Prudential Financial Inc. Has $1.69 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Prudential Financial Inc. lessened its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 22.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 96,788 shares of the asset manager’s stock after selling 28,447 shares during the quarter. Prudential Financial Inc.’s holdings in Invesco were worth $1,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVZ. Public Sector Pension Investment Board increased its holdings in shares of Invesco by 3.6% in the third quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 2,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares in the last quarter. Captrust Financial Advisors raised its holdings in Invesco by 131.3% during the 3rd quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager’s stock worth $987,000 after buying an additional 31,908 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Invesco by 83.3% in the third quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager’s stock valued at $865,000 after buying an additional 22,377 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Invesco during the third quarter worth $283,000. 66.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on IVZ shares. Wells Fargo & Company boosted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.30.

Invesco Stock Performance

NYSE IVZ opened at $12.78 on Friday. The firm’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $17.37. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. 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 1 year low of $12.35 and a 1 year high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued 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 6.41%. Invesco’s dividend payout ratio (DPR) is currently 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.