Tudor Investment Corp ET AL Boosts Holdings in Invesco Ltd. (NYSE:IVZ)

Tudor Investment Corp ET AL raised its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 64.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 322,781 shares of the asset manager's stock after acquiring an additional 126,497 shares during the period. Tudor Investment Corp ET AL owned approximately 0.07% of Invesco worth $5,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Aquatic Capital Management LLC purchased a new position in shares of Invesco in the 4th quarter worth about $1,836,000. Susquehanna Fundamental Investments LLC bought a new position in Invesco during the fourth quarter valued at approximately $5,745,000. Hancock Whitney Corp purchased a new position in shares of Invesco during the fourth quarter worth approximately $846,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Invesco by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 973,351 shares of the asset manager's stock worth $17,015,000 after acquiring an additional 40,532 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Invesco by 45.2% in the 4th quarter. Hsbc Holdings PLC now owns 929,511 shares of the asset manager's stock worth $16,248,000 after acquiring an additional 289,258 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Down 0.3 %

Shares of IVZ traded down $0.05 on Tuesday, reaching $14.29. The stock had a trading volume of 1,222,395 shares, compared to its average volume of 4,276,304. 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 12-month low of $11.60 and a 12-month high of $19.55. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $16.67.

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

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be given a $0.21 dividend. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's payout ratio is currently 67.20%.

Analyst Ratings Changes

A number of brokerages recently commented on IVZ. Citigroup decreased 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. Wells Fargo & Company decreased 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. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and dropped their price objective for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Royal Bank of Canada started coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock 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.