Crews Bank & Trust Takes Position in Invesco Ltd. (NYSE:IVZ)

Crews Bank & Trust bought a new position in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,525 shares of the asset manager’s stock, valued at approximately $44,000.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Invesco in the 4th quarter worth about $163,000. Pacer Advisors Inc. boosted its stake in Invesco by 7.8% in the fourth quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock worth $633,000 after buying an additional 2,615 shares in the last quarter. KBC Group NV grew its position in Invesco by 264.2% during the fourth quarter. KBC Group NV now owns 89,999 shares of the asset manager’s stock valued at $1,573,000 after acquiring an additional 65,285 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager’s stock worth $141,000 after acquiring an additional 1,221 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of Invesco in the 4th quarter worth approximately $189,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays raised their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, TD Cowen cut their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.71.

Invesco Trading Down 0.1 %

NYSE:IVZ opened at $19.21 on Friday. The company has a 50-day moving average price of $17.73 and a 200-day moving average price of $17.32. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.18 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. Equities analysts predict that Invesco Ltd. will post 1.85 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.27%. Invesco’s dividend payout ratio (DPR) is 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.