA Investment Management LP's holdings in Invesco were worth $1,912,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager's stock valued at $246,163,000 after acquiring an additional 2,592,039 shares during the period. Northern Trust Corp increased its stake in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager's stock valued at $86,306,000 after purchasing an additional 1,395,023 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Invesco by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager's stock valued at $71,984,000 after purchasing an additional 136,582 shares in the last quarter. Fisher Asset Management LLC increased its stake in Invesco by 11.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager's stock valued at $69,955,000 after purchasing an additional 391,935 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Invesco by 52.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager's stock worth $33,919,000 after acquiring an additional 799,977 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Stock Performance

Shares of NYSE:IVZ traded down $0.22 during mid-day trading on Thursday, reaching $16.09. 4,267,837 shares of the company traded hands, compared to its average volume of 4,795,439. The company's 50 day moving average price is $15.58 and its 200-day moving average price is $15.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.71. The firm has a market cap of $7.24 billion, a PE ratio of -21.75, a PEG ratio of 1.20 and a beta of 1.45.

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

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.10%. This is a boost from Invesco's previous quarterly dividend of $0.20. The ex-dividend date is Monday, May 13th. Invesco's dividend payout ratio is -109.33%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Invesco from $17.75 to $16.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 24th. Wells Fargo & Company reduced their price target on shares of Invesco from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $17.00 to $16.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets restated a "market perform" rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $17.00 target price (down previously from $19.00) on shares of Invesco in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Invesco currently has an average rating of "Hold" and a consensus price target of $16.79.

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.

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.