Vestcor Inc Makes New $559,000 Investment in Invesco Ltd. (NYSE:IVZ)

Vestcor Inc bought a new position in shares of Invesco Ltd. (NYSE:IVZFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 32,000 shares of the asset manager’s stock, valued at approximately $559,000.

A number of other institutional investors also recently bought and sold shares of IVZ. Avior Wealth Management LLC raised its stake in 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 purchasing an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Invesco during the third quarter worth about $35,000. Crews Bank & Trust purchased a new position in Invesco during the fourth quarter worth about $44,000. Assetmark Inc. raised its stake in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Invesco by 133.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 2,136 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 2.4 %

NYSE IVZ opened at $15.32 on Monday. 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 Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The stock has a market capitalization of $6.86 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The firm has a 50 day moving average of $17.42 and a two-hundred day moving average of $17.49.

Invesco (NYSE:IVZGet Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate 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, research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. UBS Group boosted their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.94.

Get Our Latest Report on Invesco

Invesco Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Ltd. (NYSE:IVZFree Report).

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.