Jones Financial Companies Lllp Acquires 20,345 Shares of Invesco Ltd. (NYSE:IVZ)

Jones Financial Companies Lllp lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,250 shares of the asset manager’s stock after acquiring an additional 20,345 shares during the period. Jones Financial Companies Lllp’s holdings in Invesco were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Avior Wealth Management LLC increased its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the third quarter worth about $35,000. Crews Bank & Trust bought a new stake in shares of Invesco during the fourth quarter worth about $44,000. Truvestments Capital LLC bought a new stake in shares of Invesco during the third quarter worth about $76,000. Finally, True Wealth Design LLC bought a new stake in shares of Invesco during the third quarter worth about $77,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen decreased their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada assumed coverage on shares of Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Down 0.5 %

IVZ opened at $15.67 on Friday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The company’s 50-day moving average price is $17.70 and its two-hundred day moving average price is $17.56.

Invesco (NYSE:IVZ) last released its earnings results 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, equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Friday, February 14th. Invesco’s payout ratio is currently 69.49%.

Invesco 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.