Pictet Asset Management Holding SA Has $1.71 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Pictet Asset Management Holding SA boosted its holdings in Invesco Ltd. (NYSE:IVZ) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,935 shares of the asset manager’s stock after buying an additional 3,508 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Invesco were worth $1,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of Invesco by 4.5% in the 4th 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 purchasing an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Invesco in the fourth quarter valued at approximately $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invesco during the 4th quarter worth $424,000. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco during the third quarter worth $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco by 41.9% during the fourth 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 in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 7.6 %

Shares of NYSE IVZ opened at $12.78 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 company has a market cap 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 Ltd. has a 52 week low of $12.35 and a 52 week high of $19.55. The business has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $17.36.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS 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%. Research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.41%. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IVZ. Citigroup dropped their price target 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Royal Bank of Canada initiated coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price for the company. The Goldman Sachs Group decreased their price objective on shares of Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Argus boosted their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $19.30.

About Invesco

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.