Invesco Ltd. (NYSE:IVZ) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 466.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,881 shares of the asset manager's stock after buying an additional 64,951 shares during the period. Sterling Capital Management LLC's holdings in Invesco were worth $1,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Invesco in the third quarter worth approximately $35,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco during the 4th quarter worth $44,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the 4th quarter worth about $52,000. Finally, Assetmark Inc. raised its holdings in Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after buying an additional 2,770 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Bank of America lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company cut their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.03.

Invesco Stock Up 1.1 %

Shares of IVZ stock traded up $0.14 during trading hours on Friday, reaching $12.78. 4,677,331 shares of the stock were exchanged, compared to its average volume of 4,285,307. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The business's fifty day moving average is $15.41 and its two-hundred day moving average is $16.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is 69.49%.

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.