Invesco Ltd. (NYSE:IVZ) Shares Acquired by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lifted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 378,246 shares of the asset manager's stock after buying an additional 71,380 shares during the quarter. State of Tennessee Department of Treasury owned 0.08% of Invesco worth $6,612,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Invesco by 1.5% during the third quarter. Barclays PLC now owns 2,364,174 shares of the asset manager's stock worth $41,516,000 after purchasing an additional 35,031 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the 3rd quarter worth $35,000. Franklin Resources Inc. lifted its holdings in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager's stock worth $2,265,000 after buying an additional 73,671 shares in the last quarter. Principal Financial Group Inc. boosted its position in Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager's stock valued at $8,988,000 after buying an additional 16,473 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Invesco by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 1,097,568 shares of the asset manager's stock valued at $19,273,000 after acquiring an additional 8,097 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

IVZ traded down $0.20 during trading on Wednesday, reaching $13.77. 802,479 shares of the company were exchanged, compared to its average volume of 4,279,180. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.16 billion, a P/E ratio of 11.66, a PEG ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The firm has a 50 day moving average of $14.75 and a 200 day moving average of $16.79.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results 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. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.33 EPS. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.10%. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio is 67.20%.

Wall Street Analyst Weigh In

Several research analysts recently commented on IVZ shares. Wells Fargo & Company cut their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Barclays upped their target price on Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 23rd. Citigroup decreased their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Argus upped their price target on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Invesco currently has a consensus rating of "Hold" and a consensus target price 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.