Schonfeld Strategic Advisors LLC Increases Stake in Invesco Ltd. (NYSE:IVZ)

Schonfeld Strategic Advisors LLC raised its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 734.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,412 shares of the asset manager's stock after acquiring an additional 289,924 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Invesco worth $5,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. JPMorgan Chase & Co. increased its stake in shares of Invesco by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock worth $22,472,000 after purchasing an additional 188,041 shares in the last quarter. Bank of New York Mellon Corp grew its position in Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after acquiring an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Invesco in the fourth quarter valued at about $735,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Invesco in the fourth quarter worth about $424,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Invesco by 41.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock valued at $867,000 after buying an additional 14,489 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Price Performance

NYSE IVZ traded up $0.49 during trading hours on Thursday, hitting $14.82. The company had a trading volume of 849,055 shares, compared to its average volume of 4,281,042. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.98 and a beta of 1.47. The firm has a 50 day simple moving average of $14.37 and a 200 day simple moving average of $16.64.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period in the previous year, the firm earned $0.33 EPS. Equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.67%. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's dividend payout ratio is 67.20%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Citigroup lowered their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Barclays lifted their price target on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Finally, BMO Capital Markets boosted their target price on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Invesco currently has an average 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.