Price T Rowe Associates Inc. MD Acquires 40,532 Shares of Invesco Ltd. (NYSE:IVZ)

Price T Rowe Associates Inc. MD increased its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 973,351 shares of the asset manager's stock after acquiring an additional 40,532 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.22% of Invesco worth $17,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares during the period. Geode Capital Management LLC boosted its holdings in Invesco by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares during the period. Alliancebernstein L.P. grew its stake in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after buying an additional 31,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Invesco by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after acquiring an additional 111,518 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

NYSE IVZ traded up $0.49 on Friday, reaching $14.41. 4,372,064 shares of the company's stock traded hands, compared to its average volume of 4,289,581. The stock has a market cap of $6.45 billion, a PE ratio of 12.21, a P/E/G ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The stock has a 50-day simple moving average of $14.55 and a 200 day simple moving average of $16.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the company earned $0.33 EPS. As a group, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.83%. Invesco's dividend payout ratio is currently 67.20%.

Analyst Ratings Changes

IVZ has been the subject of several recent research reports. Bank of America reduced their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. BMO Capital Markets upped their price target on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays increased their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.