Victory Capital Management Inc. Boosts Stock Position in Invesco Ltd. (NYSE:IVZ)

Victory Capital Management Inc. increased its holdings in Invesco Ltd. (NYSE:IVZ) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,691 shares of the asset manager’s stock after purchasing an additional 15,222 shares during the period. Victory Capital Management Inc.’s holdings in Invesco were worth $2,739,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco in the 3rd quarter worth approximately $1,428,196,000. Azora Capital LP purchased a new position in Invesco in the 3rd quarter worth approximately $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Invesco by 131.3% in 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. Algert Global LLC lifted its holdings in Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after purchasing an additional 444,470 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Invesco by 635.9% in the 4th quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock worth $8,569,000 after purchasing an additional 423,621 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $15.32 on Monday. The company has a market cap of $6.86 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 1.43. 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 business’s 50 day moving average price is $17.42 and its 200-day moving average price is $17.49. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results 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%. Sell-side analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s payout ratio is currently 69.49%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IVZ shares. Wells Fargo & Company boosted their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. UBS Group lifted their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, TD Cowen reduced their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco 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.