37,009 Shares in Invesco Ltd. (NYSE:IVZ) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,009 shares of the asset manager’s stock, valued at approximately $647,000.

A number of other large investors also recently bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco in the 3rd quarter worth about $1,428,196,000. Azora Capital LP acquired a new position in Invesco in the 3rd quarter worth about $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Invesco by 131.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the period. Algert Global LLC raised its holdings in Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after purchasing an additional 444,470 shares during the period. Finally, Ieq Capital LLC raised its holdings in Invesco by 635.9% in the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after purchasing an additional 423,621 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IVZ. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen reduced their target price on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. UBS Group increased their target price on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Price Performance

IVZ stock opened at $15.74 on Friday. 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 business has a 50 day simple moving average of $17.75 and a 200-day simple moving average of $17.57. The firm has a market capitalization of $7.07 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.21%. Invesco’s payout ratio 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.