Mather Group LLC. Acquires 7,912 Shares of Invesco Ltd. (NYSE:IVZ)

Mather Group LLC. raised its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,576 shares of the asset manager’s stock after buying an additional 7,912 shares during the quarter. Mather Group LLC.’s holdings in Invesco were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP boosted its stake in shares of Invesco by 276.8% in the 3rd quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager’s stock valued at $1,187,000 after purchasing an additional 60,057 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Invesco during the fourth quarter valued at about $1,166,000. Northern Trust Corp grew its stake in shares of Invesco by 30.7% in the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. Raymond James & Associates grew its stake in shares of Invesco by 4.5% in the third quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock worth $957,000 after purchasing an additional 2,846 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. purchased a new position in Invesco during the 4th quarter valued at about $2,496,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

Shares of NYSE IVZ opened at $14.34 on Thursday. Invesco Ltd. has a 1-year low of $12.48 and a 1-year high of $18.71. The business has a fifty day moving average price of $15.64 and a 200 day moving average price of $15.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. Invesco’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Research analysts anticipate that Invesco Ltd. will post 1.68 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.205 dividend. This is an increase from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.72%. Invesco’s dividend payout ratio is presently -106.67%.

Analyst Ratings Changes

IVZ has been the subject of several research reports. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. UBS Group cut their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. TheStreet lowered Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. BMO Capital Markets restated a “market perform” rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.79.

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.