Mirae Asset Global Investments Co. Ltd. Grows Position in Invesco Ltd. (NYSE:IVZ)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Invesco Ltd. (NYSE:IVZ) by 86.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,914 shares of the asset manager’s stock after buying an additional 57,076 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Invesco were worth $2,193,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Trian Fund Management L.P. increased its position in Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after buying an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Invesco by 14.0% in the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after purchasing an additional 6,384,917 shares during the period. BlackRock Inc. grew its position in shares of Invesco by 5.6% in the first quarter. BlackRock Inc. now owns 47,752,801 shares of the asset manager’s stock valued at $783,146,000 after purchasing an additional 2,528,731 shares during the period. State Street Corp grew its position in shares of Invesco by 58.2% in the third quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock valued at $348,174,000 after purchasing an additional 9,345,810 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Invesco by 1.6% in the first quarter. Geode Capital Management LLC now owns 9,349,841 shares of the asset manager’s stock valued at $153,035,000 after purchasing an additional 145,285 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

IVZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research report on Thursday, April 11th. TheStreet downgraded Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada lifted their price objective on Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. Finally, Wells Fargo & Company lowered their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.46.

Invesco Trading Up 0.7 %

Shares of IVZ opened at $15.37 on Friday. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $15.40. The stock has a market cap of $6.90 billion, a PE ratio of -20.77, a P/E/G ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Equities analysts forecast that Invesco Ltd. will post 1.73 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco’s dividend payout ratio is presently -108.11%.

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.