Invesco Ltd. (NYSE:IVZ) Shares Acquired by WBI Investments LLC

WBI Investments LLC raised its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 1,162.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,973 shares of the asset manager's stock after purchasing an additional 129,808 shares during the quarter. WBI Investments LLC's holdings in Invesco were worth $2,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IVZ. Gables Capital Management Inc. raised its holdings in shares of Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock worth $29,000 after purchasing an additional 700 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in Invesco by 0.5% in the fourth quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager's stock valued at $2,592,000 after buying an additional 767 shares in the last quarter. MCF Advisors LLC increased its holdings in Invesco by 16.1% in the fourth quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager's stock valued at $110,000 after buying an additional 855 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Finally, Paralel Advisors LLC increased its holdings in Invesco by 1.3% in the third quarter. Paralel Advisors LLC now owns 116,749 shares of the asset manager's stock valued at $1,695,000 after buying an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Trading Down 1.1 %

Shares of Invesco stock traded down $0.17 on Wednesday, reaching $15.79. The company had a trading volume of 3,729,558 shares, compared to its average volume of 4,726,425. The firm's 50 day moving average price is $15.61 and its two-hundred day moving average price is $15.73. The firm has a market cap of $7.10 billion, a PE ratio of -21.05, a PEG ratio of 1.22 and a beta of 1.45. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. Invesco's revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. Sell-side analysts predict that Invesco Ltd. will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. This is an increase from Invesco's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, May 13th. Invesco's dividend payout ratio is presently -109.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IVZ. UBS Group dropped their target price on shares of Invesco from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, January 29th. Wells Fargo & Company dropped their target price 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. Morgan Stanley lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 17th. TheStreet lowered shares of Invesco from a "b-" rating to a "c" rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $17.00 price target (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.79.

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.

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