Mather Group LLC. Purchases 3,313 Shares of Invesco Ltd. (NYSE:IVZ)

Mather Group LLC. increased its position in Invesco Ltd. (NYSE:IVZ) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 35,925 shares of the asset manager’s stock after buying an additional 3,313 shares during the quarter. Mather Group LLC.’s holdings in Invesco were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Avior Wealth Management LLC lifted its holdings 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 valued at $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the third quarter valued at $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the period. Crews Bank & Trust bought a new position in shares of Invesco during the fourth quarter valued at $44,000. Finally, Truvestments Capital LLC bought a new position in shares of Invesco during the third quarter valued at $76,000. 66.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IVZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Morgan Stanley cut their price target on Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.87.

Invesco Price Performance

Shares of IVZ stock opened at $18.73 on Thursday. The stock has a 50-day moving average price of $17.75 and a 200 day moving average price of $17.37. 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 firm has a market cap of $8.42 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.06 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Research analysts expect that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.38%. Invesco’s payout ratio is currently 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.