Lbp Am Sa Buys New Stake in Invesco Ltd. (NYSE:IVZ)

Lbp Am Sa purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 413,118 shares of the asset manager’s stock, valued at approximately $7,221,000. Lbp Am Sa owned approximately 0.09% of Invesco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after buying an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Invesco during the fourth quarter valued at approximately $735,000. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco during the third quarter worth approximately $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after acquiring an additional 14,489 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on IVZ. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed 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. Finally, Barclays increased their target price on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Up 2.4 %

NYSE IVZ opened at $15.32 on Friday. The stock has a market cap of $6.86 billion, a PE ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 1.43. The business has a 50 day moving average price of $17.42 and a two-hundred day moving average price of $17.49. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its quarterly 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, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. 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.