Fox Run Management L.L.C. Has $812,000 Stake in Invesco Ltd. (NYSE:IVZ)

Fox Run Management L.L.C. raised its stake in Invesco Ltd. (NYSE:IVZ) by 58.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,448 shares of the asset manager’s stock after buying an additional 17,123 shares during the quarter. Fox Run Management L.L.C.’s holdings in Invesco were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Invesco in the fourth quarter worth about $735,000. Bank of New York Mellon Corp increased its holdings 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 worth $45,684,000 after acquiring an additional 113,451 shares in the last quarter. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the third quarter worth about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco by 41.9% in 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. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Finally, Barclays increased their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. One equities 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. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Down 1.2 %

IVZ stock opened at $15.34 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. The business has a 50 day moving average price of $17.26 and a two-hundred day moving average price of $17.45. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 13.00, a P/E/G 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.

Invesco (NYSE:IVZ) last posted 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 return on equity of 8.18% and a net margin of 12.77%. Analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.35%. Invesco’s payout ratio is 69.49%.

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.