Invesco Ltd. (NYSE:IVZ) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 216.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,800 shares of the asset manager’s stock after buying an additional 452,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Invesco were worth $11,568,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IVZ. Wilmington Savings Fund Society FSB purchased a new stake in Invesco in the 3rd quarter worth $35,000. Aster Capital Management DIFC Ltd grew its position in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,531 shares during the period. Crews Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter valued at about $44,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Invesco during the fourth quarter worth about $52,000. Finally, Assetmark Inc. raised its position in shares of Invesco by 381.5% during the 4th 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 last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IVZ shares. JPMorgan Chase & Co. cut their price objective on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Morgan Stanley reduced their price objective on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays decreased their price objective on Invesco from $20.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup dropped their target price on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Finally, Argus raised their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.03.

Invesco Trading Up 1.1 %

IVZ opened at $12.78 on Monday. The business’s 50 day moving average price is $15.41 and its 200 day moving average price is $16.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market capitalization of $5.72 billion, a PE ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 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.